China’s exports rose in 2020 despite pressure from the coronavirus and a tariff war with Washington, boosting its politically volatile trade surplus to $535 billion, one of the highest ever Continue Reading
Some of Asia’s biggest potential hydrogen consumers are hopeful that Australia will be able to achieve its aim of sharply reducing production costs to supply green hydrogen at $2/kg in Continue Reading
China’s crude imports fell to a 27-month low of 9.096 million b/d or 38.47 million mt in December, but total imports over 2020 were up 7% year on year at Continue Reading
U.S. consumer prices increased solidly in December amid a surge in the cost of gasoline, though underlying inflation remained tame as the economy battled a raging COVID-19 pandemic that has Continue Reading
U.S. economic activity increased modestly in recent weeks and a growing number of the Federal Reserve’s districts saw a drop in employment as a surge in coronavirus cases led to Continue Reading
Deep in the Permian Basin, America’s biggest oilfield, Occidental Petroleum Corp. plans to build a facility that it believes could change the way the world thinks about fossil-fuel emissions. The globe’s Continue Reading
For decades, the Lone Star State has been essentially synonymous with fossil fuels. While shale oil and gas have long reigned supreme in Texas, coal has also long been a Continue Reading
General Motors stole the show on Tuesday after unveiling the Cadillac Vertical Take-Off and Landing (VTOL) vehicle and electric shuttle concepts in a virtual presentation at the CES expo, according Continue Reading
U.S. oil and gas producer Chesapeake Energy’s Chapter 11 bankruptcy plan was approved by a U.S. judge on Wednesday, giving lenders control of the firm and ending a contentious trial. Continue Reading
The United States reported more than 4,200 deaths Tuesday, bringing the nation’s total to more than 381,000 deaths since the onset of the pandemic, according to Washington Post data. The Continue Reading
With trillions of dollars pouring into ESG funds last year, 2020 has been called the “tipping point” year for this mega-trend. But many are predicting that the ESG boom will Continue Reading
The Texas oil and gas industry paid a total of $13.9 billion in state and local taxes and state royalties in fiscal year 2020, the Texas Oil & Gas Association Continue Reading
Total US propane product supplied climbed 402,000 b/d to the highest level in nearly 14 years in the week ended Jan. 8, Energy Information Administration data showed Jan. 13. Receive Continue Reading
Airline travel will continue to suffer in the first half this year and will only recover, and jet fuel consumption with it, in the back half of 2021, when mass Continue Reading
Linde will build , own and operate a 24MW PEM (Proton Exchange Membrane) electrolyzer plant at the Leuna Chemical Complex in Germany. The new 24-megawatt electrolyzer will produce green hydrogen Continue Reading
The German Center for Rail Transport Research at the Federal Railway Office has tasked TÜV Rheinland InterTraffic with developing a standard for hydrogen applications in rail vehicles. TÜV Rheinland is Continue Reading
Crude oil futures rose in mid-morning trade in Asia Jan. 13 on a larger-than-expected draw in US crude inventories and a weakening US dollar. Receive daily email alerts, subscriber notes Continue Reading
Oil crept higher after an industry report pointing to another decrease in U.S. crude stockpiles, which added impetus to a new year rally driven by Saudi Arabia’s output cuts. Futures in Continue Reading
Crude futures pushed to 11-month highs Jan. 12 on the back of a weaker US dollar. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Continue Reading
Oil rose to a fresh 10-month high with a weaker dollar providing support to a market already boosted by expectations for tightening global supply. Futures climbed 1.8% in New York Continue Reading
The 2020 oil crisis has led to a crisis of confidence among the global workforce in the oil and gas industry, where 78 percent of professionals are now less secure Continue Reading
The global oil market is in flux once again. The bulls are fighting it out with the bears as COVID lockdowns come into force around the world. Oil prices may Continue Reading
Economic, climate and healthcare upheavals point to the need to move toward developing cleaner energy sources, environmentally friendly jobs and healthier communities, participants in a Reuters Next panel said on Continue Reading
Oil is extending a steady recovery into 2021, aided by fresh signals that the world’s biggest producers won’t turn on the spigots and flood the market. U.S. crude futures recently rose above Continue Reading
OPEC+ group’s compliance with the oil production cuts fell to 75 percent in December 2020—one of the lowest levels since the pact was enacted in May 2020, tanker tracking firm Continue Reading
Mozambique’s President Filipe Nyusi has held talks with his counterpart in neighboring Tanzania to prepare a wider regional response to violence from Islamic State-aligned insurgents that threaten the progress of Continue Reading
Two of South Africa’s four oil refineries are currently offline and expected to restart next year at the earliest, while the other two facilities also face an uncertain future as Continue Reading
Africa’s second-largest oil exporter Angola has received approval from the International Monetary Fund for a disbursement of over $480 million under a $3.7-billion loan agreement as it continues to struggle Continue Reading
Tens of thousands of farmers will continue their protests against India’s new farm laws until they are repealed, rejecting the top court’s decision to keep them in abeyance and adding Continue Reading
Sharply weaker oil prices and the global COIVD-19 pandemic had little material impact on Brazil’s massive offshore oil boom. Even the fact that the oil rich Latin American country is Continue Reading
A shortage of LNG tankers has also boosted charter rates to a record high. (Bloomberg) — North Asia’s liquefied natural gas benchmark rose above $30 per million British Thermal units Continue Reading
China’s state railway company has vowed to improve the efficiency of its existing railway network this year, rather than continue expanding track mileage Railway investment is expected to fall in Continue Reading
Wall Street’s obsession with electric vehicles is touching off a new round of public listings and helping clean-tech companies to forge partnerships with powerful allies. Proterra Inc., which makes electric buses Continue Reading
The market for battery-powered delivery vehicles and equipment has so much potential that General Motors is forming a new business unit to serve it, a move that lifted the automaker’s Continue Reading
As the U.S. goes through the most lethal phase of the coronavirus outbreak yet, governors and local officials in hard-hit parts of the country are showing little willingness to impose Continue Reading
The U.S. government will require all international airline passengers to show proof of a negative Covid-19 test before boarding flights to the country, the Centers for Disease Control and Prevention Continue Reading
General Motors Co. GM 6.24% is launching a new electric-truck business geared toward delivery services, the latest in the company’s efforts to commercialize battery technology it is developing in-house. Following the news, shares of GM Continue Reading
The Environmental Protection Agency is creating higher barriers for regulating the emissions that contribute to climate change, setting new rules that effectively block the federal government from imposing new restrictions Continue Reading
Forecast Highlights This edition of the Short-Term Energy Outlook (STEO) is the first to include forecasts for 2022. The January STEO remains subject to heightened levels of uncertainty because responses to COVID-19 Continue Reading
The stakes are rising with each passing day for energy storage. The world needs it, and it needs it cheaply and urgently, given all the plans in Europe, Asia, and Continue Reading
WTI is back above $50 a barrel, and things are looking up for the battered U.S. oil industry. Yet, although the worst may be behind drillers, they still face a Continue Reading
Natural gas reserves in the United States fell by 2 percent in 2019 due to low prices, the Energy Information Administration said in an update on the country’s oil and Continue Reading
Kinder Morgan’s Elba Liquefaction is working on scheduling repairs to a unit at the 10-train facility in the US state of Georgia that has been offline since a fire eight Continue Reading
Texas is well-suited to become the leading producer of low-cost hydrogen in the US due to its existing hydrogen infrastructure and proximity to renewables, natural gas and storage resources, according Continue Reading
The US Energy Information Administration Jan. 12 raised its natural gas consumption forecasts for the first two quarters of 2021, even as it continued to predict rising gas prices will Continue Reading
General Motors Co on Tuesday presented a futuristic flying Cadillac – a self-driving vehicle which takes off and lands vertically and carries the passenger above the streets and through the Continue Reading
One of the things that had the oil industry worried about a Biden administration was his opposition to fracking, and his promise to ban it on federal lands on his Continue Reading
Highlights 2021 production estimate to rise from 55-year low in 2020 Coal to make up 22.4% of 2021 power share, 24.1% in 2022 Houston — The US is estimated to Continue Reading
General Motors has launched a new business, BrightDrop , which will offer an ecosystem of electric first-to-last-mile products, software and services to empower delivery and logistics companies to move goods Continue Reading
The U.S. Energy Information Administration on Tuesday cut its 2021 world oil demand growth forecast by 220,000 barrels per day from its previous estimate. In its monthly forecast, U.S. Energy Continue Reading
