South African plants owned by Glencore Plc and Petroliam Nasional Bhd that make up 43% of the nation’s oil-refining capacity are expected to stay shut until at least 2022, according to energy consultant Continue Reading
India’s petroleum consumption fell for the first time in more than two decades in 2020 as the coronavirus pandemic shuttered businesses and factories, hurting demand from one of the world’s Continue Reading
Much of Pakistan descended into darkness on Jan. 9, after a technical fault struck the country’s national grid, according to Pakistan’s Power Minister Omar Ayub Khan. Not registered? Receive daily Continue Reading
The unprecedented surge in spot LNG prices has taken Indian buyers by surprise and forced importers to stay away from spot purchases, which would potentially lead to lower throughput at Continue Reading
Much has been made of President-elect Joe Biden’s energy policies and the negative impact they will have on the U.S. oil industry, which is laboring to survive a global oil Continue Reading
Like many global oil majors ExxonMobil is under considerable pressure because of the significant fallout from the COVID-19 pandemic, sharply weaker oil prices and the threat of peak oil demand. Continue Reading
The average utilization rate of China’s independent refineries in the Shandong province stood at around 70.4% in 2020, up by about six percentage points from the 64.2% in 2019, according Continue Reading
Lithium-ion batteries in Germany. This story was originally published by Yale Environment 360 and is reproduced here as part of the Climate Desk collaboration. The twin smokestacks of the Moss Continue Reading
Deal making among oil and gas producers was at its highest for the year in the fourth quarter of 2020 as the pandemic-driven fallout in commodity prices spurred a wave Continue Reading
The Republican legislators in North Dakota proposed a new $1.1 billion bonding package for infrastructure projects, planning to use proceeds from oil and gas to pay off part of the Continue Reading
The Gulf of Mexico is littered with tens of thousands of abandoned oil and gas wells, and toothless regulation leaves climate warming gas emissions unchecked. Out on the deck of Continue Reading
A chip shortage that has disrupted vehicle production in other parts of the globe is reaching U.S. shores, stifling output for major car companies and dimming prospects for a smooth Continue Reading
The U.S. removed the ban on American crude oil exports to countries other than Canada in 2015, unleashing a new force on the global oil market to be reckoned with. Continue Reading
Russia will restart construction of its Nord Stream 2 gas pipeline to Germany this week in the face of US sanctions that have paused construction for more than a year. Kremlin-controlled Continue Reading
Transit of Kazakh oil via Russia has been disrupted due to power outages caused by cold weather, Russian pipeline operator Transneft said Jan. 11. Receive daily email alerts, subscriber notes Continue Reading
Oil posted the biggest weekly gain since late September as Saudi Arabia’s plan to slice output spurred a surge in physical crude buying. Futures in New York advanced $3.72 this Continue Reading
The surprise cuts by Saudi Arabia following the OPEC+ meeting have provided oil bulls with a major boost, sending Brent above $55. For Global Energy Alert members there are now Continue Reading
Ship owners facing looming deadlines to use less-polluting fuels have slashed the number of new vessels on order because they don’t know which alternative technology to switch to. Ammonia, hydrogen, biofuels Continue Reading
Crude oil output from fields operated by Brazil’s state energy major Petrobras hit a record last year despite the pandemic, at an average 2.3 million bpd, Bloomberg reported , comparing Continue Reading
Saudi Arabia’s surprise announcement that it would cut 1 million barrels per day (bpd) beyond its share of OPEC+ cuts in February and March has refiners in Asia scrambling to Continue Reading
The coldest winter in China since 1966 has sent coal and gas prices soaring as power demand surges. Gas prices hit a three-year high, Bloomberg reported , while coal prices Continue Reading
China will provide COVID-19 vaccines free of charge once they become available to the general public, government authorities said on Saturday. Slideshow ( 2 images )nsport of vaccines have costs, Continue Reading
A cold blast across China that’s brought temperatures in Beijing to the lowest since 1966 is wreaking havoc on energy markets, creating record power demand and sending coal and gas Continue Reading
The shale boom has turned the U.S. into the world’s largest oil producer and has moved it ever closer to ending dependence on Middle East oil. (Bloomberg) — Five years Continue Reading
General Motors on Friday unveiled a new corporate logo, its first major logo change since 1964, as part of a new campaign to accelerate the automaker’s focus on electric vehicles Continue Reading
President-elect Joe Biden on Friday called for trillions of dollars in immediate further fiscal support, including increased direct payments, after a surge in coronavirus cases caused U.S. payrolls to drop Continue Reading
America’s employers likely cut back again on hiring last month — and might even have shed jobs — with the economy under pressure from a resurgent virus that has led Continue Reading
Crude oil prices continued their climb on Friday, poised for a weekly gain of more than 6% as Saudi Arabia took decisive action to voluntarily—and singlehandedly—curb production by an additional Continue Reading
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose by 9 to 360. The oil and gas rig count has risen Continue Reading
Milder weather and decreased demand resulted in U.S. natural gas spot prices averaging in 2020 the lowest in decades, since at least 1997, data from the Energy Information Administration (EIA) Continue Reading
Warnings from meteorologists about the potential for polar vortex weather to develop in the central and eastern US later this month are fueling a rally in Appalachia’s balance-of-winter gas market, Continue Reading
An alleged Trump administration effort to tie the U.S. Environmental Protection Agency’s hands regarding energy and climate rules under President-elect Joe Biden has run into a problem: a Democrat-controlled Senate. Continue Reading
The future of tight oil output in the US will depend in large part on future development of Permian Basin resources in Texas and New Mexico. I have developed nine Continue Reading
U.S. President-elect Joe Biden said Americans need more economic relief from the coronavirus pandemic now and that he will deliver a plan costing “trillions” of dollars next week. Biden, introducing Continue Reading
General Motors Co. GM -0.60% revealed a new tech-themed corporate logo—its first major change in decades—and GM’s autonomous-car division hired a new operations chief, the latest in the auto maker’s efforts to fend off Continue Reading
Governor Gavin Newsom has submitted his 2021-22 State Budget proposal to the state Legislature. Among the many provisions, the Governor’s budget proposes $1.5 billion to achieve the state’s zero-emission vehicle Continue Reading
The number of rotary drilling rigs operating in the US and Canada rose by 67 this week, Baker Hughes reported Friday. The number of rotary drilling rigs operating in the Continue Reading
The US economy shed 140,000 jobs in December, leaving the unemployment rate at a stubbornly high 6.7 percent and exacerbating fears that the new coronavirus surge is stalling America’s recovery. Continue Reading
Extended lockdowns in response to the continuing surge in Covid-19 infections in Europe has quashed hopes that fuel demand on the continent could rebound in the first half of the Continue Reading
Crude oil futures ticked up during the Asian mid-morning trade Jan. 8, but a rally driven by Saudi Arabia’s decision to cut output by 1 million b/d and the Democrats Continue Reading
Oil prices on Friday hit 11-month highs and were on track for a strong weekly gain as a rally in global equities fed risk appetite and stoked bullish sentiment following Continue Reading
Crude oil futures edged higher Jan. 7 amid tightened fundamental outlooks, but pandemic demand risks and heightened US political tensions limited gains. Receive daily email alerts, subscriber notes & personalize Continue Reading
Oil prices settled higher on Thursday, hitting 11-month peaks, as markets remained focused on Saudi Arabia’s unexpected pledge to deepen its oil cuts and firmer equities, shrugging off political turmoil Continue Reading
Italian energy major, Eni, described 2020 as a “year of war”, regarding the energy crisis experienced in the face of a global pandemic. But it may be too soon to Continue Reading
Five years ago, a handful of oil majors launched what they called the Oil and Gas Climate Initiative with the stated aim of accelerating the energy industry’s response to climate Continue Reading
Higher demand for oil, natural gas, and coal due to colder than usual winter temperatures in many parts of the northern hemisphere is driving up the regional prices and international Continue Reading
The annual five-day rebalancing of portfolios beginning on Friday could attract as much as US$9 billion buying into crude oil contracts, putting upward pressure on oil prices, investment banks and Continue Reading
Global floating oil storage declined at a fast pace in December as traders sold crude held on tankers in the absence of price incentives to store it and in order Continue Reading
Natural gas seems to be locked in a range that prevents it from being truly economic across the demand cycle. As you can see from the graphic below, for about Continue Reading
Declining solar, wind, and battery technology costs are helping to grow the share of renewables in the world’s power mix to the point that governments are pledging net-zero emission electricity Continue Reading
