The Trump administration’s unprecedented auction of Arctic drilling rights Wednesday netted just $14.4 million from three bidders, with major oil companies steering clear of the sale. Amid low crude prices, fears Continue Reading
Investing will never be the same again. The $120 trillion sustainability trend has left no sector untouched, and it is fueling one of the biggest transfers in capital the world Continue Reading
Recovering demand for liquefied natural gas (LNG) and the strongest spot LNG prices in more than half a decade are set to encourage more U.S. exports of LNG this year. Continue Reading
Despite early weather forecasts predicting a colder-than-normal Canadian winter, temperatures so far are averaging well above normal, sapping demand and decreasing the likelihood of drawing down the region’s massive storage Continue Reading
The Trump administration on Wednesday found few takers at its sale of drilling leases in a pristine Arctic wildlife refuge, with an Alaska state agency emerging as the sole bidder Continue Reading
Russian refineries are expected to reduce throughput in January on poor economics and also fewer working days due to the New Year holidays, with more pronounced cuts anticipated at smaller Continue Reading
Fears of an uncontrollable winter wave of coronavirus infections have prompted a growing number of European governments to close schools, breaking with a previous consensus that face-to-face teaching must be Continue Reading
Oil steadied in Asia after surging to a 10-month high on Saudi Arabia’s pledge to cut an extra 1 million barrels a day of crude output in February and March Continue Reading
Oil prices rose on Wednesday to their highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers, while industry figures Continue Reading
Oil surged to its highest since February after Saudi Arabia pledged to voluntarily cut output by an extra 1 million barrels a day in what Russia’s Deputy Prime Minister described Continue Reading
Even before Covid-19, the World Bank had lowered its projections for global growth in the 10 years that began in 2020. The pandemic is exacerbating that trend, raising the prospect Continue Reading
The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 1.663 million barrels for the week ending January 1. Analysts had predicted an inventory draw Continue Reading
Despite growing vaccine access, January is looking grim around the globe as the coronavirus resurges and reshapes itself from Britain to Japan to California, filling hospitals and threatening livelihoods anew Continue Reading
Here’s the question for oil industry investors. Can oil companies scale up clean energy enterprises to replace business lost from a decline in fossil fuel revenues? Some of the oil Continue Reading
Like the start of every year in recent history, the planet is getting warmer, climate disasters continue to strike, and emissions aren’t falling fast enough. Unlike other years, however, some positive developments in Continue Reading
A dramatic spike in temperatures is occurring at high altitudes above the North Pole, where the air is thin and typically frigid. Known as a sudden stratospheric warming event, experts Continue Reading
Saudi Arabia has delivered what Russian Deputy Prime Minister Alexander Novak called “a New Year’s gift” to the oil market with its surprise announcement of an extra 1 million b/d Continue Reading
Saudi Arabia surprised the market with a large cut in crude production, an assertion of primacy over the global oil industry that came directly from the kingdom’s de-facto ruler. The move Continue Reading
OPEC+ was nearing a consensus that would hold its oil output steady next month, after the group rejected Russia’s proposal for a production increase. Negotiations were ongoing and not all Continue Reading
Saudi Arabia will make additional, voluntary oil output cuts of one million barrels per day (bpd) in February and March as part of a deal under which most OPEC+ producers Continue Reading
FILE PHOTO: U.S. President Donald Trump addresses a campaign rally in Dalton, Georgia, U.S., on the eve of the run-off election to decide both of Georgia’s Senate seats January 4, Continue Reading
Saudi Arabia said Tuesday it will cut its oil production by 1 million barrels a day, taking on the burden of supporting prices in the energy market as a “goodwill Continue Reading
Saudi Arabia said it would unilaterally cut 1 million barrels a day of crude production starting next month, a surprise move signaling the kingdom’s worry that a resurgent coronavirus is Continue Reading
Chanting anti-American slogans, thousands of Iraqis converged on a landmark square in central Baghdad on Sunday to commemorate the anniversary of the killing of a powerful Iranian general and a Continue Reading
In line with Iraq’s currently perilous finances and with its future target of increasing crude oil production to 7 million barrels per day (bpd) by 2027 at the latest, Baghdad Continue Reading
Oil exports ended 2020 on a relative high note, but the year saw federal Iraq post its lowest annual export volumes since 2014 and worst revenue total in more than Continue Reading
Highlights Iran slashed gas supplies due to unpaid bills Iranian energy minister pledged to resume supplies Iraq’s 90-day waiver granted on Dec. 30 Dubai — Iraq is still waiting for Continue Reading
Plumes of smoke in the Niger delta. A coalition of nine militant groups under the aegis of Reformed Niger Delta Avengers, RNDA, yesterday, backed out of peace talks with the Continue Reading
Chanting anti-American slogans, thousands of Iraqis converged on a landmark square in central Baghdad on Sunday to commemorate the anniversary of the killing of a powerful Iranian general and a Continue Reading
As 2020 meant a slowdown in coal production and use, experts and governments were confident that the industry would pick up again as pandemic restrictions eased. However, going into 2021, Continue Reading
Chinese authorities on Wednesday imposed travel restrictions and banned gatherings in the capital city of Hebei province, which surrounds Beijing, in the latest escalation of measures to stave off another Continue Reading
Crude and bitumen blend import for China’s independent refineries jumped 42.2% on the year to a record high of 188.11 million mt in 2020, latest data collected by S&P Global Continue Reading
U.S. factory activity accelerated to its highest level in nearly 2-1/2 years in December as the coronavirus pandemic continues to pull demand away from services towards goods, though spiraling new Continue Reading
Exxon Mobil Corp. disclosed emissions data on customers’ use of its fuels and other products for the first time after coming under pressure from investors. The oil giant’s so-called Scope 3 Continue Reading
Several auto makers reported relatively brisk U.S. sales to finish 2020, stoking optimism the car business this year can continue its climb back from the Covid-19 crisis. General Motors Co. GM 2.84% said Tuesday that Continue Reading
Taking a step with implications for oil and natural gas infrastructure, the US Fish and Wildlife Service issued a final regulation Jan. 5 clarifying that unintentional injury or death of Continue Reading
Massachusetts lawmakers have sent to the governor’s desk a bill that aims to chart the state’s path to net-zero emissions by 2050. Receive daily email alerts, subscriber notes & personalize Continue Reading
BNSF Railway Company and Wabtec began testing battery-electric locomotive technology in revenue service between Barstow and Stockton, California. As BNSF seeks ways to further reduce its environmental impact, the advancement 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
The Trump administration’s sale of oil drilling rights in the Arctic National Wildlife Refuge will go forward Wednesday, after a federal judge rejected a request by environmentalists to block the auction. The Continue Reading
As chief executive Mary Barra announced the acceleration of General Motors’ rollout of 30 vehicle models in November, she said the carmaker was “committed to fighting for EV market share until Continue Reading
Britain is facing a long, bleak winter as cold, wet weather and a more contagious variant of the coronavirus put unprecedented strain on the nation’s hospitals and force record numbers Continue Reading
Germany is extending its lockdown until the end of January and banning non-essential travel in those areas worst-hit by the coronavirus pandemic, as it battles to control an upsurge in Continue Reading
Poland plans to have 2 GW of hydrogen electrolysis capacity and 2,000 hydrogen fuel cell buses on its streets by 2030 as part of a new strategy to promote the Continue Reading
Economic activity in the euro zone contracted more sharply than previously thought at the end of 2020 and could get worse as renewed lockdown restrictions imposed to contain the coronavirus Continue Reading
Crude oil futures edged higher in mid-morning trade in Asia Jan. 5 on hopes that OPEC+ will maintain January production quotas into February, but the gains were tapered by concerns Continue Reading
Oil prices were little changed on Tuesday before deadlocked talks between major producers about potential changes in February output are set to continue later in the day while fuel demand Continue Reading
Oil futures settled lower Jan. 4 as the OPEC+ group announced it would extend for a second-day talks regarding February output hikes. Receive daily email alerts, subscriber notes & personalize Continue Reading
Oil prices slipped from multi-month highs to end more than 1% lower on the first trading day of the year after OPEC+ failed to decide on Monday whether to increase Continue Reading
Oil dropped the most in two weeks with OPEC+ yet to resolve an impasse on whether to keep raising production at a time when the pandemic threatens demand. Futures fell Continue Reading
