Climate change is having a profound effect in Greenland with glaciers and the Greenland ice cap retreating. Credit: Ulrik Pedersen/NurPhoto via Getty Images Parts of the world economy may have Continue Reading
Encouraging reports keep emerging about growth prospects for renewable energy. The International Energy Agency’s November report, Renewables 2020: Analysis and forecast to 2025 , projects that by 2025 electricity from Continue Reading
Major cuts to oil production, an equally major boost to clean energy project development, and ambitious emissions reduction targets: this was Big Oil’s pledge for the future last year. It’s Continue Reading
Saudi Arabia warned Opec and allies outside the oil cartel against unleashing more barrels on to a fragile market, putting the kingdom at loggerheads with rival Russia. Prince Abdulaziz bin Salman, Continue Reading
The OPEC+ talks stalled on Monday after the group failed to reach a consensus on the best path forward for oil production, the body reported on Monday afternoon. OPEC and Continue Reading
Saudi Arabia and Russia deadlocked Monday over whether their producers’ alliance should boost crude output amid a resurgent pandemic, delegates said after a day of talks ended without a deal. Continue Reading
Armed Iranian Revolutionary Guard troops stormed a South Korean tanker and forced the ship to change course and travel to Iran, the vessel’s owner said Tuesday, the latest maritime seizure Continue Reading
Qatar’s energy exports are unlikely to get a boost even as the almost four-year rift between Doha and three Gulf countries is set to ease with the Qatari Emir attending Continue Reading
Trump administration had been more aggressive on Iraq’s energy deals with Iran, issuing a 45-day waiver in November. U.S. Secretary of State Mike Pompeo looks to Iraq’s Foreign Minister Fuad Continue Reading
Iran’s Revolutionary Guards Corps seized a South Korean-flagged tanker in Gulf waters and detained its crew, Iranian media said on Monday, amid tensions between Tehran and Seoul over Iranian funds Continue Reading
Iran on Monday resumed 20 percent uranium enrichment at its sensitive Fordow nuclear facility, state media reported — a major step away from a 2015 nuclear deal struck with world Continue Reading
-Iran has resumed 20% uranium enrichment at an underground nuclear facility, the government said on Monday, breaching a 2015 nuclear pact with major powers and possibly complicating efforts by U.S. Continue Reading
Nigeria’s oil industry looks set for a difficult 2021 as a delay in implementing key legislative reforms compounds problems for a sector still reeling under the weight of OPEC+ output Continue Reading
Venezuela’s rapidly disintegrating oil industry, which is the backbone of its economy, is a mere shadow of what it once was, despite the founding OPEC member possessing the world’s largest Continue Reading
The New York Stock Exchange said it no longer intends to delist three Chinese telecom giants that have been targeted by U.S. President Donald Trump’s outgoing administration, in a shock Continue Reading
Venezuela’s crude oil and refined product exports plummeted in 2020 to their lowest level in 77 years, as the U.S. continued to step up sanctions against Nicolas Maduro’s regime and Continue Reading
Venezuela’s oil industry will likely continue to deteriorate in 2021, with the country’s roughly 300 billion barrels of crude in reserves left largely untapped even if oil prices move higher, Continue Reading
Chinese crude oil companies listed in New York may soon be kicked out, after the New York Stock Exchange delisted three telecoms with headquarters in China, Bloomberg reports, due to Continue Reading
Several major Chinese cities have reportedly gone dark as authorities limit power usage, citing a shortage of coal. Analysts said prices of the commodity in the country have shot up Continue Reading
Defaults by US oil and gas producers are set to outstrip all other sectors again in 2021 as an industry battered by this year’s price crash faces yet more pain, Continue Reading
The solar sector has enjoyed a jaw-dropping run-up in the current year. The sector’s sole pure-play solar fund, Invesco Solar Portfolio ETF (TAN), is up 234% over the past 52 Continue Reading
US Interior Secretary David Bernhardt signed into effect Jan. 4 a major land management change for the 23 million-acre National Petroleum Reserve-Alaska, a long-anticipated action to open areas along the Continue Reading
The US Department of Energy’s (DOE) Office of Fossil Energy (FE) announced $6.4 million in federal funding for cost-shared research and development projects under the funding opportunity announcement (FOA) FE-FOA Continue Reading
Baker Hughes Co., one of the world’s biggest oilfield servicers, bought technology that enables companies to capture carbon emissions with a view to storing them underground as the industry faces Continue Reading
The 2020 crisis put an abrupt end to the growth in U.S. crude oil production, which had just hit 13 million barrels per day (bpd) before oil prices and demand Continue Reading
Kinder Morgan on Jan. 4 said its Permian Highway Pipeline has begun full commercial service, bringing West Texas producers long-awaited new gas transmission capacity and a potential lift to prices. Continue Reading
Highlights $3 billion/year in savings possible 21 GW of coal and gas retirements seen Houston — The Electric Reliability Council of Texas must massively expand its transmission capacity to move Continue Reading
U.S. President-elect Joe Biden and Vice President-elect Kamala Harris look on as Tom Vilsack, U.S. President-elect Joe Biden’s nominee to head the Department of Agriculture, delivers remarks at the Queen Continue Reading
British Prime Minister Boris Johnson on Monday ordered England into a new national lockdown to contain a surge in COVID-19 cases that threatens to overwhelm parts of the health system Continue Reading
We have already written about one of the most paradoxical developments of the US-Russia energy relationship, namely that American refiners have become the number one buyer of Russia’s fuel oil Continue Reading
Making bold assertive statements is never a prudent strategy for any analyst, regardless of the topic to be examined. Risking the peril of not seeing the sudden twist behind the Continue Reading
Oil rose for a fourth day – aided by a falling dollar and Middle East tensions — before OPEC+ meets to decide whether it can keep lifting output as a Continue Reading
Crude oil futures were higher during mid-morning trade in Asia Jan. 4 as market participants awaited a meeting set for later in the day between OPEC and non-OPEC ministers to Continue Reading
Collapse Within Several Decades Deforestation and rampant resource use is likely to trigger the ‘irreversible collapse’ of human civilization unless we rapidly change course . Vice.com Two theoretical physicists specializing Continue Reading
Airlines are betting that coronavirus vaccines will reignite demand for travel this year. The question is when. Delta Air Lines Inc. Chief Executive Ed Bastian expects improvement starting this spring. Alaska Continue Reading
Global aviation data firm Cirium released its new Airline Insights Review 2020 which reveals the deep impact on aviation of worldwide travel restrictions to curb COVID-19. The report shows that Continue Reading
The price of a lithium-ion battery pack used to power an electric vehicle has plunged 89% in the last decade. It could drop even further in the next couple of Continue Reading
OPEC warned of risks to the oil market from the resurgent pandemic, a day before the group and its allies meet to consider whether to increase production. “The outlook for the Continue Reading
Kuwait supports OPEC+ decisions that help maintain stability in crude markets, particularly in light of the negative repercussions from the pandemic, the country’s oil minister said Jan. 4, as ministers Continue Reading
OPEC and its allies will meet later Jan. 4 to set crude production levels for February, with the spread of new COVID-19 variants potentially giving ministers pause on proposals to Continue Reading
The oil and gas reserves of the Middle East are unmatched. It has been the region’s most important source of revenue and wealth for the past decades. Although it is Continue Reading
OPEC sees plenty of downside risks for oil markets in the first half of 2021, its secretary-general said on Sunday, a day before meeting allies led by Russia to discuss Continue Reading
Iraq confirmed that it’s selected a Chinese company for a multibillion-dollar oil-supply deal, as the Arab nation seeks funds to bolster an economy reeling from the coronavirus-triggered collapse in energy Continue Reading
Tens of thousands of supporters of Iranian-backed Iraqi paramilitary groups chanted anti-American slogans in central Baghdad on Sunday to mark the anniversary of the U.S. killing of Iranian general Qassem Continue Reading
A logjam in the global shipping industry is testing the resilience of China’s exporters, who have driven the country’s economic recovery by churning out goods to meet surging global demand during Continue Reading
Iran’s parliament has lowered the government’s oil export target from 2.3 million to 1.5 million to manage expectations, news agency ISNA reported Jan 2. Receive daily email alerts, subscriber notes Continue Reading
Highlights Sea mine on Pola discovered Dec. 31 in international territorial waters Pola is floating storage for high sulfur fuel oil intended for export Latest incident heightens maritime security concerns Continue Reading
The Pentagon said on Sunday that it had ordered the aircraft carrier Nimitz to remain in the Middle East because of Iranian threats against President Trump and other American officials, Continue Reading
Oil demand from China has been one of the few bright spots for a global petroleum industry severely impacted by a long-term global supply glut and the economic fallout from Continue Reading
Xpeng Inc, a Chinese smart electric vehicle company, announced its vehicle delivery results for December 2020, the fourth quarter and year-ended December 31, 2020. Xpeng achieved a record monthly delivery Continue Reading
