Crude oil futures edged higher during mid-morning trade in Asia Jan. 27, spurred by bullish data from the American Petroleum Institute and an improved pandemic outlook in the US, even Continue Reading
The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 5.272 million barrels for the week ending January 22. Analysts had predicted an inventory smaller Continue Reading
Oil prices rose early on Tuesday amid signs that the physical supply of crude will tighten over the first quarter and counter concerns about slow vaccine rollouts and Chinese lockdowns. Continue Reading
Oil prices are set to average $50 per barrel for 2021, rising by 20 percent from the average last year, but still well below the average for 2019, the International Continue Reading
Global gas demand is expected to increase by 2.8% — or around 110 Bcm — this year, just above the extent of the decline witnessed last year and signaling a Continue Reading
Sixty-five years ago, a North Carolina trucker named Malcom McLean pioneered the standardized shipping container, launching a global trading system that lifted millions of people out of poverty and created a generation Continue Reading
The idea that crude oil could ever again hit three-digit price levels may sound ridiculous at a time when slack demand amid a pandemic has oil stuck in the $50s. Continue Reading
Following an unpredictable and shocking 2020, stability and sustainability are set to be the two major themes in the oil and gas industry this year. Companies in the sector will Continue Reading
Teenagers in some of the world’s top polluting nations are the strongest believers that global warming is an emergency, according to the largest-ever climate opinion poll. Globally, 69% of people under Continue Reading
After a 12-hour shift in the Old Souk one day last week, Yousaf Khan had not made a single sale at his shop where he sells colored glass lamps and Continue Reading
The Eastern Mediterranean in a decade went from an ’empty sea’ towards one of the most promising new frontiers of the global oil and gas industry. The Levant basin contains Continue Reading
The geopolitically game-changing Goreh-Jask pipeline project saw a major advance last week with the commencement last week of offshore pipe-laying operations. The implementation of this operation markets the first stage Continue Reading
Saudi Arabia’s oil giant, state-held Aramco, could think about selling more of its shares under the right market conditions, the governor of the Kingdom’s Public Investment Fund (PIF) said on Continue Reading
The U.S. is trying to seize around 2 million barrels of what it thinks is Iranian oil, according to people familiar with the matter, in Washington’s latest attempt to block Continue Reading
Israel’s top general said on Tuesday that its military was refreshing its operational plans against Iran and that any U.S. return to a 2015 nuclear accord with Tehran would be Continue Reading
There’s probably no country in the world outside the United States that was more affected by the November election than Iran. President Biden’s victory and entry into the White House was Continue Reading
In more than 50 countries, most of them wealthy, coronavirus vaccination efforts are well underway, with some 20 million doses already distributed in the United States alone. But most poorer nations Continue Reading
After spending decades tackling electricity shortages, Pakistan now faces a new and unfamiliar problem: too much generation capacity. The South Asian nation’s power supply flipped to a surplus last year Continue Reading
Despite outside assistance from Russia, China and Iran, the embattled socialist regime of President Maduro has proven incapable of rebuilding Venezuela’s once-mighty petroleum industry. According to the latest OPEC Monthly Continue Reading
A huge pile up of fish cargoes at a Chinese port risks impacting shipments of frozen food across the country and beyond. Hundreds of containers are being held up in Dalian, Continue Reading
Nissan Motor Co said on Wednesday all its “new vehicle offerings” in key markets would be electrified by the early 2030s, as part of the Japanese automaker’s efforts to achieve Continue Reading
China’s crude throughput will likely remain at relatively high levels over January-February despite the slowdown in domestic fuel consumption for the Lunar New Year due to the resurgence in COVID-19 Continue Reading
Japan’s cold spell has stoked LPG demand in city gas supply for heating, boosting imports until February, though this might not last until March, trade sources said. Receive daily email Continue Reading
America’s main oil-export hub sees demand picking up from China this year even as a resurgence in the coronavirus clouds the outlook for consumption in the world’s biggest importer. Texas’s Port Continue Reading
Residents of a locked-down Chinese city have raised an outcry about food and medicine shortages, spurring a rare public debate about the country’s strict epidemic controls. Citizens in Tonghua, near China’s Continue Reading
Carnival Cruise Line is canceling and delaying more U.S. trips at a time when new cases of COVID-19 are averaging about 170,000 per day in the country amid a jumbled Continue Reading
The oil industry is emerging as a primary target of President Biden’s climate policy, setting the stage for a confrontation that could shape the future of the energy sector. The president is Continue Reading
German auto giant Volkswagen AG VOW -0.06% is asking the U.S. Supreme Court to overturn a ruling that it says opens up car makers to a flood of emissions regulations from local governments that could Continue Reading
The Fact Checker has a long history of looking into puffed-up job estimates for the Keystone XL pipeline, an international energy project that stalled through the administrations of Barack Obama Continue Reading
The combined debt of North American E&P and oilfield service companies that filed for Chapter 11 bankruptcy protection last year jumped to $102 billion, surpassing the $100 billion mark for Continue Reading
President Joe Biden has vowed to replace the almost 650,000-strong federal vehicle fleet with electric cars as part of his climate agenda. “The federal government also owns an enormous fleet Continue Reading
Canadian crude oil exports transported by rail soared by 87 percent on the month in November as producers had little else to do given the now chronic shortage of pipeline Continue Reading
New York City Mayor Bill de Blasio and Comptroller Scott Stringer announced on Monday that two of the cities pension funds will divest completely from any securities “related to fossil Continue Reading
The oldest LNG export facility in the US, dormant since 2015, is a step closer to being brought back online to handle imports to power a nearby refinery. The National Continue Reading
President Joe Biden is set to order fresh action to combat climate change — with plans for blocking new oil leasing on federal land, prioritizing science in government decision-making and Continue Reading
As much as 40% of the natural gas that’s expected to be flared in the Permian Basin in 2025 could be avoided at no cost to drillers if regulators abandoned Continue Reading
Big Oil suffered a fresh setback after one of the most influential rating companies warned it may cut the credit score of Exxon Mobil Corp., Royal Dutch Shell Plc and a plethora Continue Reading
As President Biden prepares on Wednesday to open an ambitious effort to confront climate change , powerful and surprising forces are arrayed at his back. Automakers are coming to accept Continue Reading
President Biden on Wednesday plans to make tackling America’s persistent racial and economic disparities a central part of his plan to combat climate change, prioritizing environmental justice for the first Continue Reading
Ambitious climate goals and a renewed emphasis on environmental justice envisioned by the Biden administration will require a greater focus on overcoming obstacles to getting much needed transmission expansions and Continue Reading
The moratorium on new oil and gas leases on federal lands and waters that President Biden is expected to announce Jan. 27 would hurt US production and pick winners and Continue Reading
Tampa Electric saw its coal burn fall to 431,512 st in 2020, down 14.4% from the 503,880 st expected for the period and 24.3% lower than the 570,012 st burned Continue Reading
The promise from INGAA and its member companies is the latest industry pivot as Democrats take over the White House and Congress. (Bloomberg) — Major natural gas pipeline operators are Continue Reading
President Joe Biden believes the Nord Stream 2 natural gas pipeline is a “bad deal for Europe” and his administration will be reviewing restrictions on the project included in a Continue Reading
The daily number of new coronavirus infections in France stayed above 20,000 on average for the fourth straight day on Tuesday while hospitalizations reached an eight-week high of 27,041, increasing Continue Reading
The European Union has approved 2.9 billion euros in subsidies from 12 member countries for a second pan-European project to develop the electric battery industry and move away from its Continue Reading
The European Union on Tuesday stepped up pressure on pharmaceutical companies it says have hobbled coronavirus vaccine rollouts, proposing tighter export controls and threatening potential legal action after two manufacturers announced Continue Reading
The world’s biggest diesel engine factory in Tremery, eastern France, is undergoing a radical overhaul – it’s switching to make electric motors. From less than 10% of output in 2020, Continue Reading
Welcome to Wednesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day: Widespread lockdowns and slower vaccine rollout in Europe have put the Continue Reading
Crude oil futures were lower during mid-morning Asian trade Jan. 26, as pandemic-related concerns in the region negated any market upside anticipated from the curtailment of supply. At 11:18 am Continue Reading
