Highlights 574 MW gas-fired power plant being phased out Saudi Aramco, SABIC, Maaden could get involved ‘Various scenarios’ of 15-30 GW of installed renewables capacity Dubai — Saudi Arabia’s future Continue Reading
India’s energy demands will increase more than those of any other country over the next two decades, underlining the country’s importance to global efforts to combat climate change, according to Continue Reading
Venezuela has jailed for five years two former managers at its state oil firm PDVSA for providing sensitive data about Venezuelan oil operations to the United States, Venezuela’s attorney general Continue Reading
In December 2020, reports emerged that Tesla would send delegations to Indonesia in January to discuss potential investment in a supply chain for its electric vehicles. On February 4, the Continue Reading
The United States reported a 25% drop in new cases of COVID-19 to about 825,000 last week, the biggest fall since the pandemic started, although health officials said they were Continue Reading
With millions being vaccinated against Covid-19 every day, some political and business leaders are suggesting nations can help get life back to normal by rolling out a so-called vaccine passport: an easily Continue Reading
Federal officials are considering whether to require airline passengers to have a negative coronavirus test before boarding domestic flights, according to Transportation Secretary Pete Buttigieg. Proof of a negative test result is Continue Reading
While oil and gas will certainly be needed for decades to come, the oil and gas division may not be Chevron’s top business in 20 years, although it will still Continue Reading
French economic activity is running at 5% below pre-crisis levels as the government holds off from imposing a full Covid-19 lockdown beyond the current curfew and closures in some sectors, the Bank of Continue Reading
British Airways is partnering with LanzaJet for sustainable aviation fuel as part of the carrier’s plans to decarbonize by 2050, amid rising pressure on the aviation industry to cut emissions. The Continue Reading
Amazon (NASDAQ: AMZN) has reached a deal for its largest renewable energy project yet—one that will allow it to purchase 380 MW of wind energy. Hollandse Kust Noord—a wind farm Continue Reading
Crude oil futures surged during mid-morning trade in Asia Feb. 8, as strong demand from China continued to lift sentiment, while stimulus expectations provided some tailwind to the market.At 10:50 Continue Reading
A booming rally in oil markets has pushed crude prices to their highest levels since near the start of the coronavirus pandemic, powered by production curbs and recovering demand. Brent-crude futures, Continue Reading
Oil prices rose on Monday to their highest in just over a year, with Brent futures nudging past $60 a barrel, boosted by supply cuts among key producers and hopes Continue Reading
One year after the first glimmers of the catastrophe awaiting global oil markets — from deserted Chinese cities to grounded jets — crude is staging a remarkable turnaround. The crisis triggered Continue Reading
The world’s largest independent oil trader, Vitol SA, joined rival Gunvor Group Ltd. in expressing caution about the recent surge in crude prices. “The market is getting ahead of itself in terms Continue Reading
Vaccination drives hold out the promise of curbing Covid-19, but governments and businesses are increasingly accepting what epidemiologists have long warned: The pathogen will circulate for years, or even decades, Continue Reading
Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’ ability to ramp up production. Such limitations on supply would Continue Reading
U.S. oil and gas stocks, by far the worst performers last year, are standing out as the best in 2021 — a turnaround that might seem a bit surprising given Continue Reading
The oil market could absorb more crude oil from Iran if US sanctions are eased, according to Iran’s governor to OPEC. Receive daily email alerts, subscriber notes & personalize your Continue Reading
President Biden said the U.S. won’t make the first move to restart negotiations with Tehran over the 2015 nuclear accord, indicating he would only lift sanctions if Iran stops enriching Continue Reading
Iran’s Supreme Leader Ayatollah Ali Khamenei said on Sunday that Tehran’s “final and irreversible” decision was to return to compliance with the 2015 nuclear deal only if Washington lifts sanctions Continue Reading
Iran’s natural gas production has reached a record high even as US sanctions caused major international exploration companies to scale back their activities in the Islamic Republic. Receive daily email Continue Reading
Iran’s Supreme Leader Ayatollah Ali Khamenei said on Sunday that the United States should lift all sanctions if Washington wants Tehran to reverse its nuclear steps. “Iran has fulfilled all Continue Reading
South Africa will suspend use of AstraZeneca’s COVID-19 shot in its vaccination programme after data showed it gave minimal protection against mild to moderate infection caused by the country’s dominant Continue Reading
China’s aluminium sector must shut dedicated power capacity equivalent to more than Germany’s entire coal fleet over the next decade to keep Beijing on track to meet its carbon pledges, Continue Reading
Rescuers were looking for an estimated 170 people missing in the Indian Himalayas on Monday, including some trapped in a tunnel, after a part of a glacier broke away, sending Continue Reading
Latin America just seems to be unable to synchronize its long-mooted upswing with global energy trends. Venezuela boasts the largest reserves on earth yet just as it starts to recover Continue Reading
Harsh U.S. sanctions, a crumbling economy, and near collapsed petroleum industry have done little, if anything, to loosen President Maduro’s grip on power in Venezuela. It appears that one of Continue Reading
Chinese President Xi Jinping meets then-Vice President Joe Biden in Beijing in 2013. President Biden said that he would not handle relations between the United States and China “the way Continue Reading
China reported no new locally transmitted mainland COVID-19 case for the first time in nearly two months, official data showed on Monday, adding to signs that it has managed to Continue Reading
Treasury Secretary Janet Yellen said Sunday the country was still in a “deep hole” with millions of lost jobs but that President Joe Biden’s $1.9 trillion relief plan could generate Continue Reading
A more contagious variant of the coronavirus first found in Britain is spreading rapidly in the United States, doubling roughly every 10 days, according to a new study . Analyzing Continue Reading
In late 2019, as various candidates jockeyed to win the Democratic nomination for president, Elizabeth Warren made the statement that she would “ban fracking everywhere.” It was just the kind Continue Reading
Since the onset of the pandemic, millions of Americans have been struggling with paying rent and utility bills, putting a strain on power utilities’ revenues and raising the question about Continue Reading
US President Joe Biden’s moratorium on drilling on federal lands has prompted lawmakers within his own party to warn that the policy threatens jobs and local budgets in states dependent Continue Reading
Electrify America, the nation’s largest public ultra-fast charging network, has added 30 solar-powered electric vehicle (EV) charging stations with two Level 2 chargers each to its network in the state Continue Reading
Developers of offshore wind farms, long awaiting their moment in the U.S., are pushing the Biden administration to cut through red tape that has for years stymied the industry’s domestic Continue Reading
The extreme weather has led to major travel disruption, as here in Haarle in the Netherlands The Netherlands has been hit by its first major snowstorm in a decade, forecasters Continue Reading
The European Commission has approved , under EU State aid rules, a second Important Project of Common European Interest (IPCEI) to support research and innovation in the battery value chain. Continue Reading
France reported a fall in new COVID-19 infections on Sunday for the fourth successive day. Health ministry data showed there had been 19,175 new confirmed COVID-19 infections in the past Continue Reading
Industrial production in Germany, Europe’s biggest economy, stagnated in December after seven consecutive months of gains, official data showed Monday. The figure from the Economy Ministry followed data on Friday Continue Reading
Mercedes-Benz will earn as much from electric cars as its luxury combustion engine models by the end of this decade, its chief executive said, becoming the first premium German automaker Continue Reading
Oil set a fresh one-year high in New York with continued producer supply curbs helping spur strength everywhere from physical markets to the futures curve. Futures gained 1.1% in New Continue Reading
Crude futures settled higher Feb. 5 amid tightened supply outlooks, demand optimism and a weaker US dollar. NYMEX March WTI settled up 62 cents at $56.85/b and ICE April Brent Continue Reading
Oil prices rose about 1% on Friday, after hitting their highest in a year and closing in on $60 a barrel, supported by economic revival hopes and supply curbs by Continue Reading
Even as Baker Hughes reported a rise in the number of active drilling rigs in the United States on Friday, oil prices continued to see gains on Friday afternoon. At Continue Reading
Look at the economy and there’s grounds for concern, particularly after Friday’s hiring report. But the picture in bonds, stocks and commodities is fast becoming one of near-unanimous optimism, as investors Continue Reading
A key complicating factor in the ‘if and when’ conjecture over the U.S. and Iran re-opening talks on the Join Comprehensive Plan of Action (JCPOA) in light of the new Continue Reading
The United States said on Friday it intends to revoke the terrorist designation for Yemen’s Houthi movement in response to the country’s humanitarian crisis, reversing one of the most criticised Continue Reading
