The Food and Drug Administration said it will propose guidelines on how manufacturers of coronavirus vaccines, therapeutics and diagnostic tests should deal with new variants of the virus. Janet Woodcock, Continue Reading
Johnson & Johnson JNJ 0.93% asked U.S. regulators on Thursday to authorize the emergency use of its Covid-19 vaccine, setting the stage for a potential third vaccine to become available in the U.S. Continue Reading
A global semiconductor shortage is expected to slash Ford F 1.52% Motor Co.’s vehicle output by up to 20% in the first quarter of this year, illustrating how deeply the fallout from the computer-chip crunch has Continue Reading
Kia Corp. 000270 3.47% has approached potential partners about a plan to assemble Apple Inc.’s long-awaited electric car in Georgia, according to people familiar with the matter. The proposal would involve a multibillion-dollar investment, Continue Reading
Rallying oil prices are testing once again the U.S. shale patch’s resolve to spend within their means and prioritize profitability over production growth. U.S oil prices above $55 a barrel Continue Reading
Alberta, Canada’s oil heartland, may seek compensation from the United States after newly inaugurated President Joe Biden moved to nix the Keystone XL Pipeline, Bloomberg said on Thursday . Alberta Continue Reading
In 2020, a total of 134.5 GWh of passenger EV battery capacity was deployed globally into newly sold passenger BEVs, PHEVs and HEVs, an increase of 39.6% over the year Continue Reading
Denmark has agreed to build an island in the North Sea that would gather and distribute electricity from wind energy farms. The 210-billion kroner ($34 billion) artificial island will be Continue Reading
The eurozone’s economy is diverging sharply from the U.S. and China, as stubbornly high coronavirus infections, extensive Covid-19 restrictions and a painfully slow vaccine rollout delay Europe’s recovery from last Continue Reading
Britain is on a pace to give the first shot of a two-dose coronavirus vaccine to its entire population by the end of June, if it can avoid supply and Continue Reading
It should have been Europe’s finest hour. Battered by multiple waves of Covid-19, lockdowns and recession, the European Union had found a noble way to prove its raison d’être: by Continue Reading
Royal Dutch Shell expects global oil demand to return to some sort of normalcy next year, chief executive Ben van Beurden said on Thursday as the supermajor reported another set Continue Reading
BRUSSELS (Reuters) – In a meeting last week in the Europa building in Brussels, home of the European Union’s political leadership, diplomats for the 27 member states were desperate. FILE Continue Reading
As the U.K. prepares to host the next round of major global climate talks in November, Prime Minister Boris Johnson’s government has adopted the most ambitious emissions-reduction goal among large Continue Reading
A European consortium consisting of 25 organizations in the hydrogen sector has formed to define, develop and test the first European standard for fuel-cell modules for heavy-duty applications. The consortium—“ Continue Reading
Crude oil futures rose during mid-morning trade in Asia Feb. 4, as the US Energy Information Administration reported a draw in crude inventories and as the OPEC+ meeting concluded with Continue Reading
Oil rose for a fourth day after OPEC and its allies pledged to rapidly clear the global surplus built up during the Covid-19 pandemic. Futures in New York climbed above $56 Continue Reading
Crude oil futures again settled near one-year highs Feb. 3 on the back of falling US inventories and improved demand outlooks. Not registered? NYMEX March WTI settled 93 cents higher Continue Reading
Oil climbed to the highest in more than a year in New York as OPEC and its allies pledged to continue whittling down global inventories. Futures in New York surged Continue Reading
Oil prices rose almost 2% on Wednesday, with U.S. crude reaching its highest settlement level in a year after stockpiles fell to their lowest levels since March. U.S. West Texas Continue Reading
Crude oil prices fell slightly today after the Energy Information Administration reported a crude oil inventory draw of 1 million barrels for the last week of January. Fuel inventories were Continue Reading
Big Oil recorded one of its worst years in history because of the coronavirus pandemic that pushed their financial results deep into negative territory. Earlier this week, BP reported a Continue Reading
Passenger air traffic plummeted 66% year on year in 2020 and the near-term outlook is one of continuing stagnation, the International Air Transport Association said Feb. 3. Receive daily email Continue Reading
About a week ago, alternative energy plays scored crucial wins seemingly at the expense of the oil and gas sector after President Biden ramped-up his radical climate agenda by announcing Continue Reading
First things first: electric vehicles are greener than conventional gas- and diesel-powered internal combustion engines no matter how you slice it. Even if 100 percent of your EV’s energy comes Continue Reading
Despite the Covid-19 pandemic, the world’s installed offshore wind capacity rose by 15% in 2020, reaching 31.9 gigawatts (GW) at year-end, from 27.7 GW at the end of 2019, Rystad Continue Reading
Iraq’s nationwide oil exports declined slightly from 3.304 million barrels per day (bpd) in December to 3.266 million bpd in January, according to an Iraq Oil Report analysis of data Continue Reading
The journey to net-zero emissions will have a cost for everyone, and policymakers should clearly explain this to consumers, Total’s chairman and CEO Patrick Pouyanné told CNBC ’s Steve Sedgwick Continue Reading
The Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ group wrapped up their monthly meeting on Wednesday in record time and, as widely expected, did not make any recommendation about Continue Reading
Iraq produced 3.807 million b/d of crude in January, including from the semi-autonomous Kurdistan region, the country’s State Oil Marketing Organization said Feb. 3, as it took criticism from an Continue Reading
With Brent prices within spitting distance of $60/b and Saudi Arabia shouldering an extra load of production cuts, OPEC+ ministers concluded a speedy monitoring committee meeting Feb. 3 with an Continue Reading
A Nigerian judge issued an arrest warrant for the managing director of Exxon Mobil Corp’s local unit for failing to appear before the nation’s anti-graft agency investigating what it says is Continue Reading
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said asking the oil companies operating in the country to relocate to the Niger Delta without first addressing the Continue Reading
Climate change is bringing rising sea levels and increased flooding to some cities around the world and drought and water shortages to others. For the 11 million inhabitants of Chennai, Continue Reading
The oil production decline that the Covid-19 pandemic brought to Argentina’s Vaca Muerta formation now seems like a distant memory. The reserve’s oil output has not only rebounded to pre-pandemic Continue Reading
A new monthly record was set in January for LNG tanker transits of the Panama Canal, as US shipments to Asia surged, according to the operator of the Canal. Receive Continue Reading
Fracking activity in Vaca Muerta, Argentina shot up in January to its highest level in 17 months, according to data released Feb. 3, as demand recovers from an eight-month lockdown Continue Reading
Crude oil inventories in China have accelerated their decline in recent weeks, Bloomberg reported on Wednesday, quoting data analytics company Kayrros. At this time last year, Chinese stocks stood at Continue Reading
The EV unit of property giant China Evergrande said on Wednesday that it had started trial production of electric vehicles and showed photos and videos of SUVs on a winter Continue Reading
China’s independent refineries imported 18.16 million mt, or 4.3 million b/d, of crude and bitumen in January, a 35.1% on the month jump, as these privately-held companies started to actively Continue Reading
For all the talk of workers fleeing pricey coastal cities such as New York and San Francisco, one of the most troubled spots in the U.S. commercial real estate market Continue Reading
The Detroit auto maker had previously signaled the chip shortfall could impact its operations, telling suppliers late last year that they should stockpile semiconductors. But as of January, production hadn’t Continue Reading
General Motors has ordered a shutdown at three plants and slowed production at a fourth as it grapples with a global shortage of semiconductors. The Detroit carmaker said that its 2021 Continue Reading
The groundhog might have seen his shadow, but the upcoming blast of cold will have him scurrying to his burrow. Frigid air straight from the Arctic is set to the northern Continue Reading
Annual Energy Outlook 2021 The Annual Energy Outlook presents an assessment by the U.S. Energy Information Administration of the outlook for energy markets through 2050. The Annual Energy Outlook narrative 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
Crude oil exports from the only deep-water port in the United States, Louisiana Offshore Oil Port, doubled in January from December to a record high, driven by robust demand from Continue Reading
US gasoline consumption will peak by 2023 in the aftermath of the coronavirus pandemic as increased fuel efficiency and electric vehicle sales take hold, but domestic crude oil production will Continue Reading
Northern Appalachia coal production tumbled to 77.95 million st in 2020, down 26.7% from 106.38 million st produced in 2019 and the lowest on record, dating back to 1984, data Continue Reading
Elk and pronghorn antelope migrate each fall through southern Wyoming, where the sparsely vegetated landscape slowly gives way to the foothills of the Rocky Mountains. Interrupting this serene vista is Continue Reading
