Larry Fink There’s now an overwhelming consensus behind zeroing-out emissions to slow down global warming. Nine of the 10 largest economies will soon align behind this goal, once President Joe Continue Reading
First shipments of three different vaccines are expected imminently, but limited supply and rising infection rates mean other new pandemic counter-measures are also needed. Nationwide oil production held at just Continue Reading
Iraq’s southern crude exports have been averaging 2.7 million b/d in February, in line with the country’s OPEC+ quota, the head of state-owned Basra Oil Co. said in an oil Continue Reading
“Come and invest into India’s energy sector”. Indian Prime Minister Narendra Modi’s words, pronounced at the inauguration of a new gas pipeline on February 17th, sent a clear message : Continue Reading
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Two years ago, a team of Finnish scientists estimated that the world needs to get 69 percent of its primary energy from solar farms in order to achieve its ambitious Continue Reading
Some communities in the Niger Delta region and others have been forced to live with the tumultuous effects of gas flaring on their health and environment. Recently, hope beckoned with Continue Reading
Venezuela is shipping jet fuel to Iran in return for vital gasoline imports for the South American nation as part of a swap deal agreed by the two state-run oil Continue Reading
As the world transitions away from fossil fuels and weens itself off emissions-heavy energy sources, one country is running against the current and right back into the arms of coal. Continue Reading
The Panama Canal Authority is considering seeking greater compensation for canceled bookings during peak seasonal demand periods, as it works to add a third daily reserved transit slot for LNG Continue Reading
Francisco Dallmeier is the head of the Center for Conservation and Sustainability of the Smithsonian Conservation Biology Institute. Cristina V. Burelli is executive director of V5 Initiative and SOSOrinoco.org. The Continue Reading
Refineries in Texas are finding a return to normal after last week’s Arctic blast and widespread power outages is a messy, stop-and-start process. At least seven of them were trying Continue Reading
China is caught up in a very delicate balance. Beijing is being forced to walk a very fine line to keep up with growing energy demand while also shoring up Continue Reading
In January of last year, employees of Novavax Inc. met at a local Maryland bar to discuss how they might salvage their careers. For decades, the small biotech had tried to develop an Continue Reading
Pfizer says it is discussing a clinical trial for a booster for new Covid-19 variants with the Food and Drug Administration, after the US regulator urged vaccine makers to prepare Continue Reading
The White House said on Tuesday that weekly shipments of coronavirus vaccines to the states would rise by one million doses to 14.5 million, as vaccine manufacturers continue to ramp up Continue Reading
The Food and Drug Administration said on Monday that vaccine developers would not need to conduct lengthy randomized controlled trials for vaccines that have been adapted to protect against concerning coronavirus Continue Reading
Surplus to five-year average will switch to deficit Prices retreat following polar vortex US natural gas stocks posted a massive draw last week, likely well north of 300 Bcf, as Continue Reading
The New York Climate Leadership and Community Protection Act’s renewable energy and other targets are among the most rigorous of any major economy in the world, according to Governor Andrew Continue Reading
The National Renewable Energy Laboratory (NREL) has released a comprehensive vision for deeply decarbonizing transportation . It is a strategy rooted in cross-cutting research and engineering to enable industry stakeholders, Continue Reading
Market analysis firm FutureBridge expects that cost-parity between Li-ion and solid-state batteries could be achieved in another five years. Solid-state batteries (SSBs) promise a leap forward, compared to incremental gains Continue Reading
A school system outside Washington is poised to become the nation’s biggest operator of electric school buses. The Board of Education in Maryland’s Montgomery County voted unanimously on Tuesday evening to Continue Reading
The first few months of Biden’s administration have made one thing clear, the EV boom is just getting started . And it may be those who are already ahead of Continue Reading
All four unaffiliated Electric Reliability Council of Texas board members on Feb. 23 notified the Public Utility Commission of Texas of their plans to resign their seats at the end Continue Reading
The Biden administration is planning a broad package of measures, including sanctions, to punish Russia over the sprawling SolarWinds espionage campaign that struck at the heart of the US government. US officials Continue Reading
European manufacturers are passing higher input costs on to their customers, sending eurozone inflation to its highest level for almost a year as shortages of materials and soaring shipping costs Continue Reading
The UK government reassured people on Tuesday they will not face major restrictions if they refuse to have a coronavirus jab with officials considering a recent Covid-19 test result as Continue Reading
Oil rose toward $63 a barrel with investment banks and traders predicting the market will tighten further and push prices higher. Futures in New York gained 1.3% on Tuesday after Continue Reading
Oil prices jumped by more than $1 on Tuesday, underpinned by optimism over COVID-19 vaccine rollouts and lower output as U.S. supplies were slow to return after a deep freeze Continue Reading
Oil surged as traders and investment banks see global supplies rapidly tightening in response to a vaccination-led recovery this summer. Futures in London jumped 3.7% on Monday, its largest daily Continue Reading
US spot natural gas prices dipped back into familiar territory in the $2 to $3/MMBtu range in Feb. 22 trading as the storm-driven supply crunch continued to ease amid rising Continue Reading
Oil prices rebounded again on Monday, with WTI shooting up more than 3% to over $61 per barrel by noon ET. Oil prices spiked to 13-month highs last week after Continue Reading
Oil surged as traders and investment banks see global supplies rapidly tightening in response to a vaccination-led recovery this summer. Futures in London jumped 3.7% on Monday, its largest daily gain Continue Reading
Goldman Sachs is now even more bullish on oil, expecting Brent Crude prices to hit $75 a barrel in the third quarter this year, on the back of faster market Continue Reading
US-produced oil will join Europe’s pricing benchmark, reflecting the changing shape of the global market more than four decades after an American company brought the first North Sea crude ashore Continue Reading
Prefer to watch a video about jet fuel demand? Find Goldman Sachs’ latest forecast here Jet fuel prices hit a 13-month high last week as oil prices rose, making airlines’ Continue Reading
A tanker sailed through Arctic sea ice in February for the first time, the latest sign of how quickly the pace of climate change is accelerating in the Earth’s northernmost regions.The Christophe de Margerie Continue Reading
A last-minute deal between Iran and the UN atomic watchdog over snap inspections has opened a narrow diplomatic window to revive the landmark nuclear treaty between international powers and Tehran. The Continue Reading
Tehran’s broad strategy regarding the U.S. is to seek to push new President Joe Biden back into a non-renegotiated nuclear deal, which favours Iran, whilst at the same time allowing Continue Reading
A major crisis was narrowly averted Sunday over Iran’s nuclear facilities and the planned booting of IAEA inspectors from key sites , scheduled according to a prior Iranian parliament decision Continue Reading
The leaders of the OPEC+ alliance, Saudi Arabia and Russia, are reportedly once again at odds over oil supply management ahead of another crucial meeting of the group next week. Continue Reading
Saudi Aramco is aiming for its hydrogen business to be “world scale” by 2030, as that is when it expects the market for the clean fuel to scale up, Ahmed Continue Reading
An Iranian government newspaper warned on Tuesday that overly radical actions in the nuclear wrangling with the West may lead to the country’s isolation after Tehran ended snap inspections by Continue Reading
Sheikh Ahmed Zaki Yamani, Saudi Arabia’s long-serving oil minister and the public face of the 1973 oil embargo that punctuated the country’s newfound role as an oil-market superpower, has died. Continue Reading
The European Union on Monday imposed sanctions on 19 more officials in Venezuela accused of undermining democracy or rights abuses in the crisis-torn South American country. EU foreign ministers targeted Continue Reading
The United States and Canada accounted for 11 percent of India’s crude oil imports in January—a record-high share of North American crude for the world’s third-largest oil importer, Reuters reported Continue Reading
The millions of people who struggled to keep warm in Texas, with blackouts crippling life inside a dominant energy hub, have laid bare the desperate state of U.S. electricity grids. To fix nationwide vulnerabilities, President Joe Biden Continue Reading
The cost of federal flood insurance will need to increase significantly in much of the country to meet the growing risks of climate change, new data suggests, creating a political Continue Reading
OPEC and its allies could find managing supply to the oil market easier this year, as U.S. shale producers are still not rushing to accelerate output at $60 oil, OPEC Continue Reading
As Electric Reliability Council of Texas real-time prices averaged less than $20/MWh Feb. 22, state officials have forestalled disconnections for nonpayment and started investigating last week’s winter storm-induced energy emergency, Continue Reading
