The Interior Department said Friday that it is postponing onshore and offshore oil lease sales planned for next month in line with President Joe Biden’s executive order on climate change. Continue Reading
A supertanker is loading up with diesel-type fuel at a key European import hub for the petroleum product, a telling indicator of the region’s supply glut. The Silverstone, a so-called very Continue Reading
A turboprop design is gaining momentum within Airbus SE as the solution to its challenge of developing a hydrogen jet by 2035, according to people familiar with the matter. The propeller Continue Reading
The British economy suffered its biggest decline in more than 300 years in 2020 as the coronavirus pandemic closed shops and restaurants, devastated the travel industry and curtailed manufacturing. The Continue Reading
Rosneft reported a 79-percent drop in 2020 net profits to $2.2 billion (147 billion rubles), with its fourth-quarter result hitting a record high after a loss in the third quarter. Continue Reading
Russia’s gas giant Gazprom plans to commission the controversial natural gas pipeline Nord Stream 2 this year, Russian news agency TASS reported on Thursday, quoting a presentation of a Gazprom Continue Reading
The European Union has pledged to block or limit funds from the region’s Eur672.5 billion ($814 billion) COVID-19 recovery package going to fund upgrade programs for fossil-fuel-powered vehicles and power Continue Reading
After 2 years of research and confidential preparation, a group of 30 European energy players has launched HyDeal Ambition with the aim of delivering 100% green hydrogen across Europe at Continue Reading
Oil slipped below $58 a barrel as a recent rally fizzled with the Covid-19 pandemic continuing to weigh on the demand outlook and as one technical indicator signaled prices may Continue Reading
Oil prices dropped for a second day on Friday, pulling further back from a one-year high after OPEC again lowered its demand forecast and the International Energy Agency said the Continue Reading
