Texas Governor Greg Abbot has ordered all sourced natural gas in Texas be made available to local power generators before leaving the state, according to an official correspondence sent by Continue Reading
Torc Robotics has selected Amazon Web Services (AWS), Inc. as its preferred cloud provider to handle the scale and speed needed for data transfer, storage, and compute capacity as the Continue Reading
Several U.S. Representatives on Wednesday raised pressure on the State Department to share plans on potential sanctions on the Nord Stream 2 natural gas pipeline Russia is racing to finish Continue Reading
Ford is vowing to convert its entire passenger vehicle lineup in Europe to electric power by 2030 in just the latest sign of the seismic technological changes sweeping the auto Continue Reading
In early 2021 Russia secured an increase to its oil output quota under the OPEC+ agreement for February and March, the latest sign that Russia’s comparatively strong economic position is Continue Reading
Highlights Pipelaying work for 55 Bcm/year line continues Uncertain timeline for completing Nord Stream 2 Signs of detente between Washington, Berlin London — The US remains on standby to impose Continue Reading
Oil prices advanced further on Wednesday, underpinned by major supply disruption in the south of the United States this week, caused by a historic winter storm in Texas. U.S. West Continue Reading
Oil held above $60 a barrel in New York while gasoline futures surged as a deepening energy crisis in the U.S. crippled the petroleum industry. U.S. benchmark crude rose from Continue Reading
A polar blast in the central U.S. has pushed natural gas prices at one trading hub up 24,000% from a week ago. Supply for next-day delivery at the Oneok Gas Continue Reading
Oil prices settled near 13-month highs on Tuesday, supported by a deep freeze in the U.S. South that shut wells and oil refineries in Texas. Prices have been buoyant for Continue Reading
On a day when one of our preferred stocks, Exxon, has hit the highest price since last June following an upgrade from Credit Suisse which upped its price target for Continue Reading
Commodities have rallied in recent months, outperforming equity indexes amid expectations of an economic recovery, easy monetary policy, and rising inflation. The commodity bull run across the board—spearheaded by a Continue Reading
While analysts and industry officials hail the tightening of the oil market and the rebalancing of supply and demand, the huge build of global stocks last year poses the question Continue Reading
The makers of COVID-19 vaccines are figuring out how to tweak their recipes against worrisome virus mutations — and regulators are looking to flu as a blueprint if and when Continue Reading
Iran has told the U.N. nuclear watchdog it will dramatically scale back cooperation with it in a week, a report by the agency to its member states showed on Tuesday, Continue Reading
Iran has warned it would tear up much of the international monitoring of its nuclear activities next week if the U.S. doesn’t lift economic sanctions, in a fresh bid to pressure Continue Reading
Fluttering flags and ornamental lights in red, white and green went up on buildings and lampposts around the Libyan capital, Tripoli, this month to mark the 10th anniversary of the Continue Reading
Oil products stockpiles at the Port of Fujairah dropped to the lowest level of 2021, with exports of fuel oil setting a record high. Receive daily email alerts, subscriber notes Continue Reading
Spurred by the accelerating global energy transition, Saudi Arabia may soon sell more shares of its flagship oil company to finance projects aimed at diversifying its hydrocarbon-reliant economy. The plan Continue Reading
More than half of South Africans are likely to have been infected with Covid-19, the chief executive officer of the country’s biggest health insurer said. While about 48,000 deaths have been Continue Reading
A toxic-dust cocktail that has engulfed large swathes of India since October isn’t expected to lift until next month, prolonging the exposure of people to emissions that can dramatically reduce Continue Reading
Tesla will set up a car manufacturing unit in India, the chief minister of the state of Karnataka has said , as the U.S. electric vehicle maker aims to enter Continue Reading
Fracking in America’s biggest shale basins has gone dark as 70% of U.S. completion crews wait for an historic freeze to thaw out before they can return to work. Texas’s Permian Continue Reading
Olin: FM declared Feb. 16 on US chlorine, caustic soda, ethylene dichloride, epoxy, hydrochloric acid and other products produced at its Freeport, Texas, complex. OxyChem: FM declared Feb. 15 on Continue Reading
Most of the projected 3 million b/d-4 million b/d of downed US crude oil production, which went offline after power failed and wellheads froze from brutally low temperatures and ice Continue Reading
Occidental Petroleum Corp., the second-largest oil producer in the Permian Basin of West Texas and New Mexico, told buyers it will be forced to curtail deliveries due to complications from Continue Reading
The pace of Covid-19 deaths will drop sharply in the next four weeks, according to a new forecast that shows a brutal wave of cases ebbing and the U.S. plodding Continue Reading
The Biden administration is reviewing U.S. policy toward a pipeline designed to carry Russian natural gas to Germany beneath the Baltic Sea, under new pressure after construction on the $11 Continue Reading
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US crude inventories likely continued to fall in the week ended Feb. 12, as refinery runs were stable while crude exports climbed, analysts surveyed by S&P Global Platts said Feb. Continue Reading
The pace of Covid-19 deaths will drop sharply in the next four weeks, according to a new forecast that shows a brutal wave of cases ebbing and the U.S. plodding Continue Reading
President Joe Biden plans to shift U.S. relations with Saudi Arabia and will conduct diplomacy through Saudi King Salman bin Abdulaziz rather than his powerful son, Crown Prince Mohammed bin Continue Reading
Heating U.K. homes with just hydrogen could be mainstream in a few decades as the government expect technology costs to plunge just like they have for wind energy. To accelerate the Continue Reading
Brussels is set to announce plans to plough millions of euros into research on new coronavirus variants as it seeks to step up its response to the rapidly evolving pandemic. Ursula Continue Reading
Renewable energy assets are in a bubble that has led to a string of deals with “crazy” valuations, according to the chief executive of Total, one of the world’s biggest Continue Reading
Crude oil futures were slightly higher during mid-morning trade in Asia Feb. 16, extending overnight gains, as the ongoing Arctic blast across North America caused supply disruptions, propelling demand for Continue Reading
Oil held gains in New York after rising above $60 a barrel for the first time in a year as a deepening energy crisis in the U.S. disrupted crude production and Continue Reading
Oil prices hovered near 13-month highs on Tuesday on the back of a cold snap shutting wells in Texas, the biggest crude producing state in the United States, while a Continue Reading
Frigid temperatures across swaths of the U.S. injected new momentum into the rally in energy markets Monday, boosting demand for fuel and power while threatening oil-and-gas production in Texas. Brent-crude futures, Continue Reading
The Covid-19 pandemic has ravaged energy markets and decimated demand. Of the three fossil fuels, coal, natural gas, and oil, demand for the latter was affected most due to its Continue Reading
The World Trade Organization’s incoming chief on Monday warned against “vaccine nationalism’ that would slow progress in ending the COVID-19 pandemic and could erode economic growth for all countries – Continue Reading
When the International Maritime Organisation announced plans to significantly reduce the amount of sulfur ships were allowed to emit, the industry adjusted relatively quickly. After all, it was all about Continue Reading
Companies including the venture arms of BP Plc and Chevron Corp. invested $40 million in a startup that aims to use the fossil fuel industry’s drilling experience to expand a technology that harvests Continue Reading
The world is on the brink of what may turn out to be its most important energy experiment. If proposals to build a new industry producing so-called green hydrogen succeed, we may have Continue Reading
The makers of COVID-19 vaccines are figuring out how to tweak their recipes against worrisome virus mutations — and regulators are looking to flu as a blueprint if and when Continue Reading
Caution has given way to the overly optimistic sentiment of late 2020, with most energy agencies cutting their estimates of 2021 crude demand. According to an industry consensus, global crude Continue Reading
The OPEC Monthly Oil Market Report for January 2020 was published this past week. The last month reported in each of the charts that follow is January 2021 and output Continue Reading
A rocket attack on U.S.-led forces in northern Iraq on Monday killed a civilian contractor and injured a U.S. service member, the U.S. coalition in Iraq said, in the deadliest Continue Reading
Iran said an attempt by the U.S. government to seize 2 million barrels of oil aboard a Greek-owned tanker was “an act of piracy,” as tensions between Washington and the Continue Reading
With an estimated investment of $15billion, the Dangote Refinery and Petrochemical complex under construction in the Lekki Free Trade Zone, Lagos, is expected to be Africa’s biggest oil refinery upon Continue Reading
