Libya’s strongman in the east, General Khalifa Haftar, is selling through illegal corporations oil pumped in areas in eastern Libya under the control of his forces, Turkish media reported on Continue Reading
American oil exports from Louisiana’s offshore supertanker port jumped to a record in January as Asian buyers are stocking up U.S. crude for a post-pandemic rebound in fuel consumption. Eight Continue Reading
Automakers have abandoned their legal fight for a Trump-era rule blocking California from setting emissions standards as the industry pushes President Joe Biden to accept a compromise with weaker fuel Continue Reading
China was likely the only major economy that grew last year after swiftly containing the coronavirus. It’s also the only major economy that saw carbon emissions rise. In December, emissions surpassed Continue Reading
China completed construction of its largest carbon capture and storage plant as the country continues to develop technologies necessary to meeting its climate goals. China Energy Investment Corp. finished production Continue Reading
China is expected to add 140 gigawatts (GW) of renewable energy power generation this year as its electricity consumption continues to grow, according to forecasts from the China Electricity Council Continue Reading
General Motors’ announcement last week that it will stop making gas-powered cars, trucks and sport utility vehicles by 2035 and become carbon neutral by 2040 is even bolder than it Continue Reading
ExxonMobil ( NYSE: XOM ) booked its first annual loss since the 1999 merger of Exxon and Mobil, and the first annual loss in at least 40 years after the Continue Reading
US natural gas in storage likely plummeted by the largest volume of the season in the week ended Jan. 29 as a cold front increased the draw on stock significantly Continue Reading
ExxonMobil expects 2021 capital expenditures to decline 11-25% from 2020 levels as the company focuses on projects with lower breakevens amid an uncertain price environment, company executives said during a Continue Reading
