The U.S. International Trade Commission is throwing a wrench into President Biden’s electric vehicle plans, restricting a major battery manufacturer from importing some of the hardware at the heart of Continue Reading
Remember the grubby flying taxi Bruce Willis drove in “The Fifth Element”? That was a very 90s view of the future. In reality, we may soon be taking up to Continue Reading
The Midcontinent led the surge in US gas prices in Feb. 11 trading as a sharp rise in heating demand met with regional production freeze-offs, significantly tightening balances across the Continue Reading
Power prices soared double digits throughout the West Feb. 11 as frigid arctic air brought winter weather warnings Receive daily email alerts, subscriber notes & personalize your experience. Register Now Continue Reading
The share of energy generated from coal has dropped more sharply during the coronavirus pandemic than that of any other power source, according to a new report on Monday that looked Continue Reading
The number of Americans seeking unemployment benefits fell slightly last week to 793,000, evidence that job cuts remain high despite a substantial decline in new confirmed viral infections. Last week’s Continue Reading
When General Motors boldly announced its goal last month to make only battery-powered vehicles by 2035, it didn’t just mark a break with more than a century of making internal Continue Reading
Chesapeake Energy Corporation (NASDAQ: CHK) has announced that it has successfully concluded its restructuring process and emerged from Chapter 11. Chesapeake Energy Corporation (NASDAQ: CHK) has announced that it has Continue Reading
Audi unveiled this week its all-electric Audi e-tron GT with a starting price of $100,000, which will go on sale in the U.S. this summer and which industry observers say Continue Reading
Anglo-Dutch supermajor Shell has reaffirmed its commitment to becoming a net-zero company by 2050, saying that its oil production peaked in 2019 and is set for a continual decline over Continue Reading
Russian Foreign Minister Sergei Lavrov has said Moscow is ready to sever ties with the European Union if the bloc hits it with painful economic sanctions, according to extracts of Continue Reading
Britain’s coronavirus-ravaged economy slumped by 9.9% in 2020, the biggest annual crash in output in more than 300 years, but it avoided heading back towards recession at the end of Continue Reading
The world’s biggest wind turbine manufacturers have committed to eliminating their net emissions of greenhouse gases, but reducing the carbon footprint of their production process may mean customers have to Continue Reading
Oil edged lower after capping the longest run of gains in two years, with one technical indicator signaling the rally may be overdone. Futures in New York have surged more than Continue Reading
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory draw of 6.6 million barrels for the week to February 5. Gasoline and middle distillate Continue Reading
Oil futures rose for an eighth straight day in New York as a decline in U.S. crude inventories further highlighted depleting global supplies. The rally of about 0.6% extended the Continue Reading
Oil prices have rallied back to the point they are almost ready to match pre-Covid levels. There are two key drivers for this miracle, which no one predicted early on Continue Reading
Brent crude could hit $70 or even $80 a barrel by the end of this year, one hedge fund manager says. It could top $100 next year, an energy analyst Continue Reading
At a time when the Covid-19 pandemic continues to decimate the global transport sector, the EV trajectory has remained incredibly bullish. S&P Global has reported that global EV sales expanded Continue Reading
In the latest sign yet that the global vaccination effort was falling way short of expectations, institutional traders are shunning gasoline futures in favor of other contracts. Forecasts that gasoline Continue Reading
With agricultural prices soaring, metal prices hitting the highest in years and oil well above $50 a barrel, JPMorgan Chase & Co. is calling it: Commodities appear to have begun Continue Reading
WTI Crude spot prices are expected to average $50.21 per barrel this year and $51.56 next year, the Energy Information Administration (EIA) said in its monthly Short-Term Energy Outlook (STEO) Continue Reading
OPEC+ will meet again on March 4, but the group will likely agree to keep the same level of oil production through April 2021, Iraqi Oil Minister Ihsan Abdul-Jabbar said Continue Reading
Highlights IEA sees US, Canada posting oil supply gains in 2021 IEA predicts oil demand to grow 5.4 mil b/d this year IEA sees ‘rapid stock draw’ in H2 London Continue Reading
Iran has carried out its plan to produce uranium metal, the U.N. atomic watchdog confirmed on Wednesday, despite Western powers having warned Iran that would breach their 2015 nuclear deal Continue Reading
It was no coincidence that just over a month after staunch U.S. ally-Israel and the United Arab Emirates declared that they would normalise relations and Israel and Bahrain did the Continue Reading
With huge national fanfare, Iran rolled out its Covid-19 vaccine campaign with a television broadcast of the health minister’s son receiving Russia’s Sputnik V jab. “My father would not have let Continue Reading
President Biden plans to nominate David Turk, a former Obama administration official, as his deputy energy secretary. If confirmed by the Senate, Turk will bring years of experience working on Continue Reading
General Motors Co on Wednesday said the global semiconductor chip shortage could shave up to $2 billion from 2021 profit, but the U.S. automaker’s highly profitable big pickups and SUVs Continue Reading
The biggest provider of oil and gas rigs to the U.S. shale patch is pushing a new pricing model as speedier drilling cuts into contractors’ revenue. Rigs are typically rented out Continue Reading
United Airlines wants to fly you to the airport. United Airlines Holdings Inc. said Wednesday that it plans to buy up to 200 flying taxis from an electric aircraft startup, Continue Reading
Total US propane product supplied reached the highest level in recorded history by gaining 714,000 b/d in the week ending Feb. 5, Energy Information Administration data showed Feb. 10. Not Continue Reading
The Trump administration deliberately harnessed racism and class animosity to push policies that caused hundreds of thousands of U.S. deaths, according to a scathing new report in the British medical journal The Lancet. Continue Reading
A coalition of Texas oil industry groups is pledging to end routine flaring of natural gas from wells and other facilities by 2030 amid signs that state regulators may crack Continue Reading
A sharp drilling slowdown in the Permian Basin last year failed to improve the shale play’s record on methane emissions, according to a report by the Environmental Defense Fund. One in 10 Continue Reading
As the world increases its Net Zero and decarbonization efforts, many Energy Transition technologies are being introduced to meet the Paris Agreement’s global temperature targets, an agreement which the U.S Continue Reading
France’s supermajor Total is warning that the world could find itself with a shortfall of supply of 10 million barrels per day (bpd) between now and 2025, due to continued Continue Reading
While BP was unveiling its strategy to reinvent itself from an international oil company to an integrated energy company in London last year, thousands of miles away Russian giant Rosneft—in Continue Reading
Energy giant Royal Dutch Shell vowed to eliminate net carbon emissions by 2050, accelerating previous targets, as oil production was set to slowly decline from its 2019 peak. The Anglo-Dutch Continue Reading
Royal Dutch Shell Plc said its carbon emissions and oil production have peaked and will decline in the coming years as the company laid out a detailed plan for its Continue Reading
Shell expects its oil production to decrease by 1%-2% annually as it prioritizes spending on transition projects in an acceleration of its strategy to achieve net zero emissions by 2050, Continue Reading
Crude oil futures were rangebound in mid-morning trade in Asia Feb. 10 as improving fundamentals for crude oil were weighed against concerns of an overheated market. At 10:34 am Singapore Continue Reading
The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 3.500 million barrels for the week ending February 5. Analysts had predicted an inventory build Continue Reading
Oil prices slipped on Wednesday, threatening to end the longest rally in two years as investors shrugged off industry data showing a fall in U.S. crude oil stocks that added Continue Reading
Crude oil futures settled at fresh 13-month highs Feb. 9 amid tightened supply outlooks. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX March Continue Reading
Oil prices rose on Tuesday for their seventh straight session of gains, touching 13-month highs as investors kept betting that fuel demand will rise while OPEC and allied producers keep Continue Reading
The average energy investor is by now well aware of the sector’s monumental shift from fossil fuels to renewable energy. Coal-powered power plants have been shuttering at an alarming clip Continue Reading
The world is moving steadily away from coal. The emissions-heavy fossil fuel is public enemy number one in many, if not most, clean energy and climate smart initiatives and campaigns, Continue Reading
The world oil markets are facing a perfect storm which eventually could lead to structural economic and geopolitical changes. While Covid-19 has decimated markets and slashed profits, climate awareness and Continue Reading
State-owned oil companies are on course to invest $400 billion in oil and gas projects that could only break even if the world exceeds the Paris Agreement targets, a think Continue Reading
