Asian fuel exporters are hungrily eyeing Australia as the country’s shutdown of almost all its refineries creates a bright demand spot amid otherwise coronavirus crimped markets. China appears to be Continue Reading
Ultimately, energy independence in today’s world is an illusion in the era of globalization because the hyper-connectedness of the market makes it impossible. Still, it’s a never ending battle cry Continue Reading
Texas power retailer Griddy Energy LLC filed for bankruptcy Monday, becoming the latest casualty of the powerful cold blast and sweeping blackouts that pushed electricity prices to historic levels. The company, Continue Reading
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Last month, President Joe Biden said he planned to replace the whole federal vehicle fleet with electric cars, creating one million jobs in the process. Jobs aside, we’re talking about Continue Reading
The United States could be on the cusp of a surge in gasoline prices with the price in some U.S. states rising to as much as $4 per gallon, according Continue Reading
Airline executives said they are starting to see a path out of the coronavirus pandemic as more passengers resume travel, following a weekend when airport volumes hit their highest levels Continue Reading
The Senate confirmed Rep. Deb Haaland as President Biden’s interior secretary Monday, in a vote that for the first time will make a Native American a White House cabinet secretary. The Continue Reading
It took Google eight years to reach $10 billion in sales, the fastest ever for a U.S. startup. In the current SPAC frenzy, a spate of electric-vehicle companies planning listings are vowing Continue Reading
The United States reported a 22% decline in deaths from COVID-19 last week, while vaccinations accelerated to a record 2.4 million shots per day, according to a Reuters analysis of Continue Reading
Russia, the world’s fourth-biggest emitter of greenhouse gases, is bearing witness to one of the most obvious effects of climate change: rapidly rising temperatures in the Arctic. The region is warming more Continue Reading
EPA The World Health Organization (WHO) has urged countries not to pause Covid vaccinations, as several major EU countries halted their rollouts of the Oxford-AstraZeneca jab. It said there was Continue Reading
The UK government is unlikely to impose an “outright” ban on new exploration licenses in the North Sea basin, a person close to the matter told S&P Global Platts on Continue Reading
Sweden’s health agency said on Tuesday it was pausing vaccinations against COVID-19 using AstraZeneca’s vaccine as a precautionary measure. Germany, France and Italy said on Monday they would stop administering the Continue Reading
Latvian government health agencies on Tuesday announced a “temporary suspension” of up to two weeks of the use of AstraZeneca’s (AZN.L) COVID-19 vaccine in the country. The move is “an additional precaution” Continue Reading
Spain began the new year battling Storm Filomena, a once-in-a-generation weather event that blanketed Madrid in snow and paralyzed the economy. Health workers were stranded, supermarkets shut, and the army Continue Reading
Countries across Europe have suspended the Oxford/AstraZeneca Covid-19 vaccine over concerns the jab may cause blood clots, even though medicines regulators and the World Health Organization say there is no Continue Reading
Germany, France, Italy and Spain became the latest countries to suspend use of the vaccine even as a third wave of the pandemic threatens the continent. ROME — As a Continue Reading
Volkswagen AG VOW +14.73% said it would invest in six large battery factories and build out charging infrastructure, highlighting some global auto makers’ push to take control of battery making as electric vehicles boom. The Continue Reading
Crude oil futures rose during the mid-morning trade in Asia March 15, as the market fell back on bullish macro fundamentals amid an absence of fresh cues. At 10:21 am Continue Reading
Oil opened the week in robust form after a raft of economic data from China added to signs of recovery from the coronavirus pandemic just as the OPEC+ alliance presses Continue Reading
Optimism seems to be ruling global oil markets at the moment. Even the recent OPEC report, in which the global oil group cut its demand predictions for Q2 2021 by Continue Reading
The idea of flying on a plane fueled by cooking oil waste would have been ridiculous a decade ago. Now, this is reality. Sustainable aviation fuels, according to some, are Continue Reading
After decades of stagnation and multiple false dawns, the hydrogen economy is now ready for prime time. Investments in hydrogen technologies have skyrocketed over the past two years, with hydrogen Continue Reading
Weak or negative returns for VLCCs hauling crude from the Persian Gulf to North Asia are prompting shipowners to adopt cost-cutting measures like curtailing sailing speed and idling their ships Continue Reading
The United States is willing to sit down with Iran “tomorrow” and jointly agree to full compliance with the nuclear accord they and five other world powers signed in 2015, Continue Reading
Iran’s foreign ministry spokesman said on Monday that the United States should lift sanctions and give guarantees that mistakes made by the administration of former U.S. President Donald Trump will Continue Reading
U.S Secretary of State Antony Blinken’s comments about supporting a Yemen free from foreign influence are “positive”, Houthi official Mohammed Ali al-Houthi said on Twitter on Monday. He said the United Continue Reading
Highlights Draft budget states KRG must hand over 250,000 b/d Parliamentary vote on budget scheduled for March 15 Baghdad has blamed KRG for OPEC quota violations Dubai — Iraq has Continue Reading
The coronavirus pandemic has raised awareness among GCC countries of the importance of environmental, social and corporate governance (ESG) standards. If current trends continue, then ESG could become a valuable Continue Reading
Record-high gasoline and diesel prices stalled India’s fuel demand recovery in February, with oil consumption down by 5 percent to its lowest level since September last year, government figures showed Continue Reading
The world’s fifth-largest coal exporter, Colombia, is confident that continued coal demand in Asia will warrant Colombian government support to the industry for at least two more decades, even after Continue Reading
The Chinese capital Beijing was shrouded in thick brown dust on Monday due to strong winds blowing in from the Gobi desert and parts of northwestern China, in what the Continue Reading
Shares were mixed in Asia on Monday as China reported a variety of data that painted a complicated picture of its recovery from the pandemic. Benchmarks rose in Hong Kong Continue Reading
China appears to be becoming a major importer of Iranian oil, as Iran’s production levels look set to soar thanks to better relations with Biden’s U.S. Over the last year, Continue Reading
When Hurricane Harvey stalled over Houston and dumped about 3 feet of rain in 2017, Hewlett Packard Enterprise Co. ’s largest campus was heavily flooded. Its global data center was inundated, along with buildings Continue Reading
Weeks after General Motors pledged to work for an all-electric future, the highest-selling U.S. automaker announced this week a partnership with MIT spinoff SolidEnergy Systems to speed up the commercialization Continue Reading
Bobby Outten, a county manager in the Outer Banks, delivered two pieces of bad news at a recent public meeting. Avon, a town with a few hundred full-time residents, desperately Continue Reading
Solar power in California just had a good decade. Thanks to strong policy and, yes, good sun, solar expanded to become a significant proportion of the state’s electricity mix and Continue Reading
Fallout from last month’s deadly deep freeze in Texas has quietly spread to people living hundreds of miles away. Minnesota utilities have warned that monthly heating bills could spike by Continue Reading
Treasury Secretary Janet Yellen said U.S. inflation risks remain subdued as the Biden administration pumps $1.9 trillion in pandemic relief into the economy and a return to full employment comes Continue Reading
Carnival Corp (CCL.N) Chief Executive Arnold Donald anticipates at least two more tough years for the cruise industry, which is unlikely to return to pre-pandemic levels until at least 2023, the Continue Reading
U.K. lawmakers are considering a ban on new oil exploration licenses in the North Sea as a move away from fossil fuels, a step that could hit jobs and the Continue Reading
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AstraZeneca Plc’s vaccine, once expected to be a mainstay of protection for much of the world, remains shrouded in controversy as more countries limit its use. The company said a Continue Reading
The German Green party’s efforts to seize the chancellorship got a major boost Sunday after Angela Merkel’s Christian Democratic Union suffered a rout in regional elections. With Merkel due to step Continue Reading
As the man in charge of developing Russia’s vast Arctic north, Aleksey Chekunkov faces more climate-related challenges than most, from permafrost sink holes to the emergence of West Nile fever Continue Reading
A row has broken out between EU member states over coronavirus vaccine allocation in the latest fallout from AstraZeneca’s worsening supply shortfalls to the bloc. Leaders of a group of European Continue Reading
Oil settled near $70 a barrel on Friday, supported by production cuts by major oil producers and optimism about a demand recovery in the second half of the year. Benchmark Continue Reading
Oil in London fell for the first week in two months as signals of a patchy demand rebound across the globe and a stronger dollar held back a crude’s rally. Continue Reading
