At a Washington Post Live virtual conference, General Motors President Mark Reuss provided more details about GM’s next-generation Ultium lithium metal battery and announced a joint development agreement with lithium Continue Reading
Russian oil producer Lukoil has warned of impending oil and gas supply shortages due to chronic underinvestment as governments and industries around the globe chase ambitious emissions-reduction targets. Fossil fuel Continue Reading
Royal Dutch Shell RDS.A -1.01% PLC has appointed Andrew Mackenzie as its new chairman, tapping a mining veteran to oversee the oil and gas giant as it navigates the transition to low-carbon energy. The Continue Reading
Crude oil futures rose during mid-morning trade in Asia March 11 as bullish US products data from the Energy Information Administration negated a large build in US crude inventories, with Continue Reading
Oil rose as the dollar declined and a fall in U.S. gasoline inventories offered a signal of recovering consumption. Futures in New York climbed above $65 a barrel, while the Continue Reading
Oil closed higher after traders assessed a U.S. government report showing the largest two-week decline in gasoline supplies on record. (Bloomberg) — Oil closed higher after traders assessed a U.S. Continue Reading
This past week the national average price for regular gasoline rose to $2.71 per gallon. That marks an increase of $0.46/gallon since the beginning of the year. On a daily Continue Reading
Some of the world’s biggest exporters in Asia are intervening to alleviate a shipping container shortage that jeopardizes their overseas trading. Government-owned Indian Railways has moved empty boxes to inland depots Continue Reading
More than 10 million people die each year from air pollution, according to a new study — far more than the estimated 2.6 million people who have died from Covid-19 since it was Continue Reading
Libya’s Parliament approved on Wednesday the first unity government of the war-torn country since 2014, potentially paving the way to more stability in oil production in the African OPEC member, Continue Reading
China is gorging on sanctioned Iranian oil — with imports forecast to more than double this month from February — as other countries hold off purchases for fear of incurring Continue Reading
Three weeks ago, in a show of both good faith and diplomatic pressure, the United States offered to rejoin nuclear talks with Iran . The double-edged overture fell flat: Iran Continue Reading
Whether the Iranian leadership thinks that new U.S. President Joe Biden is set to go easier on the Islamic Republic or on China is unclear as yet but whichever it Continue Reading
Saudi Arabia’s crude oil exports fell just slightly in February, in stark contrast to the bold voluntary production cuts that the Kingdom had offered to make, according to PetroLogistics and Continue Reading
A Federal High Court in Lagos yesterday declined to vacate its interim Mareva injunction directing 20 banks to block Shell Petroleum Development Company of Nigeria (SPDC) and its subsidiaries’ bank Continue Reading
Since the U.S. presidential election started in earnest toward the end of 2020 there has been considerable speculation regarding President Biden’s plans for crisis-torn Venezuela. President Biden has flagged that Continue Reading
Judging from recent headlines, Nigeria has unleashed one of the most spectacular legal attacks on one of its key oil and gas investors, to an extent previously unseen in the Continue Reading
Analysts are growing increasingly bullish on the electric vehicle (EV) market globally and in the world’s largest automotive market, China, amid an increased push from governments to cut emissions and Continue Reading
Rystad Energy Webinars We are adapting to the current digital workplace and hosting numerous webinars going forward, some on short notice. Follow our webinar page to make sure you don’t Continue Reading
Top U.S. and Chinese officials are set to hold talks next week in the first high-level in-person meeting between the two powers since President Biden took office, after months of Continue Reading
Highlights Gasoline stocks fall 11.87 million barrels USAC stocks hit 15-week low Crude stocks surge 13.8 million barrels US gasoline inventories moved sharply lower for a second week in the Continue Reading
The US Department of the Interior delved deeper into its review of federal minerals, a move that affects 12% of natural gas and 22% of crude production, as it develops Continue Reading
US wholesale solar power sales in 2020 increased 25% compared with 2019, reflecting the increase of solar generation that was installed during the year, according to data reported to government Continue Reading
An analysis of preliminary BLS data by the Energy Workforce and Technology Council shows a loss of 10,000-plus OFS jobs last month. Employment in the U.S. oilfield services and equipment Continue Reading
I have written on shale production in the U.S. a number of times over the past couple of years for OilPrice. My expectation that shale production would fall sharply to Continue Reading
Highlights Gasoline stocks fall 11.87 million barrels USAC stocks hit 15-week low Crude stocks surge 13.8 million barrels US gasoline inventories moved sharply lower for a second week in the Continue Reading
There is optimism for coal markets in 2021, but the extent of it remains unknown given competing factors and continued economic uncertainty, Andy Blumenfeld, heads of market analytics at IHS Continue Reading
Lloyd’s Register (LR) has awarded an Approval in Principle to EXMAR for its ammonia (NH 3 )-fueled 40,000 m 3 Midsize Gas Carrier, a significant milestone for the progression of Continue Reading
Crude oil futures fell during the mid-morning trade in Asia March 10 as bullishness over OPEC+ rolling over production quotas faded and the American Petroleum Institute reported a large build Continue Reading
Speculators have been selling oil over the past two weeks as prices continue higher and the appetite for profit-taking increases. How long it will last is anyone’s guess, but it Continue Reading
Oil reversed an earlier decline, largely undulating with the swings in the dollar before data on U.S. oil stockpiles due later. Futures in New York edged lower on Wednesday, after Continue Reading
Times are getting tougher by the day for oil tanker owners. With too many vessels to haul fuel, losses for supertankers on a benchmark Middle East-to-China route deepened to $6,779 Continue Reading
Oil pulled back from recent multi-year highs after technical indicators showed crude rallied too far too fast. (Bloomberg) — Oil pulled back from recent multi-year highs after technical indicators showed Continue Reading
The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 12.792 million barrels for the week ending March 5. Analysts had predicted an inventory build Continue Reading
In its February Short Term Energy Outlook (STEO), the EIA forecasts this month’s world oil consumption at 96.7 million barrels per day (mbpd). The oil supply, however, is much lower, Continue Reading
Oil fell to around $68 a barrel on Tuesday in a choppy session, pressured as concerns faded of a supply disruption in Saudi Arabia, which countered a pause in the Continue Reading
Times are getting tougher by the day for oil tanker owners. With too many vessels to haul fuel, losses for supertankers on a benchmark Middle East-to-China route deepened to $6,779 a Continue Reading
H2Pro, a startup founded in Israel in 2019, has raised US$22 million in a funding round from clean energy funds backed by Bill Gates, among others, in order to scale Continue Reading
Libya plans to raise its oil production to 1.45 million barrels per day (bpd) by the end of this year, from 1.3 million bpd now, Mustafa Sanalla, the chairman of Continue Reading
Libya is looking to increase its crude oil production to 1.45 million b/d by the end of 2021, the chairman of state-owned National Oil Corporation said March 9. Not registered? Continue Reading
Iraq’s February oil production, including flows from the semi-autonomous Kurdistan region, rose 1.6% month on month, the State Oil Marketing Organization said March 10, breaching the country’s OPEC+ quota. Not Continue Reading
Douglas Beaver, Chief Resilience Officer in Norfolk, Va. in the historic neighborhood of Chersterfield Heights. When it rains in Norfolk, Va., the residents of the Chesterfield Heights and Grandy Village Continue Reading
Forecast Highlights Global liquid fuels The March Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty because responses to COVID-19 continue to evolve. Reduced economic activity related to the COVID-19 Continue Reading
Tens of thousands of oil wells could be developed in Kern County, California as an ordinance which was previously denied exploration is being revised. This Monday, the Kern County Board Continue Reading
Due to plunging drilling activity amid low oil prices, U.S. crude oil production fell by nearly 1 million barrels per day (bpd) last year, registering the largest annual decline in Continue Reading
Hydrogen is increasingly being viewed as a key element to decarbonizing the most emissions-intensive industries, yet the US is falling behind the curve in growing this market compared with its Continue Reading
The US is estimated to produce 581.2 million st of coal in 2021, the Energy Information Administration said in a March 9 report, lowering its monthly estimate for the fourth Continue Reading
The US Energy Information Administration revised its crude price forecast higher in its monthly Short-Term Energy Outlook released March 9 amid tightened first quarter supply outlooks. Receive daily email alerts, Continue Reading
The gas supply shortness in the US Southwest that has been driving up prices and pulling Permian Basin volumes that would otherwise be going to Gulf Coast demand centers is Continue Reading
Weather-battered Texas is going from ice to fire as dry winds roaring out of the Great Plains stokes the risk of blazes, just weeks after a deep winter freeze. Governor Continue Reading
