Jeff Bezos hired Andrew Steer of the World Resources Institute to help him spend a $10-billion commitment to fight climate change by 2030. Steer, also the World Bank’s former special envoy Continue Reading
The seven-day average for new daily coronavirus cases in the United States fell below 58,000 this week for the first time since mid-October, after weeks in which a steady decline in Continue Reading
U.S. President Joe Biden has put the oil industry and oil-producing states on edge with his plans to reform oil and gas permitting and leasing practices on federal land and Continue Reading
Chevron Corp. revived aspirations to pump 1 million barrels a day in the Permian Basin after drastic budget and job cuts trimmed operating costs. Chevron plans to ramp up investment Continue Reading
Before it was pumped, leveed, and paved, south Florida looked like a network of spongy wetlands. Over the course of about a century, those damp lowlands were transformed into a Continue Reading
Germany’s official carrier Lufthansa has partnered with railway operator Deutsche Bahn to eliminate short-haul domestic flights to the airline’s Frankfurt hub and replace them with train journeys. Lufthansa already has Continue Reading
Europe’s gas grid operators are perfectly placed to kickstart a new market for decarbonized gas – apart from the small detail of regulation that prevents them controlling both supply and Continue Reading
The European Union must set a date to phase out the sale of new petrol and diesel cars so that the region meets its aim of becoming climate-neutral, according to nine Continue Reading
Crude oil futures rose during the mid-morning trade in Asia March 9, as expectations of higher oil demand amid an improved economic climate encouraged buying activity from investors, even as Continue Reading
While the unexpected rollover of the OPEC+ production cuts sent Brent Crude prices up to $70 a barrel, the highest oil prices in more than a year could dampen global Continue Reading
Oil fell the most in a week as the dollar strengthened and investors shrugged off an attack on the world’s largest crude terminal in Saudi Arabia. Global benchmark Brent futures Continue Reading
Oil prices settled lower on Monday, retreating from a session peak above $70 a barrel after attacks on oil facilities in Saudi Arabia lifted prices that high for the first Continue Reading
Three billion tons: this is how much metals and minerals the energy transition will require, according to a World Bank report . Demand for some of these, such as copper, Continue Reading
Since the vaccine-led recovery of oil prices, the energy sector has turned from the worst performer on the market to the top-performing sector, and analysts believe there is still upside Continue Reading
Here’s one more reason the world should aim to limit warming to 1.5 degrees Celsius, a goal of the international Paris Agreement: It will help keep the tropics from becoming Continue Reading
Temperatures in the Arctic Ocean, an area that has a significant influence on the world’s weather, were much warmer last month than the average for the past two decades. Northeastern Canada Continue Reading
Crude exports from Saudi Arabia’s oil terminals at Ras Tanura were proceeding normally on March 8, according to commodity data company Kpler, a day after a drone attack targeted the Continue Reading
The United States on Monday expressed alarm at “genuine security threats” to Saudi Arabia from Yemen’s Iran-aligned Houthis and elsewhere in the region after attacks on the heart of the Continue Reading
Good morning. Why has Covid’s toll been surprisingly low across much of Africa and Asia? It’s one of the biggest mysteries about Covid-19: Why has the death toll been relatively Continue Reading
China’s economic planners are used to setting ambitious targets, and its latest five-year plan running to 2025 is no exception. Here are some of the most impressive numbers outlined by the Continue Reading
Three ships carrying ethanol were heading to China from the U.S. Gulf Coast, three trade sources told Reuters on Monday, in a sign that exports of the fuel were sharply Continue Reading
Every half decade as spring is creeping into the capital, Beijing releases a new five-year plan to signal key economic policy goals. This year, the outline of the plan contains a Continue Reading
Northern Californians are taking to the open road in much greater numbers, an early signal that gasoline demand may be returning a year after the pandemic paralyzed the economy. Traffic Continue Reading
Physical oil prices in the U.S. are rebounding to levels seen before a deep freeze hit Texas last month, showing fuel-making plants are thirsty for crude again. Seven of 18 refineries Continue Reading
A highly infectious Covid-19 variant is circulating widely in Florida, prompting concern that a resurgence of the virus is possible in the state and beyond, even as cases and hospitalizations Continue Reading
For the biggest power companies in Texas, what doesn’t kill them might actually help them emerge stronger. Large players in the Texas power market such as Vistra Energy, NRG Energy NRG 4.47% and Exelon EXC 2.65% have all Continue Reading
After years of sheer dominance, signs are now emerging that the most popular EV name could be losing its sway on the markets. Morgan Stanley has just reported that Tesla Continue Reading
“I’m not going to sugarcoat how hard transitions are,” new United States Energy Secretary Jennifer Granholm stated on Wednesday. Her comment, made during IHS Markit’s annual CERAWeek conference, was in Continue Reading
The Public Utility Commission of Texas has rejected a proposal to retroactively reverse the market pricing for electricity that resulted in ERCOT overcharging the Texas electricity market by US$16 billion Continue Reading
Despite February’s deep freeze drastically reducing Midwest gas storage volumes, mild weather in March looks to flip the deficit back in line with historical norms as supply grows and regional Continue Reading
Despite the Feb. 14 winter storm’s triple-digit natural gas prices, massive gas-fired generation outages, soaring power prices and rolling blackouts in the southern Great Plains of the US, coal-fired generation Continue Reading
US federal regulators’ final environmental review released March 8 for the 800-MW Vineyard Wind offshore wind farm off the Massachusetts Coast identified a preferred project alternative that would include no Continue Reading
The U.S. Department of Energy’s Office of Fossil Energy has announced that contracts have been awarded from a recent Congressionally directed Strategic Petroleum Reserve crude oil sale. The U.S. Department Continue Reading
Just seven U.S. oil refineries out of the 18 that were down due to the Texas Freeze are operating normally as of Monday, according to Bloomberg. Those 18 refineries that Continue Reading
When shipping giant Maersk announced last month it would operate a “carbon-neutral” vessel by 2023, the Danish company committed to using a fuel that’s made from renewable sources, is free Continue Reading
Hungarians on Monday awoke to a new round of strict lockdown measures aimed at slowing a record-breaking wave of COVID-19 hospitalizations and deaths that are among the worst in the Continue Reading
Oil and other commodity trading have a much larger share in the gross domestic product (GDP) of Switzerland than its tourism sector, according to data from the Swiss State Secretariat Continue Reading
Russian gas giant Gazprom said on Monday that it had delivered the first carbon-neutral liquefied natural gas (LNG) in Europe, shipping the fuel to Shell in the UK. Gazprom delivered Continue Reading
Crude oil futures continued their price surge during the mid-morning trade in Asia March 8, as a drone attack on a Saudi oil shipping port ignited fears over disruptions in Continue Reading
Brent crude futures climbed above $70 a barrel on Monday for the first time since the COVID-19 pandemic began, while U.S. crude touched its highest in more than two years, Continue Reading
Brent oil surged above $71 a barrel after Saudi Arabia said the world’s largest crude terminal was attacked, although output appeared to be unaffected after the missiles and drones were Continue Reading
Iran has quietly moved record amounts of crude oil to top client China in recent months, while India’s state refiners have added Iranian oil to their annual import plans on Continue Reading
Saudi Arabia said some of the world’s most protected oil infrastructure came under missile and drone attack in an escalation of regional hostilities that sent crude prices surging. The attacks on Continue Reading
Saudi Arabia said its largest oil export terminal at Ras Tanura in the Persian Gulf has emerged unscathed after being targeted in a March 7 drone attack in a series Continue Reading
Saudi Arabia raised pricing for its crude for shipment to Asia and the U.S. next month after OPEC+ extended oil supply constraints, pointing to a tightening physical market. The world’s biggest crude Continue Reading
Sun-scorched expanses and steady Red Sea breezes make the northwest tip of Saudi Arabia prime real estate for what the kingdom hopes will become a global hub for green hydrogen. As Continue Reading
Africa has a solar energy potential of as much as 1,000 GW and wind potential of 110 GW, not to mention 350 GW in hydropower potential and 15 GW of Continue Reading
India’s refinery expansion plans are gaining speed after a year of subdued activity, but refiners are redrawing their strategy to ensure there is plentiful downstream integration that would provide flexibility Continue Reading
The creaming curve for lease sales in Brazil looks like it is turning towards the asymptote overall. Unfortunately there is insufficient data provided to allow land and marine leasing to Continue Reading
There has long been an association between petroleum production, political repression, poor governance, and increased internal conflict. For strife-torn oil-dependent Colombia, which is claimed to be Latin America’s longest-running democracy, Continue Reading
