About once a month, the same group of two dozen Japanese government officials, company executives and professors file into a bland white and beige conference room at the nation’s economy, trade and Continue Reading
Two fishing villages in Hokkaido are vying to host the final storage facility for half a century of Japanese nuclear waste, splitting communities between those seeking investment to stop the Continue Reading
Slowing global warming comes down to cutting emissions of heat-trapping greenhouse gases. There are different ways to get there, but a country’s policies flow from that top-level target. China, the Continue Reading
After Chinese leader Xi Jinping ordered rural poverty eliminated by 2020, bureaucrats in the southwestern city of Mianyang got busy—with paperwork. Instructed to devote 70% of their time to the campaign, Continue Reading
China’s crude imports gained 5.8% on the year to 11.13 million b/d in January-February 2021, rebounding from the 27-month low of 9.1 million b/d recorded in December, General Administration of Continue Reading
China’s natural gas imports, including piped gas and LNG, jumped 17.4% on the year over January-February, up from a growth of 2.8% a year earlier, driven by higher-than-expected domestic consumption Continue Reading
Japan’s COVID-19 inoculation campaign is moving at a glacial pace, hampered by a lack of supply and a shortage of specialty syringes that underscore the enormous challenge it faces in Continue Reading
Sustainable aviation fuel has been slow to take off in Asia but the increased thrust on carbon emissions, a need to maintain reputational goodwill along with ready feedstock availability will Continue Reading
Evolutionary biologist Jesse Bloom knew it was only a matter of time: The coronavirus would turn into an even more formidable foe, able to dodge the disease-fighting antibodies that protect people Continue Reading
During President Biden’s first formal meeting with the nation’s labor leaders, Mark McManus played the skunk at the garden party: Joking that he “drew the short straw,” the president of Continue Reading
For carbon-free hydrogen to play a significant role in decarbonization, it will need to be produced in large quantities at low cost to compete with hydrocarbons. In a future power Continue Reading
Last week, several Big Oil companies executives met at CERAWeek by IHS Markit energy conference to discuss, among other things, Strategies for the Energy Transition, Climate & ESG. An overriding Continue Reading
Refiners and integrated oil firms continue to struggle with low refining margins, as a part of global oil demand—jet fuel consumption—is still enormously depressed by international travel restrictions. Margins for Continue Reading
While 2020 was the year electric vehicles went mainstream, 2021 has revealed a gaping flaw in the EV boom. Demand for the new technology has skyrocketed, both in the United Continue Reading
The Government of Canada plans to provide C$2.75 billion (US$2.17 billion) in funding over five years, starting in 2021, to enhance public transit systems and switch them to cleaner electrical Continue Reading
The U.S. Department of Energy sold crude oil from the Strategic Petroleum Reserve to a foreign government for the first time, according to the agency. The government of Australia and Continue Reading
Car dealer Brad Sowers is spending money to prepare for the coming wave of new electric models from General Motors Co. He is installing charging stations, upgrading service bays and Continue Reading
Russian intelligence agencies have mounted a campaign to undermine confidence in Pfizer Inc.’s and other Western vaccines, using online publications that in recent months have questioned the vaccines’ development and safety, U.S. officials Continue Reading
The EU should promote the use of green hydrogen and ammonia by ships as part of its upcoming maritime fuel law, major shipping industry players and environmentalists have told the Continue Reading
Brent is now flirting with the $70 mark after OPEC+ shocked markets once again by refusing to bring more oil production online. Oil skyrocketed on Thursday after OPEC+ decided to Continue Reading
Oil rallied to the highest in nearly two years in New York after OPEC+ shocked markets with a decision to keep supply limited as the global economy starts to recover Continue Reading
Oil rallied to the highest in nearly two years in New York after OPEC+ shocked markets with a decision to keep supply limited as the global economy starts to recover Continue Reading
Iran would be ready to resume talks on the nuclear deal with the US and other western powers if they provide a “clear signal” that sanctions will be lifted within Continue Reading
Oil tanker owners and shipbrokers are set to suffer longer than expected from the massive OPEC+ production cuts after the coalition surprised the oil and tanker markets on Thursday by Continue Reading
The world’s third-largest oil importer, India, is concerned that Thursday’s OPEC+ decision not to lift oil production in April could hurt the consumption-led recovery in oil demand, Indian Petroleum Minister Continue Reading
Freight premiums for Aframax and Suezmax tankers loading from Libya have subsided as the North African producer has once again emerged as the main export hub in the Mediterranean crude Continue Reading
There are many ways the Iraqi government could deliver 24 hours of electricity service per day – but none without a financial or political cost. In a wide-ranging interview with Continue Reading
Korea-based SK Group will invest about 18 trillion won (US$16.4 billion) over the next five years to create a domestic hydrogen ecosystem—production, distribution, and consumption—through creation of domestic hydrogen infrastructure Continue Reading
The havoc that the pandemic is wreaking in Brazil and Mexico is cooling demand for gasoline and diesel in two top markets for U.S. oil refiners. Gasoline consumption in Mexico, Continue Reading
U.S. employers added more jobs than forecast in February and the unemployment rate declined, suggesting the labor market is clawing its way forward again following several disappointing months. Payrolls increased 379,000 Continue Reading
The hired hands of America’s oil patch have now lost all the job gains they made during a brief recovery last year, according to a trade group. The companies that Continue Reading
Five gasoline tankers that were enroute to the U.S. East Coast diverted to the Port of Houston to help ease a supply crunch after last month’s freeze crippled the region’s Continue Reading
Texas regulators declined to rescind $16 billion in alleged overcharges for electricity during last month’s blackouts, leaving the state’s power market facing a potential financial crisis. Decisions were made about Continue Reading
Texas fuel makers are racing to restore operations knocked out by mid-February’s brutal winter storm, but they’re also casting a wary eye on improvements in the market and may be reluctant Continue Reading
The American Petroleum Institute is debating whether to support a price on carbon. It’s not every day that a top lobbying group contemplates taxing itself. That’s big news, and it’s tempting Continue Reading
Driven by unexpectedly large job gains at the nation’s restaurants and bars, the labor market picked up strength in February, raising hopes that the economic recovery was taking hold more Continue Reading
Amazon, Walmart, General Motors, and now FedEx. The giant delivery company joined more than 50 other major corporations when it announced this week that it too aims to be carbon-neutral by Continue Reading
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose by 1 this week. The total number of active oil and gas Continue Reading
The American Petroleum Institute (API) now advocates a carbon tax? We had to read the API’s press release twice to make sure we were reading correctly. Whatever else this accomplished Continue Reading
Maintenance at three oil sands upgraders in Canada will take off some 500,000 bpd in production offline, helping tighten supply amid a price rally, Bloomberg reports. Canadian Natural Resources, Suncor Continue Reading
Operators are expected to commit to developing a record number of offshore oil and gas projects over the next five years, with deepwater projects set for the most impressive growth, Continue Reading
The pandemic may be receding in some parts of the world, but it is still ravaging Mexico and Brazil, presenting another challenge to U.S. refiners as the two countries are Continue Reading
U.S. energy storage boomed in the last quarter of 2020, with record 2,156 megawatt-hours (MWh) of new energy storage systems brought online, up by a massive?182 percent compared to the Continue Reading
Highlights Reverse Keystone XL cancellation: Manchin Shutting production doesn’t end demand: Murkowski Energy industry under assault: Cornyn Wrapping up the final day of the annual CERAWeek by IHS Markit conference, Continue Reading
Highlights Majors eye hydrogen future, cutting carbon Pandemic hurries implementation of new technologies Returning oil demand, higher prices to test industry’s constraint The 2021 CERAWeek by IHS Markit conference, arguably Continue Reading
Texas regulators declined March 5 to order the Electric Reliability Council of Texas to reprice real-time prices, from mid-night Feb. 18 through 9 am CT Feb. 19, that resulted in Continue Reading
Energy storage flexibility allows the technology to participate in multiple US power markets, with regional electricity costs, incentives, geography, and state-level mandates currently acting as growth drivers, market participants said Continue Reading
Energy storage flexibility allows the technology to participate in multiple US power markets, with regional electricity costs, incentives, geography, and state-level mandates currently acting as growth drivers, market participants said Continue Reading
General Motors stated it is extending outages at three of its plants caused by a shortage of semiconductors, including a two-week extension (to end-March) in Mexico and by around four Continue Reading
Houston — While policies that promote the use of natural gas and renewables in power generation are important to reducing global carbon emissions, it will take a collective change in Continue Reading
