February Hiring Sets Up Stronger Spring Recovery
The U.S. economy is set up for a stronger recovery this spring after a February surge in hiring at restaurants and other hospitality businesses created the best monthly job growth Continue Reading
New Factory Could Reduce Green Hydrogen Costs By 20%
Danish catalyst manufacturer Haldor Topsoe plans to build a large-scale facility to manufacture electrolyzers that would be used for green hydrogen production and potentially reduce the cost of green hydrogen Continue Reading
EU turns to US in scramble for Oxford/AstraZeneca vaccine
The EU will urge the US to permit the export of millions of doses of AstraZeneca’s Covid-19 vaccine to Europe as Brussels scrambles to bridge supply shortfalls that have hobbled Continue Reading
Volkswagen previews “Project Trinity” EV; coming in 2026
Volkswagen gave a first design preview of Project Trinity. The electrically powered sedan is to be built in Wolfsburg from 2026 and is intended to set new standards in terms Continue Reading
Crude oil futures rise as OPEC+ rolls over production cuts, stronger US dollar slows rally
Crude oil futures rose during mid-morning trade in Asia March 5, even as a stronger US dollar slowed the rally triggered by the OPEC+ decision to keep production quotas largely Continue Reading
Oil Soars to $65 With Saudi Supply Gamble Buoying Market Bulls
Oil briefly moved above $65 a barrel after OPEC+ chose not to relax supply curbs even as the global economy pulls out of its pandemic-driven slump, confounding widespread expectations the Continue Reading
Oil hits almost 14-month high after OPEC+ extends output cuts
Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months after OPEC and its allies agreed not to increase supply in April as they await Continue Reading
WTI Closes at Highest Level Since April 2019
Oil surged to the highest in nearly two years after the OPEC+ alliance surprised traders with its decision to keep output unchanged, signaling a tighter crude market in the months Continue Reading
OPEC+ Squeezes Oil Production Tight to Protect Price Recovery
Saudi Arabia and its OPEC+ allies shocked the oil market with a decision to keep supply in check, sending prices surging and adding inflationary pressure to the global economy as Continue Reading
OPEC, Russia send oil price up with deal to contain output
Caution about the pandemic took the upper hand Thursday at a meeting of the OPEC oil cartel and allied countries, as they left most of their production cuts in place Continue Reading
Covid-19 Live Updates: Daily U.S. Deaths and Cases Rise
Newly reported Covid-19 cases and deaths in the U.S. both rose from a day earlier, as public-health officials and experts warn that a recent drop in infections is showing signs of flattening. “We Continue Reading
OPEC+ maintains firm grip on oil supply, largely keeping steep oil cuts in place for April
OPEC and its allies appear intent on turbocharging the tightening of the oil market, agreeing to largely leave their hefty production cuts unchanged for April – including Saudi Arabia’s extra Continue Reading
Yemen’s Houthis Claim New Attacks on Saudi Base, Airport
Yemen’s Houthi rebels said Friday they launched a drone attack on a military airbase and an airport in Saudi Arabia, stepping up their offensive on the kingdom’s energy and security Continue Reading
China’s New Green Target Still Means Pumping Too Much Pollution
China’s first road map to achieving net zero emissions by 2060 may be too slow to stop the world’s biggest polluter from hastening global warming. Thousands of Chinese delegates applauded when Continue Reading
At NPC, China Gives Nuclear Power Fresh Push to Go Green
China’s first road map to achieving net zero emissions by 2060 may be too slow to stop the world’s biggest polluter from hastening global warming. Thousands of Chinese delegates applauded when Continue Reading
China Sets 2021 GDP Growth Target at Over 6%
Chinese leaders said they would target gross domestic product growth of 6% or more this year, a relatively modest goal that nonetheless signals continued optimism after a year in which Continue Reading
China needs a baby boom. Small steps won’t be enough to undo legacy of one-child policy. – The Washington Post
Zhang Alan’s goal was to have a baby before the age of 30. Single and with no plans to get married, she turned to the Internet for help. “Today we Continue Reading
China’s Oil Demand May Be Overestimated
Robust oil demand in Asia has supported the bullish sentiment on the oil market in recent weeks, but the higher oil prices may cool off crude purchases from the world’s Continue Reading
China Needs to Hit Peak Oil Long Before It Reaches Net-Zero Emissions
On a freezing December morning, hundreds of oil traders, industry researchers and government officials battled bumper-to-bumper congestion as they headed to a hotel north of Beijing’s Forbidden City for an Continue Reading
John Kerry Says Hydrogen Is ‘Jump Ball’ in Global Clean-Energy Race
The U.S. oil and gas industry should embrace “huge opportunities” in producing and transporting hydrogen, with the potential for that cutting-edge energy source to fuel long-haul trucks and supply power Continue Reading
US jobless claims tick up to 745,000 as layoffs remain high
The number of Americans applying for unemployment benefits edged higher last week to 745,000, a sign that many employers continue to cut jobs despite a drop in confirmed viral infections Continue Reading
Texas Overcharged $16 Billion for Power During Freeze, Monitor Says
An independent market monitor said the Texas power-grid operator made a critical mistake that resulted in $16 billion in electricity overcharges last month, and recommended that the charges be reversed. The Continue Reading
GM Looking to Build Second Battery Factory in U.S.
General Motors Co. GM -1.59% is looking to build a second battery factory in the U.S. with joint-venture partner LG Chem Ltd. 051910 4.51% , the latest move in the Detroit auto maker’s efforts to expand its investment in Continue Reading
CERAWEEK: Solar expected to see more records in 2021 despite facing challenges
The biggest challenges to the utility-scale solar industry are integration, supply chain constraints and a lack of discipline, power industry experts said March 4 at the CERAWeek by IHS Markit Continue Reading
US oil, gas rig count leaps 30 to 491 on week, as oil prices climb further: Enverus
The US oil and gas rig count leaped 30 in the week ending March 3 to 491, rig data provider Enverus said, reaching the highest total since late-April 2020, as Continue Reading
Average USA Pump Price May Soon Top $3
A record plunge in gasoline stockpiles last week is threatening to raise pump prices across America above $3 a gallon for the first time in six years. Inventories fell by Continue Reading
Granholm calls for Texas grid to weatherize, connect to other grids
Energy Secretary Jennifer Granholm on Wednesday called for Texas to weatherize its grid and said the state should consider connecting to grids beyond its borders following last month’s winter storm Continue Reading
EU countries approve green transition fund, look to challenges ahead
European Union officials on Wednesday formally approved the bloc’s multi-billion euro fund that is to help wean countries off fossil fuels by shielding vulnerable communities from the economic impact of Continue Reading
Russia Bonds Slump on Debt Sanctions Speculation Over Navalny Poisoning
Russia’s local bonds fell the most in three weeks on speculation the U.S. could target the nation’s sovereign debt with a tougher round of sanctions over the poisoning and jailing Continue Reading
Oil prices dip ahead of OPEC+ meeting
Oil prices dipped on Thursday ahead of talks between OPEC and its allies on whether to ease production cuts and after a record jump in U.S. crude oil stocks following Continue Reading
Oil Prices Get Boost from Fuel Inventory Data
Oil jumped the most in more than a week after a U.S. government report showed a record drop in domestic fuel inventories from the aftermath of a deep freeze that Continue Reading
OPEC+ Silence Has Oil Market Second-Guessing Next Supply Move – Bloomberg
OPEC and its allies kept oil-watchers guessing about their next move, after a day of preliminary talks offered few clues as to whether the market will get the April supply Continue Reading
OPEC+ Could Add 1.3MM Bpd and Keep Market Balanced
Rystad Energy’s latest analysis indicates that OPEC+ could raise production by 1.3 million barrels per day in April and keep the market balanced. Rystad Energy’s latest analysis indicates that OPEC+ Continue Reading
Yemen’s Houthis Claim Strike on Saudi Base, Aramco Oil Depot
Yemen’s Houthi rebels said they launched missile and drone strikes against a Saudi Arabian oil facility and a military base, as their attacks on the kingdom’s energy and security installations multiply. Continue Reading
Turkey’s Perfectly Timed Gas Discovery
Turkey’s energy import bill has been a major drag on its economy for decades. In 2019, the country imported $41 billion worth of energy among which 45 billion cubic meters Continue Reading
Israel accuses Iran of link to oil spill off its shores
Israel accused Iran on Wednesday of being linked to a recent oil spill off its shores that caused major ecological damage, calling the incident environmental terrorism. The spill was caused Continue Reading
Iran Taps Old Oil Customers as It Eyes End of U.S. Sanctions
ran is reaching out to old customers in Asia to gauge their interest in buying its oil as Tehran ramps up diplomacy to get U.S. sanctions lifted. The National Iranian Oil Continue Reading
India’s Record High Pump Prices Threaten Road to Recovery
India’s record pump prices of gasoline and diesel are the newest threat to the economy’s nascent recovery, as high local taxes on retail fuel risk fanning inflation and driving a Continue Reading
Debt Stricken Mexican Oil Major Pemex Scrambles To Boost Production
After decreasing production to match lower demand in 2020, Mexico plans to boost oil exports in 2021 as worldwide demand gradually increases once again. OPEC members heavily reduced oil production Continue Reading
IEA Head: India’s Coal Exit Cannot Happen Without Financial Support
India and other developing nations should get international financial support, as well as strong government commitment and aid, in order to phase out coal and contribute to emissions reduction, Fatih Continue Reading
Maduro Hints At “New Business Models” In Oil
The Venezuelan National Assembly will consider reforms to the country’s oil law that will open the door to “new business models,” President Nicolas Maduro said this week, as quoted by Continue Reading
China Turns the Screws on Renewables Just When It Needs Them – Bloomberg
After shortchanging renewable energy developers for years to the point where it owes billions of dollars in unpaid subsidies, the Chinese government is now proposing that those companies may have to Continue Reading
Japan needs steep emissions cuts from 2030, energy reforms for 2050 climate goal: IEA
Japan needs steep emission reductions as soon as possible, and latest from 2030 onwards, to meet its 2050 net zero carbon targets, along with accelerated gas and power market reforms Continue Reading
‘When will it end?’: How a changing virus is reshaping scientists’ views on COVID-19
Chris Murray, a University of Washington disease expert whose projections on COVID-19 infections and deaths are closely followed worldwide, is changing his assumptions about the course of the pandemic. Murray Continue Reading
U.S. economy got off to modest start in 2021, Fed says
The U.S. economic recovery continued at a modest pace over the first weeks of this year, with businesses optimistic about the months to come and demand for housing “robust,” but Continue Reading
Gasoline Heads Toward $3 in U.S. For First Time in Six Years
A record plunge in gasoline stockpiles last week is threatening to raise pump prices across America above $3 a gallon for the first time in six years. Inventories fell by 13.6 Continue Reading
Biden faces steep challenges to reach renewable energy goals
President Joe Biden wants to change the way the U.S. uses energy by expanding renewables, but he will need to navigate a host of challenges — including the coronavirus pandemic Continue Reading
Exxon, Once a Skeptic, Sees Profit in Capturing Carbon Emissions
Exxon, which is counting on carbon capture and storage as a primary way to achieve its targets for reducing greenhouse gas emissions , touted the recent creation of a new Continue Reading
In the Atlantic Ocean, Subtle Shifts Hint at Dramatic Dangers
IT’S ONE OF THE MIGHTIEST RIVERS you will never see, carrying some 30 times more water than all the world’s freshwater rivers combined. In the North Atlantic, one arm of the Continue Reading
Historic drought worsens in the Southwest
The year 2020 is going to be remembered for a lot of things, many of them not so good. Included in the not-so-good list is the drought that has plagued Continue Reading