Asia-Pacific air passenger traffic plunged 93.7% year on year in February as nations maintained strict border controls due to the global pandemic, Association of Asia-Pacific Airlines data released March 29 Continue Reading
New coronavirus cases in the United States continued to rise in the past week, jumping by as much as 12 percent nationwide, as senior officials implored Americans to stick to public Continue Reading
The Biden administration on Monday unveiled a goal to expand the nation’s fledgling offshore wind energy industry in the coming decade by opening new areas to development, accelerating permits, and Continue Reading
COVID-19 vaccines developed by Pfizer Inc with BioNTech SE and Moderna Inc reduced risk of infection by 80% two weeks or more after the first of two shots, according to Continue Reading
New cases of COVID-19 in the United States rose 9% to more than 431,000 last week, the first time since January that cases have increased for two weeks in a Continue Reading
The Colstrip coal-fired power plant in eastern Montana, in 2008. Coal’s slow downfall is gaining momentum across the U.S. as clean energy becomes cheaper and wins widespread support, but lawmakers Continue Reading
The city of Los Angeles has been collecting data on its carbon pollution footprint for over a decade as a part of its efforts to fight global climate change. In Continue Reading
Joe Biden is moving to rapidly expand vaccination eligibility, warning Americans against complacency in the fight against the pandemic after a senior US health official said she felt a sense Continue Reading
Even when the Covid-19 downturn is finally past us, operators will have to continue exploring new avenues for cost reductions to be better equipped to withstand future market declines. In Continue Reading
“Canada has great potential to become a leader in the global Li-ion battery market,” a new analysis by Roskill states. The research firm published the insight following the announcement by Continue Reading
Two bipartisan bills introduced in the U.S. Senate aim to support carbon capture and storage technologies as part of a drive to reduce emissions. A bipartisan group of U.S. Senators Continue Reading
Highlights But power demand, prices down on year February storm hit businesses hard New orders, business outlook improving Houston — Texas manufacturing activity in March reached the highest level in Continue Reading
Climate change is causing glaciers to melt faster, raising sea levels along the Atlantic coast at a rate not seen for 2,000 years, according to a new study led by Continue Reading
Laurie Barr, co-founder of Save Our Streams Pennsylvania, searches abandoned oil wells for pollutants as an old pumpjack stands in the Allegeny National Forest near Marienville, Pennsylvania, on Monday, June Continue Reading
California Assemblymembers Marc Berman (D-Menlo Park) and Lorena Gonzalez (D-San Diego) introduced legislation to phase out the sale of new gas-powered small off-road engines (SORE), which are primarily used in Continue Reading
Russia, the leader of the non-OPEC group in OPEC+, favors a rollover of the alliance’s oil production cuts while seeking a slight increase for itself to meet higher seasonal demand, Continue Reading
Oil slumped more than 2% on Monday after news from the Suez Canal that salvage crews have managed to move the giant container ship that has been clogging up the Continue Reading
Oil retreated as salvage teams refloated the giant vessel that has been blocking the Suez Canal, and traders weighed the impact of renewed lockdowns on global energy consumption before an OPEC+ Continue Reading
In some circles, the question is increasingly being raised whether, among the many victims of the COVID-19 virus, may be the large, multinational oil and gas companies. Indeed, the 2020 reductions Continue Reading
Rising oil prices are testing the developing world’s resolve to quit fossil fuels. The president of Brazil has fired the chief of the country’s largest oil producer — inadvertently sending its currency, bonds Continue Reading
Engineers on Monday “partially refloated” the colossal container ship that continues to block traffic through the Suez Canal, authorities said, without providing further details about when the vessel would be Continue Reading
The mammoth cargo ship blocking one of the world’s most vital maritime arteries was wrenched from the shoreline and set partially afloat again early Monday, raising hopes that traffic could Continue Reading
The Suez Canal remains blocked by the Ever Given cargo vessel for a sixth consecutive day, with more than 320 ships — including crude, product and chemical tankers, dry bulk Continue Reading
The Suez Canal logjam since the week starting March 21, caused by the Ever Given cargo vessel, could potentially increase bunker fuel demand in Singapore as more ships will likely Continue Reading
China and Iran signed an overarching deal aimed at charting the course of their economic, political and trade relations over the next 25 years. The Chinese government plans to invest Continue Reading
Iran and China on March 27 signed a sweeping 25-year trade and security cooperation pact that could lead to increased oil flows from Tehran to Beijing. Not registered? Receive daily Continue Reading
The French oil and gas company Total has announced that it is suspending resumption of work on building natural gas liquefaction plants in the Afungi Peninsula, in the northern Mozambican Continue Reading
Militants have been battling the Mozambican army around Palma for days Dozens of people are dead following an attack on the town of Palma in northern Mozambique, according to a Continue Reading
An insurgent attack on a Mozambican town near a $20 billion liquefied natural gas project that Total SE is building left dozens of people dead and state infrastructure destroyed, the Continue Reading
India has reported on Monday its worst single-day increase in COVID-19 cases since October, taking the tally to more than 12 million for the first time ever. A total of Continue Reading
Venezuela’s government on Sunday accused Facebook Inc of “digital totalitarianism” after it froze President Nicolas Maduro’s page for 30 days for violating its policies against spreading misinformation about COVID-19. Facebook Continue Reading
The virus has killed more than 300,000 people in Brazil, its spread aided by a highly contagious variant, political infighting and distrust of science. The patients began arriving at hospitals Continue Reading
U.S. Secretary of State Antony Blinken said on Sunday he sees “increasingly adversarial” aspects to the United States’ relationship with China. “There are clearly increasingly adversarial aspects to the relationship, Continue Reading
Ship congestion outside the biggest U.S. gateway for Asian imports worsened from a week ago, highlighting a headwind facing American companies just as a pileup around the Suez Canal threatens Continue Reading
China’s rebalancing of its economy from investment-led growth to consumption is likely to slow in the coming five years as the population ages and the workforce shrinks, a government researcher Continue Reading
The U.S. isn’t ready to lift tariffs on Chinese imports in the near future, but might be open to trade negotiations with Beijing, according to U.S. Trade Representative Katherine Tai. In Continue Reading
Nearly a yearlong bull run among industrial metals is faltering this month as the unwinding of a stimulus in China slows demand, underscoring the increasingly pivotal role its state-led economy plays Continue Reading
EPA image captionThe massive fire broke out just after midnight on Monday Firefighters in Indonesia are working to put out a massive fire that has broken out at one of Continue Reading
“China appears to be moving from a period of being content with the status quo over Taiwan to a period in which they are more impatient and more prepared to Continue Reading
The U.S. natural gas benchmark is set for several months of below $3 MMBtu price analysts and EIA forecasters say. The agency cited declining demand for heating in the spring Continue Reading
Sustainable aviation fuels seem to be the future of air travel, according to industry insiders seeking to reduce the industry’s carbon print. Refiners are on board, just as they are Continue Reading
The United States shale industry’s era of “newfound prudence” could be coming to an end. After a devastating 2020 for U.S. oil, the mood in the shale sector has been Continue Reading
Articles about solar power and a pair of LNG projects on two different continents ranked among the more popular articles last week among Rigzone’s downstream audience. Read on for details. Continue Reading
Exxon Mobil and Chevron Corp have scaled back activity dramatically in the top U.S. shale oil field, where just a year ago the two companies were dominating in the high-desert Continue Reading
Democrats have spent the last several years clamoring to raise taxes on corporations and the rich, seeing that as a necessary antidote to widening economic inequality and a rebuke of Continue Reading
Georgia’s Plant Scherer and its neighboring pond, where the plant has dumped nearly 16 million tons of toxic coal ash. Mark Berry raised his right hand, pledging to tell the Continue Reading
Russia has lauded with much fanfare the arrival of its homegrown vaccine, Sputnik V, in Latin America and Africa, and even in some countries in Europe, calling it a solution Continue Reading
Oil in New York barely nudged this week despite whipsawing over several days, as renewed lockdowns in some regions blunted near-term demand outlooks and muted the impact of a standstill Continue Reading
Crude oil futures settled 4% higher March 26, clawing back most of the prior session’s losses as the market eyed an extended disruption in the Suez Canal and the likelihood Continue Reading
Friday, March 26th, 2021 Oil has bounced around with significant volatility this week, dragged down by slow vaccinations, lockdowns, and speculative outflows, but pushed back up on Suez Canal bottlenecks. Continue Reading
