India is trying hard to woo foreign investors as the nation tries to rebuild from its worst economic contraction on record. Hit particularly hard by the COVID-19 pandemic, the Indian Continue Reading
India has detected a new “double mutant variant” of the novel coronavirus, the health ministry said on Wednesday, adding to concern as the government struggles with the highest single-day tally Continue Reading
Houston — The ExxonMobil-operated Liza Phase 1 development offshore Guyana achieved its nameplate capacity output of 120,000 b/d in December and continues to produce at that rate, the top executive Continue Reading
The operator of an oil terminal operated by Venezuela’s state oil company PDVSA has declared bankruptcy, blaming it on U.S. sanctions, Reuters has reported , citing court documents. According to Continue Reading
Mexico’s Pemex is considering letting U.S.-based Talos Energy lead the development of the Zama oil field, Reuters reported , citing the state oil company’s chief executive. Talos Energy, leading a Continue Reading
One of the things that doesn’t get a lot of discussion in the press is the under-the-table relationship Iran and China have had when it comes to oil. At first Continue Reading
China’s crude throughput has started to fall in March with refinery maintenance kicking in since late February, and likely to continue over April-June, latest industry data and information collected by Continue Reading
‘The reason we see China as the main potential import source is the country’s rapid increase in refinery capacity,’ analyst says Australia is set to close two of its last Continue Reading
Two Democratic Senators from California are urging the Biden Administration to follow California’s lead and set a date for phasing out new sales of gasoline and diesel-powered cars. In a Continue Reading
The number of U.S. air travelers exceeded 1.5 million on Sunday, for the first time since the middle of March 2020, in a good sign for oil demand as U.S. Continue Reading
Just two or three years ago, the biggest U.S. oil corporations were not mentioning climate change or environmentally-responsible investment at conference calls or results releases, but the global push for Continue Reading
Output hits annual high, averaging 3.7 Bcf/d in March At 18 rigs, count remains at 40% of pre-pandemic level Production drop in 2021 to flatten through early 2020s After rebounding Continue Reading
Analysts expect US natural gas in storage volumes fell by about half the five-year average the week ended March 19, in what looks to possibly be the final net draw Continue Reading
U.S. coal, natural gas and motor fuel producers get implicit benefits worth tens of billion of dollars a year by not having to pay for the damage their products do Continue Reading
“Democracy” is invoked no less than 47 times in the 24 pages of US president Joe Biden’s Interim National Security Strategic Guidance. In particular, the new administration insists on the Continue Reading
“Democracy” is invoked no less than 47 times in the 24 pages of US president Joe Biden’s Interim National Security Strategic Guidance. In particular, the new administration insists on the Continue Reading
Certainly one of the more exciting stories in the world of EV investing over the past several weeks has been Volkswagen. We have documented the legacy automaker’s stock during a Continue Reading
Hydrogen projects around the UK are well-positioned to power industry and meet net-zero targets, although government support and strategy are needed for scaling up and commercialization throughout the country, panelists Continue Reading
The UK government is planning to boost tax revenues from long-haul flights as part of the country’s commitment to achieving net-zero greenhouse gas emissions by 2050. Receive daily email alerts, Continue Reading
Researchers from Chalmers University of Technology, in collaboration with KTH Royal Institute of Technology in Stockholm, have produced a structural battery that performs ten times better than all previous versions. Continue Reading
Poland will likely have to toughen COVID-19 restrictions again after reporting what early figures suggest will be a record number of new infections on Wednesday, the prime minister’s top aide Continue Reading
Euro zone economic activity made a surprise return to growth this month as factories ramped up production to its fastest pace in over 23 years, offsetting a continuing slowdown in Continue Reading
Hotter summers in Iraq are blasting soldiers sitting inside armored vehicles. Flooding is threatening the world’s largest navy base. Russian submarines are prowling the melting Arctic. Now NATO Secretary General Continue Reading
Mercedes-Benz has started producing high-performance batteries for its all-electric luxury EQS at its Stuttgart-Hedelfingen plant, as part of the Untertürkheim location in Germany, ahead of the sedan’s world premiere on Continue Reading
Crude oil futures fell during mid-morning trade in Asia March 23, as the market remained concerned over the third wave of the coronavirus in Europe given that extended mobility restrictions Continue Reading
Oil dropped below $61 a barrel on concerns about the near-term demand outlook amid the uneven rebound from the pandemic. Futures in New York slipped 1.1% after two days of Continue Reading
Oil edged higher on Monday as investors looked past the uneven demand recovery around the world following crude’s worst weekly plunge since October. Futures in New York eked out a Continue Reading
Renewable energy projects are expected to see a record investment at US$243 billion this year, further closing the gap with expenditure on upstream oil and gas projects, where capex is Continue Reading
Saudi Arabia unveiled a proposal for a cease-fire aimed at disentangling itself from Yemen’s civil war, as rebel forces press an offensive and the Biden administration seeks to extricate the U.S. Continue Reading
Saudi Arabia has proposed a ceasefire deal to end the fighting in Yemen’s six-year conflict that would include Riyadh lifting its blockade on rebel-controlled ports in the war-torn country. The initiative Continue Reading
Saudi Aramco, the world’s largest oil company, reported a 44% reduction in revenues in 2020. These losses were largely caused by COVID-demand destruction and lower oil prices. Saudi Arabia’s national Continue Reading
Highlights Capacity gains to 13 mil b/d will be incremental Neutral Zone shared with Kuwait producing 120,000 b/d Aramco will ‘skip’ LNG, focus on developing hydrogen Dubai — Saudi Aramco Continue Reading
After the first oil price war launched by the Saudis against the then-nascent U.S. shale sector in 2014, Washington took the view that the Kingdom had broken the core 1945 Continue Reading
The OPEC+ alliance led by Saudi Arabia and Russia is set to push global oil inventories back to 2019 levels later this year with demand recovering in China and the Continue Reading
India’s eastern state of Odisha might have to stop its coronavirus vaccination drive for four days because of a shortage of doses, according to a letter reviewed by Reuters, even Continue Reading
African banks are exposed to environmental risks that may threaten their credit quality and profitability as climate change makes shocks more frequent and severe, according to Moody’s Investors Service. Moody’s Continue Reading
Nigeria adopted a new flexible exchange-rate policy for official transactions in a move that effectively marks the third devaluation of the naira in a year. The government will start to Continue Reading
The United States, the European Union, Britain and Canada each announced sanctions against China over human rights abuses in Xinjiang, a coordinated effort aimed at holding Beijing accountable for a Continue Reading
Top Indian officials are discussing whether to set a goal of reaching net-zero greenhouse gas emissions by 2050, yet little analytical work has been done on just what the country will have Continue Reading
The U.S. and China are tiptoeing toward cooperation on climate change despite recent and testy high-level talks, with the two governments’ chief climate envoys scheduled to come together for formal Continue Reading
The US, EU, UK and Canada have imposed sanctions on China over its treatment of Uyghur Muslims in a coordinated move that sparked immediate retaliation from Beijing. Travel bans and Continue Reading
South Korea remains the weakest performer within OECD in terms of renewables’ penetration into the national energy matrix, merely 5% of its electricity generation boils down to green energy. Apart Continue Reading
China’s deliveries of North Sea crude are expected to hit a record this month, helping to offset tepid demand from European markets that remain subdued by COVID-19 lockdowns, according to Continue Reading
Global demand for liquefied natural gas will grow to 700 million tons annually by 2040 from 360 million tons last year, Shell said in its LNG Outlook 2021 . As Continue Reading
Floods in eastern Australia, affecting the states of New South Wales and Queensland, have impacted operations at coal mines in the region, stalled railway transportation, affected port schedules and disrupted Continue Reading
U.S. junk energy cost of funds plunged after 2020 spike It hasn’t been this cheap for shale explorers to raise money on the high-yield bond market since oil was at Continue Reading
With persistence drought in New Mexico, 65% of the winter wheat crop was reported in very poor to poor condition, according to the USDA. Photographer: Spencer Platt/Getty Images Normally at Continue Reading
Administration officials are crafting a plan for a multipart infrastructure and economic package that could cost as much as $3 trillion and fulfill key elements of President Biden’s campaign agenda, Continue Reading
As one of his first acts in office, President Biden revoked TC Energy Corp.’s (NYSE:TRP) license on the controversial Keystone XL pipeline project. The project ran into trouble soon after Continue Reading
The Biden administration is set to participate in a climate summit co-hosted by China on Tuesday, just days after its first face-to-face talks with that country descended into bickering. John Kerry, the Continue Reading
