Airlines and other tourism-related businesses are pushing the White House to draw up a plan in the next five weeks to boost international travel and eliminate restrictions that were imposed Continue Reading
Newly reported coronavirus cases in the U.S. edged higher, but remained below 50,000, as many states push forward with vaccinations programs and look to reopen schools. The U.S. reported more Continue Reading
Fauci Addresses the Safety of the AstraZeneca Vaccine Dr. Anthony S. Fauci on Monday discussed the U.S. clinical trial that ruled the vaccine developed by AstraZeneca effective against Covid-19. The Continue Reading
Russia’s government approved on Monday the country’s long-term development program for liquefied natural gas (LNG), expecting production capacity to rise threefold from current levels to 140 million tons per year Continue Reading
Keeping the position of key energy supplier to the Old Continent comes at a price. And it looks like it’s a price Russia is ready to pay it. Moscow is Continue Reading
BP has dropped its oil and natural gas reserves replacement ratio as one of the company’s key performance metrics, it said March 22, underscoring the company’s ambitious plans to become Continue Reading
Russian fuel oil exports fell 2.9% year on year to 2.72 million mt in February, according to data released March 22 by the Central Dispatching Unit, the statistical arm of Continue Reading
The French hospital system could face an “unprecedented violent shock” in about three weeks if the country fails to curb its vertiginous rise in COVID-19 cases, the president of the Continue Reading
Rising coronavirus infections have dashed Germany’s hopes of reopening its economy in the early spring Germany has extended its lockdown for three weeks, imposing an almost complete halt over the Continue Reading
Crude oil futures were lower during mid-morning trade in Asia March 22, as investors remained nervous following the panic sell-off on March 18, while the prospect of an extended mobility Continue Reading
Brent oil gave up some gains posted at the end of the worst week since October as the dollar strengthened and as investors assessed the near-term demand outlook. Futures in London Continue Reading
Oil just experienced its biggest one-day price slump in more than six months, but it hasn’t veered off the road to recovery. Even as problems with Europe’s vaccine program and a Continue Reading
Last year was an unprecedented year for natural gas and liquefied-natural-gas (LNG) markets. Whereas natural gas demand declined by 3%, LNG demand proved to be more resilient and managed to Continue Reading
A $1.9 trillion stimulus package was recently signed into law in the United States. Can such a stimulus bill, plus packages passed in other countries, really pull the world economy Continue Reading
Saudi Arabian state oil giant Aramco is betting on an Asian-led rebound in energy demand this year after it reported a steep slide in net profit for 2020 on Sunday Continue Reading
Iran does not trust U.S. promises on lifting sanctions and will only return to its commitments under a 2015 nuclear deal once Washington fully removes the measures, Iranian Supreme Leader Continue Reading
Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time, Continue Reading
Saudi Aramco plans to “expand and intensify” cooperation with China on research in areas including hydrogen and ammonia production from natural gas, according to Chief Executive Officer Amin Nasser. Aramco is Continue Reading
Saudi Arabia’s state-backed oil giant Aramco announced Sunday that its profits nearly halved in 2020 to $49 billion, a big drop that came as the coronavirus pandemic roiled global energy Continue Reading
The oil giant Saudi Aramco has announced that its profits fell sharply last year as lockdowns around the world curbed demand for oil. Earnings in 2020 fell by nearly 45% Continue Reading
The digitalization of subsurface information to collect data and improve production techniques could enhance exploration and drilling processes worldwide, led by Egypt. A new project from The Egyptian Ministry of Continue Reading
India reported its most COVID-19 cases and deaths in months on Monday, on the first anniversary of the start of a chaotic nationwide lockdown that left many people jobless and Continue Reading
India will look for alternative sources of crude oil to ensure sustained supply of the fuel, Finance Minister Nirmala Sitharaman said. New supply chains won’t likely have an impact on crude Continue Reading
Smaller players are eager to recommence talks with Venezuela over its crude oil opportunities before the majors start their attack. The eventual easing of sanctions on Venezuelan oil under President Continue Reading
Managers of foreign oil companies have been visiting Caracas recently to negotiate a possible return of international firms to Venezuela’s embattled oil industry after Nicolas Maduro began promising earlier this Continue Reading
An explosion at a 20-inch pipeline that provides natural gas to the PIGAP II gas reinjection plant in northern Monagas state in Venezuela was the result of a “terrorist attack,” Continue Reading
EPC firm Black & Veatch will undertake feasibility studies central to the development of the world’s largest green hydrogen plant. When operational, Enegix Energy’s planned Base One facility in Ceará, Continue Reading
Venezuelan farmers said that they had asked the government to allow them to import diesel themselves to alleviate shortages of the fuel that are hindering food production and distribution. Diesel Continue Reading
Australian authorities are planning to evacuate thousands more people on Monday from flood-affected suburbs in Sydney’s west, which is set for its worst flooding in 60 years with drenching rain Continue Reading
Leave your partner and children behind. Quarantine for up to a month. Get inoculated with a Covid-19 vaccine from China, if you can find one. And prepare yourself for an Continue Reading
A trade bottleneck born of the COVID-19 outbreak has U.S. businesses anxiously awaiting goods from Asia — while off the coast of California, dozens of container ships sit anchored, unable Continue Reading
The coronavirus vaccine developed by AstraZeneca and the University of Oxford provided strong protection against Covid-19 in a large clinical trial in the United States, offering complete protection against the Continue Reading
Covid-19 vaccine manufacturers are ramping up production, churning out far more doses a week than earlier in the year, progress that is accelerating mass vaccination campaigns in the U.S. After a Continue Reading
The pandemic has changed how we fly, dramatically reducing the number of flights around the world. To show how Covid-19 has altered the skies, The Wall Street Journal analyzed flight Continue Reading
First, it was a demand slump across pretty much every manufacturing industry because of the pandemic. Then a surge in demand for electronics caused a shortage of microchips, which hit Continue Reading
The US Securities and Exchange Commission has directed two of America’s biggest oil companies to hold shareholder votes on farreaching new emissions targets, as the regulator adopts a tougher approach Continue Reading
Economists are cutting growth forecasts for the eurozone economy as a third wave of Covid-19 infections and vaccination delays spur tighter restrictions in several countries including France, Italy, and Germany. Continue Reading
Germany is set to extend a lockdown to contain the COVID-19 pandemic into its fifth month, according to a draft proposal, after infection rates exceeded the level at which authorities Continue Reading
More than 27.6 million people in Britain, well over half the adult population, have received at least one dose of a COVID-19 vaccine, official data showed on Sunday, after a Continue Reading
Oil came back from a sell-off that investment banks from Goldman Sachs to Morgan Stanley said was excessive and offered an opportunity to buy, with physical crude markets still showing Continue Reading
Oil prices suffered their biggest weekly fall since October as signs of flagging demand in key markets abruptly halted a vigorous rally. International benchmark Brent crude ended the week down almost Continue Reading
American investors are joining a rush to buy carbon permits, prompting bets that the cost of pollution may be about to rally further after European prices hit a record high. Total Continue Reading
Oil’s recent price rout is likely transitory and offers an entry point into a market that’s been surging this year, according to Goldman Sachs Group Inc. and Morgan Stanley analysts. Thursday’s Continue Reading
Aerial view of a flooded area in the village of Queja, in San Cristobal Verapaz, Guatemala on Nov. 7, 2020 after Hurricane Eta. Credit: Esteban Biba/Pool/AFP via Getty Images The Continue Reading
The United States has warned China that it will not turn a blind eye to rising Iranian oil exports to Chinese ports, the Financial Times reported , citing a senior Continue Reading
The world’s largest oil exporter, Saudi Arabia, increased its crude oil exports to 6.582 million barrels per day (bpd) in January 2021, up from 6.495 million bpd in December 2020, Continue Reading
Saudi Arabia’s energy ministry said it had contained a fire following a March 19 drone attack on its Riyadh refinery, with no interruption to oil supplies and no casualties, in Continue Reading
Analysts have criticised the latest move to repair the refinery at a huge sum of $1.5 billion. The Federal Executive Council on Wednesday approved a fresh $1.5 billion for the Continue Reading
India reported 40,953 new coronavirus cases on Saturday, the biggest daily jump in nearly four months, with its richest state and economic backbone Maharashtra accounting for more than half the Continue Reading
Argentina’s YPF said March 19 that it plans to invest more than $1.5 billion this year to ramp up oil and natural gas production in the Vaca Muerta shale play, Continue Reading
