Australia’s east coast was smashed by heavy rains on Saturday, sparking dangerous flash flooding that forced the evacuation of multiple regions as the fast-moving waters unmoored houses, engulfed roads, stranded Continue Reading
A pick-up in spring break travel is pointing to the first signs of life for a battered jet fuel market, a trend that is likely to continue as more vaccinated Continue Reading
An unknown number flashed up on the phone of Kylie Davies-Worley, a retail consultant who has lived in Hong Kong for almost 20 years, at 8.30am on Saturday morning. Her 18-month-old Continue Reading
A move in Texas to wipe out more than $4 billion in electricity overcharges from last month’s devastating blackouts appears dead in the water after deeply divided lawmakers left town Continue Reading
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 9 this week. The total number of active oil and gas Continue Reading
New York — US refinery crude inputs are expected to rise to about 14.4 million b/d for the week ended March 19, according to estimates from S&P Global Platts Analytics Continue Reading
US LNG feegas demand hit a new record March 19 as total deliveries approach 12 Bcf/d, S&P Global Platts Analytics data show. Receive daily email alerts, subscriber notes & personalize Continue Reading
Ford is scaling back output and will produce several of its models without certain electronic modules in the near term as automakers around the world continue to adjust amid a Continue Reading
Coal-fired electricity generation in the United States was lower than power generation from natural gas and nuclear plants in 2020, with coal dropping out of the top two electricity sources Continue Reading
Automakers are pairing off with battery companies to try to win the race to develop an electric vehicle battery that costs less and has a much longer range. The quest Continue Reading
EPA The rise in cases in Germany is said to be fuelled by outbreaks among younger people Coronavirus cases are rising exponentially in Germany, officials warn, as continental Europe braces Continue Reading
Washington has threatened all companies involved in the Gazprom-led Nord Stream 2 gas pipeline project with sanctions, signaling there is at least one segment of U.S. foreign policy where the Continue Reading
U.S. lawmakers from both parties have been pressing the Biden administration to take stronger action to stop Gazprom PJSC’s project. (Bloomberg) — The Biden administration is weighing additional sanctions to Continue Reading
Scientists are exploring several possibilities that might explain at least 18 reports of extremely rare blood clots in the brain that occurred in individuals in the days and weeks after Continue Reading
The calls began in December, as the United States prepared to administer its first batches of Covid-19 vaccine. Even then, it was clear that the European Union was a few Continue Reading
EPA In France, the new restrictions are not as strict as the previous lockdown France and Poland have reintroduced partial lockdowns as both countries battle a sharp rise in Covid Continue Reading
Crude oil futures were rangebound to slightly higher during the mid-morning trade in Asia March 19, as investors looked for a bargain following the panic selling that saw prices plummet Continue Reading
Oil prices steadied on Friday, but were down 8% for the week, after an overnight sell-off as a new wave of coronavirus infections across Europe triggered fresh lockdowns and dampened Continue Reading
Oil plunged by 7%, the most since September, as vaccination efforts in some parts of the world stalled, casting uncertainty over the speed of an economic recovery and a full Continue Reading
Oil plunged by 7%, the most since September, as vaccination efforts in some parts of the world stalled, casting uncertainty over the speed of an economic recovery and a full Continue Reading
Retail investors with long positions in crude oil markets had to endure one of the most volatile years on record in 2020 thanks to the Saudi-Russia oil price war, oil Continue Reading
The stone age didn’t end due to a lack of stones, and the oil age will end long before the “world runs out of oil”. This quote, often attributed to Continue Reading
The energy transition won’t happen if it’s wrapped up in red tape. Financing an innovative low-carbon economy is one of the defining challenges of our age, as Bill Gates argues Continue Reading
Oil demand is expected to grow in the next five years, contrary to the goals in the Paris climate agreement. Global oil demand is expected to grow steadily over the Continue Reading
A key tenet of the prior Trump administration’s crackdown on China and Iran was to punish those Chinese companies caught transferring sanctioned Iranian oil, which was often done through ‘ghosting’ Continue Reading
Having already slashed its capex budget and delayed several projects, Saudi Aramco will release its full-year 2020 results on March 21, with market watchers aiming for greater insight on how Continue Reading
India’s growing demand for oil and its plans to rely less on crude from its biggest supply region, the Middle East, is set to support demand for oil tankers traveling Continue Reading
The Liza Phase 1 offshore project—Guyana’s first oil-producing project led by ExxonMobil— has reached its full planned production capacity of some 130,000 barrels per day (bpd), Guyana’s President Irfaan Ali Continue Reading
Mexico’s Pemex announced March 18 it has discovered over 1.2 billion boe of oil and natural gas in an onshore complex in the state of Tabasco, near the site where Continue Reading
A spat over fuel prices last month saw Brazil’s President Jair Bolsonaro replace the CEO of national oil company Petrobras Roberto Castello Branco, who is popular among investors with former Continue Reading
The U.S. and China began their first high-level meeting under the Biden administration with an acrimonious exchange of words, setting an abrasive tone as the two powers try to stabilize Continue Reading
Despite speculation that oil demand peaked in 2019, before the global pandemic hit the industry hard, a new IEA report suggests this assumption may have been overstated as demand is Continue Reading
The spot oil market for physical barrels in the key demand region, Asia, started to weaken in the middle of this week, as purchases from Chinese buyers are subdued, traders Continue Reading
The first high-level U.S.-China talks of the Biden administration got off to a fiery start on Thursday, with both sides leveling sharp rebukes of the others’ policies in a rare Continue Reading
Sign up for The Brief , our daily newsletter that keeps readers up to speed on the most essential Texas news. Public Utility Commission Chair Arthur D’Andrea, the only remaining Continue Reading
A coalition of states with Republican attorneys general sued President Biden on Wednesday over his decision to revoke a key permit for the Keystone XL oil pipeline. The lawsuit from Continue Reading
One of the federal government’s main efforts to push Americans to prepare for climate threats is in question after the Senate majority leader’s office objected to a plan to adjust Continue Reading
The number of Americans seeking unemployment benefits rose last week to 770,000, a sign that layoffs remain high even as much of the U.S. economy is steadily recovering from the Continue Reading
The rapid rollout of Covid-19 vaccines across the US is starting to work, according to a Financial Times analysis of official data that shows the number of deaths and hospital Continue Reading
Early findings in an ongoing four-year study of enhanced oil recovery of heavy oil in Alaska’s North Slope have shown promising results that could potentially unlock billions of barrels of Continue Reading
Highlights Balance-of-year curve falls to $2.63/MMBtu Demand underwhelms, production surges Gas storage narrows deficit to 5-year average Balance-2021 forwards prices at the US benchmark Henry Hub were at an eight-week Continue Reading
Weekly US thermal coal production was estimated to be more than 11.5 million st in the week ended March 13, down 2.4% from the previous week and up 15.2% from Continue Reading
EU’s executive arm has proposed launching digital certificates showing the holders pose no health risk from coronavirus, and to coordinate lifting of lockdowns The certificates would prove travellers have been Continue Reading
Emer Cooke, head of the European Medicines Agency, on Thursday said its investigation had concluded that the AstraZeneca vaccine was “not associated” with a potential risk of blood clots noted Continue Reading
Some 1,200 people are said to be in intensive care in hospitals across Paris The French capital Paris is set to go into a month-long Covid lockdown as the country Continue Reading
Germany’s coronavirus cases rose by the most in two months and the contagion rate inched closer to a critical threshold, days before Chancellor Angela Merkel hosts talks to decide on Continue Reading
On the banks of the Rhine in north-west Germany sits Thyssenkrupp’s Duisburg plant, Europe’s largest integrated steel mill. The hulking facility churns out about 11m tonnes of steel a year Continue Reading
Oil and gas supermajor BP said on Thursday it had started developing plans for what would be the largest hydrogen project in the UK, aiming to produce 1 GW of Continue Reading
Oil extended declines as inflation concerns rattled broader sentiment and physical markets in Asia cooled. West Texas Intermediate retreated for a fifth straight day, putting the U.S. benchmark on course for Continue Reading
Crude oil futures ticked lower during the mid-morning trade in Asia March 18, after the Energy Information Administration showed a build in crude and product inventories, even as a free-falling Continue Reading
