Crude oil futures ticked lower during mid-morning trade in Asia April 30, as prices pulled back from a six-week high due to weaker economic data from China, and persistent concerns Continue Reading
Oil declined as a recent rally in equities and commodities paused. Futures in New York dropped 1.1% on Friday as raw materials cooled from a scorching rally, while the dollar climbed Continue Reading
Oil surpassed $65 a barrel, the highest since mid-March, as signs of strengthening demand from the U.S. to China stoked optimism that key markets are turning a corner in their Continue Reading
Highlights NYC to ‘fully reopen’ July 1 US unemployment claims fall, miss expectations France to ease restrictions May 19 Improved global demand outlooks and a late session slide in the Continue Reading
Oil prices rose to fresh six-week highs on Thursday as strong U.S. economic data, a weak dollar and an expected recovery in demand outweighed concerns about higher COVID-19 cases in Continue Reading
Despite high vaccination rates in many parts of the world, people appear to be still wary of public transit, opting for personal vehicles, which is driving up demand for crude Continue Reading
It’s starting to feel as commonplace as handwashing: To protect against Covid, people across the globe are skipping trains and buses. Instead, they’re part of the great car comeback that’s Continue Reading
Worldwide sales of electric vehicles (EVs) jumped by 41 percent last year while the total global car sales fell in the pandemic-related downturn, the International Energy Agency (IEA) said on Continue Reading
All of a sudden, solar energy is huge. As many of the world’s major governments and corporations move to transition the global power supply away from fossil fuels, developers are Continue Reading
The offshore wind industry’s global installed capacity is set to exceed 250 gigawatts (GW) by 2030, driven by a surge in coming projects, a Rystad Energy report shows. The combined Continue Reading
Libya’s oil production target of 1.5 million barrels per day (bpd) by the end of 2021 depends on parliament approving the national budget quickly, Oil Minister Mohamed Oun told Reuters Continue Reading
The China Petroleum & Chemical Corp. (Sinopec) last week signed a 25-year deal with Iraq’s Ministry of Oil that gives it a 49 per cent stake in the Mansuriya non-associated Continue Reading
French energy major Total said it is too early to consider a return to Iran even as negotiations for the US to return to the Iran nuclear deal start to Continue Reading
Shell Petroleum Development Company of Nigeria Limited (SPDC) reported that a total of 4,309.18 barrels of crude was spilled into the Niger Delta environment from its operations in the second Continue Reading
Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox. India’s total COVID-19 cases passed 18 million on Thursday after another world record Continue Reading
India’s worsening COVID outbreak is set to disturb the nearly balanced global oil market, which will show a surplus of oil supply of as much as 1.4 million barrels per Continue Reading
India’s grim record-setting COVID wave shows the market that the expected rebound in global oil demand this year may not be a straight line up. The world’s third-largest oil importer Continue Reading
Several Indian states have run out of COVID-19 vaccines a day before a planned widening of a nationwide inoculation drive, authorities said on Friday, as new infections in the crisis-hit Continue Reading
Indian scientists appealed to Prime Minister Narendra Modi to publicly release virus data that would allow them to save lives as coronavirus cases climbed again Friday, prompting the army to Continue Reading
Venezuela’s attorney general said on Thursday that 10 officials from state-owned oil company Petroleos de Venezuela (PDVSA) were arrested for allegedly diverting and selling some 3 million liters (792,516 gallons) Continue Reading
A study suggests that as many as one-third of Mexicans may have been exposed to the coronavirus by the end of last year. Coronavirus antibodies were found in 33.5% of Continue Reading
If the world doesn’t stop the region’s surging caseload, it could cost us all that we’ve done to fight the pandemic, one health official said. In the capital of Colombia, Continue Reading
Crude oil projects involving private companies in Mexico could bring an additional 704,000 bpd to total national oil production by 2030, BNAmericas has reported , citing a commissioner from Mexico’s Continue Reading
Pfizer Inc’s shipment of COVID-19 vaccine to Mexico this week includes doses made in its U.S. plant, the first of what are expected to be ongoing exports of its shots Continue Reading
Work to siphon off the remaining cargo from a stricken tanker was expected to commence on Friday, the vessel’s manager said on Thursday, two days after hundreds of tonnes of Continue Reading
China has bet on developing its vast shale gas resources to boost its natural gas supply as demand surges. Despite recent shale production surprises to the upside, China still has Continue Reading
Chinese manufacturing expanded in April but growth might be slowing after a rebound from the coronavirus pandemic, two surveys showed Friday. A monthly purchasing managers’ index issued by the business Continue Reading
Chesapeake Energy Corp (CHK.O) , which exited bankruptcy in February, is working with two banks on a potential sale of its oil-producing South Texas assets that could fetch as much Continue Reading
U.S. economic growth accelerated in the first quarter as a rush of consumer spending helped bring total output to the cusp of its pre-pandemic level, foreshadowing further impressive gains in Continue Reading
America’s shale producers will keep output in check even as global crude oil prices near $70 a barrel, Ovintiv Inc. Chief Executive Officer Doug Suttles said in an interview with Bloomberg Continue Reading
Texas moved to ban retail electricity providers from offering the kinds of plans that led to astronomical power bills for customers during February’s energy crisis. Legislation passed by the state Senate Thursday Continue Reading
The polar blast in Texas earlier this year revealed a dirty secret in the most prolific U.S. oil field: Two under-the-radar natural gas plants that are a persistent source of Continue Reading
Powered by consumers and fueled by government aid, the U.S. economy is achieving a remarkably fast recovery from the recession that ripped through the nation last year on the heels Continue Reading
Cruise operators could restart sailings out of the U.S. by mid-July, the Centers for Disease Control and Prevention said, paving the way to resume operations that have been suspended for Continue Reading
The OPEC+ production cuts, lower overall oil demand, and declining demand for foreign-sourced lighter crudes resulted in 2020 in the lowest annual American crude oil imports from OPEC in data Continue Reading
US land drillers’ rig counts are continuing to inch forward, and exploration and production companies are enjoying lower costs as they reap the benefits of efficiency improvements, with increasing activity Continue Reading
The US oil and gas rig count climbed eight to 538 in the week ended April 28, rig data provider Enverus said, as the number of active gas rigs hit Continue Reading
At his international climate summit last week, President Joe Biden vowed to cut U.S. greenhouse gas emissions in half by 2030. The goal will require sweeping changes in the power Continue Reading
An executive at U.S. shale gas explorer CNX Resource Corp. criticized the long-term pledges to reduce emissions that have slowly gained traction in the industry, saying they lack detail and accountability. “Committing Continue Reading
At a time when U.S. shale, OPEC+, and dozens of oil producers have laid out blueprints to limit production in a bid to return the global oil industry to its Continue Reading
The largest LNG vessel ever to load in the US departed Cheniere Energy’s Sabine Pass export terminal in Louisiana on April 29, a company spokeswoman said. Receive daily email alerts, Continue Reading
US natural gas storage fields injected well below the five-year average for the week ended April 23 as cooler weather prompted a net withdrawal from the East region, Energy Information Continue Reading
The European Union should follow Britain’s example and impose new anti-corruption sanctions on Russians suspected of fraud and graft, the European Parliament said on Thursday in a resolution that reflected Continue Reading
Highlights ‘Looking at’ gas balance to assess Ukraine transit Sees ‘no repeat’ in 2021 of gas market oversupply 2021 ‘more predictable’ from gas pricing perspective Russian gas giant Gazprom expects Continue Reading
No one on the train knew what time it would arrive at its destination. For hour after hour it snaked through the snow-covered forests of far eastern Siberia without passing Continue Reading
he euro-area economy slid into a double-dip recession at the start of the year as strict coronavirus lockdowns across the region kept many businesses shuttered and consumers wary to spend. Reports Continue Reading
Germany’s economy shrank 1.7 percent in the first three months of this year as lockdown measures to contain rising coronavirus infections left the eurozone on track to fall into a Continue Reading
The eurozone economy contracted by 0.6 percent over the first three months of the year, sliding back into recession, as the still-raging pandemic prompted governments to extend lockdowns. Coming a Continue Reading
New resolution in response to Navalny case, military build-up Calls for oil, gas import ban if Russian invades Ukraine Parliament resolutions non-binding on EU, member states The European Parliament has Continue Reading
Building power plants in the middle of the sea was never going to be easy. The world’s largest developer of offshore wind farms Orsted A/S has found that some of Continue Reading
