A new round of US sanctions issued April 15 targeting Russian entities and individuals could have knock on effects into the energy space while not specifically targeting the sector, analysts Continue Reading
Would not lead to de-escalation by Moscow: Maas Renewed calls for moratorium on pipeline construction Moscow eyes first gas via Nord Stream by end-summer German foreign minister Heiko Maas has Continue Reading
Crude oil futures ticked lower during mid-morning in Asia April 15 on profit-taking, after a bullish report from the US’ Energy Information Administration sent prices hurtling nearly 5% higher overnight, Continue Reading
Oil surged to the highest level in a month — breaking out of a weeks-long holding pattern — as shrinking crude stockpiles in the U.S. supported hopes for a global Continue Reading
Crude oil prices climbed on Wednesday morning after the Energy Information Administration reported crude oil inventories had shed 5.9 million barrels in the week to April 9. This compared with Continue Reading
Oil surged to the highest level in a month — breaking out of a weeks-long holding pattern — as shrinking crude stockpiles in the U.S. supported hopes for a global Continue Reading
The International Energy Agency revised higher its oil demand forecast for this year but warned of “lingering concerns” over the strength of the recovery in consumption. The Paris-based organization said in Continue Reading
Has peak oil demand already come and gone? That’s an exceptionally hard question to answer. There are some experts that say unequivocally, yes. They claim that peak oil is already Continue Reading
Rebound in US domestic air travel leading global recovery Uncertainty about vaccine ‘passports’ hanging over outlook Jet demand seen recovering almost 600,000 b/d in June Global air travel continues to Continue Reading
Corporate executives and investors say they want world leaders at next week’s climate summit to embrace a unified and market-based approach to slashing their carbon emissions. FILE PHOTO: A farmer Continue Reading
Highlights Industrial demand to drive global increase But warns of continued impact of pandemic European gas demand set to rise by 3% in 2021 London — Global gas demand is Continue Reading
U.S. shale producers risk another oil-price war with OPEC and its allies if they resume the breakneck production growth of the last decade, according to Pioneer Natural Resources Co. Shale, Continue Reading
A coalition of U.S. manufacturers and environmental organizations is calling on the federal government to quickly phase out the worst climate super-polluting chemicals currently used in air conditioners, refrigerators and Continue Reading
The United States and Iran will reconvene indirect talks aimed at reviving the 2015 Iranian nuclear deal on Thursday in Vienna, White House press secretary Jen Psaki said. There have Continue Reading
Ayatollah Ali Khamenei used to only wear the chequered keffiyeh scarf on special, mainly military, occasions: visits to war fronts with Iraq in the 1980s or army ceremonies. But since Continue Reading
Iran’s top leader said on Wednesday that his country would keep negotiating with world powers over how to salvage the 2015 nuclear deal, quashing speculation that Iran’s delegation would boycott Continue Reading
Uganda has signed a landmark deal with Tanzania for the construction of the world’s longest electrically heated crude oil pipeline, working in partnership with French oil supermajor Total. The 1440km Continue Reading
President Samia Suluhu Hassan of Tanzania and President Yoweri Museveni of Uganda. Ugandans are making disparaging comments on social media about the multibillion-dollar oil pipeline deal that the country has Continue Reading
As Covid-19 roars back in India, migrant workers who had just started to resettle in the cities they left during last year’s outbreak are packing up to return to their villages Continue Reading
As the summer months draw nearer, usually meaning a rise in oil demand for India, increased pandemic restrictions threaten this trend in the world’s third-largest oil importer. According to a Continue Reading
Petroleos Mexicanos expects its gasoline sales won’t fully recover to pre-pandemic levels this year as lockdown measures hurt demand and competitors win market share. While the state-owned company’s gasoline sales are Continue Reading
Pampa Energia, the fifth-biggest natural gas producer in Argentina, is taking its first steps to produce oil from the Vaca Muerta shale play while also stepping up gas output on Continue Reading
China’s economy likely grew at a record pace of 19% in the first quarter, rebounding from a pandemic slump early last year as demand recovered at home and abroad and Continue Reading
The U.S. economic recovery accelerated to a moderate pace from late February to early April as consumers, buoyed by increased COVID-19 vaccinations and strong fiscal support, opened their wallets to Continue Reading
The U.S. economy is emerging from a year of lockdowns in a big way and that’s showing up in the oil market. A rolling average of U.S. gasoline demand rose to Continue Reading
A group of 175 former world leaders and Nobel laureates is urging the US to take “urgent action” to suspend intellectual property rights for Covid-19 vaccines to help boost global Continue Reading
The cost of building solar farms has been declining for several years, making solar power increasingly popular with projects of all sizes mushrooming around the world. The tide is now Continue Reading
Over the past 60 years, U.S. oil production has seen its ups and downs. From the decline that began in 1970 through the fracking boom of the 2000s, U.S. presidents Continue Reading
Canada’s crude oil imports fell by 20 percent in 2020 due to lower demand in the pandemic, but the United States further cemented its position as top oil supplier to Continue Reading
The U.S. power sector has reduced emissions by 52 percent from levels projected 15 years ago, and is now “halfway to zero,” a New Berkeley Lab study showed , as Continue Reading
Another bout of power supply shortages hit Texas this week amid power plant maintenance season, prompting the Electric Reliability Council of Texas to call on Texans to conserve energy. However, Continue Reading
Highlights Crude stocks fall 5.89 million barrels Refinery inputs strongest since March 2020 Gasoline demand hits eight-month high US crude oil inventories saw a third weekly draw in the week-ended Continue Reading
Weekly US crude exports fell over the week ended on April 9, however, despite the week-on-week fall, the four-week moving-average for US crude exports rose to its highest level since Continue Reading
Texas came uncomfortably close to another round of rolling blackouts Tuesday night because grid operators misjudged the weather. The Electric Reliability Council of Texas, which manages most of the state’s grid, Continue Reading
Joe Biden’s plan to plug tens of thousands of abandoned oil wells across the US risks rewarding fossil fuel operators who shirk their clean-up responsibilities and hooking the industry on Continue Reading
After a day that many hoped might add clarity to the rollout of Johnson & Johnson’s troubled Covid-19 vaccine, the picture on Thursday is as muddy as ever in the Continue Reading
Just three years ago, the Permian shale oil boom was under threat: production was growing fast, but pipeline capacity wasn’t. At one point , over one two-week period, eight of Continue Reading
Meeting rising gasoline demand heading into the summer months is the best bet for U.S. refineries to stop the losses they had incurred last year and in the first quarter Continue Reading
As the U.S. and global economy recover, production in the Permian Basin is finally returning to pre-pandemic production levels as the American oil industry gets back on track. By May, Continue Reading
American Airlines expects its domestic and international seat capacity during the summer travel season to be within 10% and 20% of levels seen in the same period of 2019, the Continue Reading
Russia and Ukraine held simultaneous military drills on Wednesday as NATO foreign and defence ministers began emergency discussions on a massing of Russian troops near the Ukrainian border. Washington and Continue Reading
The future of batteries, sought for decades by academics, startups, and corporate R&D armies is—quite possibly—just a slender sheet of ceramic material that’s supple enough to bend between two fingers. Continue Reading
With Europe expected to lead the world in electric-car sales for a second straight year, an epic rush to build a battery-supply chain from scratch is playing out across the Continue Reading
Far beyond the United States and Europe, the safety scares engulfing the AstraZeneca and Johnson & Johnson vaccines have jeopardized campaigns to inoculate the world, undercutting faith in two sorely Continue Reading
Saudi Arabia’s state oil giant Aramco, the world’s largest oil exporter, will meet only part of the nominations for crude from the European and Mediterranean regions for loading in May, Continue Reading
Russia’s revised oil strategy will focus on maximizing monetization from crude exports before hitting peak production in 2027-2029 and seeing world demand drop, according to a draft document on the Continue Reading
Slideshow ( 2 images ) BERLIN (Reuters) – The number of confirmed coronavirus cases in Germany jumped on Thursday by 29,426 to 3.073 million, the biggest increase since Jan. 8 Continue Reading
The United States will announce sanctions on Russia as soon as Thursday for alleged election interference and malicious cyber activity, targeting several individuals and entities, people familiar the matter said. Continue Reading
Crude oil futures were higher in mid-morning trade in Asia April 14, despite a pause in the Johnson & Johnson vaccine rollout and mixed data from the American Petroleum Institute, Continue Reading
A year after the pandemic and a price war sparked one of the weakest months in history for oil prices, the global energy market is well on its way to recovery, Continue Reading
