India is at the ready to purchase more Iranian oil immediately if U.S. sanctions on Iran are lifted, a government official has threatened in the latest escalation of the India-Saudi Continue Reading
Over the last decade it has been a wild ride for Ecuador’s trouble-plagued but economically crucial oil industry. Former president Rafael Correa’s heavy-handed policies, centered around oil nationalism and greater Continue Reading
The US oil and natural gas rig count jumped nine to 528 in the week ending April 7, rig data provider Enverus said, as drilling activity pulled back slightly in Continue Reading
A massive fire erupted on Wednesday evening at an oil refinery operated by Petroleos Mexicanos (Pemex) in the city of Minatitlan in the eastern Mexican state of Veracruz, reported Reuters Continue Reading
Leaders of the U.S. Senate Foreign Relations Committee introduced major legislation on Thursday to boost the country’s ability to push back against China’s expanding global influence by promoting human rights, Continue Reading
General Motors Co and Ford Motor Co both said on Thursday they will cut more vehicle production due to a semiconductor chip shortage that has roiled the global automotive industry. Continue Reading
Californian drivers are edging closer to paying $4 for a gallon of gasoline with the state open for business again and Governor Gavin Newsom planning for a summer with almost Continue Reading
The number of Americans applying for unemployment benefits rose last week to 744,000, signaling that many employers are still cutting jobs even as more people are vaccinated against COVID-19, consumers Continue Reading
Amazon is among the signatories to a letter opposing the new law. Its chief executive, Jeff Bezos, is pictured here atop a turbine at a company wind farm in Texas Continue Reading
GM shed some light on its EV tech research to produce much cheaper EV batteries, which will be key for its EV transformation. The automaker is experimenting with different types Continue Reading
Maintenance at a Cheniere Energy facility was set to drag natural gas deliveries to U.S. liquefied natural gas (LNG) export facilities on Thursday to the lowest level since the end Continue Reading
Above-average injections into US gas storage fields during shoulder season suggest stocks might fill early this year, presenting a possibly bearish market landscape this summer. Receive daily email alerts, subscriber Continue Reading
It’s common to hear from old time residents of the Eastern Upper Peninsula (EUP) of Michigan that the winters just aren’t what they used to be. That can be said Continue Reading
The prototype of the device meant to stave off climate devastation looks like a shipping container wrapped in vibrant green Venetian blinds. Fans atop this shell are designed to draw Continue Reading
Fracking crews are increasing their activity in U.S. shale basins, finishing off a slew of DUC wells, according to the EIA’s latest Monthly Drilling Report. As oil and gas companies Continue Reading
ARPA-E announced up to $35 million for a new program focused on developing technologies to reduce methane emissions in the oil, gas, and coal industries: “Reducing Emissions of Methane Every Continue Reading
The Atlantic hurricane season is poised to be another wild one, with forecasters predicting an above-average 17 named storms sweeping out of the basin. (Bloomberg) — The Atlantic hurricane season Continue Reading
Last week, President Joe Biden unveiled a $2 trillion infrastructure plan that, if passed by Congress, would protect the U.S. from climate change and prepare its economy for a transition Continue Reading
Spain and Italy have moved to limit the use of the Oxford/AstraZeneca vaccine to people aged above 60, in shifts that will complicate the countries’ efforts to step up their vaccination Continue Reading
A top Russian official has warned that Moscow could intervene to help Russian-speaking residents in eastern Ukraine if Ukraine launches an all-out assault on separatists there. Russian-backed separatist rebels and Continue Reading
Some Polish doctors and nurses are just taking naps between shifts as they fight a third wave of the coronavirus, the health minister said on Friday, amid reports of medical Continue Reading
Germany and France, the euro area’s two largest economies, both saw unexpected declines in industrial production in February, suggesting that coronavirus restrictions are increasingly harming parts of the economy that Continue Reading
Crude oil futures fell in mid-morning trade in Asia on April 8 as a build in US gasoline stocks and a resurgence of COVID-19 in several countries raised concerns over Continue Reading
OPEC and partners are betting on a significant boost in oil demand over the coming months as member states get ready to ramp up oil production. OPEC, Russia, and their Continue Reading
A stronger global economy this year is set to accelerate oil demand growth to 5.5 million barrels per day (bpd), the U.S. Energy Information Administration (EIA) said in its Short-Term Continue Reading
Oil held a gain above $59 a barrel as prospects for faster, vaccine-aided economic growth boosted the outlook for energy demand. West Texas Intermediate was steady after rising 1.2% on Continue Reading
Shipping companies ordered a record volume of container ships last month in a sign of the industry’s confidence in booming global trade following the pandemic. The bumper month smashed the previous Continue Reading
Methane levels in the atmosphere surged during 2020, marking the biggest increase since records began in 1983, in what scientists called a worrying development for the planet. New data showed both Continue Reading
In a new piece of research, BloombergNEF (BNEF) finds that the levelized cost of hydrogen (LCOH 2 ) made from renewable electricity is set to fall faster than it previously Continue Reading
Oil fell as bearish virus news from India to Japan underpinned the outlook for a staggered recovery in consumption. West Texas Intermediate slid 0.6%, though remains within the $5 range Continue Reading
CIC The Saudi-led coalition fighting in Yemen says the Saviz is an Iranian military ship An explosion has damaged an Iranian cargo ship anchored off Yemen’s Red Sea coast that Continue Reading
Tensions are rising between Egypt and Ethiopia as Addis Ababa moves closer to diverting water to a massive hydroelectric project on the Nile that has been a center of a decade-long dispute Continue Reading
Suleiman Babamanu’s path to the heart of Nigeria’s biggest solar power program started in disappointment. After university he worked as a trainee geoscientist for a unit of the Nigerian National Petroleum Continue Reading
A match has been going on in global oil, which has stayed largely out of the spotlight as the world focuses on the pandemic and its effect on demand. The Continue Reading
Public health experts are raising alarm over Brazil this week, as the pandemic-hit nation has reached several grim coronavirus milestones, including a record number of deaths and the possible spread Continue Reading
When former U.S. President Donald Trump ascended into the Oval Office in January 2017, he kicked off his presidency by investigating unfair trade practices in China as part of his Continue Reading
South Korea has shut two nuclear reactors due to an influx of marine organisms just two weeks after restarting them after an earlier influx, company officials said April 8, adding Continue Reading
China’s ambitions to develop a massive rare-earth mine have run into a maelstrom of local politics in a part of the world the U.S. considers vital to its national security interests. The Continue Reading
The bulk of gasoline imports head to USAC Texas refiners returning from February outages RBOB crack spread weakens on stock build US gasoline inventories climbed 4.04 million barrels to 234.59 Continue Reading
U.S. crude oil refinery inputs averaged 15.0 million barrels per day during the week ending April 2, 2021 which was 103,000 barrels per day more than the previous week’s average. Continue Reading
The US Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. Continue Reading
SAE International announced revisions to SAE J3072 Standard: Interconnection Requirements for Onboard, Utility-Interactive Inverter Systems and SAE J2847/3 Recommended Practice: Communication for Plug-in Vehicles as a Distributed Energy Source . Continue Reading
Two of the world’s largest electric-vehicle battery makers have hired top Washington insiders to hold near-daily meetings with the Biden administration in a battle that could affect the electrification plans of Ford Motor Continue Reading
A highly infectious variant of the coronavirus that was first identified in Britain has become the most common source of new infections in the United States, the director of the Continue Reading
As states lift restrictions and coronavirus variants spread, scientists and federal health officials have warned that a fourth surge of cases could arise in the United States even as the nation’s vaccination campaign Continue Reading
After the novel coronavirus tore through communities worldwide and left a path of economic and public health devastation in its wake, many sectors are still struggling to recover. Compared to Continue Reading
In Texas and New Mexico, state regulators are already on the hook for cleaning up more than 7,000 orphaned oil and gas wells, which can leak contaminants into nearby air Continue Reading
Chancellor Angela Merkel supports demands for a short, tough lockdown in Germany to curb the spread of the coronavirus as infection rates are too high, a German government spokeswoman said Continue Reading
The president and auto industry maintain the nation is on the cusp of a gigantic shift to electric vehicles and away from liquid-fueled cars, but biofuels producers and some of Continue Reading
The U.K.’s vaccines advisory body said the Covid-19 vaccine produced by AstraZeneca PLC should preferably not be given to people under 30 following concerns that it causes potentially deadly blood clots in Continue Reading
