Norway’s $1.3tn oil fund has made its first investment in renewable infrastructure, shrugging off concern about the recent prices paid for wind power projects, as its chief executive said he Continue Reading
Hydro is exploring the potential for developing and operating hydrogen facilities to meet large internal demand as well as serving an external market, leveraging the company’s industrial and renewable power Continue Reading
Crude oil futures were rangebound in mid-morning trade in Asia April 7 as a build in US gasoline stocks countered a stronger macroeconomic outlook in two closely-watched reports released late Continue Reading
The American Petroleum Institute (API) on Tuesday reported a modest draw in crude oil inventories of 2.618 million barrels for the week ending April 2. Analysts had predicted a smaller 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
Oil rose as a brighter economic growth outlook and calls for a summer travel pickup eased concerns around the impact of a resurgent coronavirus. Futures in New York closed 1.2% Continue Reading
Strong economic data from China and the United States helped lift oil prices by more than 1% on Tuesday, recouping some of the previous session’s losses. Brent gained 83 cents, Continue Reading
The so-called ‘noble’ or ‘inert’ gases such as helium, argon, neon, xenon, and krypton frequently tend to be confined to niche markets. But whereas their stable structure renders them mostly Continue Reading
The April Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty because responses to COVID-19 continue to evolve. Reduced economic activity related to the COVID-19 pandemic has caused changes in Continue Reading
The International Monetary Fund is now forecasting a stronger economic recovery this year and next. The IMF has upgraded both its UK and global forecasts compared with what it projected Continue Reading
Iranian oil potentially returning legitimately to the market will not be a shock and a complete return will not take place at least until the summer of next year, Goldman Continue Reading
Highlights Working groups to set out path for oil sanctions relief Iranian envoy says meeting was ‘constructive’ JCPOA signatories to convene again April 9 London — The US and Iran Continue Reading
Diplomats from the U.S. and Iran converged in Vienna on Tuesday in an attempt to revive the beleaguered 2015 nuclear agreement, the first potential thaw in diplomatic relations between Tehran Continue Reading
U.S. and Iranian officials said Tuesday an initial day of talks in Vienna on returning to the 2015 nuclear deal were “constructive,” but the Biden administration cautioned that no immediate Continue Reading
Occidental Petroleum Corp. praised OPEC and its allies for managing crude markets out of last year’s historic crash and said the U.S. shale industry is thankful for its efforts. “They’ve Continue Reading
Last week’s surprise decision from OPEC+ to ease the production cuts by a cumulative 2 million barrels per day (bpd) by July relies on expectations of robust oil demand recovery Continue Reading
Three key developments were announced last week by the UAE in line with its role as a principal member of the U.S.’s new Middle East strategy to counter China’s dramatically Continue Reading
Oil investors now have to contend with another wildcard: Iran soon returning to the oil markets. After a three-year layoff, Iran could be poised to officially rejoin the ranks of Continue Reading
Iran’s foreign ministry confirmed April 7 that an explosion caused damage on an Iranian ship in the Red Sea and said the blast was under investigation, state television reported. “The Continue Reading
French group Total suspends work at gas plant near Palma despite authorities’ claims order has been restored. The attack bore all the hallmarks of the Islamist insurgents that have terrorised Continue Reading
Qatar Petroleum found itself in the limelight of the LNG scene in 2021, having clinched two major deals with Pakistan and China. All the while media buzz around the supply Continue Reading
The International Energy Agency (IEA) forecasts that crude oil capacity in Nigeria will drop by 200,000 barrels to 1.6 million barrels per day by 2026 due to low investment. It Continue Reading
India’s second wave of coronavirus infections continued to swell as it reported a record 115,736 new cases on Wednesday, a 13-fold increase in just over two months and raising pressure Continue Reading
Brazil’s brutal surge in COVID-19 deaths will soon surpass the worst of a record January wave in the United States, scientists forecast, with fatalities climbing for the first time above Continue Reading
China will drive global economic growth in the coming years as the world recovers from an pandemic that’s killed 2.9 million people, the International Monetary Fund predicts. China will contribute Continue Reading
In Beijing, the vaccinated qualify for buy-one-get-one-free ice cream cones. In northern Gansu Province, a county government published a 20-stanza poem extolling the virtues of the jab. In the southern Continue Reading
China’s one-child policy started in the 1980s to slow population growth, with some exemptions eventually coming about. In recent years it’s been relaxed to allow families’ to have two children. Continue Reading
As governments are looking to put a price on carbon or raise current carbon taxes, the oil and gas industry globally is bracing for the impact of those levies on Continue Reading
Canada’s climate strategy to significantly cut emissions and become a net-zero emissions economy by 2050 will create a seismic shift in the large oil and gas sector, where up to Continue Reading
US gas storage fields likely posted a net injection roughly three times the five-year average for the second build of the year for the week ended April 2 with some Continue Reading
The US Energy Information Administration forecast coal production of 585 million st in 2021, up 8.6% from 2020 output of almost 540 million st, the EIA said April 6. Receive Continue Reading
Startup Max Midstream plans to put a new Texas crude export hub on the map in early-May when it ships its first cargo that is bound for northwestern Europe, founder Continue Reading
Phillips 66 Partners is officially pulling out of the long-deferred Liberty Pipeline project that was designed to move 350,000 b/d of crude oil from the Rockies and Bakken Shale to Continue Reading
Nearly 80 percent of school staff and child care workers in the United States have received at least one dose of the coronavirus vaccine, the Centers for Disease Control and Continue Reading
Drivers eager to get back on the road more than a year into the pandemic will face the highest summer gasoline prices since 2018, according to a U.S. government report. Continue Reading
Russia is slashing its estimates for domestic crude oil, gas, and coal production for 2021 and 2022, according to the latest amendments in the government’s program for energy development. As Continue Reading
Royal Dutch Shell Plc said it expects to make the first profit from pumping oil since the start of the pandemic. Shell’s upstream unit, which largely handles the exploration and Continue Reading
Crude oil futures regained some strength in mid-morning trade in Asia April 6 on the back of a weaker US dollar and healthy US economic data, after a steep selloff Continue Reading
Oil rebounded as the chances of a breakthrough in talks to revive an Iranian nuclear accord were seen by analysts as slim, reducing the odds that crude flows from the Continue Reading
Oil plunged the most in nearly two weeks as growing delays in Europe’s reopening and looming Iranian supply dampened hopes for a swift decline in global inventories. Futures in New Continue Reading
Goldman Sachs is still bullish on oil and anticipates strong demand that would require OPEC+ putting another 2 million barrels per day (bpd) on the market in the third quarter, Continue Reading
The Sarqala oil field has restarted after a dispute within the Patriotic Union of Kurdistan (PUK) party led to the temporary shutdown of its 30,000 barrels per day (bpd) of Continue Reading
Iran wants the removal of Trump-imposed US sanctions before it scales back atomic activities under the 2015 nuclear deal, a senior official said ahead of a April 6 Vienna meeting Continue Reading
Iraq’s total crude exports in March, including flows from the semi-autonomous Kurdistan region, fell 0.8% month on month, data from the oil ministry and shipping reports showed, amid signs of Continue Reading
Many Indian state leaders have asked Prime Minister Narendra Modi to open up vaccinations to most of the country’s hundreds of millions of adults, following a second surge in infections Continue Reading
Iran and the United States will hold indirect talks in Vienna on Tuesday aimed at bringing both countries back into full compliance with the 2015 nuclear deal that Washington abandoned Continue Reading
The construction site for a new highway and metro development in Riyadh, Saudi Arabia, May 19, 2020. Sign up for our coming Middle East newsletter and follow us @middleeast for Continue Reading
Official estimates are that Iraq’s proven reserves of conventional natural gas amount to at least 3.5 trillion cubic meters (tcm), or about 1.5 percent of the world’s total, placing Iraq Continue Reading
Fracking activity in Vaca Muerta, the biggest shale play in Argentina, rose 7% to 733 frac stages in March from the previous month, reaching the highest level on record as Continue Reading
Venezuelan President Nicolas Maduro is well-known for his saber-rattling, much of which is designed to distract Venezuelans from the severe economic crisis sweeping the country and the brutality of his Continue Reading
