In his “American Jobs Plan,” President Joe Biden aims to achieve unprecedented investment in action to address climate change by wrapping it in the kind of federal spending package that Continue Reading
Russia increased its oil production in March amid a more generous OPEC+ quota, even as rising coronavirus cases threaten oil demand in the short-term. The nation pumped 43.34 million tons Continue Reading
Temperatures in much of Europe are running 20 degrees or more above average as an early-season heat dome, a strong high-pressure system several miles up in the atmosphere that traps Continue Reading
While the world is focused on OPEC news and Easter preparations, the Ukrainian crisis is heating up and there is a real threat of a military confrontation involving Ukraine, Russia, Continue Reading
Harsh winters are always bad news for energy consumers. But they are good news for those that produce the energy that consumers use. This winter has been no exception: harsh Continue Reading
Crude oil futures rose during Asian mid-morning trade April 1 after data from the US Energy Information Administration showed a draw in crude and gasoline inventories, with the market gleaning Continue Reading
Oil rose above $60 a barrel in New York ahead of a high-stakes OPEC+ policy meeting, with producers debating whether to extend deep supply curbs to drain stockpiles and safeguard Continue Reading
Oil fell the most in roughly a week after France announced it will start a month-long lockdown. (Bloomberg) — Oil fell the most in roughly a week after France announced Continue Reading
Renewable energy sources can help lower emissions from electricity generation, but they have limitations when it comes to other sectors. Wind and solar, for example, can’t help much with the Continue Reading
Despite recent signs of weakening oil demand as Europe grapples with a new wave of COVID cases, the crude oil futures market structure still points to demand beginning to outpace Continue Reading
OPEC+ alliance meets April 1 to decide May production levels Oil inventories remain above targeted 2015-2019 average Many members favor quota rollover, but length still undecided The outlook for the Continue Reading
A large increase in Iranian oil production pushed overall OPEC oil output higher in March compared to February, the monthly Reuters survey found on Wednesday, suggesting that higher supply from Continue Reading
Libya may be able to maintain its current level of oil production of around 1.2 million barrels per day (bpd) until the end of the year as the oil sector Continue Reading
Iraq’s Parliament votes for an emergency 12 trillion ($10.2 billion) financing law on Nov. 12, 2020. (Source: Iraqi Parliament media office) Iraq’s Oil Ministry has reviewed a version of a Continue Reading
India began vaccinating tens of thousands of people above the age of 45 on Thursday in its biggest push yet against a surging coronavirus that has hit the highest daily Continue Reading
U.S. climate envoy John Kerry will hold talks with Indian leaders during an Asian tour starting on Thursday in an effort to narrow differences on climate change goals to slow Continue Reading
Peru has struggled for over a decade to build its hydrocarbon sector and boost crude oil reserves and production. 2020 was particularly difficult for the Andean country’s crisis-ridden petroleum industry Continue Reading
Coal, the dirtiest of the world’s fossil fuels, has been in terminal decline for years now. Investment in the once-vital commodity has crashed, and the ESG movement is only accelerating Continue Reading
Chinese smartphone maker Xiaomi will set up an electric vehicle (EV) unit with an investment of US$10 billion over ten years, joining a competitive electric car market at home. “The Continue Reading
China’s build-up of oil refining capacity is threatening the viability of other Asian refiners as the country is about to become the world’s largest refiner this year amid still depressed Continue Reading
The fishing grounds where Jung Kuenbae and his forbears have caught shrimp, butterfish and croakers for three generations are going to be turned into the world’s largest offshore wind farm. Continue Reading
The rise of China’s mega-refineries was always going to make life tougher for their competitors across Asia. But the fallout from Covid-19 is hastening the impact and accelerating consolidation across the Continue Reading
Gasoline sales in the U.S. exceeded 2020 levels for the first time this March after a tough year of decreased demand. Same-store sales of U.S. gasoline in gallons for the Continue Reading
US crude oil inventories edged lower in the week ended March 26 as refinery demand tested one-year highs, US Energy Information Administration data showed March 31. Not registered? Receive daily Continue Reading
Highlights Could mean oil-bearing Nanushuk formation larger than believed Initial data indicates presence of light, high-quality oil Anchorage — Australian independent 88 Energy has made an apparent oil discovery with Continue Reading
The Biden administration is purging members of two of the scientific advisory committees that guide the work of the Environmental Protection Agency, a move designed to shrink the influence of industry Continue Reading
President Biden is a muscle-car guy — one of his most prized possessions is a 1967 Corvette that he got from his father. But he’s trying to make this an electric vehicle Continue Reading
Coronavirus deaths in the United States last year fueled a rise in the nation’s mortality rate for the first time since 2017, the Centers for Disease Control and Prevention said in Continue Reading
President Biden’s $2 trillion infrastructure plan represents an enormous effort to protect Americans from climate change, but it sidesteps one of the most immediate and wrenching dilemmas: Deciding not just Continue Reading
Soaring American exports of liquefied natural gas (LNG) could become a powerful tool of the Biden Administration to help other countries reduce their carbon footprint from more emission-intensive fossil fuels Continue Reading
Plan includes $100 billion for power infrastructure Heavy EV, electrification focus seen at expense of oil, gas President Joe Biden’s $2 trillion infrastructure and energy plan would dramatically reshape the Continue Reading
It would require the owners of all power generators, transmission lines, natural gas facilities and pipelines to protect their facilities against extreme weather. (Bloomberg) — The Texas Senate passed a Continue Reading
The deployment used Halliburton’s intelligent fracturing system. Halliburton Co. (NYSE: HAL) reported Tuesday that it has given a major operator real-time automated control of fracture placement while pumping on a Continue Reading
When one of the world’s largest container ships became wedged in the Suez Canal last week, it raised questions about impacts to global supply chains, the dangers of a globalized Continue Reading
French President Emmanuel Macron announced a nationwide four-week lockdown, closing schools and business, in the latest and alarming sign that Europe is yet again losing control of the pandemic. “We did Continue Reading
Russia is set to remain the dominant gas supplier to Europe up to 2040, according to the latest long-term European gas outlook from S&P Global Platts Analytics. Russia’s market share Continue Reading
With the OPEC+ group due to meet April 1 to determine May production levels, analysts expect Russia to keep maintain its push for a moderate output increase given increased demand Continue Reading
Factories across Europe and Asia ramped up production in March as a solid recovery in demand helped manufacturers move past the setbacks of the pandemic, although escalating costs and supply- Continue Reading
