Oil rose above $64 a barrel in New York, aided by a recovery in equities and a softer dollar.West Texas Intermediate increased 1%, reversing some of Thursday’s slump as the dollar’s drop Continue Reading
Oil slumped the most in over a month alongside a commodities downturn as growing inflation concerns raise the specter of a less accommodative U.S. Federal Reserve. West Texas Intermediate futures Continue Reading
In just one year, the world’s largest lithium producers turned from cautiously optimistic about prices and very careful about expansion projects to decisively bullish on near, medium, and long-term demand Continue Reading
Palestinian militants fired more rockets into Israel’s commercial heartland on Thursday as Israel kept up a punishing bombing campaign in the Gaza Strip and massed tanks and troops on the Continue Reading
Israel’s military said it has begun ground operations against Hamas in Gaza, escalating its offensive against the militant group. Lt. Col. Jonathan Conricus, an Israeli military spokesman, said ground and Continue Reading
Israel reeled from its worst outbreak of communal violence in years as western and regional powers stepped up diplomatic efforts to end the conflict between Palestinian militants and Israeli forces. Violence Continue Reading
Recent news reports were replete with Iraq declaring its willingness to invest $15 billion into new gas-focused projects that could reduce its reliance on one of Baghdad’s long-standing problems, its Continue Reading
Iran is looking to persuade its regional rival Saudi Arabia to help it to sell Iranian crude oil on international markets in exchange for limiting attacks from the Iran-aligned Houthi Continue Reading
U.S. supermajor Chevron has complied with instructions from Israel’s energy ministry to shut down operations at the Tamar natural gas field offshore Israel after the violence between Israel and Gaza Continue Reading
India’s tally of coronavirus infections climbed past 24 million on Friday, amid reports that the highly transmissible variant first detected in the South Asian nation was spreading across the globe. Continue Reading
Colonial Pipeline initiated the restart of pipeline operations on Wednesday, the company revealed. Colonial Pipeline initiated the restart of pipeline operations on Wednesday, the company revealed. The business said it Continue Reading
Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the company had no intention of paying an extortion fee to Continue Reading
Colonial online following restart late May 12 Higher rack prices reflect local shortages Will take several days to return to normalcy following restart w Colonial Pipeline is delivering fuel to Continue Reading
The US oil and gas rig count jumped 10 on the week to 555, rig data provider Enverus said May 13, as upstream operators wrapped up first-quarter calls on an Continue Reading
House lawmakers advanced language authorizing $8 billion for the U.S. Postal Service to buy more electric vehicles as the agency modernizes its aging fleet. The House Oversight and Reform Committee added Continue Reading
Does the hydrogen hype that once surrounded cars have better prospects with planes? Yes, but probably not in time to meet the aviation industry’s emissions targets. The past year has Continue Reading
Russia’s climate envoy described a recent global trend towards ambitious new targets to reduce greenhouse gas emissions as an “unreasonable race”, saying Moscow would focus on the commitments it has Continue Reading
Joe Biden said the US government has “strong reason” to believe the hackers behind a massive cyber attack that shut the Colonial petroleum pipeline were based in Russia, as he Continue Reading
Annalena Baerbock was born the same year as Germany’s Green Party, then a fringe mix of peace activists, environmentalists, equal rights campaigners and members of the anti-nuclear movement, skeptical of Continue Reading
Transforming the site of what once was a Soviet-era car factory into a state-of-the-art facility churning out Russia’s COVID-19 vaccine Sputnik V was the easy bit. Making doses in bulk, Continue Reading
Paris Mayor Anne Hidalgo set an audacious new benchmark in her ongoing campaign to reduce car use across the French capital: a ban on most vehicle traffic crossing the city Continue Reading
The European Union is aiming to step up its efforts to cut pollution from sectors like industry and agriculture as part of its biggest economic overhaul to date. The overarching goal is Continue Reading
Norsepower Oy Ltd., the leading global provider of auxiliary wind propulsion systems, announced the installation of five tilting Rotor Sails ( earlier post ) on board a new-build Very Large Continue Reading
Oil prices fell more than 2% on Thursday as India’s coronavirus crisis deepened and a key U.S. pipeline resumed operations, halting a rally that had lifted crude to an eight-week Continue Reading
Oil rose to the highest since early March with a second straight weekly decline in U.S. crude supplies underscoring the progress the world has made in draining a record supply Continue Reading
The rally in oil prices took a breather today after the Energy Information Administration reported a crude oil inventory draw of 400,000 barrels for the week to May 7. This Continue Reading
Global oil consumption is now forecast to rise by 5.4 mb/d in 2021, 270 kb/d lower than in our previous Report. Europe and OECD Americas have been revised down by Continue Reading
The excess oil inventories of the past year have been all but depleted, and a strong demand rebound in the second half this year could lead to even steeper stock Continue Reading
Commodity price hedging is a popular trading strategy frequently used by oil and gas producers as well as heavy consumers of energy commodities such as airlines to protect themselves against Continue Reading
United Airlines (UAL.O) , Delta Air Lines (DAL.N) , and American Airlines (AAL.O) have canceled flights between the United States and Tel Aviv, according to data by flight tracker FlightAware, Continue Reading
Qatar is in discussions with Chinese state energy giants to potentially make them equity partners in the world’s largest liquefied natural gas (LNG) project, in what could be a strategic Continue Reading
London — A fire broke out at the Trans-Israel or Eilat-Ashkelon pipeline in Ashkelon, Israel, after a rocket from Gaza hit a crude oil storage tank on May 11, according Continue Reading
Highlights Platform shut in after instructions from energy ministry Continues production from larger Leviathan field Chevron working to ensure gas supplies continue in ‘safe’ manner London — US major Chevron Continue Reading
An Israeli airstrike in the southern Gaza Strip early Wednesday.Credit…Youssef Massoud/Agence France-Presse — Getty Images An explosive new round of hostilities between Israel and Palestinian militants in Gaza broadened with Continue Reading
A new front opened in the military showdown between the Israeli Army and Palestinian militants in Gaza on Wednesday as a wave of mob violence between Jews and Arabs spread Continue Reading
The killings take place in public and are captured on surveillance footage. Those videos are then watched by millions. But even if the gunmen are identified, no one is prosecuted, Continue Reading
Central to the expansion of Chinese and Russian influence via Iran into the space in the Middle East vacated by the U.S. since former U.S. President Donald Trump initiated a Continue Reading
ExxonMobil has revised upward its 2025 crude oil production in Guyana on the back of its fourth deepwater project there. Under new estimates, Exxon expects to produce 800,000 bpd by Continue Reading
Nowadays one of the main buzz stories of the crude market has been focusing on Indian oil demand slumping as a consequence of the COVID-19 surge. As painful as India’s Continue Reading
Gasoline and diesel prices in India hit a new record-high on Wednesday, adding another concern for the oil market about demand in the world’s third-largest oil importer. India is reeling Continue Reading
India recorded more than 4,000 COVID-19 deaths for a second straight day on Thursday, while infections stayed below 400,000 for a fourth day, although the virus has become rampant in Continue Reading
The top U.S. fuel pipeline, which has been disabled by a cyberattack for six days, sent workers to manually release some stored supplies on Wednesday as fuel shortages across the Continue Reading
No drips here. San Diego’s airport has been reusing the water from air conditioner condensation since 2014. In the coastal city of Herzliya, Israel, not far from parched mountains and Continue Reading
Despite Michigan’s deadline to shut down Line 5, Enbridge continues to operate the oil pipeline through the Great Lakes, reiterating that it is up to the U.S. federal government to Continue Reading
The federal Canadian government has warned Washington of Michigan’s plan to shut down a pipeline transporting Canadian crude to U.S. refineries risks worsening bilateral relations. In a legal filing, Ottawa Continue Reading
Colonial Pipeline, the operator of the nation’s largest fuel pipeline network, has begun the process of restarting its service to the East Coast after a six-day shutdown, a company spokeswoman Continue Reading
The owner of the Colonial Pipeline said Wednesday that it has begun restarting operations following a cyberattack that shut down the main fuel conduit serving the East Coast. Colonial Pipeline Co., operator Continue Reading
Wildfires are bigger, and starting earlier in the year. Heat waves are more frequent. Seas are warmer, and flooding is more common. The air is getting hotter. Even ragweed pollen Continue Reading
For years, President Donald Trump and his deputies played down the impact of greenhouse gas emissions from burning fossil fuels and delayed the release of an Environmental Protection Agency report Continue Reading
The audacious ransomware attack that shut down a major fuel pipeline and sent Americans scrambling for gasoline in the Southeast this week was not the first time hackers have disrupted America’s aging, Continue Reading
