Scotland’s leader told British Prime Minister Boris Johnson Sunday that a second Scottish independence referendum is “a matter of when, not if,” after her party won its fourth straight parliamentary Continue Reading
The European Commission intends to ask EU Member States to make an additional effort to increase their share of renewable energy in the power mix, according to a leaked draft Continue Reading
German steel companies thyssenkrupp Steel and HKM and the Port of Rotterdam will jointly investigate setting up international supply chains for hydrogen. In the course of their transformation paths towards Continue Reading
Oil posted a gain this week as expectations for growing economic activity in nations from the U.S. to Europe fueled optimism around stronger summer demand. Futures in New York advanced Continue Reading
There was a slight pullback in oil prices following Wednesday’s highs, but the rally is still very much on and bullish sentiment is palpable as summer driving season nears. For Continue Reading
‘Urgent steps’ needed to cut methane emissions this decade Fossil fuel sector responsible for 35% of emissions Capturing methane adds to oil, gas sector revenues The fossil fuel sector has Continue Reading
India on Saturday reported its highest ever single-day COVID-19 death toll, as cases continued to rise and states imposed stricter lockdowns. India’s health ministry reported 4,187 fatalities over the past Continue Reading
Natural gas imports into China rose 22.4 percent on the year in the first four months of this year to 39.45 million metric tons, Natural Gas World reports , citing Continue Reading
China administered total of 308.23 mln doses of COVID-19 vaccines as of May 7 Staff members sit at desks to register people for a shot of a vaccine against the Continue Reading
In 2020, Americans used 447 million short tons (to distinguish from metric tons) of coal. That’s enough to fill 4 million railroad cars, which sounds like a lot. But it’s also Continue Reading
The Electric Reliability Council of Texas (ERCOT) tried to prevent blackouts during the winter storm by paying large industrial users to cut power consumption, but the program to save electricity Continue Reading
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 8 this week, bringing the total rig count to 448. In Continue Reading
A new U.S. push to cut ship emissions will kick into high gear a multibillion-dollar quest for nonfossil fuels to power oceangoing vessels, but likely will face a backlash from Continue Reading
As a winter storm attacked Texas in February, the state’s grid operator made a last-ditch attempt to avert mass blackouts. The move ended up constraining natural-gas supplies needed by power plants, Continue Reading
Miami-based Norwegian Cruise Line Holdings is threatening to keep its ships out of Florida after the governor signed legislation banning businesses from requiring that customers show proof of vaccination against Continue Reading
The recovery of America’s job market hit a pause last month as many businesses — from restaurants and hotels to factories and construction companies — struggled to find enough workers Continue Reading
U.S. auto parts suppliers warned of more production cuts at major automakers as a global semiconductor chip shortage worsens before easing in the second half of the year and aiding Continue Reading
Factory production and exports increased strongly in Germany in March, according to official statistics released Friday, developments that bode well for the second quarter in Europe’s largest economy as it Continue Reading
Fuel sales in the United Kingdom surged at the end of last week to their highest level since the first lockdown in March last year, according to government data cited Continue Reading
Wright Electric, a company developing an electric single aisle commerical aircraft comparable to the Boeing 737 or Airbus 320 ( earlier post ), has begun testing and has demonstrated a Continue Reading
Russia recorded more than 400,000 excess deaths from last April to this March during the COVID-19 pandemic, according to Reuters calculations based on data from the state statistics agency published Continue Reading
Crude oil futures were rangebound during mid-morning trade in Asia May 7 as the threat of mutant coronavirus strains from India dampened market sentiment, but a weaker US dollar provided Continue Reading
Oil headed for a second straight weekly advance as investors bet on rising energy demand amid a broad rally in commodities, with robust trade data from China highlighting the strength Continue Reading
Oil declined as the coronavirus crisis in India and a slowing demand rebound in the U.S. highlighted the uneven nature of the global recovery. Futures in New York fell 1.4% Continue Reading
Oil prices settled lower on Thursday, reversing early gains under pressure from rising COVID-19 infections in India and elsewhere although prices retained some support from a report a day earlier Continue Reading
We live in a world where words are very carefully chosen. Companies hire public relations firms to give just the right “spin” to what they are saying. Politicians make statements Continue Reading
OPEC and its allies have overproduced their quotas by a cumulative 3.316 million b/d through the end of March, with Russia and Iraq the most egregious offenders, according to an Continue Reading
As the indirect talks between the United States and Iran are making some progress but not major breakthroughs, diplomatic shuttles of U.S. officials and senators in the Middle East in Continue Reading
Insurgents bombed two oil wells at Kirkuk’s Bai Hassan field and killed at least one guard on Wednesday — the latest sign that energy infrastructure remains vulnerable as the self-proclaimed Continue Reading
With coronavirus cases surging to record levels, Indian Prime Minister Narendra Modi is facing growing pressure to impose a harsh nationwide lockdown amid a debate whether restrictions imposed by individual Continue Reading
China now accounts for more greenhouse gas emissions than all of the world’s developed nations combined, according to new research from Rhodium Group. China’s emissions of six heat-trapping gases, including Continue Reading
China is turning to its state-owned coal power companies to helm the next stage of the country’s renewables push, as the sector becomes less attractive to other investors. Private firms Continue Reading
China’s trade with the United States and the rest of the world surged by double digits in April as consumer demand recovered, but growth appeared to be slowing. Global exports Continue Reading
For decades, France’s Valdunes SAS charged premium prices for the wheels it made for high-speed trains and other rail systems around the world. That strategy changed after a Chinese state-owned Continue Reading
China’s economic growth faces headwinds this year due to weaker-than-expected investment spending in the country’s vast manufacturing sector, driven by Beijing’s efforts to rein in pollution and by a profit Continue Reading
Fed says stock market boom, ‘ebullient’ investors warrant caution Booming stocks, internet-driven “meme” investments and the black box of hedge fund financing pose increasing risks as the U.S. economy emerges Continue Reading
The Texas Independent Producers & Royalty Owners Association (TIPRO) has welcomed the passage of senate bill 13. The Texas Independent Producers & Royalty Owners Association (TIPRO) has welcomed the passage Continue Reading
Shortages of semiconductors are battering automakers and tech giants, raising alarm bells from Washington to Brussels to Beijing. The crunch has raised a fundamental question for policymakers, customers and investors: Continue Reading
The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago and a sign of the job market’s Continue Reading
As the indirect talks between the United States and Iran are making some progress but not major breakthroughs, diplomatic shuttles of U.S. officials and senators in the Middle East in Continue Reading
Oil rigs up 10; gas drop 3 Permian rigs back at one-year high Operators maintain capital discipline despite rising cash flows The US oil and gas rig count climbed seven Continue Reading
U.S. employers likely hired nearly a million workers in April as they rushed to meet a surge in demand, unleashed by the reopening of the economy amid rapidly improving public Continue Reading
The governor of Texas in an unusual move on Thursday asked the state’s Supreme Court to accept an Exxon Mobil Corp (XOM.N) petition seeking to reverse a state court decision Continue Reading
February’s freeze and blackouts cut the state’s natural gas production by more than a third from normal levels during the weeklong storm event. Energy Transfer LP emerged as one of Continue Reading
The U.S. oil supermajors are leading by example what shale drilling discipline should look like. Neither ExxonMobil nor Chevron are rushing to boost production in the biggest American shale play, Continue Reading
The US shale industry is set to achieve a significant milestone in 2021: If WTI futures continue their strong run and average at $60 per barrel this year and natural Continue Reading
Energy Transfer swung to a massive first-quarter profit from a year-ago loss as the midstream operator was able to keep strategically located pipelines and storage assets working during the Texas Continue Reading
After months of supply shortages and embarrassing blunders, Europe’s coronavirus vaccine campaign is at last sprinting ahead, renewing hopes that the continent might meet its initial inoculation goals and tame Continue Reading
One of the hardest climate puzzles to solve is how to cut greenhouse gases from airplanes. International travel is essential, but zero-emission flights are decades away. In Europe, where transport Continue Reading
Crude oil futures were rangebound during mid-morning Asian trade May 6 following the release of the US Energy Information Administration’s latest data, which was mixed. At 11:30 am Singapore time Continue Reading
