Will U.S. Crude Oil Exports Smash Records Again This Year?
Crude oil and refined petroleum product exports from the United States hit a record high last year, turning the country into a net exporter. This year, as more economies are Continue Reading
Analysts expect US natural gas storage build to measure 33% below five-year average
US natural gas storage fields likely injected another below-average volume for the week ended April 30 as the deficit to the five-year average looks to widen in the week ahead, Continue Reading
Adamas: Tesla consumed more lithium than next four EV makers combined in 2020
In 2020, Tesla deployed 18,700 tonnes of LCE onto roads globally in the batteries of its newly sold passenger EVs, more than the next four EV makers (BYD, VW, Renault Continue Reading
France Advances Climate Bill Backed by Macron
France’s National Assembly on Tuesday approved a bill backed by President Emmanuel Macron to cut greenhouse gas emissions, over objections from opposition lawmakers and environmental groups who said it would Continue Reading
Crude oil futures edge higher as easing restrictions in Europe offset India’s COVID-19 surge
Crude oil futures edged higher during mid-morning trade in Asia May 4 as plans to ease travel restrictions in Europe lifted hopes of stronger demand, countering the demand erosion in Continue Reading
Oil Holds Advance Above $64 as Traders Bet on Improving Demand
Oil climbed above $65 a barrel on optimism that the resumption of economic activity in the U.S. and Europe will underpin demand. West Texas Intermediate gained 1.3%, while gasoline futures were Continue Reading
Oil Rises With Growing Reopening Efforts Offsetting Virus Surge
Oil climbed as optimism over progress in reopening some of the world’s largest economies outweighed deepening coronavirus risks elsewhere. Futures rose 1.4% in New York after flipping between gains and losses Continue Reading
Could Oil Prices Hit $80 Per Barrel?
Despite the significant rally in oil over the past couple of weeks, demand uncertainty continues to affect prices. The outbreak of the second wave of a new Covid-19 strain in Continue Reading
Are Big Oil’s Renewable Investments Paying Off?
The world’s largest oil companies reported solid earnings and strong cash flow generation for the first quarter. But all those profits had very little to do with the pledges from Continue Reading
Oil Investment Lags Jump In Crude Prices
Investment in new oil and gas projects last year sank to the lowest in 15 years at $350 billion. As the world continues its battle against Covid-19 and as the Continue Reading
April oil revenues drop slightly despite increased exports
Iraq posted a slight increase in oil sales last month, around 21,000 barrels per day (bpd) more than in March, but revenues fell by about 5 percent as global crude Continue Reading
Iran Aims To Raise Oil Exports To 2.5 Million Bpd Once U.S. Sanctions Are Lifted
Iran will be able to raise its crude oil exports to 2.5 million barrels per day (bpd) after the U.S. sanctions on its oil industry are lifted, a top Iranian Continue Reading
Iraq in talks to take over Exxon’s stake in West Qurna 1 oil field: minister
Iraq is in talks with ExxonMobil to take over its 32.7% stake in West Qurna 1, the country’s oil minister said May 3, as the US major seeks to exit Continue Reading
Saudi Arabia’s real oil GDP growth to contract in 2021: IMF
Dubai — Saudi Arabia’s real oil GDP is projected to contract by 0.5% in 2021, compared with a contraction of 6.7% in 2020, given production levels agreed by the OPEC+ Continue Reading
Saudi Aramco Follows Big Oil Rivals With Bumper Earnings
Saudi Aramco’s profit soared in the first quarter following a recovery in global oil and gas markets, though free cash flow remained too low to fully cover dividend payments. The Continue Reading
The Wider Ramifications Of A China-Aramco Deal
The Saudi government is indeed in advanced talks with several Chinese entities – sovereign wealth funds and oil companies – to sell a 1 per cent stake in its flagship Continue Reading
Iraq May Buy Exxon’s Stake In Major Iraqi Oilfield
Iraq could buy ExxonMobil’s 32.7-percent stake in one of the largest oilfields in OPEC’s second-largest producer, West Qurna 1, Bloomberg quoted Iraq’s oil minister Ihsan Abdul Jabbar Ismaael as saying Continue Reading
Saudi Aramco’s Q1 crude oil output falls 12% on year to 8.6 mil b/d
Aramco’s downstream business consumes 43.8% of its crude production Total Q1 hydrocarbon production averages 11.5 million boe/d Q1 profit rises 30.3% on year to $21.72 billion Dubai — Saudi Aramco’s Continue Reading
Rockets land in Iraqi base hosting U.S. contractors
At least three rockets hit the Iraqi military air base of Balad, north of Baghdad, where some U.S. contractors are billeted, Iraqi security officials said on Monday. Three other rockets Continue Reading
‘There are no vaccines’: Covid fears rise in Africa as inoculations stall
While India battles a catastrophic second wave of Covid-19 infections, health officials in Africa are watching with alarm as their immunization campaigns, heavily dependent on vaccine imports from the subcontinent, Continue Reading
Nigeria: NNPC Sells N267 Billion Crude Oil, Maintains 1.42 Million BPD Output
The Nigerian National Petroleum Corporation (NNPC) sold crude oil worth N267.59 billion in February, while its total daily production stood at 1.42 million barrels per day in the first quarter Continue Reading
Opposition chief calls for lockdown as India’s coronavirus cases cross 20 million
Indian opposition leader Rahul Gandhi called for a nationwide lockdown as the country’s tally of coronavirus infections surged past 20 million on Tuesday, becoming the second nation after the United Continue Reading
‘Horrible’ weeks ahead as India’s virus catastrophe worsens
COVID-19 infections and deaths are mounting with alarming speed in India with no end in sight to the crisis and a top expert warning that the coming weeks in the Continue Reading
India’s jet fuel demand set to be hit by sharp surge in COVID-19 infections
India’s jet fuel demand is expected to succumb to the latest headwinds — the mutant COVID-19 variant — as many states in the country impose lockdowns and countries worldwide ban Continue Reading
Brazil backs away from the virus brink as deaths top 400,000
For most of this month, intensive care units across Brazil were at or near capacity amid a crush of COVID-19 patients, and sedatives needed to intubate patients dwindled. The nation’s Continue Reading
Mexico coronavirus: The math geeks who figured excess deaths
The mystery surfaced early in the pandemic. Hospitals were jammed with coronavirus victims, but the official death count in Mexico City appeared suspiciously low. Sitting at her dining-room table one afternoon, Laurianne Despeghel, Continue Reading
Australian LNG Exports To China Are Bouncing Back
The relationship between Australia and China has been going through a difficult period lately. Altercations surrounding the origins of COVID-19 rage on, all the while China has found ways to Continue Reading
EPA to Curb Production, Imports of Potent Greenhouse Gas
The Environmental Protection Agency on Monday will propose a rule curbing the use of a potent greenhouse gas used in refrigeration and air conditioning, the Biden administration’s first major step Continue Reading
Coal Consumption in the U.S. Declines as Natural Gas, Solar, Wind Energy Rise – Bloomberg
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
Next Generation of Covid-19 Vaccines Could Be Pill or Spray
The next generation of Covid-19 vaccines in development could come as a pill or a nasal spray and be easier to store and transport than the current handful of shots Continue Reading
E.P.A. to Announce Sharp Limits on Powerful Greenhouse Gases
The Environmental Protection Agency moved on Monday to sharply reduce the use and production of powerful greenhouse gases central to refrigeration and air-conditioning, part of the Biden administration’s larger strategy Continue Reading
As Extreme Weather Batters America’s Farm Country, Costing Billions, Banks Ignore the Financial Risks of Climate Change
Wranglers guide a herd of stranded cows to higher ground as flood waters rise, due to a levy break Sept. 24, 2005 in Chauvin, Louisiana. Hurricane Rita caused massive damage Continue Reading
US gasoline stock draws likely resume as demand edges higher
US gasoline inventory draws likely resumed in the week ended April 30, an S&P Global Platts survey of analysts showed May 3, amid an uptick in end-user demand. Not registered? Continue Reading
Phillips 66 progressing its conversion of California refinery to renewable fuels
In August 2020, Phillips 66 announced that it planned to reconfigure its San Francisco Refinery in Rodeo, California, to produce renewable fuels. The plant will no longer produce fuels from Continue Reading
Bosch, Shell, and Volkswagen develop renewable gasoline with 20% lower CO2; rollout of Blue Gasoline this year
Following on the introduction of R33 Blue Diesel ( earlier post ), Bosch, Shell, and Volkswagen have now developed a low-carbon gasoline. The new fuel, called Blue Gasoline, similarly contains Continue Reading
Solid-state battery company Solid Power closes $130M Series B led by BMW, Ford and Volta
Solid Power, a developer of all solid-state batteries for electric vehicles, announced a $130-million Series B investment round led by the BMW Group, Ford Motor Company and Volta Energy Technologies. Continue Reading
DOE: half of all states now have at least 1,000 non-residential EV charging units
According to figures from the US Department of Energy (DOE), as of March 2021, there are 25 states that have at least 1,000 non-residential electric vehicle (EV) charging units (public Continue Reading
EU aims to open up to foreign tourists this summer amidst COVID-19
The European Union’s executive has recommended easing COVID-19 travel restrictions next month to let foreign travellers from more countries enter the bloc, hoping to boost the stricken tourism industry this Continue Reading
Dutch Port of Rotterdam targets end-2026 for ‘blue’ hydrogen plant
In talks with Dutch government on financial support H-Vision initiative had hoped for FID in 2021 Partners include Equinor, BP, Shell, ExxonMobil The Port of Rotterdam expects the first plant Continue Reading
America’s Jobs Recovery From Crisis Is Looking Robust: Eco Week
The U.S. economy probably notched up another bumper month of hiring in April, tallying with other reports that suggest growth momentum is building in the wake of the coronavirus crisis. Payrolls may Continue Reading
Largest economies forecast to regain pre-Covid levels by end of year
The world’s largest economies on both sides of the Atlantic have a good chance of recovering the lost ground caused by the coronavirus pandemic by the end of the year, Continue Reading
Oil Ministry objects to Iraqi budget law, citing risks to oil sector
Iraq’s Parliament votes for an emergency 12 trillion ($10.2 billion) financing law on Nov. 12, 2020. (Source: Iraqi Parliament media office) BASRA – Oil Minister Ihsan Ismaael has filed an Continue Reading
IRAQ DATA: Federal oil exports in April nearly steady at 2.947 mil b/d: ministry
irkuk exports from Turkish port fell 3.7% Iraq beached its OPEC+ quota in March Iraq’s quota will rise to 3.905 million b/d in May Dubai — Iraq’s federal oil exports, Continue Reading
Iran expects 2.5 mil b/d exports after US sanctions removal as Vienna talks continue
Iran expects to export as much as 2.5 million b/d of crude after the removal of US sanctions as the third round of talks between Tehran and some signatories to Continue Reading
Turkey’s COVID-19 death toll 340 as lockdown sets in
Turkey logged 340 coronavirus-related deaths and 25,980 new cases in the last 24 hours, Health Ministry data showed on Sunday, the third day of a nationwide lockdown, including curfews, closed Continue Reading
Khamenei criticises Iran’s foreign minister over leaked remarks
Iran’s supreme leader on Sunday criticised its foreign minister, who said in a leaked interview that the elite Revolutionary Guards had more influence in foreign affairs and Tehran’s nuclear dossier Continue Reading
Stories from inside India’s Covid disaster: ‘No one has seen anything like this’
India is in the throes of one of its darkest moments since independence as a catastrophic second Covid-19 wave tears through it with dizzying speed. The country recorded an all-time high Continue Reading
Africa’s Most Interesting Untapped Oil Play
When writing the article on this year’s Top Oil Wildcats , one of the hottest candidates had to be dropped out of the list. Not because the prospect turned out Continue Reading
Why India’s pandemic data is vastly undercounted
Even after more than a year of devastating coronavirus surges across the world, the intensity and scale of India’s current crisis stands out, with patients desperate for short supplies of Continue Reading
Covid-19 Live News: As India’s Outbreak Rages, Modi’s Party Loses a Key Election
One of India’s feistiest opposition parties cruised to victory in a crucial state elections in West Bengal on Sunday, dealing a blow to Prime Minister Narendra Modi in a campaign Continue Reading