EPA Hospitals are battling to treat patients amid shortages of beds and medical oxygen India has recorded its highest daily coronavirus death toll since the pandemic began – a day Continue Reading
India reported more than 300,000 new coronavirus infections for a 12th straight day on Monday to take its overall number of cases to just shy of 20 million, as scientists Continue Reading
India’s unemployment rate rose to a four-month high of nearly 8% in April, and the outlook remains weak with state administrations extending lockdowns to curb a record surge in virus Continue Reading
Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox. The incumbent chief minister’s party in India’s West Bengal state has defeated Prime Continue Reading
The giant U.S. oil company objected last June when Washington proposed allowing duty-free rose imports from the world’s poorest countries, including Ecuador. A decade earlier, an Ecuadorean court had blamed Continue Reading
Despite lengthy lockdowns and closed borders across South America, the continent is one of the worst affected by the COVID-19 pandemic. Three countries, Brazil, Argentina and Colombia rank among the Continue Reading
A few weeks before Christmas, Venezuela’s president Nicolås Maduro made a major announcement about his plans to tackle coronavirus. His vice-president, Delcy Rodriguez, had just arrived back from Moscow bearing Continue Reading
Chinese tech giant Baidu rolled out its paid driverless taxi service on Sunday, making it the first company to commercialize autonomous driving operations in China. Unlike previous Baidu autonomous driving Continue Reading
It is very hard to give up on one’s own resource bounty and Australia knows it only too well. Endowed with the world’s third-largest coal reserves coupled with ample hydrocarbon Continue Reading
For more than 200 years, workers at the Port of Newcastle have loaded ships with coal dug out of nearby mines for transport to Asia and beyond. But with global Continue Reading
Freight industry executives expect a squeeze on trucking capacity that has been driving up shipping costs for U.S. companies to persist through the rest of the year, as strong demand Continue Reading
For Michigan’s governor, the 645-mile pipeline jeopardizes the Great Lakes. For Canada’s natural resources minister, its continued operation is “nonnegotiable.” The clash over Calgary-based Enbridge’s Line 5, which carries up Continue Reading
Crude oil futures were tad lower during the mid-morning trade in Asia May 3, as the market weighed the progress of the pandemic in India against the oil demand recovery Continue Reading
In Alberta, Canada, there are thousands of orphan oil wells being left to fall into disrepair, which could be repurposed for alternative energy uses to open up substantial economic opportunities Continue Reading
President Biden is coming under fire for his attack on oil and gas once again as Canada pleads to keep the cross-border Great Lakes oil pipeline open. Canada is battling Continue Reading
A Supreme Court hearing began this week that could seal the future fate of gas pipelines across the United States. It could also change the balance of power between federal Continue Reading
U.S jet fuel demand is rising along with an increase in domestic air travel, the Energy Information Administration (EIA) said this week. Global and U.S. jet fuel demand is slowly Continue Reading
New York City on Thursday sued three major oil companies and the top industry trade group in state court, arguing that the companies are misrepresenting themselves by selling fuels as Continue Reading
The United States this week will start talks with the World Trade Organization to potentially lift intellectual property rights on lifesaving coronavirus vaccines, as a devastating covid-19 outbreak in India Continue Reading
The millions of Americans that have been latched to their homes for the past year amid the Covid-19 pandemic will be eager to get out of the house, especially once Continue Reading
Russia increased its oil production in April thanks to a more generous OPEC+ quota. The nation pumped 42.81 million tons of crude and condensate last month, according to preliminary data from Continue Reading
Look to ports for the nascent green hydrogen economy Hydrogen, produced without carbon emissions, will find use in many sectors of a future ‘hydrogen economy.’ Its high energy intensity can Continue Reading
Russia produced 42.81 million mt of crude and condensate in April, equivalent to around 10.46 million b/d, according to preliminary data released by the central dispatching unit of the Russian Continue Reading
French container shipping firm CMA CGM said on April 30 it has ordered 22 new ships to be built, including 12 that will be power by LNG. CMA CGM signed Continue Reading
Russia is turning to multiple Chinese firms to manufacture the Sputnik V coronavirus vaccine in an effort to speed up production as demand soars for its shot. Russia has announced Continue Reading
Oil prices fell from six-week highs on Friday as investors unloaded positions after weak Japanese crude import data and on worries about fuel demand in India, where COVID-19 infections have Continue Reading
Oil rose this month with a slew of positive economic data and signs of a budding fuel consumption revival in key economies offsetting a worsening coronavirus crisis elsewhere. Futures in Continue Reading
It was a big week for oil markets as demand optimism sent oil prices beyond $65 and oil majors reported promising earnings, but prices pulled back on Friday morning as Continue Reading
Big oil companies returned to profitability during the first quarter as they recovered from the unprecedented destruction of oil-and-gas demand wrought by the coronavirus pandemic. Exxon Mobil Corp. reported $2.7 billion in net income Continue Reading
White House National Security Advisor Jake Sullivan delivers remarks during a press briefing inside the White House in Washington, U.S., February 4, 2021. REUTERS/Tom Brenner Indirect negotiations between the United Continue Reading
OPEC likely raised its total oil production in April, driven by another supply increase from Iran, one of the three OPEC members exempted from the OPEC+ production cuts, according to Continue Reading
Oil Minister Ihsan Ismaael has filed an official objection to several key provisions in Iraq’s 2021 national budget law, including problems that would result in payment delays for oil companies. Continue Reading
Nigeria’s state-owned energy company assured it will continue to meet its financial obligations to the government despite indicating the cost of gasoline subsidies may make it impossible to contribute to Continue Reading
The ongoing massive wave of the coronavirus in India is likely to reduce demand for ships amid a slowdown in the South Asian nation’s crude imports, and potentially refined products Continue Reading
India’s rampant second wave of COVID-19 topped 400,000 new daily cases for the first time on Saturday, as the country opened up its massive vaccination drive to all adults, although Continue Reading
India’s Covid-19 crisis has pummeled demand for transport fuels to the lowest in several months, highlighting the risks for energy consumption amid an uneven global recovery from the pandemic. April sales Continue Reading
The White House, citing guidance from the Centers for Disease Control and Prevention, announced Friday that it would begin restricting travel from India to the United States next week, a Continue Reading
A group of American oil executives held in a crowded Venezuelan prison were released to house arrest Friday, according to a person briefed on the negotiations. The employees of Houston-based Continue Reading
An Arctic cold blast that swept through the U.S. South in February caused a much bigger loss in oil supply than previously estimated, with output falling to a three-year low, Continue Reading
President Joe Biden’s plan to wean U.S. drivers off fossil fuels requires massive investment in public charging stations to power the electric-car revolution. So far, none of the companies that deploy Continue Reading
One of the more surprising implications of the energy transition is energy companies actually trying to sell you energy. For example, today you buy gasoline, sure, but no one sells it to you. You Continue Reading
One of the pair of active nuclear reactors within blast radius of Manhattan made a federal safety watch-list back in 1993. That’s when regulators cited Unit 3 at the Indian Point Energy Center for Continue Reading
The spring wave of coronavirus infections that began in March is subsiding in most of the country, with 42 states and D.C. reporting lower caseloads for the past two weeks. Hospitals Continue Reading
U.S. electricity consumption is recovering from the lows seen during the peak of the pandemic last year, but a full recovery to the 2019 levels will only be seen next Continue Reading
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 2 this week, bringing the total rig count to 440. In Continue Reading
Mergers and acquisitions in U.S. oil and gas fell by 1.49 percent below the 12-month average last month, according to GlobalData . The biggest deal by far for the month Continue Reading
Commodity trading major Vitol is reportedly negotiating a deal to acquire the oil wells of Hunt Oil Co. in the Permian Basin. According to Bloomberg , which cited unnamed sources, Continue Reading
ExxonMobil and Chevron confirmed their commitments to building large-scale projects to address climate change April 30, beginning with a focus on carbon capture. Receive daily email alerts, subscriber notes & Continue Reading
Upstream assets producing around 40,000 boe/d Associated gas ties in to North American interests Vitol, the world’s largest independent oil trader, has agreed to acquire producing acreage in the Permian’s Continue Reading
1,041-MW Indian Point Unit 3 to shut down Capacity likely replaced with gas-fired power The Indian Point nuclear power plant in New York will permanently shut down during the evening Continue Reading
