Workers measure the pressure at the Central Processing Facility at the Tawke oil field in Iraqi Kurdistan in August 2012. (SEBASTIAN MEYER/Metrography/Iraq Oil Report) A decision by the Kurdistan Regional Continue Reading
Highlights President Rouhani says nuclear talks will continue China-Iran bilateral deal secures trade despite sanctions Oil-for-railroads barter deal proposed The International Atomic Energy Agency could get a one-month extension of Continue Reading
Oil at $70/b was ‘temporary’: HPCL Iranian crude grades meet India refinery specs India discovered Farzad B in 2008 India is still hopeful it can participate in the Farzad B Continue Reading
CAIRO (AP) — An Egyptian appeals court said Sunday it lacks jurisdiction to look into the Suez Canal Authority’s demands to uphold financial claims that led to the seizure of Continue Reading
TEHRAN, Iran (AP) — Iran’s hard-line parliament speaker said Sunday a temporary deal between Tehran and international inspectors to preserve surveillance images taken at nuclear sites had ended, escalating tensions Continue Reading
Getty Images President Joe Biden is facing questions from some in his Democratic party about the amount of aid the US sends to Israel. Senator Bernie Sanders has said the Continue Reading
The number of deaths linked to Covid-19 in India has moved past the 300,000 mark as the country continues to grapple with the pandemic. Experts warn that the real number Continue Reading
Key Latin American U.S. ally and the region’s fourth-largest oil producer Colombia finds itself rocked by anti-government protests which are now into their third week. This has even reignited fears Continue Reading
China has announced that it will impose taxes on heavy sour crude, a move that could hit Venezuela hard as it continues to struggle with U.S. sanctions and a dilapidated Continue Reading
The oil royalties which producers pay landowners should be calculated at the well, not at a higher price at some point downstream, the North Dakota Supreme Court said this week Continue Reading
A key selling point that made solar energy the fastest-growing power source in the world—rapidly decreasing costs—has hit a speed bump. Solar module prices have risen 18% since the start of Continue Reading
The red-and-white flue stacks of the James M. Barry Electric Generating Station tower over the Mobile River, belching steam into the Alabama sky. The sprawling complex of coal and natural Continue Reading
ExxonMobil, a titan of corporate America, faces a pivotal moment this week as restive shareholders have their say on what critics call an inadequate response to seismic shifts brought on Continue Reading
San Francisco General Hospital announced this past week that it had no Covid-19 patients for the first time since March 5 of last year.Jim Wilson/The New York Times The United Continue Reading
Oil benchmarks suffered their worst week in at least a month as the market contends with a potential deal that could lift U.S. sanctions against Iranian crude. WTI futures in New Continue Reading
Oil prices are on course for the largest weekly drop since March, although prices began to bounce back on Friday morning as optimism slowly returned to markets. For more great Continue Reading
What is the best way to reach net zero emissions by 2050? The International Energy Agency, a Paris-based oil watchdog, has mapped out a pathway that it says is “narrow Continue Reading
Deaths from Covid-19 and Covid-related causes are likely to be two to three times the number that countries have recorded in their official data, the World Health Organization said on Continue Reading
Global oil demand is recovering with major economies reopening amid a cautious supply approach from OPEC+ and restraint in U.S. shale, Barclays said on Friday. Despite the possibility of a Continue Reading
The bombshell suggestion of the International Energy Agency (IEA) that the world doesn’t need any new oil and gas investments ever if it is to reach net-zero emissions could further Continue Reading
Some of the world’s biggest companies and deepest-pocketed investors are lining up trillions of dollars to finance a shift away from fossil fuels. Assets in investment funds focused partly on the Continue Reading
Increased ambition to limit global warming Support for unabated coal ‘must end now’ Net-zero pathways promised ahead of COP26 Environment ministers for the G7 nations called May 21 for the Continue Reading
Iraq has rejected ExxonMobil’s effort to sell its stake in the West Qurna 1 oil field to two Chinese companies, raising a cloud of uncertainty and potential conflict over a Continue Reading
Two children from Gaza City and Israel describe their experience of the Israel-Gaza conflict The first convoys of humanitarian aid have arrived in Gaza, hours after a ceasefire between Israel Continue Reading
Ugandan President Yoweri Museveni on Thursday said oil revenues must be invested in avenues that create jobs and wealth. The Ugandan president said since oil is an exhaustible resource, revenues Continue Reading
A study conducted by the Institute for Energy Security (IES) has revealed that the country is likely to miss a huge opportunity to rake in billions of dollars from the Continue Reading
The death toll from COVID-19 in Latin America and the Caribbean passed 1 million people on Friday, according to a Reuters tally, with the pandemic worsening in the part of Continue Reading
The red-and-white flue stacks of the James M. Barry Electric Generating Station tower over the Mobile River, belching steam into the Alabama sky. The sprawling complex of coal and natural Continue Reading
One of the largest utilities in the U.S. put $8 billion into a bet that natural gas would dominate American electricity much like coal had before. “We really consider this Continue Reading
A new electric version of Ford’s immensely popular F-150 pickup truck might just be the catalyst that hastens America’s transition from gasoline to battery-powered vehicles. Jim Farley, the company’s new Continue Reading
Sitting in a pickup truck on his almond farm 100 miles north of San Francisco, Tom Butler pointed to a withered grove he has been planning to bulldoze in order Continue Reading
California’s deepening drought has worsened into a crisis, as a second dry year in a row has diminished the state’s water supply and another difficult fire season looks inevitable. Nearly 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 455—a more Continue Reading
Crude oil prices are likely to remain sensitive to bearish news such as progress on the Iran nuclear deal with the United States and the latest on Covid-19 in Asia Continue Reading
The gasoline shortages in America’s Southeast are shrinking, but two weeks after the Colonial Pipeline went offline due to a hack, some drivers are still finding it hard to locate Continue Reading
California adopted on Thursday a new regulation that requires rideshare companies such as Uber and Lyft to achieve zero greenhouse gas emissions and ensure 90 percent of their vehicle miles Continue Reading
The Dakota Access Pipeline will remain open and continue its flow of Bakken crude oil following a ruling issued May 21 by a federal court, which blamed the US Army Continue Reading
At a time when squeezing out more oil and gas for less money is a priority for upstream producers, longer laterals are giving a competitive edge in unconventional basins in Continue Reading
Now that the car is evolving into essentially a smartphone on wheels, it’s no wonder Apple is kicking the tires. First, there is the transition from internal combustion engines to electric Continue Reading
Moscow Mayor Sergei Sobyanin on Friday lamented how few residents had chosen to get vaccinated against COVID-19 despite free and easy access to shots since January, a rare admission by Continue Reading
Highlights Site to include 13 million mt/year Baltic LNG facility Some 18 Bcm/year to enter the Russian gas network Site also to produce 3 million mt/year of polymers Russia’s Gazprom Continue Reading
New UK government research suggests two doses of a Covid-19 vaccine are needed to provide strong protection against symptomatic infection from the coronavirus variant first identified in India, according to Continue Reading
Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel (SAF), is beginning the final phase of testing of a renewable gasoline for drop-in commercial use in the Continue Reading
A natural gas pipeline linking Russia and Germany edged closer to completion after the Biden administration loosened sanctions of the controversial project. (Bloomberg) — A natural gas pipeline linking Russia Continue Reading
Crude oil futures were steady in mid-morning trade in Asia May 21 after an overnight selloff driven by increased anxiousness over the restoration of the Joint Comprehensive Plan of Action Continue Reading
Brent oil was heading for the biggest weekly decline since March, with the market bracing for the prospect of more Iranian crude flows as the nation inches closer to a Continue Reading
Oil prices nudged up on Friday, recovering from three days of losses as investors braced for the return of Iranian crude supplies after officials said Iran and world powers made Continue Reading
Oil futures fell May 20 on news that the US and Iran had reached a “main agreement” to reinstate the nuclear deal. NYMEX June crude settled at $62.05/b, down $1.31, Continue Reading
Oil slumped to the lowest in nearly a month as traders focused on the likelihood of a renewed nuclear deal with Iran and the potential removal of sanctions on the Continue Reading
The eventual death of oil and thermal coal won’t come from environmentalists or even directly from renewable energy–it will come when big banks decide to stop financing it, rendering it Continue Reading
