A report by the International Energy Agency says immediate action is needed to reshape the world’s energy sector in order to meet ambitious climate goals by 2050, including ending investments Continue Reading
Energy groups must stop all new oil and gas exploration projects from this year if global warming is to be kept in check, the International Energy Agency said. The proposal is Continue Reading
Nations around the world would need to immediately stop approving new coal-fired power plants and new oil and gas fields and quickly phase out gasoline-powered vehicles if they want to Continue Reading
To limit climate change, by 2030 the world must install the equivalent of the current largest solar park — every day. The rate of energy efficiency improvements will have to Continue Reading
The year 2020 was a watershed moment for the fossil fuel sector. Faced with a global pandemic, severe demand shocks, and a shift towards renewable energy, experts warned that nearly Continue Reading
The International Energy Agency has unveiled what it describes as the world’s first comprehensive road map to reach net-zero greenhouse gas emissions by 2050. Not registered? Receive daily email alerts, Continue Reading
A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up. Mattress Continue Reading
The number of global commercial flights has more than doubled since this time last year, while U.S. traveler throughput has jumped six-fold since May 2020, suggesting that global jet fuel Continue Reading
The US Energy Information Administration increased its projection for month-on-month growth in US unconventional oil output for May by more than sevenfold in its latest Drilling Productivity Report. Receive daily Continue Reading
The world stands on the cusp of an oil supply crisis. Years of insufficient investment in offshore mega-projects combined with the end of U.S. shale hyper-growth and a recent shift Continue Reading
People pour water over themselves at a broken water pipe during a heat wave in Karachi, Pakistan on June 29, 2015. Credit: Asim Afeez/Bloomberg via Getty Images While scientists warn Continue Reading
Iran is preparing to boost production and exports of crude oil as talks on the nuclear deal with the United States continue to progress, government officials said, as quoted by Continue Reading
For decades, evidence has been piling up which proves mankind’s influence on climate change. Although the global economy remains largely driven by fossil fuels, the energy transition has gained traction Continue Reading
Tehran — Iran will ship the first cargo of crude oil from its new terminal at Jask on the Oman Sea Coast in June, following completion of a key oil Continue Reading
Veteran Iranian oil minister Bijan Zanganeh has said he will not continue in his role once a new president is inaugurated after elections scheduled next month, ministry-run news service Shana Continue Reading
Cross-border fighting between Israel and Hamas appeared to abate slightly early on Tuesday, with no fatalities logged in Gaza for the first time since hostilities erupted on May 10, and Continue Reading
The U.S. and Iran have been engaged in on-off talks about the resuscitation of the Joint Comprehensive Plan of Action (JCPOA) – the ‘nuclear deal’ – for some months now Continue Reading
A powerful cyclone that emerged in the Arabian Sea made landfall on India’s western coast on Monday, hours after authorities evacuated hundreds of thousands of people and suspended COVID-19 vaccinations Continue Reading
India total COVID-19 caseload surged past 25 million on Tuesday as a powerful cyclone complicated the health crisis in one of the states where the disease is spreading most quickly. Continue Reading
A powerful cyclone struck India’s west coast Monday, forcing officials to move hospitalized coronavirus patients and suspend vaccination campaigns as the storm disrupted nationwide efforts to contain a surge of Continue Reading
Shipping operations for commodities ranging from oil and coal to consumer goods and textiles will be delayed in the week ending May 22, as the cyclone Tauktae raged past India’s Continue Reading
In a town on the edge of the Gobi desert is a sign in English and Chinese that reads “Oil Holy Land.” Nearby, a preserved drilling rig marks the spot Continue Reading
China’s crude throughput in the second quarter is likely to be buoyed by improving domestic demand and a shortage of oil product supplies due to the introduction of consumption taxes Continue Reading
U.S. retail gasoline prices hit seven-year highs on Monday and many filling stations in the Southeast were still without fuel, as the region slowly recovers from a cyberattack on the Continue Reading
China’s refinery throughput increased by 7.5 percent annually in April, signaling a sustained recovery in crude processing, although the volumes were lower than the record-highs seen last November, according to Continue Reading
The alarming situation with the spread of the coronavirus in India has started to affect operations at some of India’s ports, which could lead to delays in oil offloading and Continue Reading
The Supreme Court handed the city of Baltimore a preliminary setback in its bid to sue more than 20 multinational oil-and-gas companies on allegations they contributed to climate change and Continue Reading
The Drilling Productivity Report (DPR) rig productivity metric new-well oil/natural gas production per rig can become unstable during periods of rapid decreases or increases in the number of active rigs Continue Reading
U.S. coal-fired power generation is set for a short-term recovery this summer as higher prices of coal’s main fossil fuel competitor, natural gas, will discourage parts of gas-fired electricity generation. Continue Reading
U.S. residential energy consumption fell by 4 percent year over year in 2020, even though more people stayed at home to work or attend school during the lockdowns last year, Continue Reading
Renewables—and especially offshore wind—are set to drive a surge in copper demand that will push prices even higher, as the amount of copper required per wind turbine is staggering, at Continue Reading
The U.S. benchmark natural gas price jumped more than 5% on Monday as power generators are expected to burn more gas to keep air conditioners going that are just now Continue Reading
Wabtec Corporation announced that its FLXdrive battery-electric locomotive—functioning as one unit in a consist also containing two Tier 4 locomotives—delivered more than an 11% average reduction in fuel consumption and Continue Reading
A wildfire in Southern California grew to 1,325 acres on Sunday as roughly 1,000 Topanga Canyon residents had to be evacuated from their homes. Just like that, fire season has Continue Reading
Germany’s environmentalist Greens party wants to boost rail travel at the expense of domestic flights to help the country achieve its goal of sharply reducing greenhouse gas emissions. The Greens’ Continue Reading
Second year into the pandemic-triggered limbo, many statements that would have seemed quite uncontroversial before COVID pummeled Europe’s energy markets today might seem questionable. Before 2020, Russia was the leading Continue Reading
Mikhelson sees ‘year-round’ NSR navigation in 2023/2024 Russia’s Novatek plans to start up the third train at its 19.8 million mt/year Arctic LNG 2 project in 2025, CEO Leonid Mikhelson Continue Reading
Energy experts were working Tuesday to restore full operations at Poland’s biggest power plant, the lignite coal-fueled Belchatow, after an energy network failure switched off 10 of the plant’s 11 Continue Reading
Crude oil futures were slightly higher during mid-morning Asian trade May 17, but any upside was limited by concerns over renewed coronavirus-related mobility restrictions in the region. At 11:03 am Continue Reading
Oil was steady as a demand recovery in key regions raised optimism about rising fuel consumption, despite a Covid-19 flare-up in parts of Asia. Futures in New York traded near $65 Continue Reading
The OPEC Monthly Oil Market Report for May 2021 was published this past week. The last month reported in each of the charts that follow is April 2021 and output Continue Reading
Israeli warplanes have unleashed a series of heavy airstrikes at several locations of Gaza City. Explosions rocked the city from north to south for 10 minutes early Monday. The airstrikes Continue Reading
Israeli Prime Minister Benjamin Netanyahu on Sunday ruled out the prospect of an immediate cease-fire with the Palestinians in the deadly flare-up of Middle Eastern violence, defying growing international demands Continue Reading
The Israeli military unleashed a wave of heavy airstrikes on the Gaza Strip early Monday, saying it destroyed 15 kilometers (nine miles) of militant tunnels and the homes of nine Continue Reading
The National Iranian Oil Co. is set to sign a $1.78 billion deal with a domestic company to develop the Farzad B gas field in the Persian Gulf, oil ministry Continue Reading
In delivering vaccines, pharmaceutical companies aided by monumental government investments have given humanity a miraculous shot at liberation from the worst pandemic in a century. But wealthy countries have captured Continue Reading
Higher oil prices this year are helping Saudi Arabia to reduce its budget deficit which soared with the oil price collapse last year. But the Kingdom and its de facto Continue Reading
Iran’s Petropars Ltd. will be awarded a $1.78 billion contract by the National Iranian Oil Co. to develop the giant Farzad-B gas field that was previously intended to be tapped Continue Reading
Iran is preparing to ramp up global oil sales as talks to lift U.S. sanctions show signs of progress . But even if a deal is struck, the flow of Continue Reading
India’s oil demand worsened in the first half of May as large parts of the nation remained under local lockdowns to battle the world’s worst outbreak of Covid-19. Sales of Continue Reading
