Oil prices rose on Monday, extending three weeks of gains that have been underpinned by an improved outlook for fuel demand as increased COVID-19 vaccinations help lift travel curbs, along Continue Reading
In its latest Monthly Oil Report, the IEA called on OPEC+ to increase production in order to counter higher demand in 2022. The agency claimed that, based on current global Continue Reading
The Group of Seven nations on Sunday pledged to rapidly scale up technologies and policies that accelerate the transition away from unabated coal capacity, including ending new government support for Continue Reading
Reuters The G7 summit was held in the resort of Carbis Bay in Cornwall, south-west England The G7 nations have agreed to step up action on climate change and renewed Continue Reading
Highlights Increased funds for move away from coal New industrial decarbonization agenda G7 policies to align with 1.5 C G7 leaders committed June 13 to end new direct government support Continue Reading
In just a few years, the image of natural gas markedly shifted from the bridge fuel of the energy transition to just another fossil fuel that emits an even more Continue Reading
Iran and the United States have made progress on virtually every issue under discussion in indirect meetings over the past two months. But as they began a sixth round of Continue Reading
The first cargo ships from Dubai that docked last year in the Mediterranean port of Haifa were met by celebration in Israel. Flags waved. Reporters gathered. The prime minister walked Continue Reading
Sudanese protesters burned tires in part of the capital, Khartoum, Wednesday night, after the government lifted all subsidies on gasoline and diesel. Finance Minister Jibril Ibrahim announced Tuesday that prices Continue Reading
The world of Nigerian refining is an enigma shrouded in a mystery. Although the story of Nigeria’s refining has been a friction point for some years already, it boggles the Continue Reading
Japan built the world’s third-largest economy on an industrial base powered by imported oil, gas and coal. Now, it is planning to shift a big chunk of that power to hydrogen, in Continue Reading
The air travel industry is at a critical inflection point. Steady vaccination rollouts and falling infection rates in most Western economies are allowing commercial travel to resume after more than Continue Reading
Remote work was one of the changes bestowed upon us by the pandemic—and it may turn into a long-term trend. This trend was most visible in office jobs, but it Continue Reading
Oil giant Royal Dutch Shell is reviewing its holdings in the largest oil field in the United States for a possible sale as the company looks to focus on its Continue Reading
The battle against climate change is relying on the same polluting building block that drove the second Industrial Revolution a century and a half ago. Steel, which transformed everything from Continue Reading
Baker Hughes (NYSE: BKR) and Air Products have announced a strategic global collaboration. Baker Hughes (NYSE: BKR) and Air Products (NYSE: APD) have announced a strategic global collaboration to develop Continue Reading
The average U.S. price of regular-grade gasoline rose 2 cents to $3.13 per gallon over the past three weeks. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that Continue Reading
Exit polls on Sunday indicated that Swiss voters appear to have narrowly rejected a proposed “carbon dioxide law” that would have hiked fees and taxes on fuels that produce greenhouse Continue Reading
British oil major BP (BP.L) will join Norway’s Statkraft (STATKF.UL) and Aker Offshore Wind (AOW-ME.OL) to bid for permits to build offshore wind power projects off Norway, the companies said Continue Reading
Germany has recorded its lowest number of new daily coronavirus infections in nearly nine months, and officials are floating the possibility of loosening mask-wearing rules. The Robert Koch Institute, the Continue Reading
Ukraine is prepared to take legal action against Gazprom to unblock natural gas supplies from central Asia, a move that could ensure it has sufficient domestic supply and transit revenues Continue Reading
Oil posted its third straight weekly rise on improving demand, with the International Energy Agency warning the market will need extra supply next year. Futures in New York rose 1.9% this Continue Reading
Oil prices slipped on Friday but were set for their third weekly rise on expectations of a recovery in fuel demand in Europe, China and the United States as rising Continue Reading
Goldman Sachs has reiterated its forecast that Brent crude will hit $80 per barrel this summer as demand quickly recovers. “Rising vaccination rates are leading to higher mobility in the Continue Reading
A report earlier this month from the International Energy Agency (IEA) carried out in collaboration with the World Bank and the World Economic Forum has found that the world’s energy and climate Continue Reading
The Pine Island glacier was already scary. The 160-mile-long river of ice is known as “the weak underbelly” of West Antarctica. It contributes more to sea-level rise than any other Continue Reading
OPEC and its allies maintained strong compliance with agreed oil output targets in May, when the first part of a gradual production increase took effect, according to figures given by Continue Reading
BP Plc (BP.L) is planning to spin off its operations in Iraq into a standalone company, the Wall Street Journal reported on Friday, as the oil major looks to shift Continue Reading
Iraq’s oil sector is rebounding after a catastrophic year triggered by the coronavirus pandemic, with key investment projects on the horizon, Iraq’s oil minister said Friday. But he also warned Continue Reading
Oil prices climbed on Friday as the IEA boosted optimism about global oil demand recovery. Friday, June 11th, 2021 Oil prices showed modest gains on Friday, after a selloff on Continue Reading
The talks about bringing Iran and the United States back to the so-called Iranian nuclear deal will resume on Saturday with divergences remaining, in what would be the last attempt Continue Reading
Highlights Latest Republican bill aims to require congressional review Platts Analytics expects US sanctions relief by September Biden not bound by existing congressional review law In the latest attempt to Continue Reading
Trims H2 21 ‘call’ on OPEC but warns of supply-demand ‘chasm’ Non-OPEC+ oil output to rise 1.6 million b/d in 2022 Home-working, vehicle efficiency, EVs to impact gasoline Global oil Continue Reading
Saudi Aramco raised this week $6 billion via its first Islamic bond denominated in U.S. dollars, orders for which exceeded $60 billion, according to a document from one of the Continue Reading
The Nigerian National Petroleum Corporation (NNPC) yesterday raised the alarm over the continuous rise in the smuggling of petroleum products, despite the establishment of the ‘Operation White’ initiative by the Continue Reading
China will stop subsidizing new solar farm projects, distributed solar projects for commercial users, and onshore wind farms as soon as this year, Reuters reported, citing the central planning authority Continue Reading
Toasty early-summer weather and falling wind generation have lifted US gas-fired power burn to seasonal highs this month, but rising gas prices threaten to put a damper on the rally. Continue Reading
President Joe Biden’s administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from Continue Reading
Power lines are shown as California consumers prepare for more possible outages following weekend outages to reduce system strain during a brutal heat wave amid the outbreak of coronavirus disease Continue Reading
The Biden administration said Friday that it would “repeal or replace” a rule allowing roads and other types of development in more than half of Alaska’s Tongass National Forest, reviving 20-year-old Continue Reading
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose this week, bringing the total rig count to 461 as U.S. drillers Continue Reading
Chesapeake Energy Corp. said three executives are leaving, marking the latest shakeup of the senior ranks at the Oklahoma oil and gas producer since it emerged from bankruptcy four months Continue Reading
Christopher James’s decision to do battle with one of the world’s biggest oil companies began with a family dinner in 2019. The hedge-fund manager’s school-aged sons asked him how he Continue Reading
The head of Ukraine’s state-owned oil and gas company says allowing Nord Stream 2’s completion would hurt American credibility in Eastern Europe. (Bloomberg) — The head of the Ukraine’s state-owned Continue Reading
Despite lower hydroelectric output and a nuclear plant outage in the US Pacific Northwest, the region is importing less gas from Canada summer over summer even as Alberta production grows Continue Reading
Vertical Aerospace, developer of the VA-X4 eVTOL aircraft ( earlier post ), announced investments from American Airlines, Avolon, Honeywell and Rolls-Royce, who have invested in the PIPE and are part Continue Reading
The news media call it “freedom day,” the fast approaching moment when England’s remaining coronavirus restrictions are scheduled to be cast off at last, allowing pubs to fill to capacity, Continue Reading
Crude oil futures slipped during mid-morning trade in Asia on June 11 after settling at fresh highs as the OPEC Monthly Report for June reinforced a positive demand outlook for Continue Reading
Oil demand is expected to exceed pre-coronavirus levels by the end of 2022, the International Energy Agency said on Friday. Consumption declined by a record 8.6m barrels a day last year Continue Reading
Oil prices slipped on Friday but were set for their third weekly rise on expectations of a recovery in fuel demand in Europe, China and the United States as rising Continue Reading
