The Dalles water-supply forecast at 84% of normal The Dalles inflows 38.6% below three-year average Mid-C August 336.5% higher than 2020 package The Dalles Dam water supply forecast is sitting Continue Reading
Highlights Commercial crude stocks fall 5.0.8 million barrels Refinery net inputs rise 2.4% USAC gasoline stocks remain tight despite build US crude oil inventory declines extended in the week ended Continue Reading
Exxon Mobil’s newly elected board member Kaisa Hietala says her work at Finnish refiner and biofuel producer Neste makes her more than just a champion of biofuels, she also has Continue Reading
The number of Americans seeking unemployment benefits fell last week for a fifth straight week to a new pandemic low, the latest evidence that the U.S. job market is regaining Continue Reading
Russian oil producer Gazpromneft (SIBN.MM) has agreed with gas producer Novatek (NVTK.MM) to set up an Arctic offshore joint venture and will together develop the North-Vrangelevskiy area, the companies said Continue Reading
Climate lawyers are preparing to take on more fossil-fuel companies after a Dutch court ordered Royal Dutch Shell Plc to cut its emissions faster than planned, on the grounds that Continue Reading
The Polish government is analyzing Denmark’s decision to withdraw the environmental permit for the Danish section of the 10 Bcm/year Baltic Pipe project, officials said June 4. Receive daily email Continue Reading
Crude oil futures were higher during midmorning trade in Asia June 3 as the American Petroleum Institute reported a large draw in crude inventories, reinforcing the narrative that fundamentals in Continue Reading
Money managers reduced their bullish bets on the six most important petroleum contracts, but they bought more WTI Crude futures in the week to May 25 amid strong fundamentals for Continue Reading
The surge in climate activism demanding that Big Oil drastically cut emissions and shift strategies to investment in low-carbon energy instead of oil and gas could result in a surge Continue Reading
OPEC+ Boosts Output for July Oil extended gains after closing at the highest since October 2018 as an industry report pointing to a decline in U.S. crude inventories reinforced optimism Continue Reading
Investment in energy is on track to recover by nearly 10% in 2021 as the world emerges from the COVID-19 pandemic, the International Energy Agency (IEA) said on Wednesday, but Continue Reading
The European Union, Canada and other developed countries have signed deals to get hundreds of millions of doses of Covid-19 vaccines and boosters over the next two years, furthering a Continue Reading
Global energy investment this year is seen expanding by 10 percent from 2020 to $1.9 trillion, the International Energy Agency said in its World Energy Investment 2021 report. Energy demand Continue Reading
Highlights Maersk calls for a $450 per ton fuel carbon tax on fossil fuel-based fuels Plans to power carbon-neutral methanol vessel by 2023 Cost, supply concerns remain key for methanol Continue Reading
Upstream spending to remain 26% below 2019 levels IOC’s upstream pullback gives more space to NOCs More clean energy spending needed to hit climate goals Upstream oil and gas investment Continue Reading
Iran is investigating a fire that sank one of its largest navy ships early Wednesday in the Gulf of Oman, according to Iranian state media, the latest blow to the country’s Continue Reading
A major oil refinery in Tehran is now engulfed in a huge blaze just hours after on Wednesday morning the Islamic Republic’s largest warship caught fire and sank in the Continue Reading
Saudi Arabia’s oil giant Aramco plans to raise around US$5 billion in a new bond sale as early as this month, as it looks to fund its massive annual dividend Continue Reading
Iraqi oil exports in May averaged 3.336 million barrels per day (bpd), according to Oil Ministry and industry data — a slight decline from April for both the federal government Continue Reading
Owner: National Iranian Oil Refining & Distribution Co. and private owners Overall capacity: 250,000 b/d Notes: Operations are expected to resume June 3 at the Tehran refinery, according to oil Continue Reading
Brazil thinks it can do it all as it refuses to curb fossil fuel production, despite IEA warnings, while expecting to still meet environmental goals. Meanwhile, Equinor, ExxonMobil, and Petrogal Continue Reading
Electric cars giant Tesla (NASDAQ: TSLA) said it expects to soon begin buying more than $1 billion a year of Australian lithium, nickel and other critical minerals for its batteries Continue Reading
Japan has notoriously been dependent on energy imports, being the world’s fifth-largest crude importer and second-largest LNG importer (having lost the top position to China last year). Its self-sufficiency ratio Continue Reading
China’s state planner on Thursday warned provincial and regional governments against missing their energy consumption and efficiency targets for 2021 after two-thirds of them fell short of at least some Continue Reading
The World Health Organization’s representative in Vietnam said the coronavirus mutation first detected there does not meet the global health body’s definition of a new variant, although it is still Continue Reading
The energy-rich region of the southwestern U.S. known to geologists and fossil fuel enthusiasts as the Permian Basin has expanded its production more quickly than any other oil and gas Continue Reading
Officials from California, New York and other states urged the Environmental Protection Agency on Wednesday to allow California to set its own automobile tailpipe pollution standards, which would reverse a Continue Reading
An activist investor is likely to pick up a third seat on the board of Exxon XOM 0.79% Mobil Corp., giving it additional leverage to press the oil giant to address investor discontent about Continue Reading
The U.S. economic recovery is unlike any in recent history, powered by consumers with trillions in extra savings, businesses eager to hire and enormous policy support. Businesses and workers are poised to emerge Continue Reading
As the world’s oil and gas giants face increasing pressure to reduce their fossil fuel emissions, small, privately held drilling companies are becoming the country’s biggest emitters of greenhouse gases, Continue Reading
Three years ago, not long after Hurricane Irma left parts of Miami underwater, the federal government embarked on a study to find a way to protect the vulnerable South Florida Continue Reading
President Biden’s administration has so far proven to be one of the most aggressive in pursuing climate and clean energy targets. After rejoining the Paris Climate Accord in one of Continue Reading
Each year Lake Oroville helps water a quarter of the nation’s crops, sustain endangered salmon beneath its massive earthen dam and anchor the tourism economy of a Northern California county Continue Reading
Highlights FERC holds first technical conference on climate change Panelists call for greater integration of climate projections Resource adequacy and grid planning approaches of today will not suffice in meeting Continue Reading
Billionaire Bill Gates’ advanced nuclear reactor company TerraPower LLC and PacifiCorp (PPWLO.PK) have selected Wyomingto launch the first Natrium reactor project on the site of a retiring coal plant, the Continue Reading
Testing work on Russia’s Nord Stream 2 gas pipeline to Germany will start next week, Alexander Drozdenko, governor of the Leningrad region where the pipeline starts, was cited as saying Continue Reading
The European Commission and Bill Gates joined forces in an initiative that wants to mobilize as much as $1 billion investment in clean technologies such as green hydrogen and sustainable Continue Reading
The Greens in the European Parliament warned that some member states’ recovery plans may lead to so-called greenwashing and could fail to meet the region’s climate-related spending goals as it Continue Reading
Danish renewables company Ørsted, the biggest developer of offshore wind farms in the world, plans to invest the equivalent of over US$57 billion by 2027 as part of a new Continue Reading
Vagit Alekperov, the head of Russia’s second-largest oil company Lukoil (LKOH.MM) , said on Thursday that he expects the group of leading oil producers, known as OPEC+, will decide to Continue Reading
The Nord Stream 2 gas pipeline under the Baltic Sea is almost complete with just 100 kilometres (62 miles) left to build, TASS news agency quoted Russian deputy prime minister Continue Reading
Living the seventh year of sectoral sanctions that target its prospective oil and gas projects, Russia has grown accustomed to living under pressure. Sanctions have made it much more difficult Continue Reading
OPEC Output Hike ‘100%’ About Iran Oil Uncertainty: Analyst Sen Oil extended gains after closing at the highest since October 2018 as OPEC+ provided an upbeat assessment of the demand Continue Reading
Oil prices rose on Wednesday after OPEC and its allies stuck to their plan to cautiously bring back oil supply to the markets in June and July while expecting a Continue Reading
Oil resumed its advance, reaching the highest settlement in over two years with the OPEC+ alliance forecasting a tightening global crude market and a nuclear deal with Iran still up Continue Reading
OPEC and its allies forecast that oil demand will heavily outstrip supply from August without further production increases. That suggests crude’s 35% surge this year to more than $70 a Continue Reading
It’s a tough time being in the oil and gas business. Big Oil has lately come under a plethora of attacks from all directions, ranging from uncooperative financiers and investors Continue Reading
While the world is not yet back to pre-pandemic travel levels and there is still ongoing disruption to ground transportation and air traffic, the world now consumes more than 95 Continue Reading
Oil demand is recovering faster than previously expected, and unless OPEC+ puts additional barrels on the market on top of the plans to restore 2 million barrels per day (bpd) Continue Reading
