China National Petroleum Corporation has made an oil and gas discovery with reserves estimated at 900 million tons, Chinese media reported . The discovery was made after six years of Continue Reading
Japan Airlines (JAL) has conducted the first flight with a mixture of two different types of SAF (Sustainable Aviation Fuel) produced domestically in Japan. As a first step forward the Continue Reading
China has issued 35.24 million tonnes of crude oil import quotas to non-state refiners in a second batch of allowances for 2021, a 35% drop from the same slot last Continue Reading
The latest obstacle hitting global shipping is likely to jolt trade flows for several more weeks and could delay shipments heading into the year-end holiday shopping season. Shipping executives say around Continue Reading
Highlights Decision hinders 26 GW solar, wind project Still targets ammonia exports from 2027 Consortium targets financial close by 2025 The Australian government has rejected an application to build what Continue Reading
imetree Bay Energy will shut its St. Croix refinery indefinitely due to financial problems, the company said Monday, after a series of operational setbacks shuttered the facility. The 210,000 barrel-per-day Continue Reading
Billions of dollars in federal investments and tax credits to boost demand for U.S. biofuels will be part of two bills that Democratic lawmakers will introduce to the U.S. Congress, Continue Reading
Exxon Mobil Corp. is preparing to reduce headcount at its U.S. offices by between 5% and 10% annually for the next three to five years by using its performance-evaluation system Continue Reading
Canada has set ambitious targets for slashing emissions to fight climate change, but faces a stiff challenge: not only is its economy dependent on oil production, but the Canadian oil Continue Reading
Dozens of gasoline stations in Denver and southern Colorado ran dry last weekend as a shortage of truck drivers and pipeline work delayed fuel supplies. “It was enough of an Continue Reading
It’s been one heck of a year for Texas energy grids. Six months ago only a very select group of industry insiders and policy nerds had ever heard of The Continue Reading
The United States and Brazil, the world’s top two ethanol producers, are expected to hold down production in coming months because of the surging cost of corn and sugar. Tight Continue Reading
For the first time in nearly a decade, OPEC has solid reasons to believe that its control over the global oil supply will not be ruined by a surge in Continue Reading
US crude stocks expected 6.3 million barrels lower Refinery utilization expected at December 2019 levels Gasoline, distillate stocks likely build US crude oil inventory draws likely extended during the week Continue Reading
The Delta coronavirus variant that swept the UK has become dominant in Portugal and appeared in clusters across Germany, France and Spain, prompting European health officials to warn further action Continue Reading
The biggest developer of offshore wind farms in the world, Denmark-based Ørsted, is concerned that the race of the biggest oil companies to enter offshore wind could lead to spikes Continue Reading
Consumers in the eurozone are flocking back to bars and restaurants, booking holidays and travelling to work again, according to unofficial data that suggest pre-pandemic patterns of economic activity are Continue Reading
SSAB, LKAB and Vattenfall have now produced hydrogen-reduced sponge iron on a pilot scale. The technological breakthrough within the HYBRIT (earlier post) initiative cuts about 90% of the emissions in connection with Continue Reading
Oil held near $72 a barrel as inconclusive nuclear talks between world powers and Iran — which has elected a new hardline president — allayed prospects for a swift revival Continue Reading
In an effort to adapt to Trudeau’s recent green policies and owing to pressure from the International Energy Agency (IEA), Canadian oil sand producers have formed an alliance to achieve Continue Reading
Natural-gas prices are starting the summer air-conditioning season nearly twice as high as they were a year ago. Demand for the fuel is picking up as the world’s economies reopen and Continue Reading
Climate concerns are driving an acceleration in the global transition towards environmentally sustainable energy sources, with significant implications for emerging markets as they seek to keep pace with high demand Continue Reading
Two weeks ago, Big Oil suffered a series of boardroom and courtroom defeats in the hands of hardline climate activists. Exxon Mobil (-2.56%) lost three board seats to Engine No. Continue Reading
Differences narrowed but not easy to bridge, Iran says Iran says onus mainly on U.S. to clinch new agreement U.S. puts onus on Iran, ‘fair distance’ still to any deal Continue Reading
Iraq expects oil prices to reach $80 per barrel, the country’s state news agency reported on Sunday, citing an oil ministry spokesman. The spokesperson, Asim Jihad, did not give a Continue Reading
When Iranian diplomats resume talks with Western officials to revive a battered nuclear deal, one name will stand out on the list of individuals Tehran wants removed from the U.S. Continue Reading
National security adviser Jake Sullivan said Sunday that preventing Iran from obtaining a nuclear weapon remains a “paramount priority” for the United States, emphasizing that diplomacy “is the best way Continue Reading
Prime Minister Bennett made the comments at a cabinet meeting on Sunday Israel’s prime minister has called on the US and its allies to “wake up” to the threat of Continue Reading
EPA Natanz is heavily protected, with its most sensitive machinery housed deep underground The long-running and undeclared shadow war between two of the Middle East’s most implacable foes, Iran and Continue Reading
Long overdue government legislation must come into place in Nigeria if the country hopes to reform its oil industry to make it more accessible for international players and win back Continue Reading
The virus continues to spread in Brazil amid a lack of co-ordinated measures The number of deaths related to Covid-19 has passed 500,000 in Brazil, the second-highest in the world, Continue Reading
Air travel has come roaring back. Not everyone was ready. Customers are facing hourslong phone waits for assistance. Long lines have emerged as airlines, airports and the Transportation Security Administration scramble to hire Continue Reading
Amtrak and the Biden administration have a $75 billion plan to transform passenger train travel across America—but aside from funding, the biggest challenge might be getting the nation’s freight railroads to Continue Reading
Construction work on Baltic Pipe, a pipeline connecting Poland with Norwegian gas fields via the Baltic Sea and Denmark, will resume after a temporary halt was announced earlier this month, Continue Reading
Rolls-Royce is entering new aviation markets to pioneer sustainable power and as part of that mission will be developing energy storage systems (ESS) that will enable aircraft to undertake zero Continue Reading
After a momentous rally this year, it looks like oil prices are finally coming under pressure – with the threat of inflation dampening oil market optimism. Friday, June 18th, 2021 Continue Reading
Rising oil demand in the United States and flat domestic production in recent months have boosted the price of the U.S. oil benchmark WTI Crude, which has significantly narrowed the Continue Reading
Oil posted a fourth straight weekly gain as signs of a global demand recovery and supply discipline among producers encouraged investors. Futures in New York rose 1% this week. Strong Continue Reading
Oil fell below $71 a barrel after the biggest drop in four weeks as traders weighed prospects for a stronger dollar against rising demand. West Texas Intermediate was 0.4% lower Continue Reading
A final victory last week over the Keystone XL pipeline is a reminder that fighting particular fossil-fuel projects is a necessary strategy if the climate is to be saved. The Continue Reading
Global leaders say they want decisive action on tackling climate change at a crunch UN summit this year. The behind-the-scenes arguing among Group of Seven delegates — when progress was Continue Reading
Despite $70 oil, U.S. shale producers are not expected to significantly raise crude production this year as they continue to be focused on disciplined capital expenditures and returning more cash Continue Reading
Shale outlook discussed at Tuesday OPEC technical meeting U.S. output growth seen at about 200,000 bpd in 2021 Capital discipline remains focus for shale companies, OPEC told OPEC meets to Continue Reading
Hardline judge Ebrahim Raisi leads Iran’s presidential election, an interior ministry official said on Saturday, a day after millions of Iranians voted in a contest that critics boycotted over economic Continue Reading
Ultraconservative cleric Ebrahim Raisi swept to a landslide win in Iran’s presidential election, potentially setting the oil-rich country on a more hostile course toward the West as world powers attempt Continue Reading
Ebrahim Raisi, a conservative cleric and judiciary chief, has won Iran’s presidential election, in a landslide victory that will give regime hardliners full control over all branches of the state Continue Reading
U.S.-based EIG Global Energy Partners said on Friday a consortium it led has closed a deal to buy 49% of Saudi oil producer Aramco’s pipelines business for $12.4 billion. EIG Continue Reading
Nigeria’s Egbin Power Plc, the biggest in Africa’s most populous nation, plans to raise $1.8 billion to more than double generation capacity as it seeks to boost output and export Continue Reading
Employees monitor the production of line for vials of Covishield at the Serum Institute’s Hadaspar plant in Pune, Maharashtra in January. India will hold off on exports of coronavirus vaccines Continue Reading
Venezuela’s Nicolas Maduro has been waiting for the Biden Administration to negotiate a deal that would bring relief to the U.S. sanctions on the country holding the world’s largest oil Continue Reading
