It was strong demand for gasoline in China that drove the country’s crude oil demand higher, Bloomberg has reported , citing estimates from CNPC and Sinopec along with analysts. Gasoline Continue Reading
Beijing says the safety of its nuclear power plant in southern China is “guaranteed,” following alarming reports about a fission gas leak in recent weeks. Zhao Lijian, a spokesperson for Continue Reading
China ramps up crude processing as margins improve Asian refiners back from maintenance Strong demand push Oman, Russian ESPO, Sokol to 11-mth high Supply tight as Europe, Africa, U.S. crude Continue Reading
Environment ministry says no radiation increases outside plant Says some fuel rods damaged but still within safety parameters Says reports of change in detection standards are “erroneous” BEIJING, June 16 Continue Reading
Triple-digit heat has singed Houston earlier than at any other time in a decade, straining the power grid serving the fourth-largest U.S. city in what may be a premonition of an unusually Continue Reading
Florida Power & Light is scheduled to implode the 495 -foot (150-meter) chimney stack of its last coal-fired generating plant on Wednesday, a milestone in its full transition to cleaner Continue Reading
A federal judge in Louisiana issued a preliminary injunction blocking the Biden administration from pausing new oil and gas leases on federal land. Judge Terry A. Doughty of the U.S. District Continue Reading
Retail sales dropped in May, marking a shift in consumer spending from big-ticket items to goods and services related to going out amid business reopenings and higher vaccination rates. Consumers cut spending Continue Reading
A federal judge in Louisiana has blocked the Biden administration’s suspension of new oil and gas leases on federal lands and waters, in the first major legal roadblock for President Continue Reading
Rolling blackouts, freezing homes, and skyrocketing electricity prices. Back in February, Texas’ primary electric grid suffered a one-two punch wrought by the deep freeze and off-the-charts demand for power as Continue Reading
The power utility sector is one of the industries that are about to see the most dramatic change as parts of the world move towards a lower-carbon energy future. Utilities Continue Reading
Ohio may soon join a dozen U.S. states to have enacted legislation to preemptively block cities and counties from banning natural gas as a source of heating or cooking in Continue Reading
Texas is drawing battle lines in a fight against investors and companies turning their backs on fossil fuels. Governor Greg Abbott signed a bill into law on Monday banning state Continue Reading
The US solar market surpassed 100 GW of installed electric generating capacity in Q1 to account for 58% of all new electric capacity additions in the US, according to a Continue Reading
A cadre of oil companies, seeing continued profits in shale, are mulling Royal Dutch Shell’s (RDSa.L) holdings in the largest U.S. oil field as the European giant considers an exit Continue Reading
Swedish steelmaker SSAB AB is teaming up with Volvo Cars to develop fossil-free steel for use in the automotive industry. Volvo Cars will be the first carmaker to secure the greener steel, Continue Reading
The U.K. is struggling to put in place adequate measures to deal with rising sea levels and warmer temperatures caused by pollution, the government’s independent adviser on climate matters has Continue Reading
A car that sports upward of 1,000 horsepower and speeds of up to 300 miles per hour is difficult to square with sustainability. Such cars are normally major gas guzzlers. Continue Reading
Volkswagen’s VLKAY (0.00%) chief executive has taken aim at leaders of the Group of Seven (G7) for failing to set a firm date to phase out coal power and rejecting Continue Reading
A study by a team of researchers from Technische Universität Berlin (TUB) and Fritz-Haber-Institut der Max-Planck-Gesellschaft has found that direct seawater splitting for hydrogen production has substantial drawbacks compared to Continue Reading
Crude oil futures rose during morning trade in Asia June 15, as the restoration of the Joint Comprehensive Plan of Action seemed increasingly difficult, and as strong oil demand in Continue Reading
Oil traded above $71 a barrel as investors weighed the outlook for rising demand against extended anti-virus curbs in some economies, with officials tackling the challenge posed by more infectious Continue Reading
Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging Continue Reading
Oil prices rose early on Monday, with the U.S. benchmark hitting a 32-month high and Brent rising above $73 per barrel as the market is growing increasingly bullish on demand Continue Reading
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
Global crude oil demand will rebound to pre-pandemic levels and exceed them, clocking in at 100.6 million barrels daily by the end of next year, the International Energy Agency said Continue Reading
The OPEC Monthly Oil Market Report for June 2021 was published this past week. The last month reported in each of the charts that follow is May 2021 and output Continue Reading
The relationship between the two great indigenous powers in the Middle East – Saudi Arabia and Iran – has become significantly more nuanced in the past few weeks than the Continue Reading
Key fields: Qua Iboe, Forcados, Bonny, Bonga, Escravos faced outages Oil production averaging as low as 1.64 million b/d in 2021 Security concerns, regulatory risks further hamper supply outlook Nigeria’s Continue Reading
A nuclear power plant in southeastern China could turn into an “imminent radiological threat,” the part owner of the facility, a French company, has told the United States, CNN reported Continue Reading
A nuclear reactor and related factilities as part of the Taishan Nuclear Power Plant, to be operated by China Guangdong Nuclear Power (CGN), is seen under construction in Taishan, Guangdong Continue Reading
A Chinese-backed coal-fired power plant in Bangladesh that’s been the site of deadly crackdowns on protests has now been accused of failing to ensure proper environmental inspections. The Environmental Impact Assessment Continue Reading
U.S. oil output from seven major shale formations is expected to rise by about 38,000 barrels per day (bpd) in July to about 7.8 million bpd, the highest since November, Continue Reading
Power prices for Tuesday in the U.S. West soared to their highest levels since February as homes and businesses cranked up air conditioners to escape a brutal heat wave blanketing Continue Reading
Heat waves in Texas and California are threatening to push electrical grids to the brink, prompting the specter of blackouts yet again in the two most populous U.S. states. In Texas, Continue Reading
The president of General Motors says his company plans to announce more U.S. battery factories later this week. Mark Reuss gave no details of where the factories would be located Continue Reading
Pennsylvania’s counties and municipal governments will see the lowest level of annual fee revenue they get from Marcellus Shale gas wells, as drilling slowed and prices sank during the pandemic, Continue Reading
On the cusp of summer, the electric power grid manager for most of Texas on Monday issued its second conservation alert since the deadly February blackout, calling on users to Continue Reading
Shell may put up for sale all of its acreage in the Permian in the latest step of a low-carbon push that was most recently spurred by a court ruling Continue Reading
The average age of vehicles on U.S. roadways rose to a record 12.1 years last year, as lofty prices and improved quality prompt owners to hold on to their cars Continue Reading
An exceptional outbreak of extreme heat is set to engulf the West for much of the upcoming week, toppling records and bringing conditions that are extremely dangerous for some. Highs Continue Reading
NOTE: 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 Continue Reading
Among the variables included in my ongoing monthly monitoring of key transportation indexes is revenue passenger miles for domestic flying. That monitoring has shown a huge pandemic-related drop in flying Continue Reading
Demand for road fuel is increasing in Brazil and Mexico. (Bloomberg) — Brazil and Mexico are beginning to emerge from the pandemic and that’s boosting demand for road fuel in Continue Reading
Much of Russia’s Far East is so vast and remote that it’s mostly been left to the bears, wolves and rare breed of tiger that live there. Now the Kremlin wants to Continue Reading
Russia’s capital has ordered workers to remain at home this week and reopened several makeshift coronavirus hospitals after cases of Covid-19 surged to the highest levels this year. The additional vacation Continue Reading
Europe is so short of natural gas that the continent — usually seen as the poster child for the global fight against emissions — is turning to coal to meet Continue Reading
Two commodity trading giants are betting big on a Russian oil project in a rare move that could make or break the oil traders’ fates – and oil market observers Continue Reading
Danish work on hold after permit withdrawal No talks on new contract with Russia’s Gazprom US ‘disturbed’ to see halt to Baltic Pipe work The surprise decision in early June Continue Reading
Oil hit a 32-month high as the rollout of coronavirus vaccines boosted demand expectations for Europe and the U.S., and confidence faded over a quick return of Iranian crude supply. Continue Reading
