Lebanon, which is in the midst of a severe economic crisis, is “days away” from a social explosion, the country’s caretaker prime minister warned on Tuesday, moments before renewed, violent Continue Reading
The container ship that blocked the Suez Canal for days earlier this year is set to sail Wednesday after its owners reached a multimillion-dollar compensation deal with Egyptian authorities for Continue Reading
European countries expressed “grave concern” about Iran’s latest move Iran has begun the process of producing enriched uranium metal, it has told the global nuclear watchdog. Tehran informed the International Continue Reading
In keeping with its geographical position directly between Saudi Arabia on its west and Iran on its east, Qatar’s geopolitical positioning is a tricky thing to manage. In recent months, Continue Reading
Bloomberg News China’s top economic planning body has been put in charge of devising a plan for the world’s biggest polluter to cut greenhouse gas emissions, indicating that climate policies Continue Reading
Argentina is working to boost its oil production as well as investing in shale as the Latin American oil and gas giant continues to focus on traditional energy. June ended Continue Reading
China banning Australian coal imports might be one of the most peculiar commodity stories of 2021. At a time when commodity prices are climbing, Chinese authorities decided to drop Australian Continue Reading
The leader of Australia’s New South Wales (NSW) state on Wednesday ordered a week-long extension of Sydney’s COVID-19 lockdown, warning new cases are bound to rise as the country’s biggest Continue Reading
Highlights Indefinite lockdown to pressure Vietnam’s gasoline demand Nghi-Son refinery turned to export in June amid poor demand Economic activity to support gasoil demand in the interim Domestic demand for Continue Reading
U.S. gasoline consumption in the week leading up to the Independence Day holiday may have been the highest since 2019, adding to signs of recovery from the pandemic travel slump, Continue Reading
At his international climate summit in April, President Joe Biden vowed to cut U.S. greenhouse gas emissions in half by 2030. The goal will require sweeping changes in the power Continue Reading
AAA said on Tuesday that gas prices were expected to increase another 10 to 20 cents through the end of August. The average price of a gallon of regular in Continue Reading
Last week, Lytton, a small town in British Columbia, Canada, broke its nation’s all-time temperature reading three days in a row as temperatures soared as high as 121 degrees. Days Continue Reading
Shell is reportedly planning to quit its California-based joint venture with fellow oil supermajor ExxonMobil (-2.79%) as it looks to accelerate its transition away from fossil fuels. Four sources told Continue Reading
OPEC’s sudden disarray would seem to be an opportunity for U.S. shale producers to lock in profits, with oil prices near multi-year-highs, but sources at those companies say they are Continue Reading
The heatwave that broke temperature records in North America made last month the hottest June ever for the region, according to Europe’s Earth observation agency Copernicus. Europe also experienced extreme Continue Reading
The buyout industry has long been a major backer of fossil-fuel deals. Now it’s rolling out new green asset funds at a record clip in a bid to lure the Continue Reading
As the U.S. economy struggles to emerge from its pandemic-induced hibernation, consumers and businesses have encountered product shortages, hiring difficulties and often conflicting public health guidance, among other challenges. Now Continue Reading
Researchers at Oak Ridge National Laboratory (ORNL) have developed a nationwide modeling tool to help infrastructure planners decide where and when to locate electric vehicle charging stations along interstate highways. Continue Reading
The European Union will require countries to renovate energy-guzzling buildings faster and meet tougher targets to save energy as part of its drive to meet climate change goals, according to Continue Reading
Shell to boost returns to 20%-30% of free cashflow Company to “retire” $65 bln net debt target Spending to stay below $22 billion in 2021 as planned Second quarter LNG Continue Reading
A European Union strategy to boost forest protection has turned a simmering scientific debate into a full-blown firestorm, pitting one of the bloc’s oldest industries against a perceived power grab Continue Reading
The Delta variant of Covid-19 and a surge in infections among younger, unvaccinated people have catapulted Spain’s coronavirus rate to the highest in mainland Europe, according to Financial Times research. Continue Reading
Crude oil futures extended overnight gains during mid-morning trade in Asia July 6 on fears that oil demand will soon outstrip supply after the OPEC+ coalition, consisting of OPEC members Continue Reading
Oil prices extended gains to hit some of their highest levels since 2018 after OPEC+ discussions were called off, heightening expectations that supplies will tighten further just as global fuel Continue Reading
Oil market participants may have focused too much on the surging U.S. fuel demand with states re-opening, possibly ignoring the still lurking COVID threats to demand elsewhere, energy analyst Vandana Continue Reading
Oil prices jumped to the highest level in three years after Opec and its allies abandoned a decision over increasing oil production, as Saudi Arabia, Russia, and the UAE struggled Continue Reading
The oil market is tightening and will continue to draw down inventories for the rest of the year. This drawdown is largely due to OPEC+ offering less supply than the Continue Reading
Rare public disagreement between the United Arab Emirates and Saudi Arabia over OPEC policy points to a growing economic rivalry between the two largest Arab economies which only looks set Continue Reading
The OPEC+ oil cartel is facing its biggest crisis since a price war at the start of the coronavirus pandemic. The United Arab Emirates, the group’s fourth-biggest producer, argued against Continue Reading
When the Bush Administration invaded Iraq in the spring of 2003, allegations that the US’ core interest is Iraq’s immense oil bounty were plentiful. Whilst US-based oil services companies certainly Continue Reading
Iran’s sole nuclear power plant has been brought back online after an emergency shutdown two weeks ago, its manager told state media early on July 5. The ISNA news agency Continue Reading
BP is considering quitting upstream operations in Iraq, where the supermajor operates the biggest oilfield, Iraqi Oil Minister Ihsan Abdul Jabbar Ismaael said in a video posted on the oil Continue Reading
Israel reported on Monday a decrease in the effectiveness of the Pfizer/BioNTech COVID-19 vaccine in preventing infections and symptomatic illness but said it remained highly effective in preventing serious illness. Continue Reading
As she sat in the sun in her Mini Cooper inching her way through a long line of cars to get gas, Lynn Husami, 23, tried to use her time Continue Reading
A long-delayed deal between Saudi Arabia’s flagship oil company, Saudi Aramco, and Indian conglomerate, Reliance Industries, looks closer to going ahead following the recent appointment of Aramco chairman, Yasir Al-Rumayyan, Continue Reading
The unsuccessful attempts by OPEC+ to reach a deal on output cuts increase the risk of creating a supply squeeze in an already tight market, which could potentially send oil Continue Reading
LAST week, Thursday July 1, the Senate finally passed the long-awaited Petroleum Industry Bill, PIB. A milestone in the history of our legislative affairs. Too many interests had repeatedly scuttled Continue Reading
The fast-spreading Delta variant of the coronavirus is driving up infections in developing countries that are dangerously short on Covid-19 vaccines to battle deadly surges and whose healthcare systems are struggling to Continue Reading
About 400,000 barrels of crude oil is lost daily to theft, according to data from the federal government. The Minister of Environment, Mr. Mohammed Abubakar, at a town hall meeting Continue Reading
Oil theft The minister says the effects of the destruction of oil and gas facilities had caused huge economic losses. Mohammad Abubakar, Minister of Environment, on Monday, disclosed that Nigeria Continue Reading
Lukoil sees Mexico as a strategic region for international upstream development Project contains two oil fields with reserves estimated at 564 million boe Lukoil already involved in blocks 10, 12, Continue Reading
Asha Devi doesn’t remember how many meals she has skipped as she struggles to feed her family of seven in a remote corner of northern India where the novel coronavirus Continue Reading
Just days after video of a massive ocean surface blaze near a Pemex oil platform in the Gulf of Mexico went viral, Mexico’s national oil company has declared that environmental Continue Reading
Mexico’s government designated state oil company Petróleos Mexicanos as the operator of a large offshore oil reservoir it shares with a consortium led by Houston-based Talos Energy Inc., which has already invested heavily Continue Reading
Crude oil buyers in Asia are concerned that an unexpected cancellation of an OPEC+ meeting to discuss a rise in output could drive oil prices even higher and hurt their Continue Reading
ENN LNG (Singapore) Pte Ltd, a unit of private Chinese gas distributor ENN Group, has agreed via a tender to buy about 26 cargoes of liquefied natural gas (LNG) for Continue Reading
A key mining region in Australia, the world’s top exporter of metallurgical coal used in steelmaking, is producing vastly more methane emissions than global competitors, according to new analysis. For Continue Reading
This year will likely go down in history as the year when hydrogen won over the media. While it will still be a while before it becomes as mainstream as Continue Reading
TC Energy, the Canadian pipeline operator that was building the Keystone XL project, has filed a notice of intent to initiate a claim against the Biden administration for the suspension Continue Reading
