China imposed new restrictions on travel in a bid to slow a delta-driven outbreak that’s grown to more than 500 cases scattered across half the country, as the government stuck Continue Reading
Sydney reported a record daily number of new coronavirus infections on Thursday, as Victoria state said it will enter a snap one-week lockdown as Australia struggles to contain an outbreak Continue Reading
From an office in Shenzhen’s sprawling electronics district, an engineering team is prototyping a bioreactor that will one day produce “cultivated meat”, discussing component sizes in a video call with Continue Reading
Tokyo reported a record 5,042 new coronavirus cases Thursday, as the Olympics held under unprecedented conditions due to the pandemic entered their final few days in the Japanese capital. The Continue Reading
The delta variant is challenging China’s costly strategy of isolating cities, prompting warnings that Chinese leaders who were confident they could keep the coronavirus out of the country need a Continue Reading
Jet fuel demand is finally taking off as American travelers return to the skies, but concerns over the Delta variant of Covid-19 may further delay full recovery. U.S. consumption of Continue Reading
The median projection by U.S. Federal Reserve rate setters of 7% economic growth in 2021 is slipping out of reach, Bloomberg Economics’ updated forecasts suggest. The main factor behind the downward Continue Reading
Conditions in and above the Atlantic Ocean continue to suggest that this year’s hurricane season will be an above-average one, a government scientist said Wednesday.Matthew Rosencrans, of the National Oceanic Continue Reading
Despite a marked rise in U.S. air travel numbers this year compared to 2020, jet fuel inventories have climbed in recent months as refiners boosted production, while jet fuel demand Continue Reading
Texas Eastern Transmission on Aug. 4 lifted an extended capacity restriction on its 30-inch line, opening the floodgate for more Appalachian gas to flow southbound to markets in the US Continue Reading
Devon Energy Corp. and ConocoPhillips are among potential suitors studying Royal Dutch Shell Plc’s portfolio of Permian Basin oil fields, people familiar with the matter said. (Bloomberg) — Devon Energy Continue Reading
A rapidly spreading wildfire burned homes and forced thousands to evacuate in two heavily wooded counties northeast of Sacramento in Northern California on Wednesday, generating a towering plume of smoke Continue Reading
A group of Democratic U.S. senators on Wednesday unveiled legislation establishing a $500 billion fund to be financed by Big Oil and other “carbon polluters” that they hope to attach Continue Reading
U.S. crude oil stockpiles rose, while gasoline inventories fell, in a signal of steady demand for fuel, the Energy Information Administration said on Wednesday. Crude inventories (USOILC=ECI) rose by 3.6 Continue Reading
A quick start to the Atlantic hurricane season saw five storms form so far this year, well ahead of normal pace of a normal year, before settling into a lull Continue Reading
Roughly half of all cars and light trucks sold in the U.S. by 2030 would be electric, hydrogen-fuel cell and plug-in hybrid vehicles under voluntary targets set to be announced Continue Reading
President Biden on Thursday is set to announce a far-reaching, multipronged plan to make U.S. cars and light trucks more fuel-efficient and to begin a shift to electric vehicles over Continue Reading
Last week, ExxonMobil (NYSE:XOM) reported Q 2 2021 earnings in one of Big Oil’s most anticipated scorecards this earnings season. The United States’ largest oil and gas company posted stellar Continue Reading
Shale explorers are facing almost $12 billion in losses this year from bad bets on oil after a global rally, according to BloombergNEF. (Bloomberg) — Shale explorers are facing almost Continue Reading
One unit at Uniper’s (UN01.DE) 2-gigawatt Ratfcliffe coal plant in Britain will close next year, two years ahead of the full shut down of the facility, the company said on Continue Reading
Russia plans to subsidize the purchase of domestically manufactured electric vehicles (EVs) to stimulate demand and production, the country’s economy ministry said on Wednesday. The use of electric cars in Continue Reading
Russia’s gas giant Gazprom boosted its natural gas exports to Europe by 23 percent annually in January to July 2021, Gazprom Export said this week. In the first seven months of Continue Reading
Leading Russian agricultural agencies have sharply revised down their forecast for the country’s wheat output in marketing year 2021-22 (July-June), driving up wheat prices and indicating tight global supplies could Continue Reading
Oil prices edged higher on Wednesday, supported by a fall in U.S. inventories and Mideast geopolitical tensions, but the increasing spread of the coronavirus Delta variant in top consuming countries Continue Reading
Delta Cases Rise in Mainland China Oil declined for a second day as the spread of Covid-19’s delta variant in China threatened to disrupt the recovery in global crude consumption. Continue Reading
Crude oil markets have been jittery lately as additional OPEC+ output counters expectations of continued strong demand and coincides with concerns about the resurgence of Covid-19 in key markets. Yet Continue Reading
The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 879,000 barrels for the week ending July 30, bringing the total 2021 crude draw so Continue Reading
Japan has been making headlines with its plans to significantly increase its reliance on hydrogen to satisfy its energy needs. Right now, it is demonstrating its transformation into a hydrogen Continue Reading
Asphalt Princess seized by armed individuals, sources say Vessel about 61 nautical miles off the coast of Fujairah Incident follows deadly July 29 drone attack on tanker A vessel may Continue Reading
Highlights Iraq’s July exports rose to 3.278 million b/d July quota rose 4.016 mil b/d vs 3.954 mil b/d in June Quota will rise again in August Iraq’s total crude Continue Reading
Iran’s oil comeback, already taking longer than many traders expected, will be further complicated by shipping attacks in the past week, including a deadly drone strike on a tanker near the Gulf of Oman Continue Reading
A suspected hijacking of a vessel near Iran has ended, the British Navy said Wednesday, days after a deadly drone attack on a tanker in the same area that the U.S and Continue Reading
Technical, maintenance issues keeping a lid on current output Output could become more volatile ahead of Dec elections Libya currently producing near 1.20 million b/d of crude Libya has the Continue Reading
Highlights Easing OPEC+ quotas squeeze Iran’s market share Iran’s oil hopes rest on stalled nuclear deal talks New Iranian president will be inaugurated Aug. 5 Iranian President-elect Ebrahim Raisi takes Continue Reading
In May, the Saudi government barred the use of loudspeakers to amplify prayers and sermons at mosques and ordered that the volume of the traditional call to prayer, which has Continue Reading
Iran has spent a lot of its time, money, and lives of its direct and proxy military forces in building up its influence across the Shia Crescent of power in Continue Reading
Shell is considering resuming operations in Libya by contributing to oilfield developments and increasing marketing and refining activities, Libya Herald reported on Tuesday, citing Libya’s National Oil Corporation (NOC) as Continue Reading
Nigeria has lost 4.5 trillion barrels of oil to theft in the last four years, according to data from the Nigeria Natural Resource Charter (NNRC). Another data from the National Continue Reading
The strife-torn South American nation of Colombia was rocked by anti-government protests which commenced in late April 2021 and lasted for roughly two months. By mid-May 21 road blockades had Continue Reading
Bloomberg News A health worker takes a swab sample for Covid-19 at a voluntary nucleic acid test clinic in Beijing, on Aug. 2. Photographer: Noel Celis/AFP/Getty Images China’s broadest Covid-19 Continue Reading
A massive methane plume detected last month over Kazakhstan occurred near a major pipeline that supplies natural gas to China. The cloud was observed roughly 100 kilometers (62 miles) west Continue Reading
he city where Covid-19 was first detected reported new infections for the first time in more than a year, prompting authorities there to launch mass testing, as China fights to Continue Reading
A fast-spreading outbreak of the Delta coronavirus variant in China has caused rare infections among the country’s vaccinated individuals, spurring authorities in Beijing to impose sudden travel restrictions. China’s National Continue Reading
In the battle against the coronavirus, few places seemed as confident of victory as China. The country of 1.4 billion people had eradicated the virus so quickly that it was one Continue Reading
Four days ago, we reported a shipping container-sized Tesla Megapack battery unit at the world’s largest energy storage project, operated by France’s Neoen SA, in Australia’s Victoria, dubbed “Victorian Big Continue Reading
Japan’s pandemic entering ‘new phase’ – minister Tokyo COVID cases, at record of 4,166 Ruling party lawmakers call for roll-back of new hospital policy Controversy is another setback to PM Continue Reading
China reports 71 new local cases for Aug 3, most since Jan 30 Number of local cases up for five consecutive days since July 30 So far, 17 provinces, regions, Continue Reading
A slew of measures by Chinese authorities to tame soaring raw material costs has had only a fleeting effect, leaving the world’s largest manufacturing base facing the harsh reality of Continue Reading
China’s worst coronavirus outbreak since the start of the pandemic a year and a half ago escalated Wednesday with dozens of more cases around the country, the sealing-off of one Continue Reading
Highlights Analysts cut jet fuel demand forecast by 70,000-200,000 b/d China’s September jet fuel exports to rise Jet fuel prices remain pressured in Asia China’s jet fuel demand during the Continue Reading
