Oil fell on Thursday for the first session this week as renewed concerns about demand amid rising COVID-19 infections cut short a three-day rally, and as production returned in Mexico. Continue Reading
Oil clung to the gains from its biggest two-day advance since November, with prices continuing to fluctuate amid concerns about the impact of the coronavirus on global consumption. Futures in Continue Reading
Oil prices dropped on Wednesday but stayed above $70 a barrel, taking a breather after recent days’ strong rally as Mexico was set to resume crude production following a major Continue Reading
After taking a beating over the past few weeks, oil prices have been surging on rising demand optimism, a major production outage in Mexico, and the first full U.S. regulatory Continue Reading
The global supply chain crunch was meant to be temporary, but it looks like it will have a lasting impact into the next year . A supply chain crunch that Continue Reading
Spotting Plumes of Polluting Methane Gas One of the most dangerous greenhouse gases is leaking into the atmosphere relentlessly from the European Union’s easternmost edge. Invisible plumes of methane escape Continue Reading
▲ It’s tough to tell without infrared cameras or satellites, but the southwestern U.S. is pumping far more of a potent greenhouse gas into the atmosphere than scientists had thought. Continue Reading
There was recently an attack on the Mercer Street vessel belonging to an Israeli billionaire, with Iran being blamed for the incident. These kinds of attacks have been happening since Continue Reading
New foreign minister also approved Iran’s Parliament on Aug. 25 confirmed Javad Owji as the country’s new oil minister, taking on the job at a critical time when OPEC’s fourth-biggest Continue Reading
Highlights BP, PetroChina to be JV partners in Basra Energy Company Rumaila produces around 1.5 million b/d BP wants to slash output and lower its carbon emissions Iraq has approved Continue Reading
Here is a snapshot of what’s happening with Iran, its nuclear talks and energy markets. Latest developments The top American negotiator in the Iranian nuclear talks said Washington is prepared Continue Reading
Sydney’s outbreak of delta variant cases is worsening, with new daily infections in New South Wales state passing 1,000 for the first time. India recorded the highest daily tally in Continue Reading
Venezuela’s socialist government sees the swap it made last week of shares in a Dominican oil refinery for defaulted bonds as a possible model for future deals, as it seeks Continue Reading
A deadly weekend fire at on an offshore platform in the southern Gulf of Mexico operated by Mexican state oil firm Petroleos Mexicanos (Pemex) could have been caused by a Continue Reading
China’s state-run energy major Sinopec said on Wednesday it had discovered a new 100-million-tonne oil and gas field in the Shunbei area of the Tarim Basin in the country’s Xinjiang Continue Reading
Approvals for major new coal power plants by China’s local authorities show the tension in the nation’s efforts to meet climate goals, even as the overall total of projects given Continue Reading
China announced on Wednesday the discovery of a major shale oilfield in the Daqing Oilfield cluster with expected reserves of 1.27 billion tons of oil, Chinese Xinhua news agency reported Continue Reading
Seaborne metallurgical coal prices hit an all-time high of $410/mt CFR China for premium hard coking coal Aug. 25. The previous high was reported at $392.50/mt CFR China on Jan. Continue Reading
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast . China’s campaign to clamp down on industries ranging from steel to education to Continue Reading
Labor shortages are materializing across China as young people shun factory jobs and more migrant workers stay home, offering a possible preview of larger challenges ahead as the workforce ages Continue Reading
Highlights Platts JKM already teasing $18/MMBtu Trading reflects concerns about steep price trajectory Gas inventories in North Asia, Europe closely watched Asia’s LNG importers expect high spot prices this winter Continue Reading
Crude inventories last week dropped for a third straight week while fuel demand rose to its highest since March 2020, the Energy Information Administration said on Wednesday. Crude inventories (USOILC=ECI) Continue Reading
U.S. refiner Phillips 66’s (PSX.N) decision to market a Louisiana oil processing plant offers a key test of investors’ views on the pace of the transition to electric vehicles, refinery Continue Reading
Americans are still buying up fuel to make the most of summer travel despite a new wave of Covid-19 outbreaks, allaying fears a resurgent virus would choke off the oil Continue Reading
Energy and climate policies in two sweeping pieces of legislation moving through Congress would put within reach President Joe Biden’s goals of achieving 80% clean energy and a 50% economy-wide Continue Reading
White House and other administration officials told the Environmental Protection Agency that its industry-backed plan for tightening auto emissions limits was too lax, but the agency rebuffed those warnings and Continue Reading
For the insurance industry to fulfill its stated commitment to combat climate change, it may want to accelerate its efforts to exit the oil and gas industry . To date, Continue Reading
Darrell Rice stood in a field of corn he’d planted in early June, to be harvested in the fall and chopped up to feed the hundreds of cows and calves Continue Reading
Low levels of water in the Rockport reservoir in Oakley, Utah, last month.Credit…Lindsay D’Addato for The New York Times Credit…Source: NOAA’s National Centers for Environmental Information transcript Survivor of Deadly Continue Reading
In a major acceleration of its electric vehicle charging business in the US, Siemens plans to produce more than 1 million EV chargers for U.S. homes and businesses over the Continue Reading
Highlights Chicago futures $2 higher year over year Midwest nuclear plants slated to retire Gas-fired power demand in the US Upper Midwest might prove more than expected in the months Continue Reading
Oil settled higher on Wednesday after the EIA reported U.S. crude inventories fell to the lowest since January, 2020, and domestic gasoline inventories fell more than expected. Oil rose for Continue Reading
The US oil and gas pipeline industry is looking for new opportunities to lay steel in the ground with pipes that carry the carbon dioxide produced when fossil fuels are Continue Reading
U.S. clean energy associations hailed the House’s vote on Tuesday to approve a budget resolution to advance the $3.5 trillion Congressional budget deal, which has earmarked resources to accelerate the Continue Reading
US Northeast power and gas prices saw significant rises on Aug. 24-25 trading amid the ongoing heatwave. In New York Independent System Operator, real-time locational marginal prices topped $1,000/MWh across Continue Reading
Imperial is moving forward with plans to construct a major renewable diesel complex at its Strathcona refinery near Edmonton, Alberta—the largest refinery in western Canada. This new complex is expected Continue Reading
Starting in 2023, a dedicated line at Toyota Motor Manufacturing Kentucky (TMMK) will begin assembling integrated dual fuel cell (FC) modules destined for use in hydrogen-powered, heavy-duty commercial trucks. The Continue Reading
Russia expects to increase greenhouse gas emissions over the next 30 years and instead rely on its trees to meet its international climate obligations, according to a draft of the Continue Reading
German Chancellor Angela Merkel has said natural gas should never be used as a geopolitical weapon and backed extending an energy partnership deal with Ukraine once it expires in 2024. Continue Reading
Highlights Capacity must be auctioned to third parties Nord Stream 2 pipeline nears completion Poland and Ukraine welcome judgement Receive daily email alerts, subscriber notes & personalize your experience. Register Continue Reading
Oil clung to the gains from its biggest two-day advance since November, with prices continuing to fluctuate amid concerns about the impact of the coronavirus on global consumption. Futures in Continue Reading
Oil prices dropped on Wednesday but stayed above $70 a barrel, taking a breather after recent days’ strong rally as Mexico was set to resume crude production following a major Continue Reading
Oil prices gained for a second session, building on the biggest one-day gain in five months, amid glimmers of optimism among bulls that a hit to demand from the delta Continue Reading
Oil extended gains from the biggest jump in five months as China’s success in stamping out virus flare-ups boosts optimism of a demand recovery. U.S. oil futures rose 2.9% while Continue Reading
President Joe Biden introduced a plan for $50 billion in chip research earlier this year. The spike was good news for Chevron (CVX) and Exxon Mobil (XOM), which returned roughly Continue Reading
The electrification of homes is touted as one way to reduce greenhouse gas emissions in the residential sector as the U.S. Administration aims for a net-zero economy by 2050. But Continue Reading
The recent resurgence in Covid-19 infections in many parts of the world led not just to a slump in oil prices but growing pessimism about the prospects of oil demand. Continue Reading
Egypt wants to have 43% of power from renewables by 2035 Siemens Energy and the state-owned Egyptian Electricity Holding Co. have signed a memorandum of understanding to develop a hydrogen-based Continue Reading
India’s population is projected to grow to 1.52 billion people by 2036, expectedly surpassing China to be the world’s most populous country around 2031. Despite the fact that India’s growth Continue Reading
PEMEX reported Monday that five people have died, six have been injured and two are missing following a fire in the Ku-A Processing Center at the E-Ku-A2 compression and electricity Continue Reading
