Refiner Citgo Petroleum, the U.S. subsidiary of Venezuela’s state-held oil firm PDVSA, expects to play a “bridge” role in a Venezuelan transition once U.S. sanctions are lifted, and could help Continue Reading
The Meishan terminal at China’s second-busiest port reopened Wednesday following a two-week shutdown that further snarled already stressed shipping routes in Asia. The terminal will start the resumption of normal Continue Reading
China’s liquefied natural gas (LNG) imports are expected to increase at a slower pace in the second half of the year after blistering growth over the first six months, but Continue Reading
Japan’s economic recovery will be delayed more than previously expected as the delta variant pushes up infections to record levels, according to a Bank of Japan board member. “The current Continue Reading
A new assessment by U.S. spy agencies of the origins of Covid-19 that was delivered to the White House Tuesday didn’t yield a definitive conclusion on whether the new coronavirus Continue Reading
The Biden administration said on Tuesday it would take steps to restart the federal oil and gas leasing program in the next week and plans to hold a Gulf of Continue Reading
The fourth-largest U.S. refiner Phillips 66 (PSX.N) on Tuesday said it has put the smaller of its two Louisiana refineries up for sale amid continued losses and an uncertain future Continue Reading
The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 1.622 million barrels for the week ending August 20, bringing the total 2021 crude draw Continue Reading
Gina Peltier prayed over the Mississippi River earlier this month, hoping that President Biden would step in to stop the oil pipeline that she says will threaten Minnesota lakes, wild-rice Continue Reading
Battery energy storage installations up 439% from Q1 Texas leads additions with 1.489 GW, 17% of pipeline US project developers installed 5.62 GW of clean power capacity in second-quarter 2021, Continue Reading
California Climate Investments —a program designed to put billions of dollars to work to reduce greenhouse gas emissions—is funded with proceeds from the State’s Cap-and-Trade GHG emissions reduction program and Continue Reading
Chevron Corp. is accelerating its push to convert cow manure into renewable natural gas as part of its effort to reduce its carbon footprint. (Bloomberg) — Chevron Corp. is accelerating Continue Reading
In New York City, a tropical storm delivered record-breaking rains this weekend. Heavy downpours caused devastating flash floods in central Tennessee, tearing apart houses and killing more than 20 people. Continue Reading
Pioneer Natural Resources Co. , the largest oil producer in the Permian Basin, is requiring new hires to be vaccinated against Covid-19 as inoculation and mask mandates proliferate across the Continue Reading
Some of the largest U.S. food distributors are reporting difficulties in fulfilling orders as a lack of workers weighs on the supply chain. Sysco Corp. , North America’s largest wholesale Continue Reading
Electricity demand in Texas is expected to climb to an all-time high as searing heat continues to grip the region. The National Weather Service issued a hazardous weather outlook for Continue Reading
The delta variant of Covid-19 is scything through aviation just as key markets were getting back on their feet. In the U.S., Southwest Airlines Co. is blaming the delta strain Continue Reading
Protection against COVID-19 offered by two doses of the Pfizer/BioNTech and the Oxford/AstraZeneca coronavirus vaccines begins to fade within six months, underscoring the need for booster shots, according to researchers Continue Reading
The Nord Stream 2 gas pipeline is not exempt from European Union rules that require the owners of pipelines to be different from the suppliers of the gas that flows Continue Reading
Siccar Point Energy Ltd. is delaying work on its Cambo oil field in the U.K. North Sea, a target of vociferous criticism by environmental activists. (Bloomberg) — Siccar Point Energy Continue Reading
Crude oil futures were higher in mid-morning trade in Asia Aug. 24, after surging by more than 5% overnight, as falling COVID-19 cases in China and expectations of a delay 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 prices rose on Tuesday after the U.S. drug regulator granted full approval to the Pfizer Inc/BioNTech SE COVID-19 vaccine, stoking investor hopes that higher fuel demand would follow a Continue Reading
Less than a month into a COVID-19 vaccine booster drive, Israel is seeing signs of an impact on the country’s high infection and severe illness rates fuelled by the fast-spreading Continue Reading
The value of Saudi Arabia’s oil exports in June increased 123% to 61.5 billion riyals ($16.4 billion) from a year earlier while non-oil exports rose by around 41%, official data Continue Reading
A fire that struck an offshore oil platform operated by Mexico’s state-run Pemex cut the company’s production by 444,000 barrels per day (bpd) due to the lack of natural gas Continue Reading
As Brazil’s oil industry looks set to soar over the next decade, with the potential to provide almost a quarter of the world’s offshore oil by 2025, Big Oil is Continue Reading
A fire at an offshore oil platform operated by Mexican state oil company Pemex has left five people dead and slashed the country’s oil output by almost a quarter.About 420,000 Continue Reading
One of this year’s hottest commodities is flaming out. The price of iron ore has fallen roughly 40% since mid-July on concerns about demand from China, which makes more than Continue Reading
The U.S. and China are trading places in the economic growth race. U.S. gross domestic product rose 12.2% in the second quarter of this year from a year earlier, outpacing China’s Continue Reading
Oil stored in ships has been stacking up off key Asian ports as a crackdown in China on private crude oil processors has blunted purchases and disrupted flows, including some Continue Reading
Ships have resumed berthing operations at a halted container terminal in Ningbo, China, adding to optimism that full activity at one of the world’s busiest ports will be restored shortly Continue Reading
Delta variant, slow vaccination catch much of region off-guard Asia q/q profit likely 1st fall in 6 quarters in July-September SE Asia July factory activity fell fastest since June 2020 Continue Reading
Climate change is making China’s annual summer floods worse, and cities housing millions of people aren’t prepared to handle the damage. Record-breaking rainfall in the central province of Henan killed Continue Reading
The Texas power grid operator forecast demand would reach record highs on Monday and Tuesday as homes and businesses crank up their air conditioners to escape another heatwave. The United Continue Reading
The U.S. Department of Energy said Monday it would sell up to 20 million barrels of crude from the emergency oil reserve to comply with legislation passed in recent years. Continue Reading
The U.S. gave full approval for use of the Covid-19 vaccine from Pfizer Inc. PFE 2.48% and partner BioNTech SE BNTX 9.58% Monday, a move quickly followed by announcements from the Pentagon, the New York City school district and others that Continue Reading
Drought is blistering key U.S. cash crops, further elevating prices for staples including corn and wheat. The punishing dynamics of a torrid summer were evident this month on the Pro Farmer Crop Continue Reading
Janet Rice never suspected that Trace Creek could get so high. It would take an ocean surging 500 miles from the coast to her rural town in middle Tennessee. Then Continue Reading
ir Winston Churchill once admonished leaders to never let a good crisis go to waste, and Big Oil has rarely failed to heed the advice. Under normal circumstances, energy downturns Continue Reading
With the world headed into a low-carbon energy future , Alaska, rich in fossil fuels, is trying to hitch a ride on the green bandwagon. A joint project underway by Continue Reading
A U.S. government watchdog found multiple problems with the construction, manufacture, and design of the Keystone pipeline, validating President Joe Biden’s decision to revoke the permit for a Keystone XL Continue Reading
One of Germany’s biggest challenges in the fight against climate change is to keep the lights on. As Europe’s biggest economy shuts its last nuclear reactor next year and utility Continue Reading
Eyeing at reforms aimed at integrating Ukraine energy market into Europe Russia should not be allowed to use the Nord Stream 2 natural gas pipeline as a political weapon, Ukrainian Continue Reading
The European Commission’s 2030 renewable hydrogen targets will require huge amounts of renewable power generation, amounting to around half the EU’s total renewables generation in 2019, according to data from Continue Reading
The heavy rains and floods that killed at least 220 people in Belgium and Germany this summer were made more likely and more intense by climate change. These are the Continue Reading
The world’s largest container-shipping line is making a $1.4 billion investment in a greener fleet. A.P. Moller – Maersk A/S has ordered eight new vessels, each costing $175 million, that Continue Reading
Russia regards its Arctic oil and gas development in the same way that the U.S. saw its shale oil and gas sector around 20 years ago, which is a truly Continue Reading
Oil prices jumped 3% on Monday, recovering from a seven-day losing streak, with gains driven by a weaker dollar despite demand concerns stoked by rising cases of the Delta coronavirus Continue Reading
Brent oil climbed amid a broader market rebound after capping the longest run of declines in more than three years. Futures in London rose 3.2% on Monday, rallying with equities Continue Reading
