Fossil fuels are here to stay. This is the message one oilfield major CEO had for those watching the surge of gas prices in Europe, some with trepidation, others with Continue Reading
The U.S. and European economies slowed in September as supply-chain bottlenecks and worries over the Delta variant weighed on businesses, adding to signs the global economy is experiencing a soft patch amid Continue Reading
Oil and gas companies are set to ramp up production in the Arctic by 20 per cent in the next five years, according to a new report shared with City Continue Reading
Ahead of the 76th UN General Assembly, the US and the EU both agreed to cut methane emissions by at least 30 percent from 2020 levels by the end of Continue Reading
Governments around the world have long encouraged motorists to buy electric cars. Now they are starting to grapple with a consequence of the green drive: dwindling income from fuel taxes. Continue Reading
UN Launches ‘No New Coal’ Pledge Seven countries have signed a pledge initiated by the United Nations to stop building new coal power plants, with the aim to gather more Continue Reading
Europe’s gas crisis is a warning that climate change is rapidly morphing from a faraway prospect for investors to direct input into asset allocation decisions. The transition away from the Continue Reading
Military forces of the Iran-aligned Houthi movement in Yemen are advancing amid heavy fighting in the regions of Yemen that hold its oil and gas fields and assets, sources from Continue Reading
Dar es Salaam — Tanzania and Uganda’s private sector partnership have agreed on four issues that need addressing if local businesses in the two countries are to benefit from the Continue Reading
Despite huge oil reserves waiting to be tapped, the ongoing sanctions on Venezuelan oil and the current state of politics and the economy are driving international oil majors away from Continue Reading
Australia and Indonesia, the world’s biggest coal exporters, face an accelerated decline in global demand for their coal shipments after China said it would stop building coal-fired power plants overseas, Continue Reading
China’s move to clean up its heavy-polluting industrial sector has triggered a swift collapse in iron ore prices for the first time since July 2020. Prices last Friday and Monday Continue Reading
Power rationing and forced cuts to factory production in China are widening amid electricity supply issues and a push to enforce environmental regulations. The curbs have expanded to more than Continue Reading
Roiled by widening power curbs that have disrupted industrial operations, Chinese commodity producers and manufacturers may finally be getting some relief. Beijing’s top economic planner, the National Development and Reform Continue Reading
Highlights Pipeline imports at record high, Russian imports to rise LNG importers seek safety via strip tenders Focus on gas supply security during Winter Olympics China, the world’s largest natural Continue Reading
Chinese authorities are asking local governments to prepare for the potential downfall of China Evergrande Group, EGRNF -11.25% according to officials familiar with the discussions, signaling a reluctance to bail out the debt-saddled property developer while Continue Reading
Syncrude Canada Ltd. , a light crude producer majority-owned by Suncor Energy Inc. , cut September supplies due to a mechanical disruption at its oil sands site, according to a Continue Reading
U.S. oil refiners hunting to replace storm-lost U.S. Gulf of Mexico crude have been turning to Iraqi and Canadian oil, while Asian buyers have been pursuing Middle Eastern and Russian Continue Reading
The race is on for car manufacturers to bring out their own range on electric vehicles (EV). But what if the new kid on the block ends up taking over? Continue Reading
After oil majors promised to impose tighter regulations on gas flaring, following widespread criticism over the levels of gas being released into the atmosphere as a waste product from oil Continue Reading
The aftermath of Hurricane Ida is still curtailing U.S. crude oil production, with 16% of crude oil production in the Gulf of Mexico still offline as of Thursday, according to Continue Reading
Highlights Unit could be producing before end of year Strong netbacks incentivizing US output push Feedgas deliveries to Cheniere Energy’s Sabine Pass liquefaction facility in Louisiana hit their highest level Continue Reading
Oil exploration and production companies in Texas added 2,800 jobs in August as the industry continues to recover from the pandemic-driven oil bust. The state’s upstream sector has recovered 19,700 Continue Reading
When researchers flew over an Energy Transfer LP facility in the Permian Basin of West Texas two months ago, a NASA-designed sensor on their airplane detected a colossal plume of Continue Reading
War-torn Yemen, where the overwhelming majority of the population is unvaccinated, is seeing coronavirus cases multiply and deaths soar, according to a report this week by the British charity Oxfam. Continue Reading
Florida’s version of the American dream, which holds that even people of relatively modest means can aspire to live near the water, depends on a few crucial components: sugar white Continue Reading
Oil company BP (BP.L) said on Thursday it had temporarily closed some of its petrol forecourts in Britain after its ability to transport fuel from refineries was hit by an Continue Reading
Consumers should not panic buy products as Britain is not heading back into a 1970s-style “winter of discontent” of strikes and power shortages, a junior minister said on Thursday. Soaring Continue Reading
Compounding the ongoing UK energy crisis is BP plc, a multinational oil and gas company, which said it plans to restrict deliveries of gasoline and diesel across its network of Continue Reading
Britain on Friday vowed to do whatever it takes to resolve a trucker shortage that has closed petrol stations and strained supermarket supply chains to breaking point but the haulage Continue Reading
WATCH: Germany is in a “bottleneck recession,” according to Ifo President Clemens Fuest. Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast . Continue Reading
Russia reported a record 828 Covid-19 deaths in the latest day, as officials warned of a new wave of the pandemic. The real number of deaths linked to the coronavirus Continue Reading
Goldman’s Currie Sees $90 Oil If Winter Is Colder Than Normal Oil held near its highest close in almost two months on signs that stockpiles globally are declining amid a Continue Reading
Oil prices extended gains on Thursday, riding higher on growing fuel demand and a bigger-than-expected draw in U.S. crude inventories as production remains hampered in the Gulf of Mexico after Continue Reading
The energy transition is in full swing, with electric vehicles supplanting gas guzzlers and solar panels and wind turbines replacing coal and oil as the world’s leading energy sources. The Continue Reading
Oil rallied after a U.S. industry report showed another big draw in crude inventories, pointing to a tightening market, and China’s central bank added liquidity to quell concern about a Continue Reading
Brent could reach $90 per barrel if the weather in the northern hemisphere turns out to be colder than normal this winter, Goldman Sachs’ Jeff Currie said on Wednesday, according Continue Reading
The current shortage of natural gas and price spikes on the gas markets could be a boon to OPEC, which expects higher demand for other fuels when gas prices are Continue Reading
Gastech, the first major in-person industry event since the pandemic started, couldn’t have happened at a better time to show that despite the push toward renewable energy, natural gas will Continue Reading
Global record-high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such as Continue Reading
The United Nations agency, the World Health Organization (WHO), issued on Wednesday its first update on air quality guidelines in 15 years, lowering the recommended limits of emissions, including those Continue Reading
An initiative called Probable Futures hopes its interactive maps showing how fast the Earth could heat will lead citizens and countries to ask questions about how climate change is transforming Continue Reading
Reuters image captionAir pollution regularly exceeds recommended safe levels Air pollution is even more dangerous than previously thought, the World Health Organization (WHO) has warned, as it slashes maximum safe Continue Reading
Iran is drafting plans to attract as much $145 billion domestic and foreign investments in its oil industry over the next eight years, Iranian Oil Minister Javad Owji said on Continue Reading
Insurgents from the self-proclaimed Islamic State (IS) militant group are evolving their tactics and launching increasingly bold attacks, as they continue to exploit chronic security gaps in northern Iraq’s disputed Continue Reading
The United States is giving $247 million in humanitarian aid and $89 million in economic and development aid to Venezuelans, State Department spokesman Ned Price said in a statement on Continue Reading
The world’s largest independent oil trading house, Vitol Group, has formed a $250-million partnership with Chinese electric vehicle maker BYD to provide EV fleet mobility services in select markets worldwide, Continue Reading
A new total cost of ownership (TCO) study from the National Renewable Energy Laboratory (NREL) finds that battery-electric and fuel-cell electric commercial trucks could be economically competitive with conventional diesel Continue Reading
Exxon Mobil Corp. , Chevron Corp. and ConocoPhillips are among companies failing to report all their tax payments despite being members of the Extractive Industries Transparency Initiative, the global anti-corruption Continue Reading
Natural gas drillers’ earnings would take a hit from a potential U.S. crackdown on methane leaks, according to Citigroup Inc. — but the magnitude of the impact depends on how Continue Reading
