Forget Gas and Hydrogen. Your Next Boiler Should Be a Heat Pump
For all the hype surrounding hydrogen, the cheapest way to warm a home during the green transition will be a heat pump. That’s the finding a new study by European Continue Reading
Covid cases rise nationwide, causing ‘almost unmanageable strain’ in Michigan – The Washington Post
tSpectrum Health, a major health-care system here, officials spent part of last week debating whether to move to “red status” in a show of how strained hospitals had become. A Continue Reading
The EV Industry Is Desperate For New Lithium Supply
Lithium is once again rallying as automakers go all-in on electric vehicles. Demand for lithium is set to see a prolonged rally, prompting buyers to scramble to secure long-term contracts. Continue Reading
California Gasoline Price Hits Record on Thanksgiving
The average price for regular unleaded gasoline in California hit a new record. The average price for regular unleaded gasoline in California hit a new record on Thanksgiving at $4.709, Continue Reading
What We Know About the New Coronavirus Variant Now Spreading
A new variant of the coronavirus that causes Covid-19 — called B.1.1.529 — has been identified in South Africa, with officials there saying it’s highly concerning. Fears that a new Continue Reading
Britain says new COVID-19 variant is the most significant yet found
Britain said on Friday that a newly identified coronavirus variant spreading in South Africa was considered by scientists to be the most significant one yet found and so it needed Continue Reading
ISS recommends shareholders support Shell move to UK
Proxy advisory firm Institutional Shareholder Service (ISS) recommended shareholders support Royal Dutch Shell’s (RDSa.L) plan to move its head office from the Netherlands to Britain, according to a document seen Continue Reading
EU wants to stop flights from southern Africa over variant
European Union nations were moving to stop air travel from southern Africa on Friday, seeking to counter the spread of a new COVID-19 variant as the 27-nation bloc battles a Continue Reading
As Europe virus cases surge, UK plows on with its new normal
As countries across Europe reimpose lockdowns in response to surging COVID-19 cases and deaths, the UK – long one of Europe’s hardest-hit countries — carries on with a policy of Continue Reading
German Coalition Proposes a Combustion-Car Ban Without Saying So
Germany is facing a ban of combustion-vehicle sales before the end of the decade — that’s if the home of Volkswagen AG is serious about hitting the new government’s targets Continue Reading
Siberia Coal-Mine Explosion Kills More Than 50 – WSJ
Russian authorities opened a criminal investigation into a suspected methane-gas explosion at a Siberian coal mine that killed more than 50 people and left dozens hospitalized, casting a spotlight on a Continue Reading
Russian Mine Blast Kills Dozens, Among Them Rescuers – The New York Times
A gas buildup and explosion in a Siberian coal mine on Thursday killed at least 52 people — including six rescuers — in the country’s worst mining disaster in over Continue Reading
Why Is Ukraine Ignoring Its Massive Bioenergy Potential?
Ukraine’s dependence on natural gas imports has left it vulnerable to Russian influence and increasing prices. According to energy experts and officials, Ukraine could substantially reduce its use of natural Continue Reading
Cold Blast Sends Power Prices Soaring In Germany
Europe’s first cold spell of the heating season has arrived, pressuring power prices higher as freezing temperatures ushers in increased power demand to heat building structures across the central-west region. Continue Reading
German coalition plans for 480-540 TWh renewables by 2030 to exit coal
Highlights EEG 2021 law set pathway towards 377 TWh by 2030 Wind, solar groups call for fast implementation EEG levy to end 2023 amid price rally, CO2 tax Germany’s incoming Continue Reading
BMW eDrive Zones for PHEVs now available in 138 European cities
The BMW Group is introducing its innovative eDrive Zones in another 20 European cities, including Copenhagen, Verona and Toulouse. A total of 138 cities in Europe are now benefiting from Continue Reading
Oil Down After Biggest USA Supply Build in 3 Weeks
A government report showed U.S. stockpiles increased 1.02 million barrels last week. Oil edged slightly lower a day after U.S. stockpiles rose and the day after the announcement of a Continue Reading
Oil weakens, focus on OPEC+ response to U.S.-led crude release
Oil prices edged down on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even Continue Reading
Oil Steady After OPEC Says Reserves Release to Bloat Surplus
Oil was steady after OPEC said a planned coordinated release of reserves may swell a crude surplus expected early next year. Futures in New York traded near $78 a barrel. Continue Reading
Oil edges higher as investors sceptical about effectiveness of joint reserve release
Oil prices edged higher on Wednesday, extending gains from the previous day, as investors remained skeptical about the effectiveness of a U.S.-led release of oil from strategic reserves and turned Continue Reading
Oil Edges Lower After Biggest U.S. Supply Build in Three Weeks
SPR Release Bullish for Oil Next Year, Analyst Sen Says Oil edged slightly lower a day after U.S. stockpiles rose and the day after the announcement of a coordinated release Continue Reading
Researchers use satellite data to show vehicles are an under-recognized source of urban ammonia pollution
By disrupting normal societal activities such as driving, COVID-19 lockdowns afforded a unique opportunity to study their impacts on the environment. Researchers now report in ACS’ Environmental Science & Technology Continue Reading
OPEC Panel Forecasts SPR Releases May Massively Swell Global Oil Surplus
OPEC expects that oil stockpiles released by consuming nations could massively swell the surplus in global markets. The projections from OPEC’s advisory body — the Economic Commission Board — come Continue Reading
OPEC+ Urged to Relieve ‘Artificial Tightness’ in Oil Market
The International Energy Agency accused Saudi Arabia, Russia and other major energy producers of creating “artificial tightness” in global oil and gas markets, urging the OPEC+ cartel to accelerate the Continue Reading
OPEC Weighs Shift in Oil Policy After Crude Release
Top oil producers Saudi Arabia and Russia are considering a move to pause their recent efforts to provide the world with more crude, according to people familiar with those discussions, Continue Reading
The Real Reason Why OPEC+ Won’t Open The Taps
The Biden Administration wants the OPEC+ alliance to pump more oil to lower gasoline prices The group dominated by Middle Eastern oil producers and Russia can’t do much more than Continue Reading
UN Nuclear Agency Fails To Reach An Agreement With Iran
The head of the United Nations’ atomic agency says talks he held in Tehran this week over Iran’s nuclear program proved inconclusive. Rafael Grossi, the director-general of the International Atomic Continue Reading
Nigeria: End Fuel Subsidy in Six Months – World Bank to Nigeria
Lagos — The World Bank has called on the federal government to end what it described as ‘its expensive fuel subsidy regime’ within three to six months. The Global lender Continue Reading
Nigeria: Nembe Creek OML 29 Wellhead Still Spewing Crude Oil, 19 Days After
NINETEEN days after the spill at the Santa Barbara Well 1 in Oil Mining Lease, OML 29 operated by Aiteo Eastern Exploration and Production Company, AEEPCO, in the Nembe creek, Continue Reading
Pakistan petrol retailers start nationwide strike as profit margins drop
Pakistan’s petrol retailers began a nationwide strike on Thursday as the main industry body flagged low-profit margins, exacerbated by the government’s move to raise taxes and boost revenue under its Continue Reading
Chevron’s Venezuelan Operations Kept in Limbo After Maduro’s Win
The U.S. is leaving Venezuelan operations of Chevron Corp. and top American oil-service companies at a standstill after President Nicolas Maduro’s socialist party came victorious in regional elections questioned by Continue Reading
Guyana Is Walking A Fine Line With Its Oil Boom
Guyana’s oil boom has the potential to turn the South American nation into one of the richest countries in the world on a per capita basis The country has to Continue Reading
Asia’s Oil Refining Renaissance Is Grinding Into Reverse Gear
Asian oil refiners are starting to see a recent resurgence in profitability go into reverse, eroding a source of demand strength that helped drive crude prices to an seven-year high Continue Reading
South Korea sets pandemic high with 4,000 new virus cases
New coronavirus infections in South Korea exceeded 4,000 in a day for the first time since the start of the pandemic as a delta-driven spread continues to rattle the country Continue Reading
China Keeps Markets In The Dark About SPR Release
China’s Foreign Ministry: volume of SPR release will be according to China’s needs Foreign Ministry declined to comment on whether the release was a coordinated effort with the U.S. The Continue Reading
Japan refiners dust off fuel oil supply chains to meet rising utility demand
Japanese refiners are dusting off unused supply chains for fuel oil and getting coastal vessels and storage tanks ready after receiving requests from electric utilities to supply more fuel oil Continue Reading
China emissions fall as economy buffeted by property downturn
Carbon dioxide emissions in China have fallen for the first time since last year’s lockdown, the latest signal the property sector downturn and energy shortages have hit industrial demand in Continue Reading
U.S. consumer spending surges in October; inflation heats up again
U.S. consumer spending increased more than expected in October as households bought motor vehicles and a range of other goods, showing no signs yet of holding back because of high Continue Reading
U.S. natgas rises to one-week high on cooler forecast
U.S. natural gas futures rose 2% to a one-week high on Wednesday on forecasts for slightly cooler weather and higher heating demand over the next two weeks than previously expected. Continue Reading
Logistics woes threaten ethanol supply needed for gasoline
Supply chain snags are threatening to hamper deliveries of ethanol needed for blending with gasoline ahead of the Thanksgiving weekend, according to ethanol traders and producers. Unlike crude oil and Continue Reading
Analysis: Biden’s oil reserves bet mixes China outreach with appeal to U.S. voters
President Joe Biden’s move to release oil from strategic reserves in coordination with top oil-consuming nations including China represents a unique bet that finding common ground with the United States’ Continue Reading
Shale Drillers Aren’t Heeding Biden’s Call for More Oil Supply
Shale explorers in the U.S. are showing no sign of accelerating the pace of deployment for drilling rigs, despite criticism from the Biden administration that they’re holding back on production Continue Reading
U.S. Recovery Accelerates on Spending, Labor Market Growth
The U.S. economy showed broad-based signs of acceleration heading into the end of the year, with consumers ramping up spending, businesses stepping up investment and jobless claims falling to historic lows. Continue Reading
As American Gasoline Prices Soar, Some Blame Ethanol
Ethanol prices have skyrocketed to their highest level in a decade, contributing to surging U.S. gasoline prices as oil refiners pay more for the biofuel they are required to blend Continue Reading
Key US inflation measure posts biggest jump since 1990s
A US inflation measure closely watched by the Federal Reserve posted its biggest year-on-year jump since the 1990s last month, adding to pressure on President Joe Biden as his White Continue Reading
Thanksgiving 2021: Americans weigh how to celebrate safely while covid cases rise – The Washington Post
Tens of millions of Americans are preparing to celebrate Thanksgiving this year, a major test for living with the coronavirus instead of avoiding it at all costs — as experts Continue Reading
Canada’s Drilling Activity Set To Exceed 2019 Levels Next Year
Strong pricing for natural gas and the highest oil prices since 2014 support the drilling recovery in Canada Next year, a total of 6,457 wells are expected to be drilled Continue Reading
Cheniere’s 6th liquefaction train at Sabine Pass terminal produces first LNG
Cheniere Energy Partners produced the first LNG at the sixth liquefaction train at the Sabine Pass terminal in Cameron Parish, Louisiana, one year ahead of the train’s previous completion schedule, Continue Reading
Baker Hughes: US rig count up 6 to 569
The US drilling rig count increased by 6 units to reach 569 rigs working for the week ended Nov. 24, according to Baker Hughes data. The count is up 249 Continue Reading
Trans Mountain targeting end-week crude pipeline restart
Trans Mountain is optimistic it can restart its 300,000-b/d crude oil pipeline, in some capacity, by the end of the week if all planning and work continues to progress and Continue Reading