People wearing face masks following the coronavirus disease (COVID-19) outbreak walk on a street in Shanghai, China, December 14, 2021. REUTERS/Aly Song SHANGHAI, Dec 14 (Reuters) – Multiple companies have Continue Reading
Less than a week after Evergrande and Kaisa. defaulted the markets have another property developer to worry about. Stephen Engle reports. Chinese property stocks plunged for a third day, heading Continue Reading
South Korea on Tuesday marked its deadliest day of the pandemic as an unrelenting, delta-driven spread stretched thin hospitals and left people dying while waiting for beds. Health experts warn Continue Reading
A proposed skyscraper in Shenzhen would grow food along the border of each of its 51 floors. A proposed Shenzhen skyscraper would include a 51-story hydroponic farm, as hopes grow Continue Reading
China punished and demoted 10 officials in the southern city of Guangzhou after thousands of banyan trees were cut down or uprooted by the local government, prompting a rare personal Continue Reading
Toyota Motor Corp. TM -3.42% on Tuesday stepped up its commitment to battery electric vehicles, saying it would have 30 EV models available by 2030 and aimed to sell 3.5 Continue Reading
The Omicron coronavirus variant has appeared for the first time in China, according to health authorities, piling pressure on officials already contending with an outbreak in one of the country’s Continue Reading
Crude production in the Permian Basin is expected to surpass a pre-pandemic high this month as a rebound in the U.S. shale industry fuels activity in its most prolific patch. Continue Reading
The Biden administration released an ambitious federal strategy Monday to build 500,000 charging stations for electric vehicles across the country and bring down the cost of electric cars with the Continue Reading
Investor group Follow This plans to file climate resolutions with Exxon Mobil Corp. and Marathon Petroleum Corp. for the first time, following up on shareholder support at other U.S. companies Continue Reading
As the coronavirus pandemic approaches the end of a second year, the United States stands on the cusp of surpassing 800,000 deaths from the virus, and no group has suffered more than Continue Reading
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California will impose a statewide mask mandate in all indoor public spaces as COVID-19 case rates soar, the state’s senior government health official said on Monday as precautions ramp up Continue Reading
Exxon Mobil (XOM.N) on Monday launched a sale of its oil and gas properties in the first major U.S. shale field, a spokesperson confirmed, as part of a portfolio reshuffling Continue Reading
A satellite spotted two plumes of planet-warming methane rising from a patch of East Texas that’s home to multiple oil and gas operations. State regulators said they couldn’t identify the Continue Reading
Permian makes up 74% of increase Eagle Ford is 14% of climb, Bakken 8% Mounting output due to rising rig counts US unconventional oil output is poised to rise by Continue Reading
Highlights Triggers for recent price shock to also feature longer term Weather, LNG supply key winter factors for European gas market Demand increasingly ‘unpredictable’ due to climate change The current Continue Reading
The current record of 4.91 million barrels a day was set in March 2020. Crude production in the Permian Basin is expected to surpass a pre-pandemic high this month as Continue Reading
Gas is unlikely to flow through the Nord Stream 2 pipeline if Russia renews its aggression against Ukraine, U.S. Secretary of State Antony Blinken said on Sunday. “That pipeline … Continue Reading
U.K. trade in goods took a 12.6 billion pound ($16.7 billion) hit from Brexit in October as imports and exports fell behind equivalent countries. The Center of European Reform said Continue Reading
European gas futures surged 11 percent on Monday after German foreign minister Annalena Baerbock said the Nord Stream 2 pipeline could not be permitted in its current form because it Continue Reading
A combination of Russia’s inactive Nord Stream 2 pipeline and cooler weather forecast through the end of December sparked a rally in European natural gas futures. German power prices surged Continue Reading
The leaders of the European Union member states are expected to discuss this week a new system to jointly buy natural gas in order to create strategic reserves to protect Continue Reading
Germany will freeze the Nord Stream 2 gas pipeline in case of any “escalation” between Russia and Ukraine, the new German foreign minister said, citing an agreement between her country Continue Reading
Britain finds itself facing the risk of rising electricity bills and blackouts as winter looms. Want the lowdown on European markets? In your inbox before the open, every day. Sign Continue Reading
Russia has vetoed the passage of a United Nations Security Council resolution that for the first time would have treated climate change as a threat to peace, even as many Continue Reading
Oil extended gains — after its biggest weekly advance since late August — on more signs that omicron won’t be as bad as initially feared and predictions that China will Continue Reading
The Covid years are littered with predictions that didn’t work out. For anyone looking ahead into 2022, that should be enough to give pause. Most forecasters, including Bloomberg Economics, have Continue Reading
French Foreign Minister Jean-Yves Le Drian and German Foreign Minister Annalena Baerbock arrive for a family photo at the Museum of Liverpool during the G7 summit of foreign and development Continue Reading
Israeli researchers said on Saturday they found that a three-shot course of the Pfizer/BioNTech (PFE.N) , (22UAy.DE) COVID-19 vaccine provided significant protection against the new Omicron variant. The findings were Continue Reading
1 of 2 In this satellite photo by Planet Labs Inc., a support vehicle stands parked alongside a massive white gantry that typically houses a rocket on the launch pad Continue Reading
Iraq’s semi-autonomous Kurdistan Regional Government (KRG) has run up nearly $5 billion worth of debt to power producers — a major factor complicating efforts to improve electricity service and attract Continue Reading
Highlights 2022 revenues forecast at $279 billion, up 12% on year Al-Rajhi Capital calculates fiscal breakeven price of $65/b Kingdom says it seeks to gradually boost crude production Saudi Arabia Continue Reading
Highlights Neutral Zone could be needed source of incremental supply Wafra, Khafji fields face technical challenges due to shutdown 2021 exports have ranged from 158,000 to 257,000 b/d: Kpler Saudi Continue Reading
More than a dozen Chinese-listed companies said they had suspended production in coronavirus-hit parts of China’s eastern Zhejiang province in response to local government’s tightened COVID-19 curbs, causing their share Continue Reading
Meteorologists say the storms are just the beginning of an “atmospheric river” that will bring more intense rainfall and heavy snow in the Sierras. A significant storm ramped up Sunday Continue Reading
U.S. energy companies are pressing states to speed the development of low-carbon fuel markets, warning that numerous proposed projects to make renewable natural gas and other biofuels may fizzle. State Continue Reading
Nearly two-thirds of US companies are planning to require at least some of their workers to get vaccinated against Covid-19 regardless of whether they are legally bound to do so, Continue Reading
Did QuantumScape Just Solve a 40-Year-Old Battery Problem? Earlier this year, the startup claimed to have a revolutionary solid-state lithium-ion cell that could change EVs forever. Now it has data Continue Reading
Tens of thousands of people rallied in Vienna on Saturday in protest against restrictions introduced to halt the spread of coronavirus in Austria, including mandatory COVID-19 vaccines and home confinement Continue Reading
Britain faces a “tidal wave” of the Omicron variant of coronavirus and two vaccine doses will not be enough to contain it, Prime Minister Boris Johnson warned on Sunday, as Continue Reading
Russia faces massive consequences and severe costs if President Vladimir Putin attacks Ukraine, the Group of Seven warned in a statement on Sunday. U.S. intelligence assesses that Russia could be Continue Reading
Britain said on Monday that the Omicron variant of coronavirus was spreading at a “phenomenal rate” and accounted for about 40% of all infections in London so people should get Continue Reading
German carmakers have criticized US president Joe Biden’s plans to offer bigger subsidies to buyers of American electric vehicles from unionized manufacturers than to those purchasing imported models or those Continue Reading
The Group of Seven leading industrial democracies warned Russia on Sunday of “massive consequences” and “severe cost” if it launches an attack on Ukraine, a day before President Biden’s top Continue Reading
Crude had the strongest week since August on fading omicron fears. Oil set its biggest weekly gain in more than three months as the worst fears over the new virus Continue Reading
Oil prices were on track for their biggest weekly gain since late August, with market sentiment buoyed by easing concerns over the Omicron coronavirus variant’s impact on global economic growth Continue Reading
Oil set its biggest weekly gain in more than three months as the worst fears over the new virus strain have receded. West Texas Intermediate futures climbed 8.2% this week. Continue Reading
Long-running differences over how to deal with Iran’s nuclear program have erupted into new tensions between the Biden administration and Israel, with two senior Israeli officials leaving Washington this week Continue Reading
The OPEC+ alliance of oil producers will continue to restore supply to meet growing demand, Russia’s Deputy Prime Minister Alexander Novak said on Friday. Volatility on the oil market is Continue Reading
