Exxon Mobil Corp outlined a major new investment in Guyana amid government calls for delivering economic benefits to residents from deepwater oil and gas discoveries helping turn the South American Continue Reading
A senior U.S. diplomat quietly traveled to Venezuela this week and met with imprisoned Americans in an ongoing effort to secure release of the men the Biden administration believes are Continue Reading
Highlights Sales hit record high of 450,000 units in Nov Market share shoots to 17.8% of total vehicle sales China’s new energy vehicle sales reached an all-time high of 450,000 Continue Reading
A former Chinese finance minister criticized the country’s statistics for not properly reporting negative economic changes, with the rare harsh public statement from a senior figure highlighting long-standing concerns about Continue Reading
U.S. consumer prices rose solidly in November as Americans paid more for food and a range goods, leading to the largest annual gain since 1982, posing a political nightmare for Continue Reading
The Biden administration has ordered U.S. government agencies to immediately stop financing carbon-intensive fossil fuel projects overseas and prioritize international collaborations to deploy clean energy technology, according to U.S. diplomatic Continue Reading
U.S. drillers this week added oil and natural gas rigs for the sixth time in seven weeks as demand for energy keeps growing after last year’s coronavirus demand destruction. That Continue Reading
General Motors Co. GM 6.02% plans to invest more than $3 billion to make electric vehicles in Michigan, people familiar with the matter said, a potential win for the car maker’s home state after Continue Reading
As we close in on the official start of winter Dec. 21, there’s little cold to be found across the Lower 48. The first of two surges of warmth has Continue Reading
Highlights Would limit government involvement in carbon-intensive projects Stakeholders await details on how exemptions will apply Following through on President Biden’s January executive order calling for the US to develop Continue Reading
Highlights Year-on-year coal shipments jump 24.4% FOB Hampton Roads coal price averages all-time high A 20-month high 2.83 million st of coal was exported from the terminals in the Hampton Continue Reading
The U.S. Department of Energy said on Friday it will sell 18 million barrels of crude oil from its strategic petroleum reserve (SPR) on Dec. 17, as part of a Continue Reading
Some 50 people are “likely” to have been killed in a devastating outbreak of tornadoes that ripped through Kentucky and other U.S. states late Friday and early Saturday, the Washington Continue Reading
University of Kentucky undergraduate Jonathan Little is among the legions of students around the world that the mining industry cannot afford to lose, but already has. Little, 20, considered a Continue Reading
The first oil from President Joe Biden’s release from the country’s emergency crude reserves is being granted to Exxon Mobil Corp . The company will receive 4.8 million barrels of Continue Reading
The California Air Resources Board approved a measure that will require most newly manufactured small off-road engines (SORE) such as those found in leaf blowers, lawn mowers and other equipment Continue Reading
Royal Dutch Shell PLC (RDSa.L) shareholders are expected to vote on Friday to approve a plan to end the company’s dual share structure and move its headquarters to London from Continue Reading
Norway’s power production surplus is expected to fall significantly by 2026, with the south of the country moving into deficit owing to rapidly increasing demand, power grid operator Statnett said Continue Reading
Belarusian oil company Belorusneft has canceled its 2022 export plans to Germany via the Druzhba pipeline following new European Union sanctions on the company, three traders familiar with the matter Continue Reading
UK LNG regasification rates came close to moving into three figures Dec. 10 as UK gas demand has continued above seasonal norms on the back of cold temperatures as well 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 fell with equities and other risk assets as the Covid-19 omicron variant’s rapid spread revived concern about more government restrictions and the potential hit to fuel demand. Futures in Continue Reading
A loss of momentum in oil markets has prompted investors and traders to dial down bets on how fast inflation will run in the coming years. After rising for much Continue Reading
OPEC+ Pause or Cut Possible Next Month, Says Oil Analyst Sen Oil fell with equities and other risk assets as the Covid-19 omicron variant’s rapid spread revived concern about more Continue Reading
Electric passenger vehicle sales are on a tear. In the first quarter of 2010, 395 EVs were sold worldwide. Last quarter, more than 1.7 million were sold — of those, Continue Reading
A sea change is happening in the world of work. In fact, it’s a sea, air and wildlife change. A growing number of young people are zeroing-in on climate-related work, Continue Reading
Deforestation is a global and accelerating threat. But new research shows that tropical forests can recover naturally and remarkably quickly on abandoned lands. The study, published Thursday in the journal Science, found that under low-intensity Continue Reading
The gamble taken by OPEC and its allies, under pressure from top oil consumer the United States, to raise oil output in January despite its own forecasts of oversupply, appears Continue Reading
It will take a few days to judge whether Iran is showing flexibility in talks about Tehran and Washington resuming compliance with the 2015 Iranian nuclear deal, U.S. State Department Continue Reading
Highlights Federal exports jump, KRG flows stable Production just above Nov quota of 4.193 million b/d Stock build reported as domestic demand dips Iraqi crude oil production, including flows from Continue Reading
World powers will assess over the next few days whether Iran is serious in nuclear negotiations after it indicated it was ready to continue talks on the basis of texts Continue Reading
Venezuelan President Nicolas Maduro plans to replace Oil Minister Tareck El Aissami – a key ruling party official who also serves Venezuela’s OPEC representative and board member of the state Continue Reading
Fitch Ratings said China Evergrande Group EGRNF -5.70% and a second big property developer, Kaisa Group Holdings Ltd. 1638 1.10% , had defaulted after missing U.S. dollar bond payments. Kaisa, which in 2015 became one of the first Chinese Continue Reading
Highlights Daily coal truck hauls fell below 100 Supply tightness not expected amid soft demand Coal trucks hauled from Mongolia through Inner Mongolia’s Ganqimaodu border port have nose-dived after fresh Continue Reading
Sinopec Corp has set up a new subsidiary in Xiong’an, near Beijing, to specialize in the hydrogen fuel business, China’s second-largest oil and gas company said on Friday. Sinopec Xiong’an Continue Reading
New coronavirus infections in South Korea have been rising and breaking records daily. There were long lines at testing stations after they exceeded 7,000 for the first time on Wednesday Continue Reading
Australia’s accelerating energy transition will see half of all homes installed with rooftop solar in the early 2030s, helping to spur a faster exit from coal-fired power generation, according to Continue Reading
The price of the batteries that power electric vehicles has fallen by about 90 percent since 2010, a continuing trend that will soon make EVs less expensive than gasoline vehicles. Continue Reading
The Biden administration is not considering reinstating a ban on U.S. oil exports as a tool to control gasoline prices, according to a person familiar with the administration’s thinking. Subscribe Continue Reading
U.S. Jobless Claims Decline to Lowest Level Since 1969 Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast . Applications for U.S. state Continue Reading
The U.S. is expanding COVID-19 boosters, ruling that 16- and 17-year-olds can get a third dose of Pfizer’s vaccine. The U.S. and many other nations already were urging adults to Continue Reading
Several moisture-rich storms are to bring significant precipitation to the West in a gradual step toward easing historic drought conditions. Heavy rain could nourish parched soils, and feet of snowfall Continue Reading
U.S. gasoline prices are finally falling after the major correction in international crude oil prices Gasoline prices in America are still much higher than at this time last year For Continue Reading
Highlights Eagle Ford has biggest change: up 3 rigs to 53 Few to no moves in most basins Platts Analytics sees rig count rise into 2023 The US oil and Continue Reading
Highlights Analysts see restrictions as a remote but increasing risk Some Democrats also pushing for LNG export limits Urging the White House to end consideration of a US crude export Continue Reading
Calcasieu Pass has 18 liquefaction trains with a combined peak capacity of 1.6 bcfd. US liquefied natural gas (LNG) export capacity has grown rapidly since the Lower 48 states first Continue Reading
BP’s massive Argos platform has arrived at its final location in the U.S. Gulf of Mexico following a journey from a yard in Texas. BP’s massive Argos platform has arrived Continue Reading
As global leaders struggle to tackle the climate crisis, and as ordinary people worldwide are increasingly whiplashed by high fuel costs, the US government is promising policymakers, industrialists, and investors Continue Reading
U.S. inflation likely reached a nearly four-decade high in November, as strong consumer demand collided with pandemic-related supply constraints. Economists surveyed by The Wall Street Journal estimate the Labor Department Continue Reading
The backup of container ships waiting to enter the nation’s busiest port complex isn’t letting up. But it has moved farther from shore. Only about 30 vessels sat within sight Continue Reading
