Tribesmen living near the Gharraf oil field in Dhi Qar province shot a rocket-propelled grenade (RPG) and heavy machine gun bullets at police in anger over water shortages, as environmental Continue Reading
India’s refinery runs to rise by 370,000 b/d in 2022: Platts Analytics Refiners say it’s too early to alter throughput plans due to omicron State refiners seal multiple crude deals; Continue Reading
A combination of China’s policies to curb pollution in time for the Winter Olympics, its crackdown on illegal practices at independent refiners, and its zero-COVID policy with intermittent lockdowns are Continue Reading
China’s Economy Slows as Property Slump Deepens China is likely to set a floor for economic growth of 5% next year as it tries to balance a desire to rein Continue Reading
China and Qatar have signed another long-term LNG contract, with Qatar set to send 1 million tons per annum to China starting in 2024 As a key U.S. ally and Continue Reading
Surging gasoline demand may limit the success of the Biden Administration’s efforts to nudge pump prices much lower. The four-week average of U.S. gasoline demand rose to 9.14 million barrels Continue Reading
New York City authorities are set to decide today whether to ban natural gas connections for new buildings in a bid to reduce the city’s carbon footprint, the Associated Press Continue Reading
Highlights Production starts on $1.4 billion new project Peak rate of 30,000 b/d estimated Third in string of National Petroleum Reserve projects ConocoPhillips has started production at its GMT-2 oil Continue Reading
Oil prices have soared to seven-year highs as the global economy has recovered, and driven the U.S. retail gasoline cost to $3.42 a gallon, the highest in seven years. The Continue Reading
Coronavirus deaths in the United States surpassed 800,000 on Wednesday, according to a New York Times database, as the pandemic neared the end of a second year and as known virus cases in Continue Reading
A rumor has been circulating that the White House was considering an export ban on crude oil, but the administration has just shut it down. The Biden Administration is now Continue Reading
Onshore gas flaring in the U.S. has plummeted, falling to its lowest level since at least 2012. The most significant contributors to this steep decline were the Bakken and Permian Continue Reading
Coal-fired generation to drop 59 GW Plant owners and operators self-report retirement plans Most retiring units will have about 50 service years left Coal-fired power plants don’t have a mandatory Continue Reading
Progress Rail, a Caterpillar Company, BNSF Railway Company (BNSF), and Chevron USA, a subsidiary of Chevron Corporation, announced a memorandum of understanding to advance the demonstration of a locomotive powered Continue Reading
Winter has arrived for energy markets in Europe as fears of disruption from the military buildup on Russia’s border with Ukraine and falling temperatures catapult prices higher. Cold-weather forecasts launched Continue Reading
The EU is reconsidering its position on extending long-term natural gas contracts. Russia has maintained that the contracts are beneficial for Europe and moving away from them would be a Continue Reading
Russia is racing to secure new oil and gas deals and increase its production. Russia’s oil and gas reserves are becoming more difficult to access. The Kremlin is also looking Continue Reading
For the second time this year, the UK is slashing the grants available to buyers of electric vehicles (EVs) as it looks to curb spending and targets less expensive models. Continue Reading
The pace of Gazprom’s natural gas exports’ growth to Europe has slowed in recent months to just under five percent, according to data published by the Kremlin-backed gas giant yesterday. Continue Reading
The European Commission unveiled on Wednesday proposals to curb methane emissions and reduce leaks in the energy sector in the European Union (EU) as part of efforts to put the Continue Reading
Gas prices in Europe soared following Germany’s decision to not approve the Nord Stream 2 pipeline yet This means that the commissioning of the pipeline could be delayed until March Continue Reading
Royal Dutch Shell is aiming to produce liquefied natural gas with a bio-component for use in heavy vehicles within about two years. Trucks in Germany could soon be running on Continue Reading
Germany’s energy regulator has suspended the approval process for a major new pipeline bringing Russian gas into Europe, throwing up a new roadblock to the contentious project and driving up Continue Reading
Crude oil futures were lower in mid-morning trade in Asia Dec. 15, extending losses from the previous session, as concerns over an impending surge in COVID-19 cases from the omicron Continue Reading
Oil declined for a third day as further restrictions were imposed to counter the spread of the omicron Covid-19 variant while the outlook for demand in China dimmed as Beijing Continue Reading
Oil fell as the International Energy Agency said the global oil market has returned to surplus, while some countries tightened restrictions in an effort to tame the omicron variant’s spread. Continue Reading
This week, the American Petroleum Institute (API) estimated the inventory draw for crude oil to be 815,000 barrels. U.S. crude inventories have shed some 61 million barrels since the beginning Continue Reading
The world’s biggest automakers are planning to spend over a half a trillion dollars on electric vehicles and batteries over the next decade. Toyota, Nissan and Volkswagen are all recently Continue Reading
Supplies are rebounding around the world. Global oil markets have returned to surplus and face an even bigger oversupply early next year as the omicron variant impedes international travel, the Continue Reading
The omicron variant appears to cause less severe disease than previous versions of the coronavirus, and the Pfizer vaccine seems to offer less defense against infection from it but still Continue Reading
The first large real-world study of how vaccines hold up against Omicron found that two shots of Pfizer Inc. and BioNTech SE’s Covid-19 vaccine lowered the risk of hospital admission by 70% for patients infected with the Continue Reading
Pfizer-BioNTech’s COVID-19 vaccine has been less effective in South Africa at keeping people infected with the virus out of hospital since the Omicron variant emerged last month, a real-world study Continue Reading
The ice shelf was cracking up. Surveys showed warm ocean water eroding its underbelly. Satellite imagery revealed long, parallel fissures in the frozen expanse, like scratches from some clawed monster. Continue Reading
THE IMMENSE AND FORBIDDING Southern Ocean is famous for howling gales and devilish swells that have tested mariners for centuries. But its true strength lies beneath the waves. The ocean’s dominant Continue Reading
U.S. natural gas prices have fallen some 40% since Mid-October Bullish traders got obliterated last month in what’s known as the widowmaker trade Meteorologists now say the narrative is flipping Continue Reading
While the IEA believes Omicron will dent global oil demand, OPEC remains confident that demand will continue to bounce back strongly from its pandemic lows. Chart of the Week – Continue Reading
Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Iran said it won’t allow United Nations nuclear inspectors to access a centrifuge workshop Continue Reading
Saudi Arabia and the UAE are leading the charge for hydrogen in the Middle East. With both countries making announcement after announcement of new hydrogen projects, it’s clear that they Continue Reading
Saudi Arabia’s energy minister warned traders against shorting oil prices. Saudi Arabia’s energy minister warned traders against shorting oil, saying OPEC+ could react quickly to any fall in prices. OPEC+, Continue Reading
Saudi minister says FDI up 33% in first six months of 2021 Investment remains below earlier targets Riyadh raises stakes with more ambitious investment goals Lack of major FDI announcements Continue Reading
Mexico could further ease the fiscal burden on its state oil firm Pemex, the world’s most indebted oil company, as the government looks to stop years of production declines. “With Continue Reading
Toyota said it will pour $35bn into a shift towards electric vehicles as the world’s biggest carmaker sets itself up for direct rivalry with Tesla and joins other groups in Continue Reading
Executive Summary Absent any additional policies, our analysis in this alternative International Energy Outlook 2021 (IEO2021) case indicates that an increase in wages in China does not lead to a Continue Reading
Highlights Refining margins remain high ZPC raises throughput on the back of sufficient quotas Feedstock inventories fall for second month in a row China’s independent refiners in Shandong province lifted Continue Reading
In a media briefing in Tokyo, Toyota Motor president Akio Toyoda said that Toyota Motor will roll out 30 battery EV models by 2030, globally offering a full lineup of Continue Reading
China’s economy took a knock last month from an ongoing property market slump and sporadic Covid outbreaks, prompting economists to warn that recent easing measures may not be enough to Continue Reading
Toyota Motor (7203.T) will make another major strategic shift in the coming months. The $250 billion Japanese carmaker in December dramatically increased its electric-vehicle ambitions. But the company run by Continue Reading
Unusual for Asian spot LNG prices to fall below Europe in peak winter Asian importers well-supplied with high gas inventories, normal weather Europe gas prices volatile due to Nord Stream Continue Reading
Highlights January-November throughput up 5% to 14.2 million b/d Throughput in 2022 to rise 512,000 b/d: Platts Analytics November crude output gains 2.7% on year to 3.99 mil b/d Chinese Continue Reading
Motiva Enterprises (MOTIV.UL) on Monday restarted the second-largest crude distillation unit (CDU) and small coker at its 607,000-barrel-per-day Port Arthur, Texas, refinery, said sources familiar with plant operations. A Motiva Continue Reading
