More than 100 million Americans are forecast to hit the road this holiday season, nearing pre-pandemic levels even as gasoline prices at the pump remain close to seven-year highs. The Continue Reading
Prices that suppliers are charging businesses and other customers leapt in November, signaling that broad-based price pressures are still building throughout the U.S. supply chain. The Labor Department said Tuesday Continue Reading
Pfizer’s oral Covid treatment, Paxlovid, being produced in a laboratory in Freiburg, Germany. It includes a new pill, nirmatrelvir, as well as an existing medicine, ritonavir, that helps it remain Continue Reading
Top federal health officials warned in a briefing Tuesday morning that the omicron variant is rapidly spreading in the United States and could peak in a massive wave of infections Continue Reading
The shale boom has been criticized for years due to its water-intensive fracturing technique. The risk of aquifer contamination may be overblown, but fracking’s water usage, especially in arid environments, Continue Reading
The U.S. solar industry is set to be torn between huge opportunities and major stumbling blocks in the coming months and years, and it will likely see a wild “solar Continue Reading
Res-comm below 36 Bcf/d in December, lowest since 2015 NYMEX prompt under $4, down 22% from late November Storage deficit at 90 Bcf, down from 235 Bcf in September US Continue Reading
Savion operates more than130 projects across US Purchase dips into Shell’s renewable fund In pursuit of achieving net-zero emissions by 2050, Shell plans to expand its global solar portfolio with Continue Reading
Below normal temperatures spur strong demand Lower shipping costs benefit market fundamentals Strong buying in end-user markets and lower shipping costs helped lift US Gulf Coast FOB export cargo values Continue Reading
As it moves closer to commercialization of its hydrogen-electric technology, ZeroAvia ( earlier post ) has secured a new raise of $35 million to help develop its 2-5MW zero-emission powertrain Continue Reading
Climate provisions in President Joe Biden’s tax-and-spending plan are critical to fulfilling his pledge to halve U.S. greenhouse gas emissions by 2030 but are far from enough, according to a Continue Reading
High decline rates, and a falling number of DUCs could incentivize drillers to ramp up drilling in the first half of 2022 Land drillers have lagged the rest of the Continue Reading
Honda Research Institute USA is conducting a pilot program in Ohio to evaluate a system that uses GPS coordinates and sensors such as cameras to collect real-time road condition information Continue Reading
As demand for commercial electric vehicles continues to grow across the United States and around the world, Proterra announced plans to open a new EV battery system manufacturing plant in Continue Reading
Last month, the Biden administration held the largest-ever auction of oil and gas drilling leases in the Gulf of Mexico’s history, claiming it was obligated to hold the sale due Continue Reading
The Netherlands will extend COVID-19 restrictions through the Christmas holidays, including the early closure of schools, Dutch Prime Minister Mark Rutte said on Tuesday. The rapid spread of the Omicron Continue Reading
Almost 100 Conservative lawmakers voted on Tuesday against new coronavirus restrictions, dealing a major blow to British Prime Minister Boris Johnson’s authority and raising questions about his leadership. After a Continue Reading
European natural gas has never been more expensive relative to U.S. supplies amid a spiraling Old World energy crisis as winter descends across the northern hemisphere. Benchmark Dutch gas futures Continue Reading
Sembcorp Energy UK has announced plans to build Europe’s largest battery in Teeside to boost its portfolio and strengthen the UK’s renewable infrastructure as the country pushes to reach net-zero Continue Reading
Highlights Market responding to high prices, ensuring continued supply UK gas prices currently highest among Europe’s traded hubs UK less reliant on storage to guarantee supply security The UK government Continue Reading
U.K. inflation surged to its highest level in more than a decade in November, exceeding 5% months before the Bank of England had expected. Increases in the price of clothing, Continue Reading
European Commission President Ursula von der Leyen arrives for a meeting of the College of Commissioners, in Strasbourg, France, Tuesday, Dec. 14 2021. The College will discuss on a comprehensive Continue Reading
In the valley alongside Germany’s Black Forest lies a potential solution to one of the most vexing issues facing Europe’s transition to sustainable transport. Some two miles underground is enough Continue Reading
Russian gas giant Gazprom said Dec. 14 its gas supply to China via the Power of Siberia pipeline continue to be above contract levels, and it plans further increases to Continue Reading
Crude oil futures declined in mid-morning trade in Asia Dec. 14, as recent reports showing a growing impact from the COVID-19 omicron variant threat overshadowed a bullish outlook from OPEC’s Continue Reading
Global oil markets have returned to surplus and face an even bigger oversupply early next year as the omicron variant impedes international travel, the International Energy Agency said. Supplies are Continue Reading
Oil gained as continuing uncertainty over the omicron virus variant’s impact on demand was countered by an increase in OPEC’s demand forecast for next quarter. Brent crude climbed toward $75 Continue Reading
Oil slipped in New York as traders weighed the risks from the omicron variant and OPEC boosted its forecast for global crude demand. West Texas Intermediate closed down 0.5% on Continue Reading
Oil and gas companies have well and truly recovered from what was a crisis year in 2020, with some companies now posting record cash flow In 2022, the main focus Continue Reading
The Omicron variant’s emergence will allow the supply of oil to overtake the rate at which the world is consuming it, easing the supply tightness of recent months, the International Continue Reading
Oil and gas supply will grow faster in 2022 than it did in 2021 to the point of catching up and even surpassing energy demand growth, S&P Global Platts Analytics Continue Reading
Two-dose COVID-19 vaccine regimens do not induce enough neutralising antibodies against the Omicron coronavirus variant , British scientists found, indicating that increased infections in those previously infected or vaccinated may Continue Reading
Spend any time discussing climate policy and you’re sure to discover the “degrowth” movement. Its vocal proponents are hard to miss, online and off. Its core tenets might be harder Continue Reading
Few things signal something’s gone haywire on the planet quite like frozen land on fire. Now scientists have determined that Arctic fires, even milder ones, can reshape a landscape for Continue Reading
Thwaites is so wide, it goes to the horizon in all directions Scientists are warning of dramatic changes at one of the biggest glaciers in Antarctica, potentially within the next Continue Reading
Scientists have discovered a series of worrying weaknesses in the ice shelf holding back one of Antarctica’s most dangerous glaciers, suggesting that this important buttress against sea level rise could shatter Continue Reading
Raises first-quarter 2022 demand forecast by 1.11 mbpd Sees demand at 100 mbpd in Q3 2022, as previously forecast OPEC November output rises 220,000 bpd No further U.S. shale growth Continue Reading
The impact of the Omicron COVID variant on global oil demand will be mild and short-lived, OPEC said on Monday, leaving its 2021 and 2022 demand growth forecasts unchanged. In Continue Reading
OPEC raised its crude oil production by 285,000 barrels per day (bpd) to 27.72 million bpd in November as it continues to ease the cuts per the OPEC+ deal, but Continue Reading
The National Iranian Oil Company (NIOC) will change from January 1 the benchmark against which it prices its crude for Europe and the Mediterranean—a move which traders tell Argus could Continue Reading
Saudi Arabia expects to book its first budget surplus in close to ten years in the next financial year, coming in at 2.5 percent of gross domestic product or $24 Continue Reading
Saudi Arabia said global oil production could drop 30% by the end of the decade due to falling investment in fossil fuels. “We’re heading toward a phase that could be Continue Reading
The stated U.S. aim when indirect U.S.-Iranian talks resume this month is to see if the two can revive a 2015 nuclear deal, but Washington’s unspoken goal may be to Continue Reading
Israel asked the Biden administration last week to speed up the delivery of refueling tankers that could prove critical to striking Iran’s nuclear facilities, but it was told that the Continue Reading
There’s No Evidence That Omicron Is Less Deadly, U.K. Virologist Says Leading scientists cautioned that the level of immunity against the coronavirus among South Africa’s population due to earlier infections Continue Reading
Nigeria has regained its top position among crude oil producing countries in Africa with crude oil production averaging 1.27 million barrels per day in November, according to the latest monthly Continue Reading
India’s wholesale inflation quickened to the fastest pace in three decades on input costs fueled by high commodity prices and supply constraints. Wholesale prices rose 14.2% in November from a Continue Reading
Russia last week announced a major new energy cooperation deal with India that threatens the very core of the U.S.’s fightback strategy against Beijing’s and Moscow’s expansionism in the Middle Continue Reading
Chinese companies spent 10 years aggressively maneuvering to become the dominant players in solar power. Now they’re seeking to lead the way in developing the next big thing in clean Continue Reading
The White House unveiled Dec. 13 a plan to increase access to electric vehicle charging infrastructure as part of President Joe Biden’s goal for electric vehicles to account for half Continue Reading
