A growing pool of global death statistics indicates that few countries are accurately capturing fatalities from the new coronavirus—and in some the shortfall is significant. In the U.S., Russia, the Continue Reading
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View full article at www.bloomberg.com
President Trump displays a signed memorandum after delivering a statement on the Iran nuclear deal on May 8, 2018. (Evan Vucci/AP) The Trump administration is ending sanctions waivers that allow Continue Reading
With Rosneft having effectively taken control of Kurdistan’s oil and gas sector in northern Iraq through the deal done in November 2017, Russia had been looking to leverage this presence Continue Reading
Highlights Federal Iraq rigs down to 31 from 76 in December Iraq ordered IOCs to cut budgets by 30% KRG sending delegation to Baghdad for budget talks Amman, Jordan — Continue Reading
Vishal Bhatnagar/Agence France-Presse — Getty Images NEW DELHI — Magan Doodi, a groundskeeper at a golf course in Jaipur, was making his rounds earlier this week when he saw the Continue Reading
Petrobras plans to issue one or more series of global bonds in the U.S. market, subject to market conditions, Brazil’s state-held oil firm said on Wednesday, without specifying amounts. Petrobras Continue Reading
Highlights Storage limitations, lack of light crude for diluent Petrolera Sinovensa, Petropiar, Pemonagas cut production of diluted crudes Light crude diverted to El Palito refinery for gasoline production Caracas — Continue Reading
CARACAS/WASHINGTON – Four years ago, a bit player in the Venezuelan leadership was arrested in Colombia and extradited to the United States to face drug charges. He proved to be Continue Reading
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View full article at www.bloomberg.com
Lam Yik Fei for The New York Times BEIJING — China officially has the broad power to quash unrest in Hong Kong, as the country’s legislature on Thursday nearly unanimously Continue Reading
Highlights Gradual gasoline demand recovery seen Gasoil demand at 10-year low in May A refiner notes potential for gasoline imports Tokyo — Japan’s estimated gasoline demand in May fell to Continue Reading
WASHINGTON (Reuters) – A group of 23 U.S. states and the District of Columbia filed a lawsuit on Wednesday challenging a Trump administration decision to weaken Obama-era fuel efficiency standards. Continue Reading
Chevron Corp has plans to cut between 10 percent and 15 percent of its workforce as crude oil prices remain stubbornly low amid the coronavirus pandemic and oversupply. With oil Continue Reading
Highlights Producers could cite COVID-19 health risks for offshore drilling delays Royal Dutch Shell evacuating Gulf workers with coronavirus Global crude oversupply about 15 million b/d in Q2 Houston — Continue Reading
Highlights New technologies needed to meet net-zero target 100% reliance on sun, wind not yet practical: CEO New York — Southern Company formally revamped its carbon-reduction strategy to target net-zero Continue Reading
New York — US refinery margins gained traction last week, led by rising gasoline and diesel demand as regions reopened from coronavirus lockdowns – and just in time to refine Continue Reading
Crude oil production in Texas dropped year on year in March, according to the Railroad Commission of Texas’ (RRC) latest figures. The preliminary reported total volume of crude oil production Continue Reading
(Reuters) – American Airlines Group Inc must reduce its management and support staff by about 30% and may have to cut frontline employees as it downsizes due to the coronavirus Continue Reading
Total U.S. unemployment claims are expected to surpass 40 million. Forecasters expect the weekly Labor Department report on unemployment claims on Thursday morning to show another 2.1 million filings last Continue Reading
US shale drillers may still take at least a year before moving rigs back into the field. (Bloomberg) — Even if the economy continues to recover and a second wave Continue Reading
SHARE THIS ARTICLE Share Tweet Post Email Workers from Sud Energies Renovables SL install solar panels onto the roof of a residential property in Sant Vicenc de Torello, Spain on Continue Reading
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View full article at www.bloomberg.com
View full article at www.bloomberg.com
Grave diggers bury a covid-19 victim outside Moscow on May 26, 2020. (Pavel Golovkin/AP) MOSCOW — It was mid-March, and Russia had reported just 114 covid-19 cases, but President Vladimir Continue Reading
Unquestionably the current global health situation is going to cause a severe economic crisis not seen since the Great Depression. This is already apparent in the dramatic decrease in demand Continue Reading
The government of Ukraine, which is keen to wean itself off Russian energy supplies, approved on Wednesday a plan to import liquefied natural gas (LNG) from the United States, Reuters Continue Reading
The United States is currently considering additional sanctions on the Russia-led gas pipeline project Nord Stream 2 which is planned to bring Russian gas to Germany via the Baltic Sea, Continue Reading
BERLIN (Reuters) – The German economy is likely to shrink by 6.6% this year as a consequence of the coronavirus pandemic before growing by 10.2% in 2021, the Ifo Institute Continue Reading
View full article at www.bloomberg.com
View full article at www.bloomberg.com
When the US imposed sanctions in December banning external contractors from working on Russia’s Nord Stream 2 gas pipeline to Germany, Washington hoped it had finally killed the controversial project Continue Reading
Highlights North Sea workforce reductions impact output Reduced summer maintenance to support near-term recovery Q1 exports fell as UK refiners scooped up cheap crude London — UK oil production slumped Continue Reading
Highlights Wants a hydrogen market with strong price signals Looking at public funding options for green hydrogen Mulling new EU rules to help drive massive scale-up Brussels — The European Continue Reading
Hydrogen researchers at Graz University of Technology (Austria), together with the Graz-based start-up Rouge H2 Engineering , have developed a cost-effective process for the decentralized production of high-purity hydrogen using Continue Reading
Oil declined from the highest settlement in 11 weeks on signs Russia was planning to start easing supply cuts from July, while tensions between the U.S. and China escalated amid Continue Reading
Oil prices rose early on Tuesday as market participants believed that improving demand and more supply coming off would ease the glut faster than expected. As of 10:37 a.m. EDT Continue Reading
The latest Global Energy Alert report on ‘How To Profit From The Oil Market Crash’ is an absolute must-read for everyone from crude oil traders to energy investors. Sign up Continue Reading
Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers displaying signs of confidence that the market is stabilizing. Nigeria and Algeria — both members of Continue Reading
Singapore’s 2020 bunker fuel sales likely to stay steady Despite Ocean Bunkering’s interim absence, Singapore bunker suppliers able to meet demand Transition to IMO 2020 rule smooth as PSC’s ratcheted Continue Reading
Rates of climate change in the world’s ocean depths could be seven times higher than current levels by the second half of this century even if emissions of greenhouse gases Continue Reading
Senior U.S. military officials said Russia has sent jet fighters to Libya to support Russian mercenaries fighting there on behalf of Khalifa Haftar, a militia leader based in the eastern Continue Reading
The Pentagon accused Moscow on Tuesday of dispatching fighter jets to Libya to bolster Kremlin-linked mercenaries helping an eastern warlord, a move that would represent a significant expansion of Russia’s Continue Reading
Indian authorities are helping farmers mount a pesticide spraying campaign to fight the swarms of desert locusts which have already devastated crops across Pakistan and East Africa. As many as 700 tractors, 75 fire Continue Reading
The flight attendants are wearing full protective gear, and some passengers face quarantines at their destinations. But for the first time in months, India’s skies are open. The resumption of Continue Reading
In mid-March, Brazil took what seemed to be a forceful early strike against the coronavirus pandemic. The Health Ministry mandated that cruises be canceled. It advised local authorities to scrap Continue Reading
Venezuela’s state-run oil company Petroleos de Venezuela [PDVSA.UL] has cut crude production at several locations and its main crude blending plant has been operating intermittently this month due to mounting Continue Reading
