Japan bans entry of foreign visitors as omicron spreads
1 of 15 A flight crew walk through the terminal at Sydney Airport, Monday, Nov. 29, 2021. Authorities in Australia said Sunday, Nov. 28, 2021, that two travelers who arrived Continue Reading
Nissan to Spend $17.6 Billion on Battery-Powered Vehicles Over Five Years – WSJ
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CHINA DATA: State-owned refiners raise Nov run rates to 83% on demand boost
Highlights Sinopec raises utilization rate despite maintenance Independents’ run rates boosted by good margins December run rates likely stable In line with market expectations, the average utilization rate at China’s Continue Reading
Honda unveils two key future safety technologies toward the realization of its goal for zero traffic collision fatalities by 2050
Honda Motor recently unveiled its work on two key advanced future safety technologies being developed with the goal of realizing “zero traffic collision fatalities involving Honda motorcycles and automobiles globally Continue Reading
China study warns of ‘colossal’ COVID outbreak if it opens up like U.S., France
A security guard blocks an exit as he directs people to scan a QR code to track their health status at Shanghai Hongqiao Railway Station, following new cases of the Continue Reading
Hertz-Tesla Deal Signals Broad Shift to EVs for Rental-Car Companies – WSJ
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Biden’s Blunder Could Send Oil Prices To $100
Oil prices may have crashed below $70 on Friday due to renewed Covid fears, but if those fears prove to be unfounded then oil prices could soar President Biden’s efforts Continue Reading
The Electric Vehicle Charging Market Could Be Worth As Much As $1.6 Trillion
Electric vehicle sales have soared by 160% over the past year, and the trend is showing no sign of slowing. More than 300 million new EV charging ports will be Continue Reading
Canada’s Ambitious New Plan To Save Its Oil Sands
Canada’s ambitious plan to utilize geothermal energy could help save its economically-dependent oil sands. The project was established to curb greenhouse gas emissions in oil production while demand for the Continue Reading
Iceland’s Cabinet Raises Climate Goal as Glaciers Melt
Iceland’s governing coalition, which spans the entire political spectrum, settled on ruling together for a second consecutive term after tough talks including on energy and climate issues. The volcanic island Continue Reading
‘A Trash Heap for Our Children’: How Norilsk, in the Russian Arctic, Became One of the Most Polluted Places on Earth
Vasily Ryabinin scales an overlook on the Taimyr Peninsula in June 2020, with the sprawl of the Norilsk Nickel complex below. Credit: Yuri Kozyrev, NOOR This article is part of Continue Reading
‘A Trash Heap for Our Children’: How Norilsk, in the Russian Arctic, Became One of the Most Polluted Places on Earth
Vasily Ryabinin scales an overlook on the Taimyr Peninsula in June 2020, with the sprawl of the Norilsk Nickel complex below. Credit: Yuri Kozyrev, NOOR This article is part of Continue Reading
Lithuania says Belarus will keep testing West, urges NATO rethink
Lithuanian President Gitanas Nauseda visits troops deployed at the Belarus border in Druskininkai, Lithuania November 22, 2021. REUTERS/Janis Laizans VILNIUS, Nov 28 (Reuters) – Lithuanian President Gitanas Nauseda said on Continue Reading
Germany says working with U.S. on Nord Stream 2 deal
The logo of the Nord Stream 2 gas pipeline project is seen on a large diameter pipe at the Chelyabinsk Pipe Rolling Plant owned by ChelPipe Group in Chelyabinsk, Russia, Continue Reading
Cold snap lifts Nordic power price for Monday to record high
Workers on Nexans Skagerrak vessel lay a NordLink subsea interconnector power cable to connect Norway and Germany at the Vollesfjord fjord near Flekkefjord, Norway May 31, 2018. REUTERS/Lefteris Karagiannopoulos OSLO, Continue Reading
Norway’s Oil Boom Is Only Just Beginning
Norway’s revenues from oil and gas production hit a record high this year and are showing no signs of slowing down While Norway is a major supporter of clean energies, Continue Reading
No need for hasty decisions in oil market over Omicron, Russia’s Novak says
The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina/File Photo MOSCOW, Continue Reading
Green hydrogen already competitive with polluting alternative- EU’s von der Leyen
MADRID, Nov 29 (Reuters) – High natural gas prices mean green hydrogen produced with renewable energy can already be cheaper than its carbon-emitting alternative, European Commission President Ursula von der Continue Reading
Gazprom reports record quarter on surging gas prices, sees even better Q4
A logo of Gazprom Neft oil company is seen at a petrol station in Moscow, Russia, March 11, 2016. REUTERS/Maxim Shemetov/File Photo MOSCOW, Nov 29 (Reuters) – Russia’s Gazprom (GAZP.MM) Continue Reading
New COVID variant Omicron triggers global alarm, market sell-off
The discovery of a new coronavirus variant named Omicron triggered global alarm on Friday as countries rushed to suspend travel from southern Africa and stock markets on both sides of Continue Reading
Oil prices drop more than 10% as virus variant threatens blow to demand
Oil prices plunged more than 10 percent on Friday as reports of a virulent new coronavirus variant sparked fears of more pandemic lockdowns and another blow to fuel demand, just Continue Reading
Oil Crashes More Than $10 as New Covid-19 Variant Roils Markets
Oil Market Overreacting to Covid News, Analyst Sen Says Oil prices suffered one of the largest ever one-day plunges, crashing more than 11% on Black Friday as a new coronavirus Continue Reading
OPEC+ monitoring new virus variant, some concerned over outlook – sources
OPEC+ is monitoring developments around the new coronavirus variant, sources said on Friday, with some expressing concern that it may worsen the oil market outlook less than a week before Continue Reading
OPEC+ Leans Toward Ditching Output Hike as Oil Sinks on Virus
Oil Market Overreacting to Covid News, Analyst Sen Says OPEC and its allies are increasingly inclined to ditch their plan to raise output next week, as a new virus variant Continue Reading
The IEA Lashes Out At OPEC As A New Oil Price War Looms
The head of the International Energy Agency has criticized OPEC for failing to do enough with regard to lowering oil prices While Biden coordinated a reserve release from multiple oil-consuming Continue Reading
Top Iran diplomat calls for lifting of sanctions, days before Vienna nuclear talks
Nov 26 (Reuters) – Iran wants the verifiable lifting of economic sanctions it is under, Foreign Minister Hossein Amirabdollahian said on Friday, three days before nuclear talks resume in Vienna. Continue Reading
South African scientists brace for wave propelled by omicron
As the world grapples with the emergence of the new highly transmissible variant of COVID-19, worried scientists in South Africa — where omicron was first identified — are scrambling to Continue Reading
Omicron Variant Highlights Risks of Low Vaccination Rates in Poor Countries – WSJ
The identification of a new, highly-mutated variant of the coronavirus virus in southern Africa this week highlights the risk to global public health posed by large, unvaccinated populations in the developing world, Continue Reading
Brazil’s Oil Major Plans To Invest $68 Billion In Boosting Production
Brazil’s Petrobras plans to invest $68 billion in expanding its crude oil production, a figure that represents 84 percent of its total planned investments for the period 2022-2026. Offshore Technology Continue Reading
Supply-Chain Crisis Only Getting Worse With China’s 7-Week Port Quarantine
China’s increasingly extreme Covid Zero policies are standing in the way of a full recovery for the shipping industry and prolonging a crisis that’s snarled ports and emptied shelves worldwide. Continue Reading
Merck’s COVID-19 pill significantly less effective in new analysis
Merck & Co (MRK.N) said on Friday updated data from its study of its experimental COVID-19 pill showed the drug was significantly less effective in cutting hospitalizations and deaths than Continue Reading
U.S. says ‘all options’ on the table over Russian troop buildup near Ukraine
All options are on the table in how to respond to Russia’s “large and unusual” troop buildup near Ukraine’s border, and the NATO alliance will decide on the next move Continue Reading
Biden administration oil drilling review proposes higher fees, development
The Biden administration proposed a slew of changes on Friday to the nation’s federal oil and gas leasing program, including hiking fees on drilling companies to keep them out of Continue Reading
Biden administration releases report saying oil and gas companies should pay more to drill on public lands
In an effort to boost revenue and protect the environment, the Biden administration on Friday laid out plans to make fossil fuel companies pay more to drill on federal lands Continue Reading
Germany’s energy plan to have limited impact on EU carbon prices, analysts say
Germany’s new energy transition plan is unlikely to have a big impact on prices in Europe’s carbon market, analysts said on Friday, despite plans to introduce a minimum carbon price Continue Reading
Russian Oil-Output Growth Losing Steam as OPEC+ May Review Plans
Russia’s oil-output growth has slowed this month, as the nation’s producers are running out of spare capacity. This could give OPEC’s main ally a reason not to oppose any move Continue Reading
Storm Arwen cuts power for tens of thousands of Britons
Tens of thousands of people across Britain were left without power overnight as Storm Arwen brought strong winds that gusted up to nearly 100 miles per hour (160 kph) parts Continue Reading
61 arrivals from South Africa test positive for COVID-19
A total of 61 people who arrived in the Netherlands on two flights from South Africa on Friday tested positive for the coronavirus and were in isolation on Saturday as Continue Reading
From cannabis to refugees, Scholz plans to leave progressive mark on Germany
Germany’s new coalition partners have struggled to reach consensus on everything from taxes to pensions to climate change. But one thing unites them: a desire to be the country’s most Continue Reading
Zelensky accuses Russia of plotting a coup against him; Kremlin denies claim
Ukrainian President Volodymyr Zelensky asserted Friday that a group of Russians and Ukrainians planned to attempt a coup in Ukraine next month and that the plotters tried to enlist the Continue Reading
Policy makers must accelerate hydrogen rollout to meet net-zero goals: IEA
Highlights 2030 hydrogen demand 120 mil mt with govt pledges Over 200 mil mt needed by 2030 for net-zero pathway Massive additional renewables needed: Platts Analytics More ambitious and concrete Continue Reading
Oil prices dive to two-month lows, spooked by new COVID variant
Oil prices dived more than 5% on Friday, hitting a two-month low as a new COVID-19 variant spooked investors and added to concerns that a supply surplus could swell in Continue Reading
Brent Oil Tumbles 5% With New Covid-19 Variant Roiling Markets
Oil fell sharply as a new Covid-19 strain raised concerns about the outlook for demand, sending global markets spiraling. Futures in New York tumbled below $74 a barrel and benchmark Continue Reading
New Type of Price War is Brewing
A new and unchartered type of price war is brewing, according to Rystad Energy. A new and unchartered type of price war is brewing in the oil market, according to Continue Reading
The Clean Energy Transition Enters Hyperdrive
After decades in which governments and industry groups have often assumed that the shift to renewable energy will be a financial burden, economists and analysts are increasingly making a case Continue Reading
New Variant Puts South Africa at Risk of Global Shut Out
South Africa’s recovery from its deepest economic contraction in almost three decades risks being derailed by the identification of a new coronavirus variant that prompted several European nations to ban Continue Reading
South Africa’s Virus-Spurred Pariah Status Takes a Toll on Rand
The identification of a fresh Covid-19 strain in South Africa could not have come at a worse time for the rand. Already reeling from concerns about Federal Reserve policy and Continue Reading
Halliburton Unit Hired to Plug Delta Spill
Halliburton’s Boots & Coots unit has been called in by independent producer Aiteo Eastern E&P Co. to contain a leak. Halliburton Co., one of world’s largest oil services companies, said Continue Reading
Reliance, Aramco call off $15 bln deal amid valuation differences, sources say
Reliance Industries (RELI.NS) and Saudi Aramco (2222.SE) have called off a deal for the state oil giant to buy a stake in the oil-to-chemicals business of the Indian conglomerate due Continue Reading
China Adviser Says Energy Crisis Won’t Stall Climate Action
China’s energy crisis won’t derail plans to make progress on curbing greenhouse gas emissions in the next few years, according to a top researcher involved in drafting proposals. The 2025 Continue Reading