Two weeks before the Atlantic hurricane season officially begins, Tropical Storm Arthur has formed off the southeast U.S. coast and is heading toward North Carolina. The National Hurricane Center has Continue Reading
US natural gas stocks increased by less than the five-year average last week as below-normal temperatures boosted demand despite widespread stay-at-home measures. Receive daily email alerts, subscriber notes & personalize Continue Reading
The U.S. cut its 2020 oil production forecast by more than 1 million barrels a day, as collapsing crude prices and plummeting demand threaten to shutter production in the country’s Continue Reading
From her home window, Belinda Constant, mayor of Gretna, Louisiana, watches the mighty Mississippi flow by. Beyond it are the sparkling lights of New Orleans. She views both warily these Continue Reading
Weekly US coal production was estimated at 10.6 million st in the week that ended March 7, down 6.1% from the previous week, US Energy Information Administration data said Thursday. Continue Reading
Super Tuesday whittled down the Democratic race for the White House to two viable candidates — and two different visions for what to do about climate change. Both Joe Biden and Continue Reading
Rosneft has allocated April deliveries of the ESPO crude blend to commodity trader Trafigura instead of to China’s CEFC, suggesting that Russia’s largest producer may have altered or even terminated Continue Reading
House Republicans call their plan for tackling climate change “realistic.” Right-wing think tanks call it a “Green New Deal Lite.” House Minority Leader Kevin McCarthy (R-Calif.) and other top House Republicans find Continue Reading
As Democrats running for president pivot to New Hampshire after the debacle in Iowa, they have already spent much of this week in the Granite State trading grabs over which Continue Reading
The state of Mississippi, concerned a bad flood season this spring will hurt its coast and economy, is pressing the U.S. Army Corps of Engineers to change how it handles Continue Reading
US ethanol production averaged 1.049 million b/d for the week ended January 17, a 46,000 b/d decrease compared with the previous week but still up 18,000 b/d year on year, Continue Reading
Summary of Weekly Petroleum Data for the week ending January 10, 2020 U.S. crude oil refinery inputs averaged 17.0 million barrels per day during the week ending January 10, 2020, Continue Reading
The Federal Emergency Management Agency recently released a National Preparedness Report that does not mention climate change, despite global warming’s impact on natural disasters such as wildfires. The Trump administration’s Continue Reading
Summary of Weekly Petroleum Data for the week ending December 20, 2019 U.S. crude oil refinery inputs averaged 17.0 million barrels per day during the week ending December 20, 2019, Continue Reading
Friday morning’s low temperature forecast from the American GFS model. (WeatherBell.com) 2019 is likely to go down in the books as the warmest year on record in Alaska. Anchorage hit Continue Reading
For those who grew up in New England, single-digit temperatures, snow squalls, and icy roads are nothing outside the ordinary. With at least six days last year averaging colder than Continue Reading
First high-pressure project for the US Gulf of Mexico Facility design capacity of 75,000 b/d of crude and 28 MMcf/d of natural gas First oil expected in 2024 New York Continue Reading
South Korea’s LG Chem ( 051910.KS ) said on Thursday it would invest $916 million in its U.S. subsidiary by 2023 to set up an electric vehicle battery joint venture Continue Reading
A fierce, wind-driven wildfire swept through foothills and canyons along the northern edge of Los Angeles on Friday, engulfing homes, closing roads and devouring acre upon acre of dry brush Continue Reading
This year, the oil market has faced some of the worst supply disruptions in recent times and yet prices remain stuck in the $60s. OPEC ’s oil production tumbled the Continue Reading
Andrey Danilov eased his motorboat onto the gravel riverbank, where the bones of a woolly mammoth lay scattered on the beach. A putrid odor filled the air — the stench Continue Reading
Economists say the improvement in both official and private gauges of factory activity is unlikely to mark a turnaround from the deepening slowdown in the industrial sector, as the world’s Continue Reading
Power production from German North Sea wind farms from January to June totaled 9.51 terawatt hours (TWh), 16% more than in the same 2018 period, grid company TenneT GmbH said Continue Reading
Iran’s alleged attempt to disrupt the passage of a UK crude tanker through the Persian Gulf has added to fears in oil markets, boosted prices and raised insurance costs for Continue Reading
Philadelphia Energy Solutions (PES) will seek to permanently shut its oil refinery in the city after a massive fire caused substantial damage to the complex, the company confirmed on Wednesday, Continue Reading
Highlights Outlook sees up to 15 named storms, eight hurricanes Rising US oil, gas exports add to energy sector risks Demand destruction remains top power concern Washington — The US Continue Reading
US weekly coal production was estimated to be 10.5 million st for the week ended March 30, down 6.6% from the previous week and down 26.3% from the year-ago week, Continue Reading
French supermajor Total said on Tuesday that it had started up production at the Kaombo Sul oil development, adding 115,000 bpd to bring Total’s overall production capacity to 230,000 bpd, Continue Reading
The US Coast Guard is working to set up a “locking system” in Houston Ship Channel areas where water was contaminated with significant amounts of benzene after a fire at Continue Reading
Russia is dragging its feet over the oil production cut deal that it has reached with OPEC and other non-OPEC countries. The deal, which was to go into effect on Continue Reading
Summary of Weekly Petroleum Data for the week ending March 22, 2019 U.S. crude oil refinery inputs averaged 15.8 million barrels per day during the week ending March 22, 2019, Continue Reading
Negotiators for the U.S. and China have scheduled a new round of high-level trade talks in Beijing and Washington, aiming to close a deal by late April to end the Continue Reading
n southern Iraq, where the Euphrates and Tigris rivers meet, the Fao peninsula was once known for its swathes of henna plants and palm trees. But the lush greenery of Continue Reading
Less than two weeks after Alaska Gov. Michael Dunleavy cast doubt over the $43 billion Alaska LNG project, two oil majors have resuscitated hope that the massive capex project could Continue Reading
Brussels — The European Parliament is on track to approve all outstanding draft EU energy laws by mid-April, ensuring that the push away from fossil fuels towards renewable energies will Continue Reading
Russia’s energy ministry plans to meet domestic oil companies on March 1 to discuss a deal between OPEC and other leading global oil producers to reduce production, two sources familiar Continue Reading
Russian Energy Minister Alexander Novak said on Thursday that there are risks for global oil markets from the political crisis in Venezuela, yet there are no proposals to reverse the Continue Reading
Forecast Highlights Global liquid fuels Brent crude oil spot prices averaged $59 per barrel (b) in January, up $2/b from December 2018 but $10/b lower than the average in January Continue Reading
Igor Sechin, head of Russian oil giant Rosneft and one of Vladimir Putin’s closest allies, has written to the Russian president saying Moscow’s deal with OPEC to cut oil output Continue Reading
Oil thieves illegitimately refining crude oil at Otor-Edo and surrounding communities in Ughelli South Local Government Area, Delta State, and soldiers from the 222 Battalion, Agbarha-Otor, in the state are Continue Reading
US crude supply was little changed week on week as an uptick in production was matched by sharply higher exports last week, US Energy Information Administration data showed Friday. US Continue Reading
The Organization of the Petroleum Exporting Countries – the oil market institution that has exerted an unyielding power over the price of crude for nearly 60 years – is now Continue Reading
After Russia agreed on Friday to cut its oil production as part of the non-OPEC group tasked with cutting 400,000 bpd of oil production, Energy Minister Alexander Novak said it Continue Reading
Russia may be ready to cut its oil production by 200,000 bpd as part of a deal with OPEC to reduce oil supply—a higher commitment than 150,000 bpd previously aired, Continue Reading
Iran will seek an exemption from any OPEC production cut agreement, its oil minister said Wednesday, potentially complicating the group’s already fraught negotiations. “Iran should be excluded from any decision Continue Reading
Stronger oil and natural gas prices combined with continuing development of shales and low permeability formations drove producers of crude oil and natural gas in the United States to report Continue Reading
Saudi Aramco will sign five crude oil supply agreements with Chinese customers, it said in a statement on Wednesday, taking the volume of its 2019 China crude oil supply agreements Continue Reading
What a difference one month makes. One month ago, the International Energy Agency (IEA) warned that the world was “straining parts of the system to the limit,” noting that “recent Continue Reading
Chinese oil major PetroChina inked 2019 annual crude supply deals with state-owned producers Saudi Aramco and Kuwait Petroleum Corp on Wednesday at a public signing ceremony during the China International Continue Reading
The Rhum gas field in the UK North Sea—in which a unit of the National Iranian Oil Company holds 50 percent—will continue operations after meeting the final condition under the Continue Reading
