Lockdowns And More Lockdowns Threaten Oil Demand
After parts of Europe went into lockdown again last week, a new wave of lockdowns throughout the world are threatening to tamp down oil demand yet again—and just when things Continue Reading
Toshiba Will Quit Coal Only After Building More Plants
Toshiba Corp. said it will stop taking orders for new coal-fired power plants as it makes a wider push to embrace renewable energy, though it will still complete work on Continue Reading
Shell’s Largest Refinery Reduces Crude Processing Capacity By 50%
Shell will halve the crude oil processing capacity of its largest wholly owned refinery in the world, Pulau Bukom in Singapore, as part of its ambition to be a net-zero Continue Reading
U.S. LNG Exports To China Expected To Grow Substantially
After a year of non-existent liquefied natural gas (LNG) exports from one of the fastest-growing global suppliers, the United States, to the fastest-growing world importer, China, American LNG cargoes started Continue Reading
Japan Eyes Replacing Oil With Hydrogen Amid Carbon Neutral Push
Tucked into a port in western Japan sits a spherical tank that may soon hold the country’s energy future. The import terminal in the city of Kobe, is slated to Continue Reading
Covid-19 Live Updates: U.S. Hospitalizations Top 61,000, a Record
Tanks of liquid oxygen and tents for Covid-19 patients at the Hospitals of Providence Sierra in El Paso, Texas.Credit…Joel Angel Juarez for The New York Times Alex M. Azar II, Continue Reading
Pfizer says COVID-19 vaccine is looking 90% effective
Pfizer Inc. said Monday that its COVID-19 vaccine may be a remarkable 90% effective, based on early and incomplete test results that nevertheless brought a big burst of optimism to Continue Reading
The thaw of the Third Pole: China’s glaciers in retreat
Glaciers in China’s bleak, rugged Qilian mountains are disappearing at a shocking rate as global warming brings unpredictable change and raises the prospect of crippling, long-term water shortages, scientists say. Continue Reading
China to cut refinery run rate in 2021 amid capacity growth, tepid demand
Chinese refineries will likely have to lower utilization rate in 2021 amid growing refining capacity and limited oil product outlets overseas, Han Bing, marketing director at PetroChina’s sales division said Continue Reading
New U.S. COVID-19 cases up 34% last week, set fresh records
The coronavirus pandemic raged across the United States last week, as the country elected a new president, with the daily number of new infections hitting record highs for four straight Continue Reading