U.S.-Seized Iranian Fuel Cargoes Stuck In Legal Limbo
The cargoes of Iranian gasoline that the United States seized more than a month ago continue to idle off the U.S. Gulf Coast amid a court battle over ownership of Continue Reading
Canada Job Losses In Resource Sector Hit All-Time High
Job losses in the Canadian natural resources sector hit an all-time high in the second quarter, at 43,000, new statistical data has revealed, highlighting the grave impact the pandemic has Continue Reading
Trump extends drilling ban off North Carolina, Virginia
U.S. President Donald Trump said on Friday he had extended a ban until 2032 on oil drilling off the coast of North Carolina and Virginia, weeks after a similar extension Continue Reading
Rise in virus cases adds to economic uncertainty ahead of U.S. election
With COVID-19 deaths in the U.S. topping 200,000 this week following a rise in new daily cases last week for the first time in eight weeks, the role of the Continue Reading
Democrats Prepare New Coronavirus Aid Proposal
As talks with Democrats on a new coronavirus aid package remain stalled, Senate Republicans proposed a ‘skinny’ stimulus bill. WSJ’s Gerald F. Seib explains why this might be Congress’s last Continue Reading
California’s Ban on New Gas Cars Further Upends Auto Industry
California’s decision to ban sales of new conventional vehicles starting in 2035 shows how regulators’ aggressive emission targets are forcibly reshaping an industry that is struggling to keep its customers Continue Reading
Colorado regulatory agency approves new rules to prevent leaks at new well sites
As the Colorado oil and gas industry grapples with regulators seemingly intent on pushing back drilling setbacks fourfold, the state’s air quality commission adopted rules to strengthen monitoring of methane Continue Reading
High Jobless Claims Suggest Slowing in Labor Market’s Recovery
The U.S. unemployment rate shot up faster than in any other developed country during the pandemic. WSJ explains how differences in government aid and labor-market structures can help predict how Continue Reading
Pelosi abruptly shifts course, restarts relief push amid signs economy is straining
House Speaker Nancy Pelosi (D-Calif.) at a news conference Thursday. House Speaker Nancy Pelosi abruptly shifted course Thursday and moved to assemble a new coronavirus relief bill to form the Continue Reading
ConocoPhilips: Oil Demand Will Return And Grow
ConocoPhillips (NYSE: COP) is the latest to issue forward-looking statements regarding the global oil demand forecast, stating that global oil demand would indeed return to 100 million barrels per day—and Continue Reading
California Is Banning Gasoline Cars, Now the EV Race Begins
California just started the clock on a future that a few years ago would’ve been unthinkable: dealerships full of nothing but zero-emissions cars. On Wednesday, Governor Gavin Newsom ordered regulators to phase Continue Reading
Visits to U.S. stores, restaurants stall as concern over economic recovery grows
Foot traffic to U.S. restaurants and stores showed little improvement last week, high-frequency data show, and signs emerged of deepening stress for small businesses as economists worry the recovery from Continue Reading
In a Bold Move, California’s Governor Issues Ban on Gasoline-Powered Cars as of 2035
Afternoon commuter traffic streams northward from Los Angeles on the State Route 14 freeway on May 13, 2020 in Newhall, California. Credit: David McNew/Getty Images If automakers weren’t already planning Continue Reading
Mexico May Delay Energy Reform
Mexico could delay its planned energy sector reform until next year after President Andres Manuel Lopez Obrador asked regulators this week to help prop up state oil major Pemex, Reuters Continue Reading
CNOOC to resume deepwater exploration in Mexico after pandemic pause
Highlights CNOOC expects almost 500 million boe of prospective resources Well located less than five miles away from the US maritime border Mexico City — China National Offshore Oil Corporation Continue Reading
California to Ban New Gasoline Cars by 2035, a First in U.S.
California will phase out sales of new, gasoline-powered cars by 2035 as part of its fight against climate change, Governor Gavin Newsom announced — the first state to set an Continue Reading
California to Ban Sales of New Gas-Powered Cars Starting in 2035
Global satellite data indicate wildfires are becoming bigger and more intense. WSJ talks with NASA’s Doug Morton to understand the science behind what’s making the planet more flammable and making Continue Reading
US Hampton Roads coal exports fall 26.8% on month in August
Coal exports out of the terminals in the Hampton Roads region in Virginia were at 1.68 million st in August, down 26.8% from July and also 42.8% lower than the Continue Reading
Houston study: More contagious coronavirus strain now dominates
The first study to analyze the structure of the novel coronavirus from two waves of infection in a major city found that a more contagious strain dominates recent samples, researchers Continue Reading
UN General Assembly: US-China tensions flare over coronavirus
Trump, Xi Jinping and Guterres address the UN General Assembly Tensions between the US and China came to the fore of the annual UN General Assembly in New York, with Continue Reading
Congress seeks to block goods from China over forced labor
A bipartisan bill aimed at keeping goods out of the U.S. that are made with the forced labor of detained ethnic minorities in China passed overwhelmingly Tuesday in the House Continue Reading
U.S. drilling total for 2020 will be lowest in more than 80 years
At World Oil, we have finished compiling the 2020 mid-year forecast update for drilling and production. On the drilling side, we now can tell you, our readers, that if this Continue Reading
White House urges Congress to pass separate aid bill for airlines
The Trump administration is urging U.S. lawmakers to pass separate bills to aid airlines and other sectors, given failure to reach agreement on a broader package of stimulus funding, White Continue Reading
Rising coronavirus case numbers in many states spur warning of autumn surge
A bartender prepares a drink during Clemson University’s first home football game in Clemson, South Carolina Sept. 19, 2020. More than 3,000 people have died in South Carolina since the Continue Reading
Storm Beta Floods Texas Coast
Tropical Storm Beta is flooding southeastern Texas as it grinds along the coast. (Bloomberg) — Tropical Storm Beta is flooding southeastern Texas as it grinds along the coast, pounding it Continue Reading
As U.S. Election Nears, Iran Tones Down Its Posture in Iraq, Officials Say
Iran has shifted its military strategy regarding U.S. forces in Iraq ahead of the U.S. presidential election in November, reducing the number of rockets launched at bases and potentially withholding Continue Reading
U.S. insists ‘snapback’ sanctions against Iran are in force, but most of the world says that’s illegal
Secretary of State Mike Pompeo said he expects all U.N. countries to fully comply with Washington’s declaration that “snapback” sanctions from the 2015 nuclear agreement are in effect despite the Continue Reading
Trump Administration Moves to Head Off Any Military Sales to Iran
The Trump administration outlined an array of new measures that are intended to preclude China and Russia from selling weapons to Iran and to block the shipment of goods that Continue Reading
U.S. doubles down with new sanctions on Iran as many countries wait to see what happens next
Secretary of State Mike Pompeo, right, listens as Defense Secretary Mark T. Esper discusses new measures against Iran on Sept. 21. In a show of its resolve to crack down Continue Reading
U.S. Coronavirus Cases Jump, With Death Toll Just Below 200,000
The number of new infections in the U.S. increased sharply and the death toll hovered just below 200,000, as some guidelines and practices for stopping the disease’s spread have been Continue Reading
CBO Downgrades Long-Term Projections of Economic Growth
The U.S. economy is likely to grow more slowly in coming decades and the public debt burden will increase more than previously forecast, due in large part to the coronavirus-induced Continue Reading
As Beta drenches Gulf Coast, Alabama, Florida, Louisiana utilities restore grid
As Tropical Storm Beta drenches the Texas Gulf Coast, utilities in Alabama, Florida and Louisiana worked on Sept. 21 to restore electricity to customers previously cut off by hurricanes Laura Continue Reading
Amazon Made a Climate Promise Without a Plan to Cut Emissions
The vast Illinois factory floor that will produce electric delivery vans for Amazon.com Inc. is starting to fill up. Battery and chassis assembly here. Tire storage there. A titanic, three-story metal Continue Reading
Walmart Aims to End Emissions From Global Operations by 2040
Walmart Inc. said it’s targeting zero emissions from its global operations by 2040, a small fraction of its total, in the latest climate-focused step amid heightened calls from investors and Continue Reading
Weary Gulf Coast mayors say hurricane season has changed for the worse, which many attribute to climate shifts
It has been a tough summer across much of the Gulf Coast, where storm after storm has taken aim and two hurricanes — Laura and Sally — have decimated homes Continue Reading
U.S. Wants Bankrupt Offshore Drillers To Pick Up The Tab For Abandoned Wells
The U.S. Department of the Interior is proposing a regulation that will not allow oil producers to avoid picking up their offshore well decommissioning tab when they go bankrupt, the Continue Reading
Western US Gulf of Mexico evacuations beginning ahead of tropical storm
Highlights Shell evacuating Perdido platform, shuting in production Tropical Storm Beta expected to reach hurricane strength No threat to area refineries yet Houston The first evacuations and crude oil shut-ins Continue Reading
U.S. says U.N. sanctions on Iran to be reimposed Saturday. What does that mean?
U.S. President Donald Trump’s administration says that on Saturday (2000 EDT/0000 GMT Sunday) all United Nations sanctions on Iran have to be restored and a conventional arms embargo on the Continue Reading
As U.S. Increases Pressure, Iran Adheres to Toned-Down Approach
The Trump administration has increased criticism and pressure on Iran in recent days: accusing the country of planning assassinations of American diplomats, announcing hacking indictments, preparing unilateral sanctions and denouncing Continue Reading
Trump Environmental Record in Charts: Oil, Coal Promises Unfulfilled
The 45th president’s stance on climate change was established long before he entered the White House. It’s a hoax, he argued, and fossil fuel is an unequivocal good for the nation. Trump Continue Reading
Western US Gulf of Mexico evacuations beginning ahead of tropical storm
The first evacuations and crude oil shut-ins from deepwater platforms began Sept. 18 from the western Gulf of Mexico in advance of a tropical depression that’s coming on the heels Continue Reading
API: US petroleum demand continued to increase in August
US petroleum demand increased in August, and supply decreased, while Gulf Coast refineries, petrochemical plants, and export terminals coped with seasonal disruptions due to Hurricane Laura, according to the American Continue Reading
How much oil left in America? Not much
Preface . If you think we have no worries because we can get arctic oil , think again. We can’t because icebergs mow drilling platforms down in the ocean. On Continue Reading
Exclusive: Trump plans executive order to punish arms trade with Iran
U.S. President Donald Trump plans to issue an executive order allowing him to impose U.S. sanctions on anyone who violates a conventional arms embargo against Iran, three sources familiar with Continue Reading
U.S. Unemployment Claims Held Steady at 860,000 Last Week
The U.S. unemployment rate shot up faster than in any other developed country during the pandemic. WSJ explains how differences in government aid and labor-market structures can help predict how Continue Reading
A Wave Of Consolidations Hit Canada’s Oil Patch
A vicious one-two-three punch that started with a gloomy long-term future outlook due to rampant fossil fuel divestments, climate change policies, and decarbonization as well as shorter-term—but severe—shocks from the Continue Reading
U.S Keeps Top Crude Oil Producer Status
Despite oil production curtailments earlier this year that are not fully back online, the United States maintained its global status as the leading supplier of crude oil in July, ahead Continue Reading
More than 30% of US Gulf offshore oil still offline after Hurricane Sally
More than 30% of US Gulf of Mexico offshore oil and 25% of natural gas output remained offline Sept. 17 after Hurricane Sally made landfall the day prior, according to Continue Reading
More than 485,000 without power after Sally, Laura hit the Gulf Coast
Four weeks after Hurricane Laura and one day after Hurricane Sally made landfall, almost 485,000 power customers lack service in Alabama, Florida, Georgia and Louisiana, which has weakened power demand Continue Reading
U.S. Threatens Sanctions for Arms Sales to Iran
The Trump administration threatened Wednesday to impose an array of fresh sanctions to deter China and Russia from selling weapons to Iran after an arms embargo on Washington’s Middle East Continue Reading