Iraq’s most vulnerable citizens are the hardest hit by dust storms, which are growing in frequency and intensity due to both global climate change and government inaction. . View full Continue Reading
India has ramped up imports of Russian coal since Ukraine war June customs data shows non-dollar payments now common Chinese yuan, Emirati dirham trades becoming more popular Banks and traders Continue Reading
Venezuela’s state oil firm PDVSA diverted two crude cargoes set to discharge at Cuba’s Matanzas terminal, Refinitiv Eikon data and company documents showed on Tuesday, as a fire that devastated Continue Reading
This month’s biggest climate milestones happened over one weekend. On Sunday, the US Senate approved hundreds of billions of dollars in climate and clean-energy spending. Just two days before, climate Continue Reading
Ford Motor Co.’s new all-electric truck is getting a price increase fewer than four months after it started shipping to dealerships for the first time. The Dearborn, Mich., automaker said Continue Reading
Iraq pumped 4.584 million barrels per day (bpd) of oil in July, up by 69,000 bpd from June, data from state-owned marketer SOMO seen by Reuters showed on Wednesday. According Continue Reading
Firefighters on Tuesday finally overcame what officials described as the worst fire in Cuba’s history that over five days destroyed 40% of the Caribbean island’s main fuel storage facility and Continue Reading
Water has become a sacred commodity in northern Mexico. Reservoirs have been hitting the bottom of their basins. Taps have been running dry for millions of people in the city of Continue Reading
The U.S. Senate climate bill’s fee on oil and gas industry methane emissions will cover less than half the sector’s releases of the powerful greenhouse gas, thanks to concessions made Continue Reading
Forecast Highlights Global liquid fuels The August Short-Term Energy Outlook (STEO) is subject to heightened uncertainty resulting from Russia’s full-scale invasion of Ukraine, how sanctions affect Russia’s oil production, the production decisions Continue Reading
The American Petroleum Institute (API) reported a surprise build this week for crude oil of 2.156 million barrels, while analysts predicted a draw of 400,000 barrels. The build comes as Continue Reading
The Energy Information Administration has lowered its forecast for crude oil production for this year and next, according to a new report. The Energy Information Administration (EIA) made several adjustments Continue Reading
President Biden on Tuesday signed the Chips and Science Act of 2022, directing financial assistance for the construction and expansion of semiconductor manufacturing facilities and other programs. Photo: Evan Vucci/AP Continue Reading
The Inflation Reduction Act budget reconciliation bill has passed the Senate and will now move for approval in the House. As well as extending the existing biodiesel and renewable diesel Continue Reading
Ukraine has suspended Russian oil pipeline flows to parts of central Europe since early this month because Western sanctions prevented it from accepting transit fees from Moscow, Russian pipeline monopoly Continue Reading
Debates in Germany have resurfaced over whether Europe’s biggest economy—severely hit by low Russian pipeline gas supply—should consider lifting its ban on fracking, The Globe and Mail reports . Fracking Continue Reading
The UK is planning on running short on natural gas this coming winter, resulting in blackouts, according to Bloomberg sources familiar with the government’s plans—even with emergency coal-fired power plants Continue Reading
Highlights Flows at Korneti entry point restarted on Aug 5 Gazprom suspended gas flows to Latvia on July 30 Latvia to ban Russian gas imports from 2023 Gas flows into Continue Reading
Will Europe Get Enough Gas From Russia This Winter? The UK is planning for several days over the winter when cold weather may combine with gas shortages, leading to organized Continue Reading
Wildfires raged in southwestern France on Tuesday, destroying sixteen houses, burning 6,000 hectares, and forcing the evacuation of almost 6,000 people in an area already hit last month by huge Continue Reading
As energy bills mount and the threat of rationing increases, some European retailers are turning off lights and considering shorter opening hours this winter. Energy bosses and government officials have Continue Reading
Hungary’s biggest refiner said it has paid Russia’s transit fee to Ukraine to resolve a dispute that has led to a halt in oil flows to central Europe. Mol Nyrt., Continue Reading
The Rhine is the lynchpin of Europe’s network of inland waterways. From the Rhine to the Danube, waterways are failing at the worst possible moment as the climate crisis worsens. Continue Reading
While politicians and economists might debate exactly what constitutes a recession, the reality of an economic slowdown is impossible to ignore. The most recent signal that Europe may soon face Continue Reading
Oil slipped after posting its biggest gain in more than a week on Monday as investors monitored US-Iran nuclear talks and the outlook for demand amid an economic slowdown. West Continue Reading
Oil dropped over $1 a barrel on Tuesday, approaching a multi-month low hit last week, pressured by the latest progress in talks to revive the 2015 Iran nuclear accord, which Continue Reading
Oil prices rose nearly 2% on Monday in volatile trading, bouncing off multi-month lows touched last week, as positive economic data from China and the United States fed hopes for Continue Reading
Goldman Sachs said the case for higher oil prices was still strong with current supply shortfalls well above its expectations in recent months, despite a recent retreat led by factors Continue Reading
Oil supermajors continue to hold back on investment as mid-year guidance remains mostly firm. Oil supermajors continue to hold back on investment as mid-year guidance remains mostly firm, a new Continue Reading
A conservative model of future World Crude plus Condensate (C+C) output is presented below with an average decline rate of 2.8% from 2040 to 2110. From 1933 to 1972 World Continue Reading
The United States stands ready to “quickly conclude a deal” to revive the 2015 Iran nuclear agreement on the basis of proposals put forward by the European Union, a State Continue Reading
Nigerian President Muhammadu Buhari has granted consent to the acquisition of Exxon Mobil’s Nigerian unit by Seplat Energy (SEPLAT.LG) , in a $1.28 billion deal announced in February. Buhari, who Continue Reading
IOCs get blacklisted from operating in Iraqi Kurdistan. Two landmark legal rulings made in February by the Supreme Court of the Federal Government of Iraq in Baghdad paved the way Continue Reading
Iraq’s Oil Ministry has added Russia’s Gazprom and the UAE’s Dana Gas to its list of legal targets in a campaign to invalidate the Kurdistan region’s contracts with international oil Continue Reading
The Minister of State for Petroleum Resources, Dr Timipre Sylva, has said that the country loses 400,000 barrels of crude daily via oil theft. Sylva said this on Monday when Continue Reading
A third crude tank caught fire and collapsed at Cuba’s main oil terminal in Matanzas, its governor said on Monday, as an oil spill spread flames from a second tank Continue Reading
China’s homegrown new-energy vehicle makers are booming as demand surges, with sales now forecast to hit a record six million this year in the world’s largest auto market. Warren Buffett-backed Continue Reading
South Korea’s heaviest rainfall since World War II submerged cars on the streets, flooded subway stations and left at least eight people dead. The downpours also hit neighboring North Korea, Continue Reading
Highlights Bilateral climate agenda moves from collaboration to competition COP27 outcomes could be impacted Green hydrogen, CCUS, methane reduction likely to be hit China’s suspension of climate dialogue with the Continue Reading
After years of failed attempts to pass major legislation to combat climate change, the U.S. Senate’s Inflation Reduction Act is poised to become the largest U.S. climate legislation in history. Continue Reading
Gas stations in the US are selling plenty of fuel, even as government data shows a steep drop in wholesale gasoline demand. The amount of retail gasoline sold in the Continue Reading
The strong gusts blowing off the coasts of Puerto Rico, Guam and other US territories offer big green energy potential — but for decades, a quirk in federal law meant Continue Reading
Battery-powered vehicles are considered essential to the fight against climate change, but most models are aimed at the affluent. Ford has stopped taking orders for Lightning electric pickups, with a Continue Reading
At one weather station in Fairbanks, Alaska, each hour of rainfall is about 50 percent more intense, on average, than it was a half-century ago. The Wichita area is experiencing rains Continue Reading
Reducing the workweek to four days could have a climate benefit, advocates say. In addition to improving the well-being of workers, they say slashing working hours may reduce carbon emissions. It’s Continue Reading
Despite steadily falling gas prices during the peak of the summer driving season, fewer drivers fueled up last week. It’s another sign that, for now, Americans are changing their driving Continue Reading
The U.S. Energy Information Agency (EIA), has forecasted in their most recent edition of the Short Term Energy Outlook-STEO, a rise in U.S. production of about 800K BOEPD by the Continue Reading
It looks like the offshore oil and gas drilling market is in the early innings of an upcycle in investment and activity. Both Schlumberger and Transocean believe that the upcoming Continue Reading
Lower US temperatures forecast through Aug. 13 US Northeast temps forecast to see largest drop A forecast break from very hot weather in the US Northeast and Midwest is expected Continue Reading
Russian airlines, including state-controlled Aeroflot (AFLT.MM) , are stripping jetliners to secure spare parts they can no longer buy abroad because of Western sanctions, four industry sources told Reuters. The Continue Reading
