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Flood Strikes Venice Council Moments After It Rejects Climate Change Measures

Flood Strikes Venice Council Moments After It Rejects Climate Change Measures

Nov 15, 2019 at 09:06 | Irina Slav

The Veneto regional council that decides policies for Venice was struck by a flood just minutes after the majority of the council members rejected a plan for tackling

World's Most Notorious Pipeline Battle Is Heating Up Again

World's Most Notorious Pipeline Battle Is Heating Up Again

Nov 14, 2019 at 14:17 | Tsvetana Paraskova

The company owning the controversial Dakota Access oil pipeline and the Standing Rock Sioux Tribe resumed a long-standing regulatory battle this week, after North Dakota’s regulators began hearings on…

Tesla Faces Environmental Challenge In European Expansion

Tesla Faces Environmental Challenge In European Expansion

Nov 14, 2019 at 12:21 | Tsvetana Paraskova

Tesla may have to cut down trees in a pine forest near Berlin where the U.S. electric vehicle maker plans to build its first factory in Europe, according to

Will Europe Cave To Trump’s Tariff Threats?

Will Europe Cave To Trump’s Tariff Threats?

Nov 14, 2019 at 11:45 | Stuart Burns

Not everyone agrees with the use of tariffs to achieve changes in trade relations. However, a recent article in The New York Times article reports the threat of 25 percent import…

Lithium Under Fire As EV Sales Slump

Lithium Under Fire As EV Sales Slump

Nov 14, 2019 at 11:11 | MINING.com

Electric car pioneer Tesla is already producing units on a trial basis at its giant Shanghai gigafactory despite only breaking ground this year, but thanks to changes…

Major Oil Nation Reshuffles Government Ahead Of OPEC Meeting

Major Oil Nation Reshuffles Government Ahead Of OPEC Meeting

Nov 14, 2019 at 10:01 | Tsvetana Paraskova

The government of Kuwait, OPEC’s fourth-largest producer, resigned on Thursday after a no-confidence vote against one minister, while the fate of the oil ministry’s portfolio remains unclear. Kuwait’s Prime…

Consumers Will Be Hit Hardest In New York Utility Clash

Consumers Will Be Hit Hardest In New York Utility Clash

Nov 14, 2019 at 09:20 | Irina Slav

New York Governor Andrew Cuomo has threatened National Grid to revoke its license in two weeks if the company fails to convince the state authorities it was right to stop…

Oil Rebounds On Surprise Crude Draw

Oil Rebounds On Surprise Crude Draw

Nov 13, 2019 at 15:50 | Julianne Geiger

The American Petroleum Institute (API) has estimated a crude oil inventory draw of 500,000 barrels for the week ending November 7, compared to analyst expectations of a 1.649-million-barrel build.…

Why Brazil’s Oil Auctions Will Fail Again

Why Brazil’s Oil Auctions Will Fail Again

Nov 13, 2019 at 15:46 | Tsvetana Paraskova

Big Oil will likely snub Brazil’s huge oil auctions next year, just as they did in this year’s highly anticipated bid rounds, because projects and prospects around the world are…

Even Banks Have No Idea What Aramco Is Worth

Even Banks Have No Idea What Aramco Is Worth

Nov 13, 2019 at 15:14 | Tsvetana Paraskova

In what could be just days ahead of the most-anticipated initial public offering ever, investment banks continue to give enormous ranges in their low and high estimates of how much…

The Oil Nations That Still Haven't Recovered From The 2014 Crash

The Oil Nations That Still Haven't Recovered From The 2014 Crash

Nov 13, 2019 at 13:27 | Eurasianet

Economic growth in Central Asia and the South Caucasus will remain lackluster in 2020, slowing slightly in most countries, the International Monetary Fund says in its latest regional outlook, published late…

Exxon Doubles Down On The World's Second Largest Offshore Oilfield

Exxon Doubles Down On The World's Second Largest Offshore Oilfield

Nov 13, 2019 at 12:17 | Tsvetana Paraskova

ExxonMobil plans to invest several million US dollars annually in the world’s second-largest offshore oilfield, Upper Zakum offshore the United Arab Emirates (UAE), on top of the US$6.5 billion it…

The One Fuel To Watch This Winter

The One Fuel To Watch This Winter

Nov 13, 2019 at 11:01 | Genscape

As the weather turns colder in North America, the refined products market focus turns to distillate products. The fall season typically brings diesel demand, seasonal refinery maintenance, and expectations for…

Military Coup Leaves World’s Largest Lithium Reserves At Risk

Military Coup Leaves World’s Largest Lithium Reserves At Risk

Nov 13, 2019 at 10:33 | ZeroHedge

Bolivia’s President Evo Morales was overthrown in a military coup on November 10. He is now in Mexico. Before he left office, Morales had been involved in a long project to…

Tesla’s Newest Gigafactory Is Heading To The Heart Of Europe

Tesla’s Newest Gigafactory Is Heading To The Heart Of Europe

Nov 13, 2019 at 09:12 | Irina Slav

Tesla plans to build a gigafactory in Germany, chief executive Elon Musk said, adding the facility will also include a design center. “Everyone knows that German engineering is outstanding, for…

Canada’s Oil Giants Are Fed Up With Pipeline Delays

Canada’s Oil Giants Are Fed Up With Pipeline Delays

Nov 12, 2019 at 17:17 | Julianne Geiger

Canada’s energy producers are almost out of patience, Imperial Oil Limited CEO said on Tuesday. “I think the industry has largely gotten to the point where we’ll believe it when…

Venezuela’s Suffering Oil Giant Receives An Unlikely Lifeline

Venezuela’s Suffering Oil Giant Receives An Unlikely Lifeline

Nov 12, 2019 at 17:02 | Julianne Geiger

PDVSA signed an agreement with an India-based hardware manufacturer to help it with its struggling oil industry, S&P Global Platts said on Tuesday, who saw the document. The Indian…

Russia's Landmark Pipeline Could Transform Global Gas Markets

Russia's Landmark Pipeline Could Transform Global Gas Markets

Nov 12, 2019 at 16:03 | Tsvetana Paraskova

The Power of Siberia gas pipeline that will bring Russian natural gas to the world’s biggest gas importer, China, will start operations in December, Geng Shuang, spokesperson for China’s Foreign…

Russia's Next Great Energy Ally

Russia's Next Great Energy Ally

Nov 12, 2019 at 15:35 | Tsvetana Paraskova

Indian Oil Corporation (IOC), the biggest oil refiner in India, is discussing imports of crude oil from Russia with Russian oil giant Rosneft, IOC’s chairman Sanjiv Singh said on…

Americans Aren’t Buying Into The EV Hype

Americans Aren’t Buying Into The EV Hype

Nov 12, 2019 at 13:25 | Tsvetana Paraskova

Sales of electric vehicles (EVs), hybrid vehicles, and fuel cell vehicles in the United States slumped in Q3 much more than the slight decline in the overall passenger car market,…

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