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Judge Blocks Biden’s Ban On Oil Leasing

Judge Blocks Biden’s Ban On Oil Leasing

A Louisiana federal judge has…

Colombia Reboots Oil Industry Despite Deadly Protests

Colombia Reboots Oil Industry Despite Deadly Protests

Colombia has restarted its economically…

News

OPEC Head: Global Oil Inventories Will Continue To Draw Down

OPEC Head: Global Oil Inventories Will Continue To Draw Down

Jun 07, 2021 at 13:26 | Charles Kennedy

Oil inventories in developed nations have declined by 160 million barrels since this time last year and will continue to drop in the near term, OPEC Secretary General Mohammad Barkindo…

Scientists Find Cheap And Easy Way To Extract Lithium From Seawater

Scientists Find Cheap And Easy Way To Extract Lithium From Seawater

Jun 07, 2021 at 10:34 | MINING.com

Researchers at King Abdullah University of Science and Technology developed what they believe is…

EU Approves $21B Green Transition Fund

EU Approves $21B Green Transition Fund

Jun 07, 2021 at 08:08 | Tsvetana Paraskova

The 27 members of the European Union approved on Monday the regulation establishing the so-called Just Transition Fund to help fossil fuel-reliant economies in the bloc move to greener…

Renewables Was Sole U.S. Energy Source With Rising Consumption In 2020

Renewables Was Sole U.S. Energy Source With Rising Consumption In 2020

Jun 07, 2021 at 07:45 | Tsvetana Paraskova

Renewables were the only energy source whose consumption in the United States roses in 2020 amid a record 7-percent decline in overall energy consumption, the Energy Information Administration (EIA)

Russia Claims Its Compliance With OPEC+ Cuts Was Almost 100% In May

Russia Claims Its Compliance With OPEC+ Cuts Was Almost 100% In May

Jun 04, 2021 at 13:53 | Charles Kennedy

Russia was close to complying 100 percent with its oil production quota under the OPEC+ deal in May, Russian Deputy Prime Minister Alexander Novak said on Friday. “It will…

Peak Oil Demand May Be Ten Years Away

Peak Oil Demand May Be Ten Years Away

Jun 04, 2021 at 13:18 | Irina Slav

The world is past peak coal consumption and may reach peak oil consumption within the next ten years, Alexei Kudrin, the head of the Russian Accounts Chamber, told media…

Uganda Picks Four Firms For New Oil Exploration Round

Uganda Picks Four Firms For New Oil Exploration Round

Jun 04, 2021 at 09:30 | Irina Slav

Uganda has shortlisted four companies for an exploration round following its second oil exploration tender ever. The tender involved five oil blocks along Uganda’s border with Congo, where oil has…

U.S. Natural Gas Storage Capacity Hardly Increased Since Start Of Shale Boom

U.S. Natural Gas Storage Capacity Hardly Increased Since Start Of Shale Boom

Jun 03, 2021 at 17:11 | Charles Kennedy

Underground storage capacity for natural gas in the United States has stayed essentially flat between 2012 and 2020, and was little changed from 2019 to 2020, the U.S. Energy Information…

Russia Bets On Waste-To-Energy Plants

Russia Bets On Waste-To-Energy Plants

Jun 03, 2021 at 15:06 | Charles Kennedy

Russia is advancing projects to have waste-to-energy plants produce electricity, Sergei Ivanov, Special Presidential Representative for Environmental Protection, Ecology, and Transport said at an economic forum in Russia on Thursday.…

Canadian EV Maker Unveils World's First Crypto-Mining Car

Canadian EV Maker Unveils World's First Crypto-Mining Car

Jun 03, 2021 at 13:03 | ZeroHedge

Daymak Inc, a Canadian electric vehicle manufacturer, has debuted a three-wheel EV resembling a spaceship that includes cryptocurrency mining technology that allows the vehicle to mine while…

Brazil’s Worst Drought In 91 Years Is Good News For LNG

Brazil’s Worst Drought In 91 Years Is Good News For LNG

Jun 03, 2021 at 12:42 | Tsvetana Paraskova

Brazil is importing so much liquefied natural gas (LNG) this year that volumes are close to levels usually seen in countries in Europe and Asia, as the South American country’s…

Extreme Drought Puts California’s Power Supply At Risk

Extreme Drought Puts California’s Power Supply At Risk

Jun 03, 2021 at 11:30 | Tsvetana Paraskova

A more severe than usual drought in California has depleted reservoirs and lakes, including the ones feeding some of the largest hydropower facilities, putting the state again at risk of…

More Than 2 Billion Tons Of Coal Mining Capacity Is About To Come Online

More Than 2 Billion Tons Of Coal Mining Capacity Is About To Come Online

Jun 03, 2021 at 10:40 | Charles Kennedy

More than 2.2 billion tons in annual coal mining capacity is currently under development, threatening the Paris Agreement targets, environmental think-tank Global Energy Monitor said in a new report.…

Commodity Firms Race To Hire Metal Traders

Commodity Firms Race To Hire Metal Traders

Jun 03, 2021 at 09:32 | Tsvetana Paraskova

Amid booming demand for key metals in the energy transition, the world’s largest commodity traders, as well as some hedge funds, are racing to hire metals traders to capitalize on…

Larger Than Expected Crude Draw Fuels Oil Price Rally

Larger Than Expected Crude Draw Fuels Oil Price Rally

Jun 02, 2021 at 15:47 | Julianne Geiger

The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 5.36-million barrels for the week ending May 28. Analysts had predicted a draw of

Massive Blaze Engulfs Tehran Refinery Hours After Sinking Of Iranian Warship

Massive Blaze Engulfs Tehran Refinery Hours After Sinking Of Iranian Warship

Jun 02, 2021 at 12:58 | ZeroHedge

A major oil refinery in Tehran is now engulfed in a huge blaze just hours after on Wednesday morning the Islamic Republic's largest warship caught fire and sank in the Gulf of Oman…

Saudi Oil Giant Readies $5B Bond To Fund Huge Dividend

Saudi Oil Giant Readies $5B Bond To Fund Huge Dividend

Jun 02, 2021 at 12:29 | Charles Kennedy

Saudi Arabia's oil giant Aramco plans to raise around US$5 billion in a new bond sale as early as this month, as it looks to fund its massive annual dividend…

World’s Top Offshore Wind Firm To Triple Capacity With $57 Billion Investment

World’s Top Offshore Wind Firm To Triple Capacity With $57 Billion Investment

Jun 02, 2021 at 10:40 | Tsvetana Paraskova

Danish renewables company Ørsted, the biggest developer of offshore wind farms in the world, plans to invest the equivalent of over US$57 billion by 2027 as part of a new…

Biden Suspends Alaska Wildlife Refuge Oil Leases

Biden Suspends Alaska Wildlife Refuge Oil Leases

Jun 02, 2021 at 09:31 | Charles Kennedy

The Biden administration has suspended oil leases in the Arctic National Wildlife Refuge in Alaska, and the suspension could become permanent. In a statement, the Department of the Interior…

Exxon, Equinor Invest $8 Billion In Developing Oilfield Off Brazil

Exxon, Equinor Invest $8 Billion In Developing Oilfield Off Brazil

Jun 01, 2021 at 17:07 | Tsvetana Paraskova

Norway’s Equinor and U.S. supermajor ExxonMobil have reached the final investment decision to develop the Bacalhau oilfield in Brazil’s prolific pre-salt area with a US$8-billion investment in phase one, the…

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