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Bearish Nickel Prices Squeeze Steel Mill Earnings

Bearish Nickel Prices Squeeze Steel Mill Earnings

The stainless steel industry saw…

The Race for Green Hydrogen Dominance is Heating Up

The Race for Green Hydrogen Dominance is Heating Up

Countries worldwide are competing to…

Can AI Derail the Energy Transition?

Can AI Derail the Energy Transition?

The utilization of artificial intelligence…

News

California Is The Top U.S. Net Importer Of Electricity

California Is The Top U.S. Net Importer Of Electricity

Dec 07, 2020 at 17:29 | Charles Kennedy

California's imports were the largest in the United States last year when 25 percent of California's total electricity supply was imported, the Energy Information Administration (EIA) said on Monday.…

The UK Now Has Its First EV-Only Charging Station

The UK Now Has Its First EV-Only Charging Station

Dec 07, 2020 at 17:03 | Tsvetana Paraskova

The UK now has its first charging station for electric vehicles only after Gridserve put into service on Sunday, the first of 100 planned such forecourts to support mass…

Next OPEC+ Ministerial Meeting Reportedly Set For January 4

Next OPEC+ Ministerial Meeting Reportedly Set For January 4

Dec 07, 2020 at 14:32 | Tsvetana Paraskova

Oil prices are set for a volatile start to the new year, as the next OPEC+ group meeting on production policy is expected to be set for the first…

Iraq’s Oil Minister Sees Oil Breaking $50 In Early 2021

Iraq’s Oil Minister Sees Oil Breaking $50 In Early 2021

Dec 07, 2020 at 12:30 | Tsvetana Paraskova

Oil prices are set to exceed $50 a barrel early next year, thanks to the OPEC+ production agreements, although prices are still volatile because of the pandemic, Iraqi Oil Minister…

New Activist Investor Wants Exxon To Invest More In Clean Energy

New Activist Investor Wants Exxon To Invest More In Clean Energy

Dec 07, 2020 at 11:15 | Charles Kennedy

ExxonMobil faces renewed pressure from investors to change with the times and invest more in clean energy after a new activist investor firm is setting up a proxy fight nominating…

Strike Could Shut Down All Ports In OPEC Producer Nigeria

Strike Could Shut Down All Ports In OPEC Producer Nigeria

Dec 07, 2020 at 09:32 | Tsvetana Paraskova

Trade unions in Nigeria are threatening a three-day strike later this week that could shut down port operations at Africa’s biggest oil producer and exporter.    The Maritime Workers Union…

France’s Total Looks To Sell Its Stake In Kurdistan Oilfield

France’s Total Looks To Sell Its Stake In Kurdistan Oilfield

Dec 04, 2020 at 16:00 | Charles Kennedy

France’s supermajor Total is in talks to sell its 18-percent stake in an oilfield in Iraq’s semi-autonomous region of Kurdistan, with which it could raise around $500 million, Bloomberg

Denmark To End Oil Production In 2050

Denmark To End Oil Production In 2050

Dec 04, 2020 at 11:27 | Irina Slav

Denmark will stop extracting oil from the North Sea in 2050, the Danish government has said, adding it would cancel its eighth licensing round, announced earlier this year. The…

Share Of EV Registrations In UK Jumps To 9.1% In November

Share Of EV Registrations In UK Jumps To 9.1% In November

Dec 04, 2020 at 09:36 | Charles Kennedy

While the UK’s total new car sales slumped in November due to the second lockdown, electric vehicles (EVs) recorded their third-highest ever monthly share of registrations at 9.1 percent, the…

IEA: Pandemic Slows Energy Efficiency Race

IEA: Pandemic Slows Energy Efficiency Race

Dec 03, 2020 at 18:04 | Tsvetana Paraskova

Energy efficiency is expected to record this year its weakest progress in a decade, creating additional challenges to the world achieving international climate goals, the International Energy Agency (IEA) said…

Iran's Foreign Minister:

Iran's Foreign Minister: "No Renegotiations On Nuclear Deal With Biden Period"

Dec 03, 2020 at 16:39 | ZeroHedge

President-Elect Joe Biden has long signaled he'll seek US reentry into participation in the 2015 Iran nuclear deal, or JCPOA, brokered under the prior Obama administration. On Thursday Iran issued…

Alaska’s Oil Exports Double Amid Strong Chinese Demand

Alaska’s Oil Exports Double Amid Strong Chinese Demand

Dec 03, 2020 at 13:33 | Tsvetana Paraskova

Alaska’s crude oil exports have more than doubled this year from 2019, as Chinese refiners are purchasing more Alaskan crude, demand for which on the U.S. West Coast has significantly…

Oil Major Chevron Slashes Spending Plans Following COVID Crisis

Oil Major Chevron Slashes Spending Plans Following COVID Crisis

Dec 03, 2020 at 11:40 | Tsvetana Paraskova

Chevron Corporation is reducing its capital and exploratory budget for the next five years by billions of U.S. dollars compared to previous guidance as it looks to save its dividend…

Lithuanians Urged To Stockpile Food Amid Reports Of Nuclear Power Incident

Lithuanians Urged To Stockpile Food Amid Reports Of Nuclear Power Incident

Dec 03, 2020 at 10:52 | Tsvetana Paraskova

Days after reports emerged that the newly opened Belarus nuclear power plant suffered an incident, authorities in neighboring Lithuania told the Baltic country’s population on Thursday to stock up on…

Saudi Oil Exports To U.S. Slump To 35-Year Low

Saudi Oil Exports To U.S. Slump To 35-Year Low

Dec 03, 2020 at 09:31 | Irina Slav

Saudi Arabia’s crude oil exports to the United States fell to the lowest in 35 years in October, averaging less than 100,000 bpd, Bloomberg reported, citing preliminary and historical…

Venezuela’s Gasoline Shortage Is Worsening

Venezuela’s Gasoline Shortage Is Worsening

Dec 02, 2020 at 17:05 | Charles Kennedy

Venezuela’s state oil company PDVSA suspended gasoline production at the El Palito refinery after a problem with a valve led to a fire, unnamed sources familiar with the incident

Venezuela’s Oil Exports Double in November As Mysterious New Buyers Emerge

Venezuela’s Oil Exports Double in November As Mysterious New Buyers Emerge

Dec 02, 2020 at 16:53 | Julianne Geiger

Venezuela’s oil exports doubled in November, data from PDVSA and Refinitiv Eikon showed on Wednesday. Venezuela’s crude oil exports were less than 370,000 barrels per day in October, on average.…

U.S. Coal Output Capacity Has Plunged 28% Since 2009 Peak

U.S. Coal Output Capacity Has Plunged 28% Since 2009 Peak

Dec 02, 2020 at 12:43 | Tsvetana Paraskova

Declining coal demand across several sectors, especially electricity generation, has led to a 28-percent slump in U.S. coal mining productive capacity since the peak in 2009, the Energy Information Administration…

Construction Of Line 3 Oil Pipeline Begins In Minnesota

Construction Of Line 3 Oil Pipeline Begins In Minnesota

Dec 02, 2020 at 12:20 | Charles Kennedy

Enbridge is starting construction on the Line 3 oil pipeline replacement in Minnesota after receiving all necessary approvals and permits, the pipeline operator said this week, while indigenous groups…

Libya Moves Closer To Resolving Quarrel Over Oil Revenues

Libya Moves Closer To Resolving Quarrel Over Oil Revenues

Dec 02, 2020 at 10:32 | Charles Kennedy

Libya’s UN-recognized government said on Wednesday that an urgent meeting of all stakeholders involved had agreed to work toward unfreezing Libya’s oil revenues, an essential part of the OPEC…

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