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Is China’s Oil Demand Set For A Major Bounce Back?

Is China’s Oil Demand Set For A Major Bounce Back?

This robust performance across several…

Why TotalEnergies’ Potential U.S. Listing Makes Little Sense

Why TotalEnergies’ Potential U.S. Listing Makes Little Sense

TotalEnergies CEO Patrick Pouyanné has…

News

Dakota Access Case Could Sour Future Pipeline Plans

Dakota Access Case Could Sour Future Pipeline Plans

Aug 27, 2020 at 15:34 | Charles Kennedy

The U.S. Army Corps of Engineers has asked an appeals court to reverse a lower court’s ruling vacating the permit of the Dakota Access oil pipeline to operate, arguing that…

Coal’s Share Of Global Energy Supply Has Increased Since 1973

Coal’s Share Of Global Energy Supply Has Increased Since 1973

Aug 27, 2020 at 14:29 | Tsvetana Paraskova

The share of coal of total energy supply increased between 1973 and 2018, while the share of oil shrunk by nearly 15 percentage points, as the share of energy supply…

Wind Power Giant Sees Profits Shrink As Competition Heats Up

Wind Power Giant Sees Profits Shrink As Competition Heats Up

Aug 27, 2020 at 11:36 | Tom Kool

German-Spanish wind turbine maker Siemens Gamesa is confident it will increase its profit margins in the mid to long term, but its short-term results disappointed the markets on…

Chinese Data Shows Beijing Continues Iranian Oil Imports

Chinese Data Shows Beijing Continues Iranian Oil Imports

Aug 27, 2020 at 11:20 | Tsvetana Paraskova

Official Chinese data showed this week that China imported 120,000 barrels per day (bpd) of oil from Iran in July as Beijing returns to reporting crude imports from the Islamic…

U.S. Biofuel Mandate Decision Could Be Delayed By Pandemic

U.S. Biofuel Mandate Decision Could Be Delayed By Pandemic

Aug 27, 2020 at 10:35 | Charles Kennedy

The U.S. Environmental Protection Agency (EPA) may be unable to come up with a decision for next year’s biofuel blending requirements by the November 30 deadline because of the coronavirus…

India To Propose World Solar Bank

India To Propose World Solar Bank

Aug 27, 2020 at 07:31 | Metal Miner

India will propose a World Solar Bank at the World Solar Technology Summit organized by the International Solar Alliance (ISA) in September, the Business Standard reported. Stay up to date on…

U.S. Oil And Gas Lease Sales Resume Despite Weak Interest

U.S. Oil And Gas Lease Sales Resume Despite Weak Interest

Aug 26, 2020 at 17:43 | Julianne Geiger

Despite the wave of U.S. oil and gas industry bankruptcies and layoffs as a result of the pandemic, the United States government has decided to resume its oil and gas…

St. Kitts & Nevis Strips Oil Tankers Of Flag For Breaching US Sanctions On Iran

St. Kitts & Nevis Strips Oil Tankers Of Flag For Breaching US Sanctions On Iran

Aug 26, 2020 at 16:29 | Charles Kennedy

The Caribbean island state of St. Kitts & Nevis has stripped four oil tankers of its flag after an NBC News investigation found that as many as 15 tankers…

South Sudan Set To Take Over China-Operated Oilfields By 2027

South Sudan Set To Take Over China-Operated Oilfields By 2027

Aug 26, 2020 at 14:36 | Tsvetana Paraskova

South Sudan’s state-controlled Nile Petroleum Corporation (Nilepet) has started preparations to take over the management of some oilfields in the country by 2027, when it will let the contract with…

Environmentalists Slam Norway’s Plan To Expand Arctic Oil Drilling

Environmentalists Slam Norway’s Plan To Expand Arctic Oil Drilling

Aug 26, 2020 at 13:27 | Charles Kennedy

Environmental campaigners and analysts are criticizing Norway’s plan to open new areas for oil drilling in the Arctic, saying that operations could threaten pristine areas and wildlife and potentially strain…

Petrobras Puts More Oilfields Up For Sale

Petrobras Puts More Oilfields Up For Sale

Aug 26, 2020 at 11:15 | Tsvetana Paraskova

Petrobras is putting up for sale a total of 26 onshore and shallow water concessions and a small refinery, Brazil’s state-held oil firm said as it aims to divest…

Saudi Arabia Sees Oil Revenues Plunge In June

Saudi Arabia Sees Oil Revenues Plunge In June

Aug 26, 2020 at 10:32 | Tsvetana Paraskova

The value of Saudi Arabia’s oil exports plunged by 54.8 percent year over year in June, or by US$8.7 billion (32.6 billion Saudi riyals), data from Saudi Arabia’s General Authority…

U.S. Oil Exports To China Soar 139% In July

U.S. Oil Exports To China Soar 139% In July

Aug 26, 2020 at 09:31 | Irina Slav

U.S. crude oil exports to China grew by 139 percent on the year in July thanks to bargain hunting among Chinese buyers, making the U.S. the fifth-largest supplier of oil…

Oil Rises Further On Large Crude, Gasoline Draws

Oil Rises Further On Large Crude, Gasoline Draws

Aug 25, 2020 at 15:40 | Julianne Geiger

The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 4.524 million barrels for the week ending August 21. Analysts had predicted an inventory draw…

IHS: Oil Demand Growth Will Taper Off

IHS: Oil Demand Growth Will Taper Off

Aug 25, 2020 at 15:16 | Julianne Geiger

Global oil demand growth—the very thing on which the entire state of the oil industry hinges—is expected to taper off, IHS Markit has said in its latest forecast. The forecast…

Australia's Biggest Oil-Producing Project Could Be In Jeopardy

Australia's Biggest Oil-Producing Project Could Be In Jeopardy

Aug 25, 2020 at 13:08 | Tsvetana Paraskova

An indigenous group is set to vote this week on whether to authorize oil and gas fracking in Western Australia and related infrastructure in a project that, if approved, could…

Scottish Oil Workers Happy To Join The Renewable Revolution

Scottish Oil Workers Happy To Join The Renewable Revolution

Aug 25, 2020 at 12:11 | Charles Kennedy

More than three-quarters of oil workers in Scotland have considered retraining to find jobs in the renewables industries as 80 percent of Scottish oil and gas workers believe that their…

Iran Says It Will Cooperate With International Nuclear Watchdog

Iran Says It Will Cooperate With International Nuclear Watchdog

Aug 25, 2020 at 11:22 | Tsvetana Paraskova

Iran held constructive talks with the head of the International Atomic Energy Agency (IAEA) and will fulfill its commitments under the 2015 nuclear deal, but will not accept any additional…

Exxon Gets Kicked Out Of The Dow Jones Industrial Average

Exxon Gets Kicked Out Of The Dow Jones Industrial Average

Aug 25, 2020 at 09:11 | Irina Slav

Exxon is being kicked out of the Dow Jones Industrial Average index, where it has had a place since 1928. The reason: the Dow needed to make space for other,…

Race/Gender Wars Strike Department Of Energy In New Investigation

Race/Gender Wars Strike Department Of Energy In New Investigation

Aug 24, 2020 at 17:13 | Julianne Geiger

The Department of Energy is opening up an investigation into white male privilege workshops on the taxpayer’s dime, author and researcher Christopher Rufom has alleged on Twitter, citing a series…

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