The oil market is likely to be in balance in the second half of 2021, even though European coronavirus lockdowns and U.S. winter storms caused disruptions in March, crude and petroleum products market price structures showed.
(Bloomberg) -- A panel of OPEC+ technical experts agreed to revise down oil-demand estimates for 2021, signaling a more negative view of the market just days before the group decides on production policy.The OPEC+ Joint Technical Committee now estimates that global oil demand will expand by 5.6 million barrels a day this year, down from 5.9 million previously, according to delegates and documents seen by Bloomberg.The revision, which mainly affects the next few months, follows a recommendation f
The U.S. returned 18.3 million barrels of oil temporarily stored in the Strategic Petroleum Reserve by companies that rented space there last year.
Fund managers sold petroleum last week at the fastest rate since successful coronavirus vaccines were announced in November, as a resurgence of infections and a loss of upward price momentum triggered profit-taking.
Oil slumped more than 2% on Monday after news from the Suez Canal that salvage crews have managed to move the giant container ship that has been clogging up the vital global trade passage for nearly a week.
Oil is a sensitive commodity; only the fear or anticipation of something moves the needle up or down the prices. The...
Today I cover the major factors that have caused gasoline prices to rise and fall over the past two decades.
By Nadine Awadalla, Jessica Jaganathan, Roslan Khasawneh and Julia Payne
Chevron Corp has emerged as a leading contender to buy a Royal Dutch Shell Plc refinery in the U.S. Pacific Northwest, three people familiar with the matter said on Friday.
Oil prices rose more than 4% on Friday on worries global supplies of crude and refined products could be disrupted for weeks as workers try to dislodge a giant container ship blocking the Suez Canal.
Oil prices rose more than 4% on Friday, rebounding on concerns it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would squeeze supplies of crude and refined products.
Would you use one in your phone though?
A new study in the journal Risk Analysis suggests that countries representing more than 80 percent of potential growth in low-carbon electricity demand--in Asia, the Middle East, and North Africa--may lack the economic or institutional quality to deploy nuclear power to meet their energy needs. The authors suggest that if nuclear power is to safely expand its role in mitigating climate change, countries need to radically improve their ability to manage the technology.
/PRNewswire/ -- The "Global Power Generation Forecasts 2020-2030: Solar, Wind, Gas, Hydropower, Oil/Diesel, Nuclear, Biomass, and Coal Markets" report has been...
(Welcome toThe Quarantine Stream, a new series where the /Film team shares what they’ve been watching while social distancing during the COVID-19 pandemic.) The Movie:The China Syndrome Where You Can Stream It: The Criterion Channel The Pitch: A hungry journalist (Jane Fonda) and her freelance cameraman (Michael Douglas) are doing a story about nuclear energy …
Thus, a decade later, we can contemplate the cumulative lessons learned. Above all, they are that nuclear power is far safer than anyone had thought. Even when dreaded core meltdowns occurred, and
A selection of correspondence
In todays letters to the editor: more vaccines?; carbon taxes; the Ontario budget; nuclear power; the Canadian Armed Forces
Congressional Democrats want no part in expanding nuclear energy, even as they contemplate large-scale and radical measures to tackle climate change.
Stanford University experts are cautiously optimistic that the Biden administration can change the U.S. trajectory on nuclear waste.
Japan on Tuesday asked the International Atomic Energy Agency for support carrying out the future release of massive amounts of treated but still-radioactive water from the wrecked Fukushima nuclear power plant, most likely into the sea.
Fukushima hopes Olympic torch will shine light on recovery
TOKYO - Japan on Tuesday asked the International Atomic Energy Agency for support carrying out the future release of massive amounts of treated but st...
/PRNewswire/-- Ellomay Capital Ltd. (NYSE American; TASE: ELLO) ("Ellomay" or the "Company"), a renewable energy and power generator and developer of renewable...
On Wednesday Jim Carr, Special Representative for the Prairies, and Saskatchewans Government Relations Minister Don McMorris, than $53 million in jo...
U.S. President Joe Biden's vast plan to modernize the nation's infrastructure includes hundreds of billions of dollars to boost the market for electric vehicles, renewable power and advanced clean energy technologies, while stripping away subsidies for fossil fuels.
* “Overall, the target of increasing the share of clean renewable energy including hydropower in the country is 60% in the next 10 years,” he said this while sharing his view with the participants of webinar ‘Impact of COVID on Energy Sector of Pakistan: Opportunities and Challenges,’ held by Sustainable Development Policy Institute (SDPI) here on Wednesday.
The president plans to use the muscle and vast resources of the federal government to intervene in electricity markets, speed the growth of solar and wind energy, and foster technological breakthroughs in clean power.
According to the Australian Academy of Science, soon every year will be a fire season like 2020. My question:- if the forests all burn down, surely we would run out of flammable woodlands?
/PRNewswire/ -- The California Nevada Cement Association (CNCA) today announced its plan for the industry to achieve net zero carbon emissions by 2045,...
Shareholders approve deal for Yorkshire plant despite concerns over carbon, climate and land use
South African energy start-up Sun Exchange raised $1.4 million in a crowd sale of solar cells of a 1.9 megawatt (MW) solar and battery storage facility at Zimbabwe's Nhimbe Fresh farm, the firm said on Wednesday.
The hefty government intervention seeks to retool America’s creaking systems, festooned with plenty of green jobs
As environmental and energy crises become more common, a thermal energy harvester capable of converting abundant thermal energy into mechanical energy appears to be a promising mitigation strategy. The majority of thermal power generation technologies involve solid moving parts, which can reduce reliability and lead to frequent maintenance. This inspired researchers to develop a thermal power nanogenerator without solid moving parts. They propose a thermal power nanogenerator that converts therm
Its the other greenhouse gas
It would rapidly make a difference to climate change
Lakes store huge amounts of methane. In a new study, environmental scientists at the University of Basel offer suggestions for how it can be extracted and used as an energy source in the form of methanol.
/PRNewswire/ -- State Farm is pleased to share a new environmental sustainability goal for the future and a new report documenting the Company's actions and...
Italy's Eni has agreed with Zhejiang Energy to work together on gas and liquefied natural gas (LNG) projects as China seeks ways to cut carbon emissions by encouraging a switch from the use of polluting coal to gas to generate electricity.
/PRNewswire/ -- Gunvor Group, one of the world's largest physical energy commodities traders, has announced commitments in the areas of environment, social,...
Google's Maps app will start directing drivers along routes estimated to generate the lowest carbon emissions based on traffic, slopes and other factors, the company announced on Tuesday.
/PRNewswire/ -- Transform Materials, a sustainable chemical company that uses microwave plasma technology to convert natural gas into acetylene and hydrogen,...
Rejection comes as company criticised over plans to split its business in two as part of a move to clean up its emissions profile
If Australia pushes ahead with producing fossil fuels, we may lock in a new high-emissions energy system, or one that's uncompetitive. Clearly, green hydrogen is the best way forward.
The food on our plates is one of the main contributors to the ongoing climate crisis.
The United States wont be a global leader in climate change until it works with African nations.
/PRNewswire/ -- The State Oil and Gas Regulatory Exchange (Exchange) released today a third edition of its report on induced seismicity, "Potential Induced...
Colombia has provisionally approved U.S. oil company ExxonMobil Corp's plan to develop a pilot project for hydraulic fracturing, known as fracking, in the country's Valle Medio del Magdalena basin, the oil regulator said on Wednesday.
Greg Kozeras weekly column glorifies natural gas and can reach hundreds of thousands of readers throughout shale country. The industry also helps pay his salary.
Texas' environmental regulator on Friday barred most uses of the water at an oilfield camp converted into a holding center for immigrant teenagers, raising alarms about the safety of more than 400 youths detained there.
ExxonMobil Corp has submitted a proposal to carry out a pilot project for hydraulic fracturing - or fracking - in Colombia, the oil company and the Andean country's national hydrocarbons agency (ANH) said on Wednesday.
It's like a game of hot potato.
SOUTH BRUCE The Community Liaison Committee (CLC) hosted Senior Geologist and Section Manager from the NWMO, Martin Sykes, at their monthly meeting ...
Environmental groups have sued Kern County, north of L.A., after it approved a plan to fast-track thousands of new wells.
Environmental and community groups have sued a California county after the prime oil-drilling region approved a plan to fast-track thousands of new wells in a state that's positioned itself as a leader in combating climate change. The Kern County Board of Supervisors on Monday approved a revised ordinance that could lead to approval of more than 40,000 new oil and gas wells over roughly 15 years. The Sierra Club and other groups asked a court Wednesday to order county leaders to set aside
BAKERSFIELD, Calif. (AP) Environmental and community groups have sued a California county after the prime oil-drilling region approved a plan to fast-track thousands of new wells in a state...
More than 500 oil and gas companies have gone bankrupt since 2015, leaving behind inactive wells that may end up costing Texans economically and environmentally.
/PRNewswire/ -- Pilot Water Solutions LLC ("PWS") is pleased to announce the acquisition of Felix Water, LLC ("Felix Water"), complementing PWS' premier...