42.82 F
New York
March 4, 2021

Energy (Legacy)

UK new car sales slump in February amid COVID-19 hit

Reuters
FILE PHOTO: Parked cars are seen at the Vauxhall plant as the outbreak of the coronavirus disease (COVID-19) continues, in Ellesmere Port, Britain March 16, 2020. REUTERS/Phil Noble/File Photo LONDON (Reuters) – British new car registrations fell by roughly 36% year-on-year in February, according to preliminary data from an industry......

India’s Kerala turns homes into ‘mini-solar power stations’

Reuters
KERALA, India (Thomson Reuters Foundation) – Before Govindan Satheeshan installed solar panels on the roof of his home in southern India’s Kerala state under a government scheme two years ago, the 70-year-old retiree was unsure. Would the panels produce enough electricity? Would they be too expensive? Would the system suffer......

OPEC+ calls for “cautious optimism” despite oil price rally: document

Reuters
FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger LONDON (Reuters) – A panel of experts of OPEC and allies, known as OPEC+, believes a recent oil price rally......

Saudi Aramco, Chevron chiefs see global oil demand recovery

Reuters
(Reuters) – Global oil demand is recovering and could return to around pre-pandemic levels next year, the chief executive of Saudi Aramco told an oil and gas conference on Tuesday. Global demand for oil is likely to recover from the second half of the year and could reach 99 million......

Oil optimism unwinding market’s mad dash for storage

Reuters
LONDON/NEW YORK/SINGAPORE (Reuters) – When the world economy slammed on the brakes last year, there was a rush to store a wave of unwanted crude and products, but rising prices and optimism about demand is spurring a swift unwinding of storage contracts. FILE PHOTO: Crude oil storage tanks are seen......

Israeli team in Greece probing ship suspected of oil spill, ministry says

Reuters
JERUSALEM (Reuters) – Israel has sent investigators to Greece to inspect a ship suspected of causing an oil spill that has covered much of Israel’s shoreline with tar, the Environment Protection Ministry said on Saturday. Israel has been looking at a spill from a ship that passed about 50 km......

White House restores key climate measure calculating carbon’s harm

Reuters
FILE PHOTO: Democratic 2020 U.S. presidential candidate and former Vice President Joe Biden walks past solar panels while touring the Plymouth Area Renewable Energy Initiative in Plymouth, New Hampshire, U.S., June 4, 2019. REUTERS/Brian Snyder/ WASHINGTON (Reuters) – The White House on Friday announced a major change in how the......

Airline CEOs urge White House support for greener aviation fuel

Reuters
By David Shepardson, Tracy Rucinski FILE PHOTO: Delta Air Lines passenger planes are seen parked at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, U.S. March 25, 2020. REUTERS/Elijah Nouvelage WASHINGTON (Reuters) – The CEOs of American Airlines, United Airlines and Delta Air Lines and other airline officials met virtually with White......

Petchem giant Dow braces for ‘high impact’ from climate change: executive

Reuters
By Florence Tan, Gavin Maguire SINGAPORE (Reuters) – Dow Inc is adjusting its carbon footprint and product slate to adapt to climate change and tap evolving consumption trends tied to the global energy transition, a senior executive said this week. FILE PHOTO: The Dow logo is seen on a building......

Occidental Petroleum expects temporary impact from winter storms

Reuters
FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid (Reuters) – The impact of severe winter storms in Texas last week that shuttered oil production in the top......

IAEA chief Grossi describes black box-type deal reached with Iran

Reuters
VIENNA (Reuters) – The U.N. nuclear watchdog’s chief described his weekend deal with Iran on continued monitoring of its nuclear activities for up to three months as one where data is gathered but his agency is only able to access it afterwards. The International Atomic Energy Agency and Iran announced......

Oil prices rise further on slow U.S. output restart

Reuters
SINGAPORE (Reuters) – Oil prices rose again on Tuesday after a jump in the previous session, holding near a more than 13-month high as U.S. output was slow to return after a deep freeze in Texas shut in crude production last week. FILE PHOTO: An employee holds a sample of......

Occidental Petroleum posts larger quarterly loss on asset sale

Reuters
HOUSTON (Reuters) – Occidental Petroleum Corp on Monday posted a larger-than-expected fourth-quarter loss despite higher oil and gas prices as an asset sale weighed on results. FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New......

Oil gains as U.S. production slowly returns after freeze

Reuters
FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant/File Photo TOKYO (Reuters) – Oil prices rose on Monday as the slow return of U.S. crude output that was cut by frigid conditions raised......

Brazil’s Petrobras executive management in talks on possible mass resignation – sources

Reuters
A worker checks the fuel volumes on a train wagon near a tank of Brazil’s state-run Petrobras oil company in Brasilia, Brazil, February 19, 2021. REUTERS/Ueslei Marcelino RIO DE JANEIRO (Reuters) – Petroleo Brasileiro SA’s executive management is considering resigning en masse after the Brazilian government decided to replace Chief......

Bolsonaro says nominating replacement for Petrobras CEO

Reuters
FILE PHOTO: A man walks past the headquarters of Brazilian oil company Petrobras in Rio de Janeiro, Brazil, September 10, 2020. REUTERS/Ricardo Moraes SAO PAULO (Reuters) – Brazil’s government has decided to nominate Joaquim Silva e Luna as the next chief executive of state-controlled oil company Petrobras, according to a......

Oil retreats on rising U.S. dollar, though Texas supply choked

Reuters
MELBOURNE (Reuters) – Oil prices fell in early trade on Wednesday as the U.S. dollar climbed, retreating after a two-day rally that was driven by an Arctic blast curbing output from oil and gas fields in Texas, the country’s biggest oil-producing state. FILE PHOTO: A 3D printed oil pump jack......

Column: Commodity prices – Supercycle or regular upturn? Kemp

Reuters
LONDON (Reuters) – Commodity markets may be about to embark on another supercycle – a multi-year, broad-based, and usually large increase in prices – according to research published by some of the top investment banks involved in the sector. FILE PHOTO: A wheel loader operator fills a truck with ore......

Column: Commodity prices – Supercycle or regular upturn? Kemp

Reuters
LONDON (Reuters) – Commodity markets may be about to embark on another supercycle – a multi-year, broad-based, and usually large increase in prices – according to research published by some of the top investment banks involved in the sector. FILE PHOTO: A wheel loader operator fills a truck with ore......

Oil price rally points to more OPEC+ easing from April: sources

Reuters
LONDON/DUBAI/MOSCOW (Reuters) – OPEC+ oil producers are likely to ease curbs on supply after April given a recovery in prices, OPEC+ sources said, although any increase in output will be modest as producers are wary of fresh setbacks in the battle against the pandemic. FILE PHOTO: A 3D printed oil......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More