According to a new report, emissions in the US fell 10.3% in 2020.
Read More »Oil Major Total Withdraws from API over Climate Policy Differences
Total will not renew its membership in the American Petroleum Institute (API) for 2021 due to divergences with the main U.S. oil lobby over climate policies, the French oil and gas supermajor said on Friday. For 2019 and 2020, Total found API’s positions “partially aligned” to its own, but some …
Read More »Iraq’ Oil Exports to the United States Increased in First Week of January
The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq’s export oil to the United States increased to 91 thousand bpd after recording zero. EIA stated in a report, “The United States oil exports recorded 5.541 bpd in the first week of January.” The top three source countries of …
Read More »US Clamps Down on China Tech, Blacklists CNOOC
The US government on Thursday ramped up sanctions and restrictions on Chinese firms over Beijing’s actions in the disputed South China Sea, and the security threat posed by technology. In a wide ranging series of steps unveiled in the waning days of President Donald Trump’s administration, Washington targeted state oil …
Read More »Oil Drops over 2% on China Lockdowns, U.S. Stimulus Concerns
Oil prices fell more than 2% on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world’s biggest crude importer and U.S. plans for a large stimulus package. Brent was down $1.33, or 2.3%, at $55.17 by …
Read More »U.S. Sanction Threats Force Danish Firm Out of Nord Stream 2
The prospect of severe U.S. sanctions led the consulting firm Rambøll to withdraw from Russia’s controversial natural gas project Nord Stream 2. In the last phase of the Nord Stream 2 project, the Rambøll consultancy eventually bowed to the threat of U.S. sanctions, Politiken reports. On the Nord Stream 2 …
Read More »U.S. EIA Cuts 2021 World Oil Demand Growth Forecast
The U.S. Energy Information Administration on Tuesday cut its 2021 world oil demand growth forecast by 220,000 barrels per day from its previous estimate. In its monthly forecast, U.S. Energy Information Administration says 2022 world oil demand to hit 101.08 million bpd, up 3.31 million bpd from 2021.
Read More »U.S. Tells European Companies They Face Sanctions Risk on Nord Stream 2 Pipeline
The U.S. State Department this month told European companies which it suspects are helping to build Russia’s Nord Stream 2 gas pipeline that they face the risk of sanctions as the outgoing Trump administration prepares a final round of punitive measures against the project, two sources said on Tuesday. “We …
Read More »The UAE Warns U.S. Shale Companies against Pumping More Oil
Any attempt by U.S. shale and other oil producers to boost output this year will backfire and lead to lower prices, according to the energy minister of the United Arab Emirates. Oil prices have surged in the past two months with the development of coronavirus vaccines. They jumped again last …
Read More »Renewables to Dominate New U.S. Power Capacity In 2021
Renewable energy, mostly solar and wind, are set to account for more than two-thirds of the new electricity generation capacity that the United States will install this year, the U.S. Energy Information Administration (EIA) said in its latest inventory of electricity generators on Monday. A total of 39.7 gigawatts (GW) …
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