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Balanced U.S. budget depends on part on sale of strategic oil reserves![]() Washington (UPI) May 23, 2017 President Donald Trump's plan to sell off strategic oil reserves to balance the budget will take careful planning to avoid hurting oil prices, analysis finds. Crude oil prices were moving in negative territory early Tuesday on word a White House budget proposal relies in part on selling off parts of the Strategic Petroleum Reserve in an effort to balance the books. According to a daily emailed newsletter from London broker PVM, selling off half of the 688 million barrels in the SPR could ... read more |
Holiday demand, high oil prices working against driversWashington (UPI) May 23, 2017 Stronger expected demand moving into the long U.S. holiday weekend and higher crude oil prices means consumers are paying more for gas, AAA finds. ... more
U.S. gasoline needs lower on improved fuel economyWashington (UPI) May 23, 2017 Improved fuel economies for light-duty vehicles in the United States means gasoline demand could trend lower, a federal brief published Tuesday found. ... more
OPEC chatter pulls oil out of big overnight slumpWashington (UPI) May 23, 2017 Crude oil prices were pulling back toward even in early Tuesday trading, after U.S. budget moves balanced against OPEC narratives. ... more
Tunisia protester death raises fears of more unrestTataouine, Tunisia (AFP) May 22, 2017 A young protester was killed Monday after a national guard vehicle "accidentally" ran him over in south Tunisia, raising fears of more social unrest in a region already rocked by weeks of protest. ... more |
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OPEC-member Kuwait says oil prices won't spikeWashington (UPI) May 23, 2017 While there's broad support for extending the effort to balance the market through production declines, Kuwait's oil minister said oil prices shouldn't spike. ... more
Wood Group to help with Russia's LNG effortsWashington DC (UPI) May 22, 2017 Scottish energy services company Wood Group said Monday it secured a contract with Russia to help advance Far East liquefied natural gas development. ... more
Tunisia protester 'accidentally' killed in southTataouine, Tunisia (AFP) May 22, 2017 A young protester was killed Monday after a national guard vehicle "accidentally" ran him over in south Tunisia, raising fears of mounting social unrest in a region rocked by weeks of protest. ... more
OPEC-fueled oil price rally extends into second weekWashington DC (UPI) May 22, 2017 A narrative from the head of OPEC that efforts to balance the market paid off led to a strong rally in crude oil prices Monday despite signs of sluggish growth. ... more
BP says its North Sea portfolio is on the reboundWashington DC (UPI) May 22, 2017 British energy company BP said it started oil production from a North Sea basin after spending billions of dollars on regional redevelopment. ... more
Iraq agrees to nine-month extension of OPEC production cut: ministerBaghdad (AFP) May 22, 2017 Iraq has agreed to a nine-month extension of a production cut pact among OPEC members that is aimed at boosting crude prices, the country's oil minister said on Monday. ... more |
![]() Iran sees need for major offshore investments
Oil production starts for Vitol offshore GhanaWashington DC (UPI) May 22, 2017 Oil production from a floating facility off the coast of Ghana has started three months ahead of schedule, Dutch energy company Vitol said. ... more
Exxon bringing Saudi partner to U.S. petrochemicalsWashington DC (UPI) May 22, 2017 Exxon Mobil said it was bringing its Saudi partners to a U.S. facility, though other companies in talks in Riyadh agreed to expand their regional presence. ... more
Dallas Fed: Oil and gas sector recovery apparentWashington (UPI) May 19, 2017 An improved market climate in the energy sector means Texas is well on the road to recovery with job gains up for the third straight month, a bank reported. ... more
Cairn fully funded for North Sea, Senegalese oil plansWashington (UPI) May 19, 2017 Financing is in place to support development of the emerging oil basins offshore Senegal, while new output is expected from the North Sea, Cairn Energy said. ... more |
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Madison WI (SPX) May 22, 2017
Technologies for converting non-edible biomass into chemicals and fuels traditionally made from petroleum exist aplenty. But when it comes to attracting commercial interest, these technologies compete financially with a petroleum-based production pipeline that has been perfected over the course of decades.
Winning that competition - or at least leveling the economic playing field - require ... more Los Alamos NM (SPX) May 22, 2017Insight into enzyme's 3-D structure could cut biofuel costs University Park PA (SPX) May 19, 2017Microbial fuel cell converts methane to electricity Pittsburgh PA (SPX) May 22, 2017A full life cycle assessment of second-generation biofuels |
Washington DC (SPX) May 22, 2017
Researchers at the U.S. Naval Research Laboratory (NRL), Vehicle Research Section and Photovoltaic Section are building on the proven concept of autonomous cooperative soaring of unmanned aerial vehicles (UAVs). Their research investigates the presence of solar photovoltaics (PV) to the cooperative autonomous soaring techniques, which enables long endurance flights of unmanned sailplanes that us ... more Vilnius, Lithuania (SPX) May 22, 2017EU SmartFlex project finishes reference solar facade Barcelona, Spain (SPX) May 22, 2017InnoEnergy-backed Solaris Offgrid raises 1M Euro to tackle global electricity poverty New Bedford MA (SPX) May 18, 2017Beaumont Solar Announces the Beaumont "Big C" Services Unit to Solar Industry |
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Solomons MD (SPX) May 10, 2017
A new study by scientists at the University of Maryland Center for Environmental Science's Chesapeake Biological Laboratory, Cornell University and Duke University is the first in a series to understand how marine mammals like porpoises, whales, and dolphins may be impacted by the construction of wind farms off the coast of Maryland.
The new research offers insight into previously unknown ... more The Hague (AFP) May 8, 2017Dutch open 'world's largest offshore' wind farm London, UK (SPX) May 09, 2017OX2 will manage a 45 MW wind farm owned by IKEA Group in Lithuania Washington DC (SPX) May 10, 2017Building Energy celebrates the beginning of operations and electricity generation of its first wind farm |
Geneva (AFP) May 21, 2017
The Swiss voted Sunday in favour of a massive overhaul of the country's energy system by gradually replacing the power from its ageing nuclear reactors with renewable sources.
A full 58.2 percent of Swiss voters supported the shift, according to a final tally after Sunday's referendum, with only four of the country's 26 cantons voting "no".
The move has been in the making since shortly a ... more Paris, France (SPX) May 22, 2017Hungary: AREVA NP awarded contract for safety IC modernization at Paks Nuclear Power Plant New Delhi (AFP) May 17, 2017India to build 10 domestic nuclear power reactors Tokyo (AFP) May 17, 2017Japan restarts another reactor |
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Berlin (AFP) May 23, 2017 German Chancellor Angela Merkel vowed Tuesday to work to convince climate change "doubters" as the world waits to see whether US President Donald Trump will endorse the Paris agreement.
"Protecting the climate matters to all of us," said Merkel, whose country will host a G20 summit and UN climate talks this year.
"We all feel the impacts of climate change... We are responsible for each ... more Cape Town (AFP) May 22, 2017Cape Town region declares drought disaster Cannes, France (AFP) May 22, 2017Trump can't stop progress on climate, says Al Gore Bonn (AFP) May 19, 2017Hopes for climate pact shift to diplomatic sphere |
Beijing (AFP) May 23, 2017
A booming rental bike business has flooded China's streets with packs of cyclists, but their habit of going the wrong way and abandoning their rides anywhere is causing havoc.
The authorities, scrambling to catch up, are considering new regulations to curb the chaos - from capping the number of bikes to even barring people they consider too big or too small for bicycles.
Unlike the doc ... more Hong Kong (AFP) May 23, 2017Hong Kong police arrest 21 Uber drivers in sting Shanghai (AFP) May 22, 2017China's JAC says electric car tie-up with VW approved Singapore (AFP) May 19, 2017Singapore car 'vending machine' dispenses with tradition |
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Mosul, Iraq (AFP) May 19, 2017
Standing at the gate of his house in Iraq's war-torn city of Mosul, Muwaffaq al-Obeidi watches as waves of displaced residents pass by, away from the crackle of automatic gunfire.
The battle for Iraq's second city has come to Obeidi's front door, but the 70-year-old refuses to leave his home.
Armoured vehicles come and go, transporting Iraqi soldiers to the front line to battle Islamic S ... more Baghdad (AFP) May 20, 2017IS-claimed suicide bombings kill 35 in Iraq Mosul, Iraq (AFP) May 18, 2017On Mosul front, Iraqi forces come as civilians go Mosul, Iraq (AFP) May 16, 2017Brisk business for Mosul's first post-IS liquor store |
Tehran (AFP) May 22, 2017 Iran's newly re-elected President Hassan Rouhani ridiculed US strategy in the Middle East, dismissing Donald Trump's summit with Arab leaders as "just a show" and insisting that missile tests will continue.
"Our missiles are for our defence and for peace, they are not offensive. Know that while there is a technical need to conduct missile tests, we will do so and we will ask the permission o ... more Washington (AFP) May 24, 2017Trump calls N. Korea's Kim Jong-Un 'madman with nuclear weapons' Beijing (AFP) May 23, 2017China's trade with N.Korea falls as pressure mounts United Nations, United States (AFP) May 23, 2017China sees 'no reason' not to talk with N. Korea |
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Beijing (AFP) May 23, 2017
A young Chinese woman has drawn criticism on social media after unfavourably comparing her homeland's air and politics to those in the US during her graduation speech at an American university.
Speaking at the University of Maryland, Yang Shuping said that coming to the United States had been a breath of "fresh air" after growing up in China.
"The air was so sweet and fresh and utterly l ... more Washington (AFP) May 22, 2017Branstad, friend of Beijing, confirmed as US envoy to China Hong Kong (AFP) May 19, 2017Stories of Hong Kong: Hopes and fears on landmark anniversary Beijing (AFP) May 10, 2017China frees human rights lawyer on bail: Amnesty |
Bouake, Ivory Coast (AFP) May 22, 2017
Disgruntled former rebels demanding government compensation payments blocked roads Monday into Ivory Coast's second biggest city, Bouake, as well as into the key northern city of Korhogo, AFP reporters said.
In Bouake, the former fighters blocked the main road south to the Ivorian economic capital, Abidjan, as well as the northern highway to neighbouring Burkina Faso.
"We will not budge, ... more Brazzaville (AFP) May 22, 2017Congo breaks ground on $58 million China-funded parliament building Bouake, Ivory Coast (AFP) May 23, 2017Four killed in I.Coast clashes between ex-rebels and police Pomfret, South Africa (AFP) May 22, 2017Angolan apartheid troops battle to survive in S.Africa |
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Washington DC (UPI) May 22, 2017 Lockheed Martin Aeronautics Corp. has received a $137.8 million contract modification for cost-reduction programs for the initial low-rate production of the F-35 Lightning II Joint Strike Fighter, the Department of Defense announced on May 19.
The work will primarily be performed in Waco, Texas, El Segundo, Calif. and Warton, England, with other work being completed across the United St ... more Shanghai (AFP) May 22, 2017China, Russia launch long-haul challenge to Boeing, Airbus Washington (UPI) May 19, 2017Boeing considering further Super Hornet upgrades Hong Kong (AFP) May 22, 2017Cathay Pacific sacks 600 staff in major shakeup |
Hanoi (AFP) May 22, 2017
Asian trade ministers met Monday to hammer out the terms of a massive China-led pact that has taken centre stage as Washington pulls away from regional free trade deals in favour of bilateral agreements.
The 16-nation Regional Comprehensive Economic Partnership (RCEP) is poised to become the largest free trade agreement in the world, covering about half of its population.
It notably exc ... more Beijing (AFP) May 23, 2017China investigates senior banking regulator Mumbai (AFP) May 18, 2017India's IT industry body slams mass layoff reports Hong Kong (AFP) May 17, 2017Hong Kong firm pays $3bn in record land sale |
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Brussels (AFP) May 23, 2017 Hoping for the best, fearing the worst: EU and NATO leaders are braced for their first meeting with US President Donald Trump on their home turf on Thursday.
The trepidation in Brussels, a city Trump once dubbed a dangerous "hellhole," is palpable as he has up-ended one long-held certainty about US ties after another.
On the campaign trail Trump dubbed NATO - the US-led alliance credite ... more Washington (AFP) May 23, 2017Trump looks to boost defense funding -- but not enough for hawks Beijing (AFP) May 23, 2017China flexes muscle in spy games against US Brussels (AFP) May 23, 2017NATO breaks partnership deadlock over Turkey-Austria dispute |
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Hobart, Australia (SPX) May 23, 2017
The beaches of one of the world's most remote islands have been found to be polluted with the highest density of plastic debris reported anywhere on the planet, in a study published in the prestigious US scientific journal Proceedings of the National Academy of Sciences.
Despite being uninhabited and located more than 5000 kilometres from the nearest major population centre, Henderson Isla ... more Beijing, China (SPX) May 19, 2017Ozone and haze pollution weakens land carbon uptake in China Surrey, UK (SPX) May 18, 2017Cities need to 'green up' to reduce the impact of air pollution Hanoi (AFP) May 15, 2017Vietnam arrests activist as MP resigns over mass fish deaths |
Greenbelt MD (SPX) May 22, 2017
Some NASA missions fundamentally change the world of science or help win Nobel prizes, but only one helps save thousands of lives worldwide every year.
Employees at NASA's Search and Rescue office spend their days advancing systems critical to locating and saving people in distress, whether from an aviation, marine or other outdoor incident. The office is the primary research and developme ... more Washington (AFP) May 23, 2017Trump budget calls for deep cuts to social safety net Los Angeles (AFP) May 24, 2017Massive slide buries stretch of iconic California highway Washington (AFP) May 22, 201758,000 Haitians facing deportation get US extension |
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