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Oil prices mixed on trade strains and production gains![]() Washington (UPI) May 29, 2018 Major crude oil benchmarks were spread by as much as 2 percent in early Tuesday trading as trade uncertainty balanced an expected increase in production. Russian Energy Minister Alexander Novak said last week that parties to an effort steered by the Organization of Petroleum Exporting Countries may pull back from over-compliance in the second half of the year. Participating players, of which Russia is the largest non-OPEC member, are doing more than they need to under the terms of an agreement ... read more |
Even as first driving bans hit, Germany still clinging to dieselFrankfurt, Germany (AFP) May 30, 2018 Hamburg will on Thursday become the first German city to ban older diesel vehicles from some highly polluted roads as public confidence in the once-loved technology goes up in smoke. ... more
Pioneering oil and gas work begins offshore LebanonWashington (UPI) May 29, 2018 The first effort to pull oil and gas from the waters off the coast of Lebanon began Tuesday, less than a year after bids, the country's energy minister said ... more
Revenue jumps from Russian oil producer Gazprom NeftWashington (UPI) May 29, 2018 Russian oil producer Gazprom Neft said its first quarter revenue jumped 14.5 percent year-on-year, while production increased 1.1 percent. ... more
Brazil cuts fuel prices amid strikesWashington (UPI) May 29, 2018 The price of diesel in Brazil will be reduced for the next 60 days in an effort to bring striking truck drivers back to work, the nation's president said. ... more |
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| Previous Issues | May 29 | May 28 | May 27 | May 25 | May 24 |
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New production expected from Norwegian watersWashington (UPI) May 25, 2018 Norwegian energy major Equinor, formerly Statoil, said it signed a multi-million dollar agreement to drill six new production wells in the North Sea. ... more
U.S. energy sector braces for hurricane seasonWashington DC (UPI) May 25, 2018 While offshore segments were spared, the U.S. energy sector could be in for a rough year with forecasters expecting an above-normal hurricane season. ... more
Shale gas no panacea, U.N. report findsWashington DC (UPI) May 25, 2018 Shale natural gas serves as a bridge to a low-carbon economy, but it's still a fossil fuel that could contribute to climate risks, a U.N. report round. ... more
Canadian court shoots down Trans Mountain challengesWashington DC (UPI) May 25, 2018 The expansion of the Trans Mountain oil pipeline will proceed because of its record of resilience in the courts, the premier of oil-rich Alberta said. ... more
Russia shares oil market view with Saudi ArabiaWashington (UPI) May 24, 2018 Russia shares many of the same positions of Saudi Arabia when it comes to decision-making about the global oil market, the country's energy minister said. ... more |
![]() No easy fix to higher gas prices in United States
Economic, trade concerns drag oil prices lowerWashington (UPI) May 24, 2018 European concerns about broad-based economic volatility and fretting over supply-side shocks helped send crude oil prices sharply lower early Thursday. ... more |
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Europe tries to correct Gazprom's behaviorWashington (UPI) May 24, 2018 Russian energy company Gazprom is obliged to address concerns about the price of natural gas for some regional markets, the European government said. ... more
Possibility opens for LNG exports from CanadalWashington (UPI) May 24, 2018 While formerly on the shelf, a pipeline that could feed a liquefied natural gas terminal in British Columbia can proceed, federal regulators said. ... more
Upstream efforts put North Sea find closer to productionWashington (UPI) May 23, 2018 A rig contract to explore parts of a North Sea discovery could put it one step closer to production at the start of the decade, an oil and gas company said. ... more
U.S. energy dominance might not translate to market influenceWashington (UPI) May 23, 2018 U.S. oil and natural gas abundance has a positive impact on the global energy market, but it doesn't move the market itself, a Brookings scholar testified. ... more
Mixed sentiment on British offshore licensing roundWashington (UPI) May 23, 2018 The British government declared success in its latest offshore auction, but the devil may be in the details given the prospects for production declines. ... more |
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'Deforestation-free' palm oil not as simple as it sounds London UK (SPX) May 29, 2018
Genuinely 'deforestation-free' palm oil products are problematic to guarantee, according to a new study.
Palm oil is a vegetable oil that is used in thousands of products worldwide, including an estimated 50% of all products on supermarkets shelves, from food to detergents to cosmetics.
Although growing palm trees requires less land and resources than traditional vegetable oils, the ... more |
Black Bear Energy And Usaa Real Estate Announce 2.4 Megawatt New Jersey Solar Project Boulder CO (SPX) May 25, 2018
Black Bear Energy, the leading owner's representative for onsite renewables, and USAA Real Estate has announced that construction will start this month on a 2.4 megawatt (MW) solar array in Cranbury, New Jersey.
The rooftop project will host onsite renewable solar facilities, creating both financial and environmental value for the asset.
Black Bear Energy facilitated the project, and ... more |
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U.S. Atlantic states eye offshore wind leadership Washington (UPI) May 24, 2018
Several governors in U.S. states said they're taking the initiative in building up national recognition for leadership in renewable energy.
"We're taking another step forward in rebuilding New Jersey's reputation as a leader in the development of clean energy sources while fulfilling a critical promise to foster our state's energy future," New Jersey Gov. Phil Murphy, a Democrat, said i ... more |
France: Framatome to supply EDF with Enriched Reprocessed Uranium fuel assemblies Paris, France (SPX) May 29, 2018
Framatome will be designing, fabricating and supplying EDF with fuel assemblies using enriched reprocessed uranium* (known as "ERU")over the period 2023 to 2032 (1).
These fuel assemblies, set to be manufactured at Framatome's plant in Romans-sur-Isere (Drome, France), will be destined for a number of nuclear reactors - belonging to EDF's fleet in operation - authorized to use them.
... more |
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Invisible barrier on ocean surface can reduce carbon uptake Exeter UK (SPX) May 30, 2018
An invisible layer of biological compounds on the sea surface reduces the rate at which carbon dioxide gas moves between the atmosphere and the oceans, scientists have reported.
Scientists from Exeter, Heriot-Watt and Newcastle universities published their research in the journal Nature Geoscience, and say the findings have major implications for predicting our future climate.
The wo ... more |
Britain's supply of electric cars at risk from Brexit: think-tank Brussels (AFP) May 28, 2018
Britain risks a shortage of electric cars after Brexit as carmakers will lose an incentive to sell low-emission vehicles there, a Brussels-based think-tank warned.
Because British sales will no longer count towards carmakers' EU carbon dioxide targets, they may choose to sell to other European countries instead, the Transport and Environment (T&E) group warned.
Britain was the third larg ... more |
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Spirit of Ramadan returns to Iraq's IS-free Mosul Mosul, Iraq (AFP) May 29, 2018
Under the cover of night in the Iraqi city of Mosul, Rayan and Ali break the silence by drumming to announce suhur, the pre-dawn breakfast during the holy month of Ramadan.
The Islamic State (IS) group which controlled the city for three years before its ouster last July had banned drumming, along with other Ramadan traditions that make up the festive spirit of the dawn-to-dusk fasting month ... more |
Top North Korean to meet Pompeo ahead of US summit Washington (AFP) May 29, 2018 A senior North Korean official was bound for New York for high-level talks with US officials on Tuesday as preparations for a historic nuclear summit between Donald Trump and Kim Jong Un gathered pace.
General Kim Yong Chol, vice chairman of the central committee of the Workers' Party and right-hand man to Kim, will meet US Secretary of State Mike Pompeo in New York on Wednesday or Thursday, ... more |
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Chinese police handling of teacher protest sparks fury; Merkel met wives of jailed China lawyers Beijing (AFP) May 28, 2018 Police in central China have come under fire on social media over their handling of a protest by teachers demanding unpaid performance bonuses, the latest in a series of reported demonstrations by educators.
The public security bureau in Lu'an, a small town in Anhui province, said it launched an investigation into allegations that officers beat some of the teachers during Sunday's demonstrat ... more |
Help wanted: UN mission struggles in troubled C. Africa Libreville (AFP) May 30, 2018
Six months ago, the UN Security Council agreed to send an additional 900 troops to the Central African Republic (CAR), reinforcing one of its biggest peacekeeping missions in one of the world's most dangerous countries.
So far, just 400 have arrived - a worrying sign of the problems that the UN mission, known by its French acronym MINUSCA, is having in coaxing countries into sending men to ... more |
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Army contracts Lockheed for PAC-3 ground, test support Washington (UPI) May 23, 2018 The U.S. Army has awarded a $46.6 million contract modification to Lockheed Martin for support on upgrades to the Patriot PAC-3 anti-ballistic missile launcher.
The Maryland-based company will conduct ground and flight test support on the machinery in Dallas, Texas, according to the U.S. Defense Department. Lockheed Martin is expected to finish work by April 2022.
Lockheed was ob ... more |
White House moves to finalize China trade sanctions Washington (AFP) May 29, 2018
President Donald Trump said Tuesday he is moving to finalize trade sanctions against China even as a US delegation is set to travel to Beijing for talks to resolve the dispute.
The White House said the planned sanctions announced in March, largely focused on China's theft of American intellectual property, were still in the works and details would be announced in the coming month.
It was ... more |
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Russia not into American regional games Washington (UPI) May 29, 2018 From increasing sanctions pressure to energy leverage, the Kremlin has the impression Washington is up to political games in the region, an aide said.
Speaking at the start of the year, Polish Defense Minister Mariusz Błaszczak said he was expecting more U.S. troops in a country on the edge of the Russian sphere of influence.
"I guarantee that this presence could be a success no ... more |
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Quake helps clear the blackened air over Nepal's brick kilns Kathmandu (AFP) May 30, 2018
Below skies darkened by thick black smoke, hundreds of thousands of brick kiln workers endure back-breaking labour and suffocating heat working in almost medieval conditions across South Asia.
But in one corner of the region, the need to rebuild after Nepal's devastating 2015 earthquake has presented an unexpected opportunity.
While much work remains to be done in improving working condi ... more |
China floods to hit US economy: Climate effects through trade chains Potsdam, Germany (SPX) May 29, 2018
Intensifying river floods could lead to regional production losses worldwide caused by global warming. This might not only hamper local economies around the globe - the effects might also propagate through the global network of trade and supply chains, a study now published in Nature Climate Change shows.
It is the first to assess this effect for flooding on a global scale, using a newly d ... more |
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