Oil prices fall after US calls on OPEC+ to boost production
Oil dropped suddenly after the US called on the OPEC+ alliance to revive production more quickly.
Joe Biden
Westโs energy transition narrative ignores the reality in Asia
BPโs latest review of energy use has been presented as positive developments in carbon reduction. However, the facts remain that fossil fuels continue to provide most of the worldโs energy needs and that developing Asia is driving demand.
Oil price looms over Biden bid to throttle drilling rights sales
The Biden administration is preparing to release a blueprint for limiting sales of US drilling rights that falls short of the outright ban sought by some environmentalists, as the rising oil and gasoline price highlight the risks of curtailing domestic crude production.
Biden oil leasing ban is up in air after GOP foes win in court
President Joe Bidenโs plans to curtail fossil fuels hit an early roadblock Tuesday, when a federal judge ruled against the administrationโs temporary ban on selling new drilling rights on federal lands and waters.
FoE wins review on UKEFโs Mozambique LNG support
The UK government will face questions in court over the legality of its support for Mozambique LNG, following a win for Friends of the Earth (FoE).
World leaders set for virtual summit as US seeks climate action
World leaders will take part in a virtual global summit on climate change this week as US President Joe Biden leads a new push to cut emissions.
Biden plots vision of thousands of wind turbines spinning at sea
The Biden administration is outlining ambitions to dramatically boost offshore wind power in the U.S. by 2030, pushing to drive construction of projects at sea capable of generating enough electricity for more than 10 million American homes.
Big Oil: Time for a spin-off?
With Covid-19 continuing to impact the profitability of the supermajors, Ano Kuhanathan, sector advisor at trade credit insurer, Euler Hermes, argues that now is the time for the supermajors/Big Oil to start spinning off their renewables divisions.
Hydrogen is โjump ballโ in global clean-energy race, Kerry says
The U.S. oil and gas industry should embrace โhuge opportunitiesโ in producing and transporting hydrogen, with the potential for that cutting-edge energy source to fuel long-haul trucks and supply power globally, presidential climate envoy John Kerry said Tuesday.
Death of Keystone XL sparks rush to ship oil-sands crude by rail
US President Joe Bidenโs decision to cancel the Keystone XL pipeline is sparking renewed interest in shipping Canadian oil-sands crude by rail, and that comes with its own environmental risks.
SECโs sympathy with Big Oil will test Biden Administrationโs climate credibility
Now that Biden has committed to shifting from fossil fuels, the incoming chairman of the Securities and Exchange Commission, Gary Gensler, must decide whether Big Oil are exempt from basic principles of shareholder democracy.
Biden signals US shift from financing fossil fuels globally
US President Joe Biden has signed an executive order to tackle climate change, as part of which the US will move away from funding fossil fuel-based energy internationally.
Keystone XL Pipeline, canceled by Biden, may yield 48,000 tonnes of scrap
The scrapping of the Keystone XL pipeline by Joe Biden not only means the end of multibillion-dollar pipe dream for TC Energy Corp. -- it also leaves behind 48,000 tons of steel.
Iran says itโs reviving oil output to pre-sanctions levels
Iran has started ramping up its oil production and expects to reach pre-sanctions levels in one to two months, Deputy Oil Minister Amir Hossein Zamaninia said.
UAE eager to build bridges to Biden admin
The day before US President Joe Biden was inaugurated in Washington DC, Adnocโs CEO was speaking in support of the ties that bind the two.
Oil dips with dollar rising as rally takes a breather
Oil edged lower as the dollar strengthened, with the steam coming out of a rally that pushed crude to the highest level in 10 months.
Saudi, Qatar rulers embrace at Gulf summit as borders reopen
Qatarโs ruler landed in Saudi Arabia on Tuesday to a warm embrace from host Crown Prince Mohammed bin Salman, hours after their nations re-established travel ties and eased a longstanding regional dispute.
Expect any Biden climate plan to have big impact on energy sector
The Joe Biden climate plan, Energy sector experts breakdown what to expect as the new US President looks to change the country's climate change stance.
Biden administration could encourage โmore predictableโ pipeline of offshore wind developments
A leading industry expert is expecting a โrapidโ uptake in renewable projects in the US post-election as the new administration makes good on its clean energy pledges.
Oil rises to $45 a barrel in London for first time in 10 weeks
Oil rose to $45 a barrel in London for the first time in 10 weeks as an apparent drop in U.S. crude stockpiles added to the rally driven by a vaccine breakthrough.
Shell wants Biden to reverse methane emissions rollback
Shell will push for the reversal of President Donald Trumpโs rollback of methane emissions rules and the introduction of carbon pricing when Joe Biden moves into the White House next year.
U.S. climate reversal will see Biden join worldโs green momentum
President-elect Joe Biden plans to push for the most progressive climate policy the U.S. has ever had, aligning the worldโs second-largest carbon emitter with a growing group of nations aggressively tackling global warming.
Biden win may curb US oil drilling, super-charge renewables
Bidenโs victory could end up reshaping the US energy sector in years to come, although the president-elect may have limited room to maneuver given that control of the Senate remains unclear.
Trumpโs Iran policy can be an opportunity for Biden
The next U.S. president will have to come to terms with โthe will of the Iranian peopleโ and end the economic war against the Islamic Republic, Iranian President Hassan Rouhani said in a speech Thursday. Bluster aside, there is a kernel of truth to his prediction โ and President Donald Trumpโs Iran policy may make negotiations easier for President-elect Joe Biden.
Whatโs ahead under President Biden, industry by industry
Now that the campaigning is over, the work begins for Joe Biden to start making good on the policy changes he promised. Hereโs a breakdown of how a Biden presidency may affect some two dozen U.S. industries and what might rise to the top of his agenda as he takes over from Donald Trump in January. A few giant tech companies -- practically industries unto themselves -- are included for good measure.