Activists, Native Alaskans, and more recently large shareholders have worked to persuade lenders and insurers they were jeopardizing the climate, their investments, and their reputation by underwriting Arctic drilling. SourceContinue Reading

In releasing the highly anticipated document Monday, the Commodity Futures Trading Commission conceded that it might fall short of expectations. But CFTC chairman Heath Tarbert said the agency was trying to be as forthcoming as possible in disclosing what it knows now, calling it an “interim report.” SourceContinue Reading

The nation is grappling with a crisis brought to a head by low oil prices and OPEC+ output cuts. As state coffers dwindle and school teachers go unpaid, the country risks a repeat of upheaval last year that brought down the government and saw hundreds of protesters killed. SourceContinue Reading

The campaign is expected to commence in early 2021, with an estimated firm combined duration of 500 days. The estimated firm total contract value is approximately USD $100MM, including rig upgrades and integrated services provided. SourceContinue Reading

It would seem that to achieve Biden’s net-zero climate change goal would require the U.S. to abrogate its Constitution. SourceContinue Reading

“The lockdown-related fall in emissions is just a tiny blip on the long-term graph,” the UN’s World Meteorological Organization secretary general Petteri Taalas said in a statement. “We need a sustained flattening of the curve.” SourceContinue Reading

Markets broadly rallied after AstraZeneca Plc became the latest company to report a vaccine that protects most people from coronavirus. Vaccinations will “hopefully” start as soon as Dec. 11 or Dec. 12, Moncef Slaoui, head of the American government’s Operation Warp Speed vaccine acceleration program, said on CNN on Sunday. SourceContinue Reading

The Houthis hit a fuel-distribution center in Jeddah on the kingdom’s west coast with a Quds 2 rocket, according to a statement from their spokesman, Yahya Saree. SourceContinue Reading

Officials in Abu Dhabi privately floated the idea last week that the nation could leave OPEC, a highly unusual step that could destabilize oil markets. Energy Minister Suhail Al-Mazrouei later said the UAE “has always been a committed member,” though he didn’t address the country’s future in the cartel. SourceContinue Reading

The rise of China’s refining industry, combined with several large new plants in India and the Middle East, is reverberating through the global energy system. SourceContinue Reading