Crude oil futures fell during mid-morning Asian trade Oct. 20, extending overnight losses, as concerns over the easing of OPEC+ production cuts continued to weigh on markets reeling from a Continue Reading
Oil steadied near $41 a barrel in New York with OPEC+ warning of a precarious outlook for the market as a resurgent virus hits consumption. Saudi Arabia’s Energy Minister Prince Continue Reading
Oil was steady before an OPEC+ meeting to assess the state of the market as demand comes under pressure once again from a resurgent coronavirus. (Bloomberg) — Oil was steady Continue Reading
Oil edged lower on Monday, weighed by concerns over surging coronavirus cases globally and by Libya’s plan to boost output, but hopes for a U.S. fiscal package lent some support. Continue Reading
Oil prices are not expected to rise much next year, and will stay in the $40-50 a barrel range, putting additional pressure on the oil exporters in the Middle East, Continue Reading
More than half of workers around the world are worried about losing their jobs, according to a survey measuring labor-market insecurity wreaked by the coronavirus crisis. The poll of 12,430 people for the Continue Reading
In a year marked by huge spending cuts across the oil and gas industry amid urgently revised budgets and slashed investments, some analysts are now expecting a light at the Continue Reading
The low costs of renewable energy that have enabled the world to reduce greenhouse-gas emissions over the past decade are continuing to fall, which is welcome news for the effort Continue Reading
Wind and solar power are the cheapest form of new electricity in most of the world today. That’s the analysis of BloombergNEF, which predicts a tipping point in five years when Continue Reading
The coronavirus pandemic has pushed nearly all Mideast nations into the throes of an economic recession this year, yet some rebound is expected as all but two — Lebanon and Continue Reading
Both blue and green hydrogen could both play a key role in the energy transition, but challenges remain before commercial viability can be achieved, an equity analyst said Oct. 19. Continue Reading
The OPEC+ member countries are on the brink of a financial crisis if the latest assessments of the International Monetary Fund (IMF) are accurate. The IMF has presented a very Continue Reading
Iran has decided to use local firms to develop a large offshore natural gas field, which was discovered by an Indian company and set to be developed by a group Continue Reading
Following the end on the 18 th of October of the 13-year United Nations’ embargo on Iran buying or selling weapons, the roll-out of the military component of the 25-year Continue Reading
Iraq expects global oil demand to grow at a pace of 3% a year in 2023, and OPEC’s second largest oil producer does not plan to cancel projects due to Continue Reading
There’s nothing quite like the feeling of uncertainty and dread right in the moments before a disaster of gargantuan proportions unfolds in front of our eyes. We might be living Continue Reading
Japan will release a million tons of water used in the Fukushima nuclear power plant into the sea, the BBC has reported , citing Japanese media. The reports add that Continue Reading
ConocoPhillips is breaking with its U.S. oil peers by aiming to eliminate carbon emissions from its operations and power providers by the middle of the century. Taking a page from the book Continue Reading
The government of Venezuelan President Nicolas Maduro is approaching some of the nation’s creditors in a bid to lay the groundwork for a debt deal should sanctions ease after next Continue Reading
ConocoPhillips agreed to buy Concho Resources Inc. for about $9.7 billion in stock, the largest shale industry deal since the collapse in energy demand earlier this year and one that Continue Reading
Renewable energy consumption in the United States continued to rise for the fourth year in a row in 2019, with wind energy and wood and waste energy each accounting for Continue Reading
While Joe Biden has been busy speaking out of both sides of his mouth about what his position on fracking would be, if elected, another revelation has come to light: Continue Reading
Halliburton Company ( NYSE: HAL ), the largest fracking services provider in North America, sees activity across the shale patch stabilizing as it reported another net loss this year due Continue Reading
Highlights Completes $1 billion cost-reduction plan Expects US shale sector to ‘slim down’ Committed to oil and gas operations New York — Halliburton is looking to expand its international market Continue Reading
I don’t know who’ll prevail in the U.S. election. But one thing we can probably all agree on is that incumbent leader President Donald Trump has had an extraordinary impact Continue Reading
Wales became the second nation in the United Kingdom to lock down large swaths of its economy to combat rising coronavirus infections, even as British Prime Minister Boris Johnson on Continue Reading
Bars and restaurants across Belgium shut down for a month and a night-time curfew took effect Monday as health authorities warned of a possible “tsunami” of new virus cases in Continue Reading
Poland has agreed to spend $18 billion on US nuclear technology and services to help it break its reliance on Russian pipeline gas for use in generating electricity, Energy Secretary Continue Reading
French nuclear generation ramped up to 41 GW on Oct. 19 as more reactors returned to service after maintenance, lifting average output by 12 GW over the past four weeks, Continue Reading
Ireland and Wales imposed stringent lockdowns and Italy’s financial center is planning a curfew, as Europe steps up efforts to regain control of the coronavirus pandemic. In Germany, tensions rose with Continue Reading
Crude futures were rangebound during mid-morning trade in Asia Oct. 19, as fundamentals in the oil markets were stable. At 10.20 am Singapore time (0220 GMT), ICE Brent December crude Continue Reading
Oil prices fell on Monday after China’s third-quarter economic growth rose came in weaker than expected, underscoring concerns that surging coronavirus cases globally are impacting the demand in the world’s Continue Reading
Oil was steady near $41 a barrel in New York before an OPEC+ meeting to assess the state of the market as demand comes under pressure once again from a Continue Reading
Global coronavirus cases rose by more than 400,000 for the first time late on Friday, a record one-day increase as much of Europe enacts new restrictions to curb the outbreak. Continue Reading
JP Morgan pledged to help clients align their business with Paris Agreement emission targets. HSBC announced up to $1 trillion in green energy funding. An investor group worth $20 trillion Continue Reading
China is about to show the world that its economy is pulling further out of the chasm created by the coronavirus, setting it apart from other nations struggling to avoid Continue Reading
The past few years have been historic for as far as crude oil forecasts are concerned. Back in 2015 the view that crude oil demand could peak during the 2020s Continue Reading
When OPEC and its allies met last month, Saudi Arabia’s energy minister dared oil speculators to test his determination to stabilize global markets. Now that a resurgent pandemic is threatening demand once Continue Reading
Saudi Aramco and Saudi Basic Industries Corporation (SABIC) have decided to reevaluate their crude-oil-to-chemicals project in Yanbu on the kingdom’s west coast, according to an Oct. 18 statement on the Continue Reading
Turkey has added a further 85 Bcm to the size of the reserves at its giant Black Sea Sakarya gas field, bringing the total to 405 Bcm. Not registered? Receive Continue Reading
Saudi Aramco and Saudi Basic Industries Corp. will re-evaluate a planned $20 billion crude-to-chemicals plant as they seek to cut spending and as the oil company tries to preserve its Continue Reading
Residents on the Yemeni island of Socotra have reportedly resorted to logging due to a shortage of domestic gas, heightening fears of its impact on the island’s unique biodiversity. Al-Mahriya Continue Reading
A new ceasefire in the mountain enclave of Nagorno-Karabakh appeared to be in jeopardy on Monday, with ethnic Armenian forces and Azerbaijan accusing each other of renewed shelling. The ceasefire Continue Reading
China has played a significant role in supporting global oil demand recovery in recent months by importing its highest-on-record crude volumes since May. Customs import data from the world’s top Continue Reading
China’s recovery from the coronavirus pandemic continued in the third quarter and showed signs of broadening in September as consumer spending accelerated, keeping the economy on track to be the Continue Reading
China’s economic recovery accelerated in the third quarter as consumers shook off their coronavirus caution, although the weaker-than-expected headline growth suggested persistent risks for one of the few drivers of Continue Reading
China’s economic recovery from the pandemic slump is broadening out, with data on Monday showing stronger growth in manufacturing and consumer spending. Here’s a look behind the headline numbers to see Continue Reading
Chinese officials said Monday that gross domestic product expanded by 4.9% in the third quarter from a year earlier, putting China’s economy back toward its pre-coronavirus trajectory half a year Continue Reading
As most of the world still struggles with the coronavirus pandemic, China is showing once again that a fast economic rebound is possible when the virus is brought firmly under Continue Reading
Debris lies scattered around the destroyed upper-level apartment of David Frantz and Pamela Elliott at the Westdale Court apartments in Cedar Rapids, Iowa, on Aug. 16. (KC McGinnis for The Continue Reading
