Shell CEO Ben van Beurden said Thursday the company was “not spending enough” on its new energies business, particularly in electricity. Speaking to journalists following the release of Q4 earnings, Continue Reading
The amount of electricity generated by low-carbon sources in the UK stalled in 2019, Carbon Brief analysis shows. Low-carbon electricity output from wind, solar, nuclear, hydro and biomass rose by Continue Reading
The French economy unexpectedly contracted in the final quarter of last year as manufacturing output slumped in the face of strikes over an unpopular pension reform, data showed on Friday. Continue Reading
Royal Dutch Shell reported a steep drop in earnings in the fourth quarter, and the financial squeeze may slow the pace of share buybacks and force more asset sales. Shell’s Continue Reading
Crude oil futures were lower in mid-morning trade in Asia Thursday, amid higher US inventories and lurking concerns of poor demand as the coronavirus outbreak continued to spread. At 10:48 Continue Reading
Crude oil headed lower today, reversing a rally after the Energy Information Administration reported a build in oil inventories of 3.5 million barrels for the week to January 24. Analysts Continue Reading
Oil prices were mixed on Wednesday as worries about the coronavirus outbreak and swelling U.S. crude inventories weighed on prices, counter-balanced by talk that OPEC could extend oil output cuts. Continue Reading
One of my energy sector predictions for this year was that oil prices would not drop below $50 a barrel. This may turn out to be the fastest falsified prediction Continue Reading
The emergence of a deadly virus in China could dampen demand for oil for months to come as global health officials try to contain the growing outbreak. More than 50 Continue Reading
OPEC is in discussions to bring forward its scheduled March 5-6 meeting as the oil market continues to be buffeted by the impacts of the coronavirus outbreak. Receive daily email Continue Reading
