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Month: February 2020

Category:
  • Italy
  • Peak Oil

Eni plans oil, gas production ‘plateau’ in 2025 under energy ‘evolution’

Highlights Sees gas making up about 85% of total production in 2050 Eni targets 80% cut in net GHG emissions by 2050 To convert all Italian refineries to biorefining sites Continue Reading

Posted On : 29 Feb 2020 Published By : Tom Whipple
Category:
  • North Sea
  • Wind

Total Shortlisted For $7 Billion Wind Project

Total is among the shortlisted bidders for an offshore wind power project that has been estimated to cost some $7 billion, Bloomberg reports , citing unnamed sources in the know. Continue Reading

Posted On : 29 Feb 2020 Published By : Tom Whipple
Category:
  • Prices

Oil retains downtrend as demand worsens amid COVID-19

Crude oil futures remained lower in mid-morning trade in Asia Friday as indications of worsening demand emerged amid the growing COVID-19 spread outside China.  At 11:01 am in Singapore (0301 Continue Reading

Posted On : 28 Feb 2020 Published By : Tom Whipple
Category:
  • Prices

Oil prices dive to lowest in over a year on coronavirus fears

Oil prices tumbled for a fifth day on Thursday to their lowest in more than a year, as further novel coronavirus cases outside China fanned fears that a pandemic could Continue Reading

Posted On : 28 Feb 2020 Published By : Tom Whipple
Category:
  • Prices

Coronavirus crash wipes $5 trillion off world stocks

Coronavirus panic sent world share markets crashing again on Friday, compounding their worst week since the 2008 global financial crisis and bringing the wipeout in value terms to $5 trillion.  Continue Reading

Posted On : 28 Feb 2020 Published By : Tom Whipple
Category:
  • Prices

Coronavirus Fears Drive Stocks Down for 6th Day and Into Correction

Jeenah Moon for The New York Times The global stock market slid for the sixth straight day on Thursday, as the S&P 500 index plunged to its worst loss in Continue Reading

Posted On : 28 Feb 2020 Published By : Tom Whipple
Category:
  • Prices

Oil Market Meltdown Sends Energy Stocks Crashing

The market meltdown continued on Thursday, with stocks across the board in retreat. Oil prices were down more than 4 percent in early trading, falling to their lowest levels in Continue Reading

Posted On : 28 Feb 2020 Published By : Tom Whipple
Category:
  • coronavirus

No country will be spared, warn experts, as fight against coronavirus ramps up

No country should make the “fatal mistake” of assuming it will be spared the coronavirus, the World Health Organization said on Thursday, as governments from Iran to Australia raced to Continue Reading

Posted On : 28 Feb 2020 Published By : Tom Whipple
Category:
  • coronavirus

Coronavirus fear grips stocks, oil; Treasury yields touch record low

Stocks across the globe and oil prices continued to tumble on Thursday and U.S. Treasury yields hit record lows as traders fretted over the economic impact of the spreading coronavirus.  Continue Reading

Posted On : 28 Feb 2020 Published By : Tom Whipple
Category:
  • coronavirus

Coronavirus spreads in three continents; markets brace for global recession

Countries on three continents reported their first cases of the coronavirus on Friday as the world prepared for a pandemic and investors dumped equities in expectation of a global recession. Continue Reading

Posted On : 28 Feb 2020 Published By : Tom Whipple

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