Chevron cuts 2020 Permian production, capex guidance by 20%
Chevron is cutting both its guidance for shale production from the US Permian Basin and its capital spending this year by 20% in response to the oil price collapse, it Continue Reading
Cheap Gasoline Forcing US Refiners to Throttle Back
Oil refiners across the U.S. are being forced to throttle back operations amid a historic plunge in gasoline demand and prices. Plants representing more than 10% of U.S. fuel-making capacity Continue Reading
Occidental Petroleum Cuts Pay for Staff, Executives
Occidental Petroleum Corp. is cutting salaries for its U.S. employees by up to 30% in a bid to slash expenses, according to an internal email reviewed by The Wall Street Continue Reading
How Far Will Trump Go To Save U.S. Shale
The U.S. is today showing signs of increased desperation as oil prices sink to levels that may pose a threat to the energy independence of the United States by kicking Continue Reading
What Happens If U.S. Shale Goes Bust?
This month has seen a spectacular oil price crash the likes of which we haven’t seen in decades. The last time we had since a single day oil price drop Continue Reading
Researchers move closer to faster-charging Li-ion batteries; real-time tracking of Li ions in LTO
A team of scientists led by the US Department of Energy’s (DOE) Brookhaven National Laboratory and Lawrence Berkeley National Laboratory has captured in real time how lithium ions move in Continue Reading
A Plant in Florida Emits Vast Quantities of a Greenhouse Gas Nearly 300 Times More Potent Than Carbon Dioxide
A chemical plant owned by Houston-based Ascend Performance Materials emitted 33,046 metric tons of nitrous oxide in 2018. That’s equal to the annual greenhouse gas emissions of 2.1 million automobiles. Continue Reading
Russian official questions Vladimir Putin’s coronavirus data
Russia’s official data showing a low rate of infections caused by the novel coronavirus underestimate the real scale of the disease outbreak in the country, a senior Russian official has Continue Reading
Moscow’s coronavirus outbreak much worse than it looks, Putin ally says
The mayor of Moscow told President Vladimir Putin on Tuesday that the number of coronavirus cases in the Russian capital far exceeded the official figures, as Putin donned a protective Continue Reading
Italian coronavirus cases seen “10 times higher” than official tally
The number of coronavirus cases in Italy is probably 10 times higher than the official tally, the head of the agency collating the data said on Tuesday as the government Continue Reading