The Russian Far East saw the highest ever coal unloading volumes set this week at terminals in the Vladivostok region, Russian Railways said Tuesday. Receive daily email alerts, subscriber notes Continue Reading
The developer of the 55 Bcm/year Nord Stream 2 gas pipeline from Russia to Germany continued to push its case for a derogation from new EU rules on non-EU gas Continue Reading
German business confidence collapsed the most in three decades after restrictions to slow the spread of the coronavirus forced mass closures of companies and stores across Europe’s largest economy. The slump Continue Reading
Crude futures were higher in mid-morning trade in Asia Tuesday as the possibility of a joint US-Saudi oil alliance to stabilize prices emerged. At 09:46 am Singapore time (0146 GMT), Continue Reading
Oil prices rose slightly on Monday, but the oil markets are still in full-blown panic mode as the number of American states in complete lockdown grows, threatening demand for crude Continue Reading
Oil clawed back some gains after plunging 29% last week as the U.S. signaled the possibility of a joint U.S.-Saudi Arabia alliance to stabilize prices. Futures in New York rose 3.2% Continue Reading
Oil prices extended their decline on Monday, with record low U.S. gasoline prices leading the energy complex lower, as the coronavirus pandemic crushes demand worldwide after travel and industrial activity Continue Reading
Gasoline futures in New York fell as much as 13 percent to $0.50 a gallon, the lowest level since the current contract started trading in 2005. Source: Bloomberg The previous Continue Reading
Right after Saudi Arabia-led OPEC and Russia broke up their pact to keep oil supply and prices in check, some in the U.S. oil industry were optimistic that oil prices Continue Reading
The wave of oil industry spending cuts continues, with the majors now announcing significant reductions to spending as oil remains stuck in the $20s. Royal Dutch Shell said on Monday Continue Reading
