The closures of schools, factories and offices to prevent spread of the coronavirus will “profoundly impact” the U.S. power sector, according to BloombergNEF. Already in New York, electricity use dropped about Continue Reading
The President of the United States has the power, at his sole discretion without any other authority, to place a fee on imported oil or products. It becomes variable when Continue Reading
Baker Hughes reported that the number of oil and gas rigs in the US fell again this week by 44, falling to 728, with the total oil and gas rigs Continue Reading
The collapse in oil prices has left many US oil and gas producers teetering on financial ruin, moving federal and state policymakers to take actions aimed at blunting the impact Continue Reading
NASA has released a series of concept images of the all-electric X-57 Maxwell airplane ( earlier post ), showcasing aspects of its final Mod IV configuration during different flight modes. Continue Reading
Only the old hands at the Coffeyville oil refinery could remember anything like the prices posted this month. The small Kansas plant in the heart of rural America was offering Continue Reading
President Trump ordered General Motors Co. to sharply ramp up the production of ventilators to treat coronavirus patients, turning to a wartime presidential power that he had been reluctant to Continue Reading
The Trump administration is preparing to suspend collection of import tariffs for three months to give U.S. companies financial relief amid the coronavirus pandemic, according to administration officials. “Customs duties Continue Reading
As Jerry Ed Roth prepared for heart surgery this month, doctors told the former theater director that the procedure might buy him a couple extra years for his life. Late Continue Reading
A second wave of coronavirus cases is charting a path far from coastal Washington State, California, New York and New Jersey, and threatening population centers in America’s middle. Emerging hot Continue Reading
Electric Reliability Council of Texas wholesale spot power prices have jumped higher than the five-year March average high as parts of the state hit 90-degree weather more than a month Continue Reading
Brussels has rejected UK government claims that an “initial communication problem” meant that Britain missed out on participating in the joint procurement of ventilators, insisting that the UK was fully Continue Reading
The death toll from an outbreak of coronavirus in Italy has surged by 919 to 9,134, the Civil Protection Agency said on Friday, easily the highest daily tally since the Continue Reading
Air pollution in some of Europe’s major cities has dropped dramatically since governments ordered citizens to stay home to contain the spread of the novel coronavirus. Readings from the Copernicus Sentinel-5P Continue Reading
The coronavirus pandemic has given Russian President Vladimir Putin a fresh opportunity to drive home for worried Russians a recurring theme of his long reign: Western liberal democracies are weak, Continue Reading
Parks are closing across the country but many Russians are not sure what all the fuss is about Russia is beginning what Vladimir Putin called a “non-working week”, to try Continue Reading
Oil was buoyed by a wider risk rally driven by monetary and fiscal responses to the coronavirus to head for its first weekly gain in five, despite a continued deterioration in Continue Reading
Oil prices dropped more than $1 a barrel on Thursday as a growing number of virus-related restrictions on travel slashed global fuel demand, overshadowing expectations that a $2 trillion U.S. Continue Reading
Oil resumed its decline after the head of the International Energy Agency warned global demand was in ‘free fall’ as coronavirus lockdowns wreak havoc on consumption while major producers pump Continue Reading
When Saudi Arabia kicked off its oil-price war and triggered the worst crude crash in a generation, U.S. President Donald Trump lauded the ensuing decline in pump prices, saying it would be Continue Reading
Oil resumed its decline after the head of the International Energy Agency warned global demand was in ‘free fall’ as coronavirus lockdowns wreak havoc on consumption while major producers pump Continue Reading
The global spread of the coronavirus will cause oil demand to drop by roughly 20 million b/d to about 80 million b/d this year, Fatih Birol, executive director of the Continue Reading
Global oil demand could fall by about 20 million barrels per day , EIA’s Executive Director, Fatih Birol said in a Thursday press briefing, according to Bloomberg. As 3 billion Continue Reading
Global oil demand could plummet by 18.7 million bpd in April, deepening an expected demand plunge of 10.5 million bpd for March, Goldman Sachs said, while the coronavirus pandemic continues Continue Reading
With only a week to go before OPEC+ countries start flooding the world’s total oil production with an estimated extra 2.5 million barrels per day (bpd) amid the Covid-19 crisis, Continue Reading
The world is awash in crude oil, and is slowly running out of places to put it. Massive, round storage tanks in places like Trieste, Italy, and the United Arab Continue Reading
We warned last week that oil has a storage problem, which could translate to permanent production capacity shutdowns. On Thursday, Goldman’s commodities research team, headed by Damien Courvalin, offered some Continue Reading
“In China we had a supply shock, a production shortage from closed factories and reduced truck numbers,” Jeremy Nixon, chief executive of Japan’s Ocean Network Express, the world’s sixth biggest Continue Reading
The international oil market is composed of two types of companies: International Oil Companies (IOC) and National Oil Companies (NOC). The former are Western firms with their origin often linked Continue Reading
With the oil price war between Saudi Arabia and Russia showing no signs of relenting, some analysts are now warning that the standoff could extend much longer. Saudi policy now Continue Reading
Just a month ago, companies and investors had a financial incentive to continue investing in new oil and gas projects despite the societal and environmentalist backlash against fossil fuels. Not Continue Reading
The only operating offshore wind farm in the U.S. is the Block Island Wind Farm, located off the shore of Rhode Island. Credit: Don Emmert/AFP via Getty Images Inside Clean Continue Reading
Oil prices crashed on Monday when the US Senate failed to reach a deal on the Stimulus Bill over the weekend. The idea was to quickly pass legislation that would Continue Reading
Many refiners in Europe and the U.S. are refusing to take more Saudi crude being offered at cut-rate prices, according to Saudi officials and oil traders, threatening the sustainability of Continue Reading
The US on Thursday again extended a waiver allowing Iraq to import Iranian electricity and natural gas despite US sanctions, Morgan Ortagus, a State Department spokeswoman, said in a statement. Continue Reading
Saudi Arabia has promised a flood of cheap oil to Europe as it aims to hit its former ally Russia in its own backyard, but it looks like demand for Continue Reading
With only 709 confirmed coronavirus cases as of March 25, South Africa may be lagging a few weeks behind the outbreaks now unfolding in Europe and North America. But when Continue Reading
The U.S. government on Thursday indicted Venezuelan President Nicolas Maduro and more than a dozen other top Venezuelan officials on charges of “narco-terrorism,” the latest escalation of the Trump administration’s Continue Reading
Venezuela is looking to shut in some of its still-operational oil wells as oil buyers prove increasingly hard to find at a time when oil demand worldwide is plunging and Continue Reading
Pyongyang has secretly asked for international help to increase coronavirus testing in North Korea as the pandemic threatens to cripple its fragile healthcare system. After reports of the outbreak emerged from Continue Reading
Residents of China’s Xianning city eager to travel after a two-month lockdown faced an unexpected hurdle only hours after the borders were opened — they needed to pass a new Continue Reading
Chinese President Xi Jinping told U.S. President Donald Trump during a phone call on Friday that he would have China’s support in fighting the coronavirus, as the United States faces Continue Reading
The world’s net capacity additions of coal-fired power generation rose in 2019 for the first time since 2015, due to a surge in the Chinese coal fleet, a new report Continue Reading
Japanese refiners are preparing to maintain their supply of oil products and refining operations even if Tokyo imposes a citywide lockdown to combat a spike in coronavirus cases, company and Continue Reading
The 1918 flu hit the United States in three waves — a mild outbreak in the spring, the deadliest wave in the fall and a final spike when the virus Continue Reading
The 1918 flu hit the United States in three waves — a mild outbreak in the spring, the deadliest wave in the fall and a final spike when the virus Continue Reading
The official count of coronavirus infections in the United States sits at about 70,000 cases, but a chronic shortage of tests means only a fraction of the people infected are Continue Reading
China is sending doctors and medical supplies to Italy and other countries that have been hit hard by the coronavirus. WSJ’s Eric Sylvers in Milan explains how China is using Continue Reading
The US has overtaken China to become the country with the largest number of confirmed coronavirus cases in the world, with 81,943 Americans now testing positive for Covid-19. State-by-state figures published Continue Reading
Life is about making difficult decisions in the context of uncertainty, and we hope this model will help you appreciate the trade-offs — and the significance of sustained efforts for Continue Reading
