How Low Can Brent, WTI Crude Oil Go? One Forecast Sees $5/Barrel
Oil traders struggling to navigate one of the biggest oil crashes in history say the worst is yet to come. Even after plunging about 60% this year to the lowest since Continue Reading
Oil Crash Wipes Out $31 Billion From Industry’s Investment Plans
The global oil and gas industry has slashed at least $31 billion from investment budgets after crude’s epic price crash this month, and more cuts are likely to come. Producers are quickly Continue Reading
Oil Crash Could Destroy Global Biofuels Market
This month’s unprecedented oil crash has sent shockwaves through the entire energy industry and beyond. It’s even gotten to industries that, in theory should be dancing on oil’s grave, but, Continue Reading
NASA data reveals Greenland lost 600B tons of ice last summer
Greenland lost 600 billion tons of ice last summer due to an exceptionally warm season, according to a study released Wednesday. Last summer’s ice loss in Greenland is enough to Continue Reading
U.S. to Iran: Coronavirus won’t save you from sanctions
The United States sent Iran a blunt message this week: the spread of the coronavirus will not save it from U.S. sanctions that are choking off its oil revenues and Continue Reading
Khamenei praises Iranians in fight against coronavirus
Iran’s Supreme Leader Ayatollah Ali Khamenei, in a speech on state television for the Persian New Year, praised Iranians for their “dazzling” sacrifices in fighting the coronavirus outbreak in the Continue Reading
U.S. Steps Up Iran Sanctions Amid Coronavirus, as Tehran Charges Cruelty
The Trump administration this week sent a stark message to Iran in three new rounds of sanctions: The U.S. won’t ease its economic pressure campaign even as the coronavirus pandemic Continue Reading
Gharraf field offline after coronavirus evacuation
Petronas issued the following statement about the Gharraf evacuation Wednesday evening: In view of the COVID-19 pandemic and as a precautionary measure to ensure the health, safety and well-being of Continue Reading
Some Venezuelan Gas Stations Empty as Government Bans Queuing to Slow Coronavirus
Some gasoline stations in Venezuela were unusually empty on Wednesday, as regional authorities banned queuing for gasoline as part of a nationwide quarantine to contain the spread of the coronavirus. Continue Reading
China Shipping Exports Rebound, Just as Western Ports Cope With Coronavirus Downturn
“There is a lot of relief that China is waking up after a long hiatus,” said George Lazaridis, head of research at Greece-based Allied Shipbroking. “But what happens if truck Continue Reading