China extends new energy vehicle subsidies for two more years
China will extend the subsidies and tax exemption provided for the purchase of new energy vehicles, which was due to be removed by the end of this year, for another Continue Reading
China Jan-Feb oil product consumption slumps 14% on year amid coronavirus outbreak: NDRC
China’s refined oil product consumption over January-February slumped year on year amid the coronavirus outbreak, leading to a surge in exports of gasoline and jet fuel over the same period. Continue Reading
Key U.S. Crude Oil Grade Has Never Been Cheaper in Modern Era
The price of one key U.S. oil grade is already the lowest in the modern era of the market, when adjusted for inflation. Louisiana Light Sweet crude, a key crude stream Continue Reading
Fracking Once Lifted Pennsylvania. Now It Could Be a Drag.
The last time the global economy was in free fall, an economic savior showed up in southwestern Pennsylvania. Energy companies, which had discovered a way to get at the state’s Continue Reading
Why Civil Rights Activists Are Backing Natural Gas
The United States has a long-running love affair with natural gas, with fossil fuels acting as the lynchpin in the country’s power generation mix , while nearly half of American Continue Reading
The U.S. Is About To Lose Its Place As The World’s Largest Oil Producer
The United States may lose its top spot among oil producers globally this year, according to economists. With oil prices continuing their slide and Saudi Arabia reiterating its plans to Continue Reading
The U.S. Can’t Afford To Let Shale Fail
It’s no secret that the growth of U.S. shale oil has been a thorn in the sides of both Saudi Arabia and Russia. They have seen their market shares erode Continue Reading
Shale’s Comeback Could Be Better And Bigger Than Ever Before
Earlier this month global oil prices fell more sharply in one day than they have in nearly 30 years. The cause was a snowball effect driven by a series of Continue Reading
Chinese Oil Giant Forced To Postpone Canadian Drilling Campaign
China National Offshore Oil Corporation (CNOOC) is postponing this year’s planned drilling campaign offshore Canada’s east coast because of the coronavirus pandemic, the Chinese state-held oil firm told CBC News Continue Reading
East Kentucky Power Co-op reduces contracts with four coal suppliers
EKPC reduces four barge contracts by 16,000 st/month CCU Coal supply deal cut by 6,000 st/month East Kentucky Power Cooperative reduced its monthly delivery amounts with four barge coal suppliers Continue Reading