When the OPEC+ alliance failed to reach an agreement on new output cuts at its meeting in early March, Saudi Arabia immediately pledged to shock and awe the market by Continue Reading
US natural gas stocks increased by less than the five-year average last week as below-normal temperatures boosted demand despite widespread stay-at-home measures. Receive daily email alerts, subscriber notes & personalize Continue Reading
Highlights All four major basins at multi-year lows US cumulative production down 19.6% year on year Houston — Weekly US coal production tumbled to an estimated 8.62 million st in Continue Reading
The US oil and gas rig count fell 76 week on week to 491, rig data provider Enverus said Thursday, a few days after oil prices plunged below zero and Continue Reading
Unfortunately, for the already vulnerable U.S. Energy Market, the worst is still yet to come. As one energy analyst forecasted, we may see a negative $100 for oil a barrel Continue Reading
Canada-based DeepGreen Metals Inc., a company focused on sourcing metals with the least environmental and societal impact, has released the results of a year-long study it commissioned into the impacts Continue Reading
Cushing, Oklahoma, population 7,800, has a steakhouse, a burrito restaurant and a KFC. It also has America’s most important complex of oil storage tanks. The prospect that those monumental tanks Continue Reading
This week the near term price for crude oil fell to -$37.68 per barrel. This was driven by the expiration of the May futures contract on the 21st of April Continue Reading
German business morale crashed in April in its most dramatic fall on record and hit its lowest reading ever as the coronavirus crisis strikes Europe’s largest economy “with full fury”, Continue Reading
Eni SpA reported a 94% drop in first-quarter profit and cut its production forecast for the year as demand is crushed by the coronavirus pandemic. While the large decline in earnings Continue Reading
