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Month: April 2020

Category:
  • China
  • coronavirus

China’s economy: the risk of a second coronavirus wave

On the same day that Chinese authorities began to relax a 77-day quarantine on Wuhan, the city that exported coronavirus across China and ultimately to every corner of the world, Continue Reading

Posted On : 18 Apr 2020 Published By : Tom Whipple
Category:
  • Oil Supply
  • USA

Half of announced North American oil cuts come from just three companies

Numerous U.S. and Canadian oil companies have said they are reducing output in 2020, but a Reuters analysis of the announcements so far show that just three companies – Chevron Continue Reading

Posted On : 18 Apr 2020 Published By : Tom Whipple
Category:
  • Climate
  • USA

Climate Change Brings Summertime Heat to Florida’s Early Spring

Florida is caught between a climate change-induced sauna of extreme spring temperatures and a steam bath caused by warming oceans. The result has been record-setting heat that has turned April Continue Reading

Posted On : 18 Apr 2020 Published By : Tom Whipple
Category:
  • Oil Supply
  • Saudi Arabia
  • USA

Flotilla of Saudi Oil Threatens to Worsen U.S. Supply Glut

A fleet of tankers full of Saudi oil is slowly making its way to the U.S. Gulf Coast, threatening to worsen an already historic oversupply of crude. The Saudi crude, Continue Reading

Posted On : 18 Apr 2020 Published By : Tom Whipple
Category:
  • Shipping
  • USA

Virginia Closes Port Terminal as Volumes Dive From Coronavirus Impact

Virginia is home to the sixth-largest container port in the U.S., part of a sprawling facility that also includes the world’s largest naval base, ship repair services and dry-bulk berths Continue Reading

Posted On : 18 Apr 2020 Published By : Tom Whipple
Category:
  • Shale Oil

U.S. Drillers Shed 260 Rigs In Five Brutal Weeks

Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week by 73, falling to 529, with the total oil and Continue Reading

Posted On : 18 Apr 2020 Published By : Tom Whipple
Category:
  • Coal
  • USA

Coronavirus pandemic accelerating need for coal production cutbacks amid declining demand

Declining US coal-fired power demand, hit further by the coronavirus pandemic pressuring electricity demand, has pushed major coal basins into oversupply and utility stockpiles to multi-year highs, requiring producers to Continue Reading

Posted On : 18 Apr 2020 Published By : Tom Whipple
Category:
  • Natural Gas Supply
  • USA

Analysis: SoCal Gas might reach max storage capacity by August under ‘best case scenario’

 Despite capacity curtailments this summer leading to Southern California Gas Company’s storage system, its fields could hit maximum capacity as early as August, especially considering extended demand loss due to Continue Reading

Posted On : 18 Apr 2020 Published By : Tom Whipple
Category:
  • Air Quality
  • USA

US EPA rescinds legal basis for Obama-era mercury rule targeting power plants

Despite the objections of public health advocates and even the U.S. electric industry, the US Environmental Protection Agency April 16 released a final rule rescinding the legal basis for the Continue Reading

Posted On : 18 Apr 2020 Published By : Tom Whipple
Category:
  • Shale Oil

Schlumberger sees 40% capital spending cuts in North America

Industry leading oilfield service firm Schlumberger sees North American producers cutting their capital spending by 40% in 2020 compared to roughly 15% cutbacks internationally as independent shale firms move more Continue Reading

Posted On : 18 Apr 2020 Published By : Tom Whipple

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