As the world faces unprecedented destruction in oil demand brought about by the coronavirus pandemic, China has in recent weeks emerged to be the only respite for crude sellers seeking Continue Reading
Rystad Energy had been projecting an increase in US shale production of 650,000 bpd by the end of this year, but recent developments have caused it to take a more Continue Reading
A drought, equal to the worst to have hit the western US in recorded history, is already under way, say scientists. Researchers say the megadrought is a naturally occurring event Continue Reading
Water levels at the Ward Creek Reservoir in Grand Mesa, Colo., have gone down in recent years because of persistent drought conditions. (Carolyn Van Houten/The Washington Post) The study, on Continue Reading
The furlough program and part-time work status actions impacted more than 30 percent of the company’s US workforce. Noble Energy Inc. Chairman and CEO David L. Stover says the company’s Continue Reading
No one is feeling the pain of an oil collapse more than the shale producers. Except, perhaps, their suppliers. Take Stacy Locke, chief executive officer for Pioneer Energy Services Corp. Continue Reading
The governors of five oil-refining states have asked the US Environmental Protection Agency to waive biofuel blending mandates while refiners confront plunging fuel demand as a result of the coronavirus Continue Reading
High volumes of US gas in storage combined with weakening demand due to preventative coronavirus measures look to test the limits of injection capacity this summer. Receive daily email alerts, Continue Reading
ConocoPhillips said Thursday it will cut back its 2020 spending and production volumes more dramatically, slicing its capital spending by 35% and removing a total of 225,000 boe/d from its Continue Reading
As stay-at-home orders keep businesses shuttered across much of the United States, electricity demand has fallen to a near 17-year low, according to analysts at the Edison Electric Institute (EEI) Continue Reading
