Oil prices were broadly stable on Thursday after sharp losses in the previous session, with investors hoping that a big build-up in U.S. inventories may mean producers have little option Continue Reading
Front-month WTI settled at an 18-year low Wednesday after US Energy Information Administration data showed US crude stocks posted their largest-ever weekly build last week. NYMEX May WTI settled down Continue Reading
Just days after the largest production cut in history, WTI fell below $20 per barrel. The oil world was hyper-focused on what OPEC+ might do over the past week, and Continue Reading
Just days after OPEC and its allies announced their big deal to rescue the global oil industry, it’s becoming brutally clear that all they’ve done is limit the worst of Continue Reading
The oil market has spent the past few days sniffing around an Opec deal that promised the biggest cuts to production in history – and has decided it was undercooked. Continue Reading
The International Energy Agency said Wednesday that it expects global refinery throughput to decline by 7.6 million b/d this year to 74.3 million b/d “on sharply reduced demand for fuels.” Continue Reading
Demand for transport fuels such as jet fuel and gasoline in 2020 will dive by 26% and 11% respectively exacerbated by heavy containment measures caused by the coronavirus pandemic, the Continue Reading
The rapid shutdown of much of the U.S. economy delivered unprecedented shocks to the largely separate systems that supply businesses and consumers. Both rely on vetted networks of producers and Continue Reading
Clear skies and more sunlight over Greenland last summer resulted in the biggest drop in the ice sheet’s mass ever recorded, new research shows. The phenomenon was linked to an exceptional Continue Reading
For at least the last decade, renewable energy seems to have been accelerating at a ferocious pace. Every other day you can read about a new technological breakthrough or another Continue Reading
