Global oil demand will plunge by a record 9% this year due to coronavirus lockdowns, thwarting efforts by OPEC+ to contain the resulting glut of crude, the International Energy Agency said. Continue Reading
President Donald Trump said he instructed his administration to temporarily halt funding to the World Health Organization for taking China’s claims about the coronavirus “at face value” and failing to Continue Reading
President Trump announced Tuesday that he intends to halt payments until a review can be conducted into what he described as mismanagement of the coronavirus pandemic. While it’s not clear Continue Reading
Oil and gas production in the United States has peaked and is already in decline. The latest data from the EIA’s Drilling Productivity Report sees widespread production declines across all Continue Reading
Officials in Minsk say a nuclear power plant being constructed in western Belarus will be launched during the summer and start producing electricity in the autumn. Energy Minister Viktar Karankevich Continue Reading
Newly published figures show deaths linked to the new coronavirus in the U.K. have far exceeded preliminary estimates, adding to a growing body of evidence across Europe that closely watched Continue Reading
Oil prices edged lower on Tuesday, with investors apparently unconvinced that record supply cuts could soon balance markets pummeled by the coronavirus pandemic, though a predicted plunge in U.S. shale Continue Reading
NYMEX WTI futures retreated Monday, but the rest of the oil complex climbed as the market weighed the impact of a nearly 10 million b/d OPEC+ supply-cut agreement against grim Continue Reading
The decarbonization of electricity production around the world today may be seen as part of a technological shift. Everyone wants electricity or its immediate benefits like cell phone charging. And Continue Reading
Walter Isenberg is the sort of business owner President Trump has in mind when he talks about the need to start lifting coronavirus lockdowns and reopen the American economy. Mr. Continue Reading
