A globally coordinated oil production cut is “likely” but would fail to deliver the kind of reduction needed to balance the crude market, Goldman Sachs’ global head of commodities Jeff Continue Reading
Permanent changes to social behavior in the wake of coronavirus lockdowns are likely to hit long term oil demand forecasts and accelerate the shift to cleaner fuels but may be Continue Reading
U.S. gasoline demand has collapsed as stay-at-home orders keep drivers off the road, following the pattern seen in the hardest-hit parts of Europe. Sales at retail stations were down 46.6% Continue Reading
Shipments of liquefied natural gas will decline from record levels as global economic growth weakens and energy consumers work through a glut, an industry group said. LNG imports surged 13% to Continue Reading
Airborne methane levels rose markedly last year, according to a preliminary estimate published today by the U.S. National Oceanic and Atmospheric Administration. The results show a dramatic leap in concentration of the second most-powerful Continue Reading
An oil export terminal blockade that led to the shut down of fields and refineries has so far cost Libya close to $4 billion, the National Oil Corporation said in Continue Reading
Qatar is pushing back the start-up of the first phase of its North Field LNG Expansion Project by up to six months so that it will now enter production in Continue Reading
Iran demanded on Wednesday that U.S. oil production levels must be known before an upcoming OPEC meeting with Russia and others seeking to boost global energy prices. The meeting of Continue Reading
The authorities running eastern Libya on Tuesday confirmed a first case of the coronavirus despite efforts to close borders and impose a curfew to limit social interactions. Libya has confirmed Continue Reading
On a sprawling abandoned sugar estate by the coast of Guyana, the scale of the changes sweeping across the country is immediately visible. In just a few years, enormous warehouses Continue Reading
