$5 Crude Could Put Canada’s Oil Sands Out Of Business
Over the last few weeks, the higher breakeven costs for oil and the lack of sufficient takeaway capacity has come back to haunt Canada’s oil patch. Two months ago, the Continue Reading
Putin extends Russia’s coronavirus non-working period until April 30
President Vladimir Putin on Thursday prolonged until April 30 a paid non-working period across Russia, stepping up measures to stem the spread of coronavirus just a week after the Kremlin Continue Reading
Coronavirus Is Putting Europe’s Green Transition to the Test
Before the pandemic halted daily life and shattered economies, the European Union had set a course for a difficult re-invention. By 2050, the bloc had decreed, under the banner of Continue Reading
Texas Oil Rep To Discuss 10 Million Barrel Per Day Cut With Russia
Following US President Trump’s earlier tweet that he had discussed oil prices with Saudi Arabia’s Crown Prince, Texas Railroad Commissioner Ryan Sitton reports that he discussed with Russian Energy Minister Continue Reading
Heating oil boilers one of last remaining outlets in Europe for ULSD
With lockdowns across Europe weighing heavily on consumption of ultra low sulfur diesel as road fuel, more and more material has started ending up in the heating oil pool instead Continue Reading
Euro zone business activity collapses in March as coronavirus spreads: PMI
Euro zone business activity collapsed last month as attempts to contain the coronavirus pandemic pushed governments across the continent to shut down vast swathes of their economies, from shops to Continue Reading
‘The Fields Heal Everyone’: Post-Soviet Leaders’ Coronavirus Denial
The leaders of several former Soviet republics in Central Asia and elsewhere are still denying the severity of the coronavirus pandemic , weeks after most other governments abandoned that approach. Continue Reading
Global Stocks Steady After Selloff, Oil Leaps 10%
Global stocks steadied Thursday after U.S. equities endured their worst start to a new quarter on record, while oil jumped 10% on hopes of an end to the price war Continue Reading
Oil Extends Rebound as China Prepares to Buy Crude for Reserves
Oil surged more than 12% as China planned to start buying up cheap crude for its strategic reserves, adding to tentative signs of growing risk appetite across financial markets that’s Continue Reading
Oil Extends Rebound as China Prepares to Buy Crude for Reserves
Oil surged more than 12% as China planned to start buying up cheap crude for its strategic reserves, adding to tentative signs of growing risk appetite across financial markets that’s Continue Reading