On a weekend when many pandemic-weary people emerged from weeks of lockdown, leaders in the U.S. and Europe weighed the risks and rewards of lifting COVID-19 restrictions knowing that a Continue Reading
Like many in the U.S. auto industry this month, Peter Anthony is busy trying to get his auto-supply business running again after a multiweek shutdown. But orders from car makers Continue Reading
Wary of U.S. crude oil after prices sank below zero, investors are seeking different ways to profit from the energy market as pockets of the world economy emerge from lockdown. Continue Reading
Two weeks before the Atlantic hurricane season officially begins, Tropical Storm Arthur has formed off the southeast U.S. coast and is heading toward North Carolina. The National Hurricane Center has Continue Reading
Analysts in the US oil market are growing increasingly confident of stronger prices, as coronavirus lockdowns ease and consumption creeps up just as production plummets. West Texas Intermediate, the US crude Continue Reading
Oil markets have taken a beating around the globe, but nowhere has the pummeling been worse than in the United States shale patch, where the oil price crash plunged the Continue Reading
The chairman of the Federal Reserve says the US economy could “easily” contract by 20-30% amid the pandemic. Jerome Powell added in a CBS interview that the economic downturn might Continue Reading
The Texas economy has suffered a double blow from COVID-19 crisis and the collapse of the oil industry. U.S. shale drillers had already planned on cutting capex this year by Continue Reading
In brokering the end to the global oil-price war last month, the Trump administration assured leaders that America’s shale patch would throttle back production. But few expected that the cuts would Continue Reading
The world’s number one problem today is that the world’s population is too large for its resource base. Some people have called this situation overshoot . The world economy is Continue Reading
Thousands of Germans across the country took to the streets on Saturday to protest against restrictions imposed by the government to contain the coronavirus pandemic, police and organisers said. Germany’s Continue Reading
By the official numbers, Belgium has been the country hit hardest in the world by the coronavirus. The nation of 12 million has the highest mortality rate among confirmed cases, Continue Reading
The UK’s daily coronavirus death figure has dropped to the lowest number since the day after lockdown began The UK’s daily figure for coronavirus deaths has dropped to 170 – Continue Reading
The shuttering of another German slaughterhouse to stem a coronavirus outbreak added to calls for tighter rules in an industry long criticized for poor working conditions and crowded accommodation for Continue Reading
German Chancellor Angela Merkel’s government may try to tame growing opposition to onshore wind developments by offering cash sweeteners to local councils and consumers. A plan drawn up by officials Continue Reading
China April crude throughputs up 0.8% on year WTI front-to-second month contango weakest since January Goldman Sachs lowers US crude supply forecast New York — The oil complex again settled Continue Reading
Oil prices are continuously rising despite the uncertainty surrounding COVID-19, with WTI nearing a two-month high on Friday morning For further research, analysis and trade recommendations, make sure you read Continue Reading
COVID-19 Market Impact – With Henry Hub prices in the $1.80-$1.90 range, there is concern that Haynesville LNG exports could experience a 20% decline in output towards 2023, according to Continue Reading
The Kurdistan semi-autonomous region of Iraq is ready to hand over to the federal government 250,000 barrels per day (bpd) of oil production and the oil revenues it generates, Middle Continue Reading
Russia’s largest oil producer, Rosneft, confirmed on Friday that it had discontinued all operations in Venezuela, including in joint ventures, trading, and oilfield services, as the top Russian firm looks Continue Reading
Petrobras has warned its shareholders that the coronavirus pandemic could leave a permanent mark on the global economy, including on consumer behaviors, as it reported a first-quarter loss and massive Continue Reading
After a month of tensions in Malaysia’s exclusive economic zone in the South China Sea, a Chinese survey vessel has left Malaysian waters, Reuters reported on Friday, quoting data from Continue Reading
American industry suffered the most severe plunge on record last month with factories, mines and utilities battered by the coronavirus pandemic. The Federal Reserve said Friday that its industrial production Continue Reading
Consumers pulled back on spending and factories cut output at the fastest pace in decades as lockdowns to contain the coronavirus pandemic hit the U.S. economy. Retail sales, a measure Continue Reading
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week by 35, falling to 339, with the total oil and Continue Reading
The Covid-19 pandemic and the low oil-price environment it has created continues to affect global energy markets and activity levels by oil and gas producers. New fracking jobs in the Continue Reading
1. IEA: Gasoline demand will come back quickly – The IEA said in its latest Oil Market Report that global oil demand hit its nadir in April (-25.2 bm/d), and Continue Reading
Crude oil shipments from the United States’ top oil-exporting hub have plunged 35% since the first quarter with more declines expected this summer as the impacts of the coronavirus pandemic Continue Reading
Producers are already restarting oil wells in North Dakota as prices come off record lows, but talk of a recovery is premature, said the state’s energy regulator. The historic price rout Continue Reading
For all their hype and techno-wizardry, EVs still bow down to their gas-powered cousins when it comes to driving range, not to mention that they take much longer to refuel. Continue Reading
The Federal Reserve issued a stark warning Friday that stock and other asset prices could suffer significant declines should the coronavirus pandemic deepen, with the commercial real estate market being among Continue Reading
United Airlines Holdings Inc ( UAL.O ) has told staff that it only has work for about 3,000 of its about 25,000 flight attendants in June, sources said, and warned Continue Reading
The U.S. ethanol industry is showing some signs of recovery as government officials ease stay-at-home orders that depressed fuel demand, while a vote Friday in Congress could bring the industry Continue Reading
with Brent D. Griffiths House Democrats are poised to plow forward today with the biggest economic relief package in history, over the objections Republicans and moderates in their own ranks Continue Reading
The Environmental Protection Agency has decided against placing limits on a chemical known to cause potential brain damage in fetuses and newborns and thyroid problems in adults. The agency won’t Continue Reading
The United States has dispatched a shipment of oil to Belarus, which is seeking to diversify its supplies after a price dispute with Russia, the Belarusian government said Friday. The Continue Reading
A further round of Brexit talks ended in a stalemate Friday, adding another economic anxiety in a region already battered by the coronavirus. With a trade deal of huge complexity Continue Reading
The German energy regulator Bundesnetzagentur on Friday formally rejected an application from the developer of the Nord Stream 2 gas pipeline to be exempted from new EU rules on non-EU Continue Reading
A notable feature of London’s virus lockdown has been day after day of clear blue skies. Now that Prime Minister Boris Johnson has asked some Britons to return to work, the Continue Reading
Crude oil futures contracts were trading above their levels from Thursday on Friday morning in Europe, with bulls in the market taking heart from the latest forecasting from the International Continue Reading
Oil prices have stabilized due to a rebound in demand and the “spectacular” drop in supply, according to a new report from the International Energy Agency (IEA). The reopening of Continue Reading
Oil is heading for a third weekly gain on signs the market is slowly rebalancing as major producers slash supply and consumption recovers after a historic collapse in demand due Continue Reading
One Thursday morning seven weeks ago, Federal Reserve Chair Jerome Powell made a rare appearance on NBC’s “Today Show” to offer a reassuring message to Americans dealing with the economic Continue Reading
The consequences of the coronavirus pandemic may prove more devastating than the disease itself for the world’s poorest countries as the global economy hurtles into recession, people lose jobs by Continue Reading
Oil on floating storage is now at its highest level in the history of the oil market and despite modest signs of a demand recovery, industry sources and analysts say Continue Reading
For nine years, Syrian President Bashar al-Assad has waged a brutal civil war against his enemies and allowed his friends to profit from it. Now, he’s squeezing those same allies Continue Reading
Guards take the temperature of people entering a mall in Riyadh, Saudi Arabia, on May 12. Muhammed, right, has worked as a mall security guard for the past six years. Continue Reading
Saudi Arabia’s oil giant Aramco has slashed by up to 30 percent its crude oil allocations to at least three buyers in Asia for June, compared to what customers had Continue Reading
A small and tedious-looking announcement of the ratification of a bylaw relating to the issuance of securities appeared on Iranian government-affiliated websites last week and was unsurprisingly ignored by the Continue Reading
Saudi Arabia’s loss of oil market share in China last month to Russia and Iraq is likely to be fleeting, with analysts saying shipments from the kingdom to Asia’s largest Continue Reading
