Three-fifths of new coronavirus cases in China showed no symptoms of the illness when they were diagnosed, according to data that is likely to complicate moves by governments around the Continue Reading
The financial industry regulator of China has asked one of the largest lenders in the country, Bank of China, to investigate problems of its structured products linked to oil benchmarks Continue Reading
Hyosung and the Linde Group, a leading global provider of industrial gases, will invest 300 billion won (US$246 million) until 2022 in a joint enterprise of creating a value chain Continue Reading
With a flood of unemployment claims continuing to overwhelm many state agencies, economists say the job losses may be far worse than government tallies indicate. The Labor Department said Thursday Continue Reading
The federal government may be about to offer the struggling U.S. oil industry loan financing in exchange for stakes, Bloomberg has reported , citing an unnamed source familiar with plans. Continue Reading
Following the unprecedented market carnage that saw US benchmark prices drop below zero last week, producers selling crude oil to Asian customers have started to add a new clause in Continue Reading
The U.S. is working on ways to expand storage space to add several hundred million more barrels to it, Treasury Secretary Steven Mnuchin said at a White House briefing, as Continue Reading
Cheniere Energy reported a higher first-quarter 2020 profit Thursday than in the year-ago period and said its full-year earnings were on track to come in at the lower end of Continue Reading
The US oil and gas rig count fell 59 to 432 during the week ended April 29, rig data provider Enverus said Thursday, as upstream players continued to idle oil Continue Reading
Weekly US coal production declined for the fourth straight week to an estimated 8.58 million st in the week ended April 25, down 0.5% from a week earlier and 39.4% Continue Reading
Receive daily email alerts, subscriber notes & personalize your experience. Register Now ConocoPhillips will increase its near-term oil production cuts beyond the 225,000 b/d gross originally signaled two weeks ago, Continue Reading
The orange flames that dot the Permian Basin have sparked criticism from investment bankers and shale pioneers who say the energy industry is wasting a valuable resource by burning off Continue Reading
Stranded assets used to be a niche idea. The concept that fossil fuel infrastructure wouldn’t be used is one that’s been championed over the last decade by the U.K.’s Carbon Tracker think Continue Reading
In just over a month, scores of drilling rigs have been dismantled and tucked away in storage yards. Pump jacks, those piston pumps that lift crude out of the ground, Continue Reading
Ever since this Gulf Coast city’s leaders helped persuade the Obama administration and Congress to lift the export ban on liquid fossil fuels in 2015, the Port of Corpus Christi Continue Reading
It is very common today to read about shutting-in of producing oil and gas wells to reflect the reality there are fewer and fewer places to store oil right now. Continue Reading
U.S. shale oil producers have so far held up admirably, hanging on for dear life amidst the biggest oil demand collapse in history. American producers continued to pump at record Continue Reading
The United States has been on the opposite side of the OPEC oil cartel for decades in a great battle between the free market and supervised production levels. All that Continue Reading
US natural gas in storage rose by less than the five-year average for the second week in a row, as the Henry Hub summer strip surged following the release, despite Continue Reading
Twenty years ago, before climate change was as widely seen as the existential threat it is today, Germany embarked on an ambitious program to transform the way it produced electric Continue Reading
Russian Prime Minister Mikhail Mishustin told President Vladimir Putin on Thursday that he had been diagnosed with the new coronavirus and was temporarily stepping down to recover. Mishustin, 54, suggested Continue Reading
Europe’s largest oil company is bracing for permanent change in customer behavior, signaling demand may not fully recover once the coronavirus pandemic is over. The global spread of the virus has Continue Reading
The public-health crisis sparked by the new coronavirus ricocheted through Europe’s economy in the first quarter, causing a record decline that was more severe even than in the U.S., an Continue Reading
The euro-area economy could shrink as much as 12% this year and fail to return to its pre-coronavirus size until the end of 2022, according to the European Central Bank. In Continue Reading
