Chinese President Xi Jinping said China’s annual economic growth target could have been set around 6% had the new coronavirus epidemic not happened, according to state media reports on Saturday. Continue Reading
A top White House official on Sunday likened China’s handling of the coronavirus outbreak to the Soviet Union’s cover-up of the meltdown at the Chernobyl nuclear power plant in 1986. Continue Reading
But before the new coronavirus sapped global demand for crude, causing shale-drilling companies to shut off wells en masse to avoid losing money, many were struggling to turn a profit Continue Reading
On April 20, the West Texas Intermediate crude benchmark did not just fall below zero, it plummeted to negative $37.63 a barrel . This stunning price crash was the result Continue Reading
Output hits 85.5 Bcf/d, down 9% from record high At 357, US rig count has fallen 57% from annual peak Permian, SCOOP/STACK, Bakken lead output decline New York — US Continue Reading
With planes grounded, cars parked, factories shuttered and offices dark, the coronavirus has carved a big hole in the energy economy and redirected its future in ways that could hardly have Continue Reading
Memorial Day weekend, the typical start of the summer driving season in the United States, will offer some clues about gasoline demand and driving behavior after lockdowns were eased across Continue Reading
Lufthansa ( LHAG.DE ), which is in talks with the German government over a 9 billion euro ($9.8 billion) bailout, will resume flights to 20 destinations from mid-June, including some Continue Reading
Russia on Sunday reported 153 coronavirus deaths over the previous 24 hours, the epidemic’s highest daily toll, raising total fatalities to 3,541, the country’s coronavirus crisis response centre said It Continue Reading
The economy of the world’s biggest energy exporter is heading for its deepest slump in more than 10 years due to the fallout from the coronavirus. A bigger crisis may Continue Reading
