Crude oil futures traded marginally higher in mid-morning trade in Asia Thursday on easing supply glut concerns after latest EIA data showed a drawdown in US crude inventories. At 10:05 Continue Reading
Trader anxiety has earned a reprieve, with oil markets dodging one of many bullets after a key U.S. benchmark oil futures contract avoided a repeat of the April fiasco that Continue Reading
Equity markets slipped on Thursday on concerns about the long-term impact of the new coronavirus and simmering U.S.-China tensions, though those worries couldn’t stop oil prices from marching to a Continue Reading
Rystad Energy predicts that global gas demand will drop nearly two percent this year. Thanks to declining commercial and industrial natural gas demand driven by lockdowns to curb COVID-19’s spread, Continue Reading
Some of the world’s poorest oil-producing countries are slipping behind on payments for billions of dollars in oil-for-cash loans from commodity trading houses, putting them at risk of default. The so-called Continue Reading
Dallas, Houston, Southeast Florida’s Gold Coast, the entire state of Alabama and several other places in the South that have been rapidly reopening their economies are in danger of a Continue Reading
In response to the industry downturn, national oil companies (NOCs) are set to slash their exploration budgets by 26 percent on average this year, Wood Mackenzie said in an analysis Continue Reading
The OPEC+ coalition appears determined to ease the global oil glut and lift the oil prices that had cratered in April because of OPEC+ wrangling and crashing global demand in Continue Reading
The renewable energy industry will see a decline in growth this year but will recover and start growing again next year, the International Energy Agency has said in a new Continue Reading
Highlights 26 GW less solar, wind expected 2020, first annual drop in 20 years Europe’s RES growth revised lower to 22 GW on construction delays Growth expected to rebound 2021, Continue Reading
