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
