Oil producers may need to exert more efforts to lessen the coronavirus impact on the oil market because demand is not expected to recover quickly, given the amount of surplus Continue Reading
Oil prices rose on Tuesday after OPEC’s de facto leader, Saudi Arabia, said it would increase supply curbs in June, while other members of the oil-producing group said they want Continue Reading
Saudi Aramco reported on Tuesday a net income of US$16.66 billion for the first quarter of 2020, down from net earnings of US$22.2 billion for Q1 2019, due to the Continue Reading
Oil product stockpiles at the Middle East’s key oil hub of Fujairah rose 6.4% in the week to Monday, climbing to a record high for a second consecutive week as Continue Reading
Deaths doubled in Lima, rivaling the worst month of the pandemic in Paris. They tripled in Manaus, a metropolis tucked deep in Brazil’s Amazon — a surge similar to what Continue Reading
EIA lowers expected Q2 gas marketed production by 2.09 Bcf/d Q2 Henry Hub forecast raised 13 cents to $1.85/MMBtu EIA lowers Q2 gas demand forecast by 3.19 Bcf/d The US Continue Reading
nChina’s latest efforts to pit renewable energy against fossil fuels, it is again betting on size. Resources such as wind and solar don’t stand much of a chance if there isn’t Continue Reading
From considering subsidies on fuel cell vehicles to finding ways to encourage consumption in new sectors, China is pushing ahead with plans to make hydrogen a key component in its Continue Reading
U.S. airlines carried 51% fewer passengers in March amid the massive coronavirus pandemic travel collapse to the lowest air travel level in nearly two decades, the U.S. Transportation Department said Continue Reading
President Donald Trump’s top energy official said the oil industry is on its way back after suffering crippling losses from an unprecedented price collapse. “We now have 23 states that are Continue Reading
