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Month: May 2020

Category:
  • Economy
  • USA

More Americans return to work; concerns grow of a second virus wave

Factory workers began returning to assembly lines in Michigan on Monday, paving the way for the reopening of the U.S. auto sector but stoking fears of a second wave of Continue Reading

Posted On : 12 May 2020 Published By : Tom Whipple
Category:
  • Shale Gas

Shale pioneer Chesapeake considers bankruptcy filing after oil rout

Chesapeake Energy Corp said on Monday it was unable to access financing and was considering a bankruptcy court restructuring of its over $9 billion debt if oil prices don’t recover Continue Reading

Posted On : 12 May 2020 Published By : Tom Whipple
Category:
  • Oil Supply
  • USA

Oklahoma regulators take no action after oil output hearing

 Oklahoma’s energy regulators on Monday took no action on applications from oil and gas producers seeking to win state-support for measures they said would help stabilize oil prices. The Oklahoma Continue Reading

Posted On : 12 May 2020 Published By : Tom Whipple
Category:
  • Coal
  • USA

Montana coal mine furloughs workers amid diminished demand

Another Powder River Basin coal mine has reduced its workforce in response to weak market conditions. Decker Coal Company furloughed 98 miners Friday, sending them home until May 26, according Continue Reading

Posted On : 12 May 2020 Published By : Tom Whipple
Category:
  • coronavirus

Study: Virus death toll in NYC worse than official tally

New York City’s death toll from the coronavirus may be thousands of fatalities worse than the tally kept by the city and state, according to an analysis released Monday by Continue Reading

Posted On : 12 May 2020 Published By : Tom Whipple
Category:
  • LNG

Natural Gas Exports Slow as Pandemic Reduces Global Demand

A few months ago, Israel and some Arab countries were laying the groundwork for an energy partnership that held the potential for economic cooperation between once-hostile neighbors. Israel started selling Continue Reading

Posted On : 12 May 2020 Published By : Tom Whipple
Category:
  • Transportation

Oil Is Back In Demand As Drivers Return To The Roads

From China and Spain to the United States, people are gradually returning to driving their cars as countries and U.S. states re-open for business. People feel safer commuting in their Continue Reading

Posted On : 12 May 2020 Published By : Tom Whipple
Category:
  • Shale Oil

More Shale Giants Forced To Cut Production As Oil Price Crisis Persists

The big oil production curtailment in the U.S. shale patch continues as more companies announced on Monday output reductions to protect their balance sheets in the face of unsustainably low Continue Reading

Posted On : 12 May 2020 Published By : Tom Whipple
Category:
  • Shale Oil

What Will Follow The Biggest US Rig Count Collapse In History

The Covid-19 pandemic has caused the largest horizontal rig count collapse ever recorded in the US, a Rystad Energy analysis of Baker Hughes data shows. The total horizontal oil rig Continue Reading

Posted On : 12 May 2020 Published By : Tom Whipple
Category:
  • Electricity

Coal-fired generation stays longer, gas generation grows slower in new forecast

Coal-fired generation has been forecast to slow its decrease in the share of US generation in S&P Global Platts Analytics’ latest long-term forecast, compared with an earlier forecast, and natural Continue Reading

Posted On : 12 May 2020 Published By : Tom Whipple

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