Energy producers are throttling back their output, drivers are returning to the road and U.S. oil prices are roughly twice what they were a week ago, raising hopes—but not confidence—that Continue Reading
Oil snapped a five-day rally as a persistent supply glut outweighed signs of recovering U.S. fuel demand. Futures in New York fell 2.3% Wednesday, after doubling in value from a week Continue Reading
Oil could hit $100 per barrel within the next 18 months, Egyptian billionaire Naguib Sawiris told CNBC on Wednesday—a hard pill to swallow with Brent currently trading below $30 per Continue Reading
The worst for oil is over, but the road to recovery will be long and windy, Bloomberg’s Javier Blas tweeted , citing Morgan Stanley analysts. According to them, April was Continue Reading
Suncor Energy is axing its quarterly dividend by 55 percent to reduce its cash breakeven to a WTI Crude price of US$35 a barrel, one of Canada’s biggest oil firms Continue Reading
The U.N. needs billions more to handle virus fallout. The United Nations more than tripled the size of its humanitarian aid appeal on Thursday to help the most vulnerable countries Continue Reading
The glut of natural gas could lead to more cancelled LNG exports in the next few months. “It is clear that yes we face today people talk lot about the Continue Reading
Temperatures in April were on par with the previous warmest April on record four years ago, with extremely high temperatures in some parts of Europe, Greenland and Antarctica. Above-average global temperatures Continue Reading
A worker sprays disinfectant inside a Vietnam Airlines plane at Noi Bai International Airport in Hanoi, Vietnam. Expansive new airports, like Singapore Changi, will offer passengers more space to deal Continue Reading
Construction is now fully under way of Iran’s game-changing oil pipeline that will be able to transport huge quantities of oil and petrochemicals from its major oil fields via Guriyeh Continue Reading
