Peak Oil Isn’t Here But It Could Be In Sight
By one oil consultancy’s estimate, Peak Oil will be here by 2028, or two years sooner than it previously had predicted, according to Reuters . That ceiling would be somewhere Continue Reading
U.K. Car Output in April Falls to Lowest Since World War II Era
Automakers in the U.K. produced the fewest number of vehicles in any month since the World War II era in April after the coronavirus pandemic led to lockdowns that shuttered Continue Reading
Driving Hasn’t Found Its New Normal Yet
Memorial Day weekend, the typical start of the U.S. summer driving season, has come and gone. Data on just how much driving Americans did is trickling in, and it’s a Continue Reading
White House punts economic update as election draws near
The White House has taken the unusual step of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration’s anxiety about how Continue Reading
Moscow more than doubles city’s Covid-19 death toll
Moscow has been the epicentre of the epidemic in Russia for many weeks Moscow’s authorities have more than doubled the official death toll from Covid-19 in the Russian capital for Continue Reading
U.S. Shale Is Living Beyond Its Means
Global investment in energy will fall by $400 billion in 2020, the largest single-year decline in history. U.S. shale will be hit particularly hard, with capex set to fall in Continue Reading
Analysis: US crude builds resume as USGC imports surge
US crude inventories moved higher last week after a surge of imports pushed US Gulf Coast stockpiles to fresh all-time highs, US Energy Information Administration data showed Thursday. US commercial Continue Reading
Shut-in, even new wells may be attractive at $30s/b WTI: analysts
NYMEX crude futures have risen above the $30/b level that represents breakeven for many US upstream operators, which could result in some restoration of shut-in wells soon as the economic Continue Reading
Russia’s Top Oil Producer Is Struggling With Output Cuts
Russia’s largest oil producer, Rosneft, is struggling to supply its long-term buyers with crude oil as it has to cut output due to the OPEC+ deal and will find it Continue Reading
Successful first flight of the world’s largest all-electric aircraft: Cessna Grand Caravan 208B
magniX, a company developing electric propulsion systems for aircraft, and AeroTEC, a leading independent company focused on aerospace testing, engineering and certification, announced the successful flight of an all-electric Cessna Continue Reading