Big Oil Hit Hard By Supreme Court Rejection
The U.S. Supreme Court has rejected requests by a number of oil companies to block three lawsuits launched against them by state and local governments for their role in climate Continue Reading
ExxonMobil Reports First Quarterly Loss Since 1999
ExxonMobil (NYSE: XOM) reported on Friday a surprise first-quarter loss on the back of hefty write-downs amid the oil price plunge, posting its first quarterly loss since the 1999 merger Continue Reading
U.S. manufacturing activity plunges to 11-year low as orders sink
U.S. manufacturing activity plunged to an 11-year low in April as the novel coronavirus wreaked havoc on supply chains, suggesting the economy was sinking deeper into recession. The survey from Continue Reading
Russia reports record daily rise in coronavirus cases after PM’s infection
Russia on Friday reported a record daily rise in the number of confirmed coronavirus cases, a day after Prime Minister Mikhail Mishustin announced he had been diagnosed with the new Continue Reading
Russia’s Oil Output and OPEC+ Latest News: April Production
Russia slightly increased its crude oil and condensate production in April ahead of the biggest-ever output cuts under the new OPEC+ deal. The country’s producers pumped 46.45 million tons of oil Continue Reading
Russia, Pakistan virus cases spike as others ease controls
Russia and Pakistan reported their biggest one-day jumps in new coronavirus infections as some other countries and U.S. states where case numbers are stabilizing allowed businesses and public activities to Continue Reading
The Next Perovskite Solar Breakthrough Could Give Us Endless Energy By 2025
Harnessing the motherlode of the sun’s power is almost within our reach. The sun, our primary source of energy, bathes our Blue Planet in more solar energy than we can Continue Reading
RUSSIA DATA: April crude and condensate production up 0.5% on month to 11.349 mil b/d
Russian crude and condensate production totaled 46.45 million mt in April, according to data released Saturday by the Central Dispatching Unit of the Russian energy ministry. This is equivalent to Continue Reading
Airbus and RollsRoyce end E-Fan X hybrid-electric aircraft initiative
Airbus and Rolls Royce jointly have decided to end the E-Fan X demonstrator program. ( Earlier post .) Launched in 2017, the E-Fan X project sought to develop a near-term Continue Reading
Oil Set for First Weekly Gain in a Month as Output Cuts Start
Oil headed for its first weekly gain in a month as global production cuts start to lift physical markets and demand shows tentative signs of recovery. Futures in New York-traded above Continue Reading