Oil Surges in Choppy Trading on Deepening Production Cuts
Oil climbed for the second day as global production cuts deepened and signs of a recovery in physical markets emerged. Futures in New York soared as much as 29% in volatile Continue Reading
Covid-19 Set To Wipe Out $1 Trillion In Oil Production Revenues
Oil and gas exploration and production (E&P) companies around the world are set to see their total annual revenues plunge by a whopping US$1 trillion this year, due to the Continue Reading
Investors Beware, Virus’s Long-Term Pain Just Becoming Clear
The best month for global equities in almost a decade may be enough to convince investors the light at the end of the coronavirus tunnel isn’t a train, but the Continue Reading
Crisis-torn airlines scramble to convert empty cabins to cargo
Once the airline industry’s ugly ducklings, air freighters are now flying high as some of the only airplanes still criss-crossing the skies during the global coronavirus crisis. While these aerial Continue Reading
Is The $110 Trillion Renewable Revolution Feasible?
A new report from the International Renewable Energy Agency (IRENA) show that, to save the planet, a massive transformation of the world’s energy system will need to occur, in which Continue Reading
OPEC+ Oil Production Hits 13-Month High As Output Cuts Start
After the collapse of the previous OPEC+ deal in early March, OPEC opened the taps in April, pumping at its highest level in 13 months. Top producer Saudi Arabia and Continue Reading
How Trump Convinced Saudi Arabia To End The Oil Price War
U.S. President Donald Trump was so intent on saving the American oil industry that he told the Saudi crown prince that unless the Kingdom stopped the oil price war and Continue Reading
U.S. mulling potential retaliatory action against China over pandemic: sources
There is a growing push within the Trump administration to craft a list of retaliatory measures against China over its role in the coronavirus outbreak, three sources, including a U.S. Continue Reading
China’s State Oil Giants Slash Spending
While the U.S. oil industry is in the throes of panic as demand has fallen out of the oil market, China is suffering its own oil crisis— resulting in capex Continue Reading
Trump threatens new tariffs on China in retaliation for coronavirus
WASHINGTON (Reuters) – U.S. President Donald Trump said on Thursday his hard-fought trade deal with China was now of secondary importance to the coronavirus pandemic and he threatened new tariffs Continue Reading