Rig Count Plunges For The Fifteenth Straight Week
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week, by 13, to 266. Canada’s overall rig count fell this Continue Reading
Bankruptcy And Write Downs In The Oil Patch
The oil industry continues to struggle with some of the biggest names in the sector being forced to drastically cut costs Chesapeake faces the very real prospect of bankruptcy, having Continue Reading
U.S. Imports Of Canada’s Natural Gas Drop As Prices Jump
U.S. imports of natural gas from Alberta to the western United States have dropped in recent months due to higher natural gas spot prices at the Alberta trading hub than Continue Reading
Several U.S. states see coronavirus infection spikes, Wall Street unnerved
Troubling spikes in coronavirus infection rates were reported on Friday in several U.S. states, mainly in the South and West, a day before President Donald Trump was due to preside Continue Reading
Blocking The World’s Most Controversial Pipeline
Nord Stream 2 is now 93 percent complete and there is no realistic way that the project can be stopped Washington is still determined to delay the pipeline for as Continue Reading
Oil rises above $42 as OPEC+ laggards say to make more cuts
Oil rose to above $42 a barrel on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet supply cuts and signs of demand, Continue Reading
World stock markets slip on second wave virus fears, safe-havens rise
Global stock markets fell on Thursday as a continued rise in the number of coronavirus cases dashed hopes of a swift recovery from the pandemic-induced economic slump and drove demand Continue Reading
Oil edges up on OPEC output cut compliance; pandemic still weighs
Oil prices rose slightly on Thursday as a panel of OPEC and its allies met to review record oil supply cuts, even as the market remained concerned about additional coronavirus Continue Reading
Container shipping evolving to face ultimate Q3 test
The three key container shipping alliances, 2M, Ocean Alliance, and THE alliance, have limited the damage from the collapse in global trade and buoyed freight rates through the first half Continue Reading
3 Years and $3 Trillion Could Shift the Climate Change Narrative
Plummeting carbon emissions and big government spending—two of the defining narratives of 2020 so far—could create an unprecedented opportunity for the world to meet the goals enshrined in the 2015 Continue Reading