Highlights US crude stocks up 5.72 million barrels to 538.07 million barrels Net crude inputs 20% below normal at 13.48 million b/d Exports fall to seven-month low of 2.44 million Continue Reading
About 23% of US oil and natural gas production from the Gulf of Mexico remained offline on June 10 after Tropical Storm Cristobal swept through the region during the weekend. Continue Reading
The massive drawdown in active rigs in Oklahoma’s SCOOP/STACK plays has prompted pipeline flows out of the region to plummet over the past month, adding upward pressure to Midwest prices. Continue Reading
Britain just passed a significant landmark — at midnight on Wednesday, it had gone two full months without using electricity from coal-fired power stations for the first time since the Continue Reading
The world faces the worst global recession in nearly a century, a key economic body warned Wednesday, while in Europe, restrictions to fight the spread of coronavirus portend a bleak Continue Reading
Volkswagen AG said its flagship electric car model, the ID.3 hatchback, wouldn’t be delivered to customers until September, several months later than originally planned after software glitches delayed production. Volkswagen Continue Reading
The German cabinet has approved a national hydrogen strategy focused on support for electrolysis, targeting 14 TWh of renewable hydrogen production by 2030, it said June 10. Receive daily email Continue Reading
The mishandling of the biggest Arctic oil spill ever infuriated Russian President Vladimir Putin and could give a boost to the country’s environmental regulation. MMC Norilsk Nickel PJSC, Russia’s biggest miner, Continue Reading
As the coronavirus continues to spread around the globe, companies and academic labs are racing to develop a vaccine that would help society get back to normal. But there could Continue Reading
Crude oil futures were trading lower in mid-morning trade in Asia June 10 on profit-taking after an overnight spike as the market awaited the release of weekly US inventory data Continue Reading
