The U.S.-China Feud Gets Nasty
The U.S. and China are moving beyond bellicose trade threats to exchanging regulatory punches that threaten a wide range of industries including technology, energy and air travel. The two countries Continue Reading
Oil groups boosted by cuts to US royalty rates during pandemic
Oil and natural gas companies that drill on US government-owned land are spending less for access after the Trump administration invoked the coronavirus crisis to slash the royalties they pay. About Continue Reading
Shale pioneer Chesapeake Energy files for bankruptcy
Chesapeake Energy Corp ( CHK.N ) filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed Continue Reading
U.S. LNG Industry Needs Prices To Double
Last week, Tellurian said it would make the final investment decision on the Driftwood LNG project next year. On the one hand, the news is good: Tellurian had stopped making Continue Reading
30% Of U.S. Shale Drillers Could Go Under
U.S. shale was one of the big losers of the Saudi-Russian price war that many saw as a war on U.S. shale. Producers scrambled to stay afloat as prices sank Continue Reading
2020 Will Be A Brutal Year For Coal
As if the economic fallout from the novel coronavirus pandemic weren’t enough, a series of trade battles have redoubled the United States’ economic woes in recent weeks. Like everywhere else Continue Reading
Natural Gas Price Plunge Could Soon Lead To Shut-Ins
Natural gas prices plunged to new lows this week, falling below $1.50/MMBtu, a catastrophically low price for U.S. gas drillers. The factors afflicting the gas market are multiple. Prices had Continue Reading
Coronavirus rekindles global trade disputes
At the start of the year, U.S.-China tensions were easing after their Phase I trade deal, while Washington, Brussels and Tokyo agreed on new global trading rules to curb subsidies. Continue Reading
Airbus sees output down 40% for two years as job cuts loom
Airbus ( AIR.PA ) plane output will be 40% lower for two years compared to pre-crisis plans, its chief executive said in remarks published on Monday, underscoring the threat to Continue Reading
Oil Prices Down for the Week
Oil posted its second weekly loss for the month, as a surge in U.S. coronavirus cases clouds the demand outlook and casts doubts on the market’s recovery. (Bloomberg) — Oil Continue Reading