Canada is preparing a national hydrogen strategy, making it the first country in North America to develop a plan to use the gas to reduce its reliance on fossil fuels Continue Reading
US oil production will continue to decline until bottoming out at 10.63 million b/d March 2021, or 2.2 million b/d below the record high set in November 2019, the US Continue Reading
US Gulf of Mexico oil producers have returned about 60,000 b/d back into service after about 35% of the Gulf’s oil and gas production was temporarily taken offline as Tropical Continue Reading
The OECD forecast that the pandemic will cause a global economic slump of 6% this year, based on a scenario of the virus continuing to recede. A second wave, which the Continue Reading
As the number of new coronavirus cases continues to increase worldwide, and more than a dozen states and Puerto Rico are recording their highest averages of new cases since the pandemic Continue Reading
The European Commission will open its first annual Eur1 billion ($1.1 billion) call to fund large-scale renewables, clean hydrogen, energy storage, and carbon capture and storage/use projects by the end Continue Reading
Crown Estate Scotland has launched the first round of offshore wind leasing in Scottish waters for a decade, with a draft target of up to 10 GW installed, it said Continue Reading
Oil dropped below $38 a barrel in New York as risky assets declined and Saudi Arabia said it would cease extra voluntary production cuts by the end of this month. Futures Continue Reading
Oil fell after moving past this weekend’s producer deal to extend supply cuts, with prices sliding on Saudi Arabia’s decision to end extra reductions. Futures in New York trimmed 3.4% Monday, Continue Reading
Expectations that the oil market will swing into deficit in July prompted HSBC to revise up its oil price forecasts for this year, with the U.S. benchmark WTI Crude projected Continue Reading
