China Plans To Dominate The Global Nuclear Energy Push
China has big plans for the nation’s nuclear energy sector. While the nuclear energy targets set by Beijing have been massively delayed, the nation is still on track to take Continue Reading
China Leads The Global Oil Demand Recovery
Global oil demand has improved over the past few weeks, led by China’s demand which has rebounded to 90 percent of its pre-coronavirus levels, while tentative signs of improvement emerge Continue Reading
Trump administration to bar Chinese passenger carriers from flying to U.S.
President Donald Trump’s administration on Wednesday barred Chinese passenger carriers from flying to the United States starting on June 16 as it pressures Beijing to let U.S. air carriers resume Continue Reading
Living Close to Oil Wells Leads to Lower Birth Weights
Humans have lived side by side with oil development for over a century, but it’s only recently that scientists started tracking the health consequences of that proximity. A new paper published today Continue Reading
US job losses in May could raise 3-month total to 30 million
The epic damage to America’s job market from the viral outbreak will come into sharper focus Friday when the government releases the May employment report: Eight million more jobs are Continue Reading
US service sector contracts for second month in May
The U.S. services sector shrank for a second month in May as the coronavirus pandemic triggered shutdowns and layoffs around the country. Activity did rise from levels last month that Continue Reading
U.S. States Just Lost Pipeline Veto Rights And That’s A Big Deal For Oil
The oil and gas industry in the United States scored a big win this week after the EPA narrowed the focus of a rule that up until now, allowed states Continue Reading
First Oil Workers Evacuate Ahead Of Tropical Storm Cristobal
Occidental Petroleum is evacuating some of its Gulf of Mexico oil facilities ahead of the anticipated storm Cristobal, Occidental said on Wednesday. The evacuated workers so far will be limited Continue Reading
HOW QUICKLY WILL BAKKEN OIL PRODUCTION DECLINE?? Much Faster Than Americans Realize
What goes up, must come down. And, this is most certainly true for the mighty North Dakota Bakken… the second-largest shale oil-producing region in the United States. Even after the Continue Reading
Pioneer Energy Emerges From Chapter 11
Pioneer Energy Services Corp. has emerged from Chapter 11 bankruptcy protection, completing its debt restructuring process and implementing the previously announced reorganization plan. In connection with the restructuring, Pioneer slashed Continue Reading