Oil Prices for Jul. 31, 2020: Brent Crude, WTI
Oil is set to end July with a gain in New York ahead of OPEC+ plans to return supply to the market after the group’s historic output cuts, while the Continue Reading
Oil on track for monthly gain as dollar supports
Oil prices rose on Friday and were on track for monthly gains, boosted by a weaker dollar in the face of continuing concerns over the recovery of the U.S. economy Continue Reading
Oil Slides Most in a Month on Grim Economic Signals
Oil cratered the most in more than a month after data showed the U.S. economy had its worst contraction on record, with demand expected to languish as millions of Americans Continue Reading
Oil sinks on weak U.S. economic data, political uncertainty
Oil prices sank on Thursday following poor U.S. economic figures and after U.S. President Donald Trump roiled markets with a suggestion that the nation should delay its November presidential election. Continue Reading
OPEC+ Prepares to Pump More Oil
From quiet skies over Europe to sparse traffic in America’s biggest cities, a recovery in global oil demand is faltering amid the resurgence in coronavirus. That poses a particularly delicate challenge Continue Reading
Oil Market Contango Returns In A Sign Of New Glut
Sluggish oil demand recovery with resurging coronavirus cases in many parts of the U.S. and the world and the return of previously withheld production from OPEC+ and North America have Continue Reading
Trading Profits Save Oil Majors In Very Volatile Second Quarter
In a big day for earnings releases, European majors Shell and Total reported on Thursday surprise profits for the second quarter, thanks to strong oil trading business when prices were Continue Reading
Natural Gas Could Blaze Trail for Hydrogen
For a glimpse into the future of a hydrogen-fueled world, look no further than natural gas and the technology that rapidly transformed it into a global commodity. Following natural gas’s lead, Continue Reading
The World Is Facing A Solar Panel Waste Problem
Solar panel installations hit a total 629 GW last year–an increase of 12 percent from 2018. It was also a lot—really a lot—of panels. And in a few years, these Continue Reading
Why The Iran-China Oil Alliance Is So Important
The steady rise in U.S. strategic competition with the People’s Republic of China (PRC) over trade and the South China Sea already has so many dimensions that it is sometimes Continue Reading