No One Is Owning Up to Releasing Cloud of Methane in Florida
It was 12 miles wide, invisible to the naked eye and traveled across six counties to Florida’s largest city. And it’s still unclear who — or what — was responsible. The Continue Reading
How The Fed Is Artificially Propping Up Oil Prices
Oil prices have stabilized at $40 per barrel, despite global oil demand remaining sharply below pre-pandemic levels. Everyone knows the significant role that OPEC+ has played in balancing the oil Continue Reading
LNG Industry Could Bring 100,000 Jobs To Canada
A new report by the Conference Board of Canada , and funded by the Canadian LNG Alliance, determined that a 56-million-tonnes-per-year LNG industry in British Columbia would generate nearly 100,000 Continue Reading
Analysis: US crude stocks expected lower amid strengthened exports, refinery demand
US crude oil inventories likely declined in the week ended July 24 amid an expected uptick in refinery demand and stronger exports, an S&P Global Platts Analysis showed July 27. Continue Reading
Octillion marks 100,000 EVs on the road with its batteries, 2 billion km driven
Octillion Power Systems, a provider of advanced lithium-ion storage systems for electric mobility, announced it has reached two milestones: 100,000 electric vehicles worldwide powered by its batteries and 2 billion Continue Reading
Deutsche Bank tightens fossil fuel lending policies
Deutsche Bank ( DBKGn.DE ), said on Monday it would end business worldwide with the companies most exposed to coal mining by 2025 at the latest, as part of a Continue Reading
Oil Prices, Energy News and Analysis for July 27, 2020
Oil edged lower after a weekly gain as investors weighed worsening relations between Washington and Beijing and the prospect of more supply against a weakening dollar and signs the virus Continue Reading
Crude oil futures lower on demand recovery concerns
Crude oil futures were slightly lower during mid-morning trade in Asia July 27 as concerns over recovery in oil demand resurfaced amid a resurgence in the number of COVID-19 cases Continue Reading
Demand Outlook Darkens
The demand outlook has darkened according to Standard Chartered. The demand outlook has darkened. That’s according to a new research note from financial services company Standard Chartered, which was sent Continue Reading
The Second Wave Of COVID Won’t Crush Oil Markets
As Covid-19 infections continue to increase around the world and the implications of the pandemic’s spread are acknowledged in key markets in the Americas and Asia, Rystad Energy is now Continue Reading