Is climate change scary because of “black swans”—the low-probability, high-impact tail risks that are, by definition, unlikely? Or is it about what’s well known, already quantified, and very likely to Continue Reading
The autonomous government of northeast Syria has signed a deal for the marketing of crude oil with a U.S. company, Al-Monitor reports , citing unnamed sources in the know. What’s Continue Reading
Iraq’s financial crisis has left the state unable to hire tens of thousands of newly trained medical personnel who could help relieve pressure on a healthcare system struggling to contain Continue Reading
Iran’s supreme leader, Ayatollah Ali Khamenei, has said in a televised address that Iran will expand its nuclear program and will not negotiate with the United States, doubling down on Continue Reading
It is a time for market shakeups. On Friday, tech giant Apple unseated oil giant Saudi Aramco as the world’s most valuable company. Earlier in the week, the market saw Continue Reading
The UAE, OPEC’s third-largest oil producer, started producing nuclear energy from a 1.4 GW nuclear reactor, becoming the first country in the Gulf to use such a source for power Continue Reading
Indian Oil Corporation (IOC), the country’s biggest refiner and fuel retailer, doesn’t expect its capacity utilization to return to pre-pandemic levels in the near future, IOC’s chairman S.M. Vaidya told Continue Reading
The volume of crude bound for China has plunged to its lowest level since early May, hinting at faltering demand in contrast to the buying bonanza that took place only Continue Reading
Baker Hughes reported on Friday that the number of oil rigs fell, while the combined oil and gas rig count in the US held steady this week at 251, marking Continue Reading
Following the oil price and demand crash, ExxonMobil ( NYSE: XOM ) reported on Friday its second consecutive quarterly loss, which was the worst loss for the U.S. supermajor in Continue Reading
Hydrogen’s momentum is accelerating, despite challenges around costs and the global pandemic, panellists said in a webinar on July 31. Several key trends are moving in hydrogen’s direction, including policy, Continue Reading
Dominion Energy reported a substantial second-quarter loss as it accounted for the cancellation of plans to complete the 1.5 Bcf/d Atlantic Coast Pipeline that would have fed Appalachian Basin natural Continue Reading
General Motors Co. is working with electric-vehicle charging operator EVgo to build a nationwide fast-charging infrastructure as the automaker prepares a major push into battery-powered models. The two companies will Continue Reading
The number of rotary drilling rigs operating in the United States stood at 251 for the second week in a row, Baker Hughes Co. reported. The number of rotary drilling Continue Reading
The virus is the summer house guest from hell. Any remaining hope that the coronavirus that’s pushed the U.S., Europe and much of Asia into historic economic downturns would take a holiday was Continue Reading
One of the world’s major credit-rating companies fired a warning shot regarding the U.S.’s worsening public finances on Friday, just as lawmakers in Washington contemplate spending more to combat the Continue Reading
Noble Corp., the offshore drilling contractor, filed for bankruptcy with a plan to cut more than $3.4 billion of debt after a crash in crude prices made undersea oil wells Continue Reading
ExxonMobil and Chevron both reported deep quarterly losses on Friday, as two of the US’s corporate titans revealed the trauma caused to their businesses by the worst oil price crash Continue Reading
One of the first school districts in the country to reopen its doors during the coronavirus pandemic did not even make it a day before being forced to grapple with Continue Reading
The dollar rose against a basket of currencies on Friday as investors covered shorts and took profits after the biggest monthly decline in the currency in a decade. The dollar Continue Reading
Chevron Corp on Friday reported an $8.3 billion quarterly loss, its largest in at least three decades, and joined rival oil producers in writing down billions of dollars in assets Continue Reading
Stringent lockdowns to prevent the spread of Covid-19 weighed heavily on Europe’s economy in the second quarter, causing a record contraction more severe than experienced by the U.S., but analysts Continue Reading
Rosneft has discovered oil in a new field in Western Siberia, with reserves estimated at 20 million tons of crude oil (146.6 million barrels) and some 1 billion cubic meters Continue Reading
Russia’s health minister is preparing a mass vaccination campaign against the novel coronavirus for October, local news agencies reported on Saturday, after a vaccine completed clinical trials. Health Minister Mikhail Continue Reading
Thousands of people marched in the Russian far eastern city of Khabarovsk on Saturday for the fourth weekend in a row, protesting at President Vladimir Putin’s handling of a local Continue Reading
