Alarm across Europe over surge in coronavirus cases
A sharp rise in the number of coronavirus infections over the past two weeks has put European governments on high alert as holidaymakers return home to big cities and teachers Continue Reading
Oil Nosedives On Poor Economic Data
Friday, August 21st, 2020 Oil retreated at the end of the week on more negative news from the U.S. labor market. Oil prices fell back to a familiar trading range Continue Reading
OIL FUTURES: Crude prices fall on weak European data, rise in novel coronavirus cases
Oil prices fell Aug. 21 as weak European economic recovery news teamed up with concerns about sluggish crude demand amid the ongoing coronavirus pandemic. Crude prices were trading substantially more Continue Reading
Is This The End Of The Big Stimulus Rally?
U.S. West Texas Intermediate crude oil futures are trading lower on Friday, putting the market in a position to close lower for the first week in three. The market has Continue Reading
The Global Rig Count Hits A Record Low
1. Global rig count hits record low – The U.S. rig count has hit its lowest level in decades, but the global rig count is also at a record low. Continue Reading
Non-OPEC Oil Production Collapses in April
Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIA’s International Energy Statistics and updated to April 2020. Continue Reading
What’s the Green Fuel of the Future for Shipping?: QuickTake
Shipping is the backbone of the global economy, responsible for about 90% of world trade. But it also accounts for almost 3% (and rising) of man-made carbon dioxide emissions. The industry’s regulator set Continue Reading
Global Warming Is Melting Greenland’s Ice Sheet, Causing Sea Rise
Greenland broke its 2012 record for ice loss last year by 15%, a startling sign that a major contributor to global sea-level rise may be accelerating. On its own, ice loss Continue Reading
Libyan Ceasefire Bolsters Chances Of Reopening Oil Ports
The UN-backed government of Libya announced a ceasefire on Friday, and the east-based rival administration also called for a truce in a move that could pave the way to reopening Continue Reading
Libya’s UN-backed government announces ceasefire, calls for end to oil blockade
Libya’s UN-backed government, which only controls the western part of the country, announced an immediate ceasefire Aug. 21, raising the prospect of a restart to the country’s oil production and Continue Reading