Oil Prices Tumble As Market Sentiment Wanes
Faltering demand and weaker equities are undermining market sentiment. (Bloomberg) — Crude in London tumbled below $40 a barrel for the first time since late June and futures in New Continue Reading
Oil Prices Crash On Weak Demand
Oil prices crashed at the start of the week, with fears about global oil demand and a weak stock market being the main catalysts. Chart of the Week – U.S. Continue Reading
Fitch Cuts Long-Term WTI Oil Price Outlook To $50
Fitch Ratings has lowered its long-term price assumption for West Texas Intermediate to $50 from $52 a barrel expected earlier, to reflect fragile market balances, inventory overhangs, lower breakevens, and Continue Reading
Oil Markets Get A Major Reality Check As Demand Sours
A recovery in jet fuel, gasoline, and crude oil demand is the one thing standing in the way of drawing down the existing inventory glut for crude and crude products. Continue Reading
Climate: Natural Gas is the Rich World’s New Coal
Even the cleanest fossil fuel is losing its appeal to rich nations. Just a few years ago, natural gas was hailed as vital for the transition toward an economy that runs Continue Reading
Climate Change: World’s Global Warming Fight
Add this to your already long list of 2020 oddities: Greenhouse gas emissions are projected to experience their steepest drop in modern history while the world remains on track to Continue Reading
Federal Report Warns of Financial Havoc From Climate Change
A report commissioned by federal regulators overseeing the nation’s commodities markets has concluded that climate change threatens U.S. financial markets, as the costs of wildfires, storms, droughts and floods spread Continue Reading
Thwaites: ‘Doomsday Glacier’ vulnerability seen in new maps
The icebreaker, the Nathaniel B Palmer, mapped more than 2,000 sq km of seafloor in front of the glacier Scientists may just have identified Thwaites Glacier’s Achilles heel. This Antarctic Continue Reading
Saudi Arabia Advances Nuclear Power Agenda
Saudi Arabia has scored the support of the International Atomic Energy Agency in its effort to adopt nuclear energy, Reuters reports , quoting a Saudi TV channel that cited the Continue Reading
COVID-19 Forces Libyan Oil Companies To Halt Operations
Two of Libya’s National Oil Company affiliates on Monday sent some oil workers home and halted some work due to the spread of Covid-19, according to a NOC statement. Libya’s Continue Reading