Oil’s Luck Runs Out As Driving Season Ends
This year’s driving season was a disappointment for those who hoped and expected it to pull oil prices higher, helped by the pandemic that, those optimists reasoned, would motivate people Continue Reading
Trump’s Drilling Ban Bombshell Rocks Oil Industry
U.S. President Donald Trump shocked the oil industry today with a surprise announcement that he would extend the existing moratorium on oil drilling on parts of Florida’s, South Carolina’s, and Continue Reading
France Aims to Offset Paris Carbon Emissions With Clean Hydrogen
France’s 7 billion-euro ($8.3 billion) plan to use clean hydrogen in industrial processes and transport will cut the country’s carbon dioxide output in 2030 by the equivalent of the annual emissions Continue Reading
EU says one in eight deaths is linked to pollution
Nitrogen dioxide air pollution 5-10 January (sequence is played twice) One in every eight deaths in Europe can be linked to pollution, according to a new report by the EU’s Continue Reading
Britain blocks plans for new coal mine in northeast England
The British government has refused to allow an open cast coal mine to be built in northeastern England, the minister for Housing, Communities and Local Government Robert Jenrick said. Northumberland Continue Reading
Oil Falls Past Two-Month Low on Bleak Short-Term Demand Outlook
Oil fell to its lowest intraday level since July as signs of faltering demand continue to depress prices. Futures in London traded below $42 a barrel after dropping 1.5% on Continue Reading
Oil Down After Saudi Price Cuts
Oil extended its retreat below $40 a barrel after Saudi Arabia cut pricing for October crude sales as the summer driving season winds down with many countries still struggling to Continue Reading
Oil Extends Drop After Saudi Price Cuts Show Demand Concern
Oil extended its retreat below $40 a barrel after Saudi Arabia cut pricing for October crude sales as demand stuck below pre-Covid levels. Futures in New York dropped after Saudi Continue Reading
Do Oil Market Fundamentals Justify $40 WTI?
Oil prices have been locked in the current price range for months now, with price volatility dropping drastically. It seemed that only inventory reports, OPEC’s compliance rate, and the re-opening Continue Reading
Fragile Demand for Gasoline, Keeps Pressure on Crude Oil Prices
Crude oil bears increased their selling pressures as oil traders reacted to Saudi’s massive price cuts for supply to Asia. The Saudis made their biggest discounts on their crude grades Continue Reading