Equinor Sees COVID Accelerating Peak Oil Demand To 2027-2028
Slower demand growth due to the pandemic and a drop in global oil supply due to low investments could result in peak oil demand 2-3 years sooner than an earlier Continue Reading
French Lockdown to Push Economy Back Into a Contraction
France‘s second lockdown will push the economy back into a slump and slow the recovery in 2021, even though restrictions to contain the coronavirus aren’t as severe as earlier in Continue Reading
U.K.’s New Green Plan Backs 250,000 Jobs and Bans Gas Car Sales
U.K. Prime Minister Boris Johnson announced a 12 billion-pound ($15.9 billion) plan to boost green industries and tackle climate change, in a blueprint he says will create or support as many Continue Reading
Car sales slump again in Europe amid renewed restrictions
After a one-month reprieve, passenger car sales in Europe slumped again in October amid new restrictions in many countries aimed at containing a resurgence of the coronavirus, the European carmakers’ Continue Reading
Norway’s Equinor raises Johan Sverdrup production, targets 720,000 b/d in phase 2
Norway’s Equinor will raise crude production from its flagship Johan Sverdrup field to 500,000 b/d by year-end from 470,000 b/d, with the second phase of the project eventually taking production Continue Reading
UK government brings forward ban on new ICE cars 10 years to 2030
UK Prime Minister Boris Johnson announced a 10-point climate change plan late Nov. 17, promising GBP12 billion ($15.93 billion) of investment in a range of decarbonization initiatives while bringing forward Continue Reading
Crude oil futures rise on vaccine momentum despite near-term pandemic concerns
Crude oil futures ticked higher during mid-morning Asian trade Nov. 17 as reports of a highly effective Moderna vaccine carried the markets despite rising concerns over the number of COVID-19 Continue Reading
Oil Prices for Nov. 17, 2020: Brent Crude, WTI
Oil fluctuated near $41 a barrel as the dollar fell and traders weighed the potential for OPEC+ to delay a planned easing of output cuts. While headline prices have gained on Continue Reading
A Major Oil Rally Could Be On The Horizon
This year has been a true rollercoaster ride for the U.S. stock market, but it is increasingly looking to end on a high note. The S&P 500 has climbed nearly Continue Reading
We can stop COVID-19: Moderna vaccine success gives world more hope
Moderna Inc’s experimental vaccine is 94.5% effective in preventing COVID-19 based on interim data from a late-stage trial, the company said on Monday, becoming the second U.S. drugmaker to report Continue Reading