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Month: December 2020

Category:
  • Shale Oil

Oil Major Chevron Slashes Spending Plans Following COVID Crisis

Chevron Corporation is reducing its capital and exploratory budget for the next five years by billions of U.S. dollars compared to previous guidance as it looks to save its dividend Continue Reading

Posted On : 4 Dec 2020 Published By : Tom Whipple
Category:
  • Saudi Arabia
  • USA

Saudi Oil Exports To U.S. Slump To 35-Year Low

Saudi Arabia’s crude oil exports to the United States fell to the lowest in 35 years in October, averaging less than 100,000 bpd, Bloomberg reported , citing preliminary and historical Continue Reading

Posted On : 4 Dec 2020 Published By : Tom Whipple
Category:
  • Natural Gas Supply

US working natural gas volumes in underground storage fall 1 Bcf: EIA

US natural gas in storage fell only 1 Bcf during the week that featured the Thanksgiving holiday in the US, drawing down Henry Hub futures further, but withdrawals should return Continue Reading

Posted On : 4 Dec 2020 Published By : Tom Whipple
Category:
  • Coal

Weekly US coal production totals 10.6 million st, down 5.2% on week: EIA

Weekly US coal production was estimated at 10.6 million st in the week ended Nov. 28, down 5.2% from the previous week, Energy Information Administration data showed Dec. 3. Receive Continue Reading

Posted On : 4 Dec 2020 Published By : Tom Whipple
Category:
  • Shale Oil

The Death Of U.S. Shale Has Been Greatly Exaggerated

The current year marks the 15th anniversary of the U.S. shale boom, a period in which fracking technology across such states as Texas, Colorado, New Mexico, North Dakota, and Wyoming Continue Reading

Posted On : 4 Dec 2020 Published By : Tom Whipple
Category:
  • Ukraine

Tough Macron stance leaves Brexit deal hanging in balance

Emmanuel Macron, French president, wants to preserve a substantial chunk of existing fishing rights for the French fleet in British waters after Brexit and is also insisting on a strict Continue Reading

Posted On : 4 Dec 2020 Published By : Tom Whipple
Category:
  • United Kingdom

France Will Veto Any Brexit Deal It Sees as Unsatisfactory

France will veto any trade deal between the U.K. and the European Union that doesn’t respect its interests, French European Affairs Minister Clement Beaune said on Friday. “If there is a Continue Reading

Posted On : 4 Dec 2020 Published By : Tom Whipple
Category:
  • Electric Planes

Airbus (AIR:FP) Bets on Hydrogen to Deliver Zero-Emission Planes

There are plenty of obstacles standing in the way of developing the first zero-emission, hydrogen-powered plane. It’s tricky to safely store and use the highly combustible fuel. There aren’t any Continue Reading

Posted On : 4 Dec 2020 Published By : Tom Whipple
Category:
  • Europe

Brussels warns Poland and Hungary they cannot stop EU recovery fund

The EU budget commissioner has warned Poland and Hungary that Brussels is ready to cut them out of the recovery fund and proceed with the project without them if they Continue Reading

Posted On : 4 Dec 2020 Published By : Tom Whipple
Category:
  • Denmark

Denmark to end all North Sea oil, gas production by 2050, bans new exploration

 Denmark’s government agreed late Dec. 3 to end oil and gas exploration and production in the North Sea by 2050, as well as canceling its latest licensing round. Receive daily Continue Reading

Posted On : 4 Dec 2020 Published By : Tom Whipple

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