European Central Bank faces gloomier picture for economy
The European Central Bank is looking at a darkening picture for the economy as infections and deaths surge. With more than a trillion euros of pandemic stimulus still in the Continue Reading
Dutch propose curfew to rein in virus; will ban more flights
The Dutch government wants to impose a curfew as part of beefed-up restrictions to rein in the spread of a new more contagious virus variant that already accounts for at Continue Reading
Norway’s NEL targets $1.5/kg green hydrogen cost by 2025
Norwegian electrolysis company NEL aims to produce renewable hydrogen at $1.5/kg by 2025, outcompeting fossil fuel-derived alternatives, it said Jan. 21. Scaling up electrolysis to multi-GW size is seen as Continue Reading
Crude oil futures rise on stimulus expectations following Yellen’s comment
Crude oil futures rose in the mid-morning trade in Asia Jan. 20, as stimulus expectations continued to provide a tailwind to the oil market, even as fresh coronavirus outbreak in Continue Reading
Oil Rises With Stimulus Hopes Overshadowing Gloomy IEA Forecast
Oil extended gains on more dollar weakness and expectations U.S. President-elect Joe Biden’s incoming administration will take steps to revive growth and energy demand in the world’s largest economy. Futures in Continue Reading
Oil Prices Gain on Yellen Call for Big Stimulus
Oil surged the most in over a week in London as broader markets rallied on expectations of additional U.S. stimulus boosting the economy. Futures in London rose 2.1% on Tuesday. Continue Reading
Analysis: Oil benchmarks pause; await more evidence of physical oil market rebalancing
The physical oil market is walking a tightrope between the momentum spurred by the surprise Saudi Arabian cuts and the pressure of renewed lockdowns in many countries, which is keeping Continue Reading
IEA: Oil fundamentals on stronger trajectory
The global COVID-19 vaccine roll-out is putting oil fundamentals on a stronger trajectory for the year, with both supply and demand shifting back into growth mode following 2020’s collapse, according Continue Reading
Oil Majors Win Big As LNG Prices Soar
Shell turned the lights back on at its Prelude offshore LNG facility just as Asia was being frozen by a cold spell that sent prices for liquefied natural gas sky-high. Continue Reading
Oil Tanker Owners Pay to Move Crude in Wake of Saudi Supply Cuts
Saudi Arabia’s oil production cuts have hit the tanker market so hard that the biggest vessels in the market are effectively subsidizing cargo deliveries on the industry’s main trade route. Continue Reading