Vaccine News Gives Hope for Spring, if Enough People Get the Shots
As coronavirus infections surged around the country in early November — and as the prospect of a long, dark winter loomed — it was not clear if any of the Continue Reading
U.S. Oil Production On Course To Hit Record Levels In 2023
U.S. oil production fell sharply in 2020, but the Energy Information Administration is expecting it to pick back up and even set new records in just two years, it said Continue Reading
Germany says it beat 2020 goal to cut greenhouse emissions
Germany’s economy minister says the country beat its target of cutting greenhouse gas emissions by 40% last year compared to 1990 levels. Peter Altmaier said figures show Germany’s emissions of Continue Reading
The UK Stands By Its Controversial Coal Mine Decision
Despite pressure from the UK’s climate change advisors, Prime Minister Boris Johnson’s office says it will not intervene in Cumbria County Council’s decision to approve the country’s first new deep Continue Reading
Shell’s profit slides 71% in 2020 as pandemic bites
Royal Dutch Shell’s profit last year dropped to its lowest in at least two decades as the coronavirus pandemic hit energy demand worldwide though the company said it expected to Continue Reading
Shell posts 87% earnings drop yet raises dividend
Royal Dutch Shell raised its dividend despite an 87 percent drop in earnings as the coronavirus pandemic hit energy prices, reduced production and weakened refining margins. For the three months Continue Reading
Covid trial in UK examines mixing different vaccines
A UK trial has been launched to see if giving people different Covid vaccines for their first and second doses works as well as the current approach of using the Continue Reading
Light Crude Settles Near $55
Oil climbed to the highest level in over a year as tightening global supplies and signs of strength in physical markets aided crude’s virus-recovery rally. Futures rose 2.3% in New Continue Reading
Crude oil tests one-year highs as market eyes OPEC+ compliance
Crude futures settled near one-year highs Feb. 2 amid a focus on OPEC+ production compliance and improved demand outlooks. Not registered? NYMEX March WTI settled $1.21 higher at $54.76/b and Continue Reading
After a Bruising Year, the Oil Industry Confronts a Diminished Future
Big Oil isn’t so big anymore. Exxon Mobil , BP and other large oil companies collectively lost tens of billions of dollars last year, posting their worst performance in years Continue Reading