Petroleos Mexicanos expects its gasoline sales won’t fully recover to pre-pandemic levels this year as lockdown measures hurt demand and competitors win market share. While the state-owned company’s gasoline sales are Continue Reading
Pampa Energia, the fifth-biggest natural gas producer in Argentina, is taking its first steps to produce oil from the Vaca Muerta shale play while also stepping up gas output on Continue Reading
China’s economy likely grew at a record pace of 19% in the first quarter, rebounding from a pandemic slump early last year as demand recovered at home and abroad and Continue Reading
The U.S. economic recovery accelerated to a moderate pace from late February to early April as consumers, buoyed by increased COVID-19 vaccinations and strong fiscal support, opened their wallets to Continue Reading
The U.S. economy is emerging from a year of lockdowns in a big way and that’s showing up in the oil market. A rolling average of U.S. gasoline demand rose to Continue Reading
A group of 175 former world leaders and Nobel laureates is urging the US to take “urgent action” to suspend intellectual property rights for Covid-19 vaccines to help boost global Continue Reading
The cost of building solar farms has been declining for several years, making solar power increasingly popular with projects of all sizes mushrooming around the world. The tide is now Continue Reading
Over the past 60 years, U.S. oil production has seen its ups and downs. From the decline that began in 1970 through the fracking boom of the 2000s, U.S. presidents Continue Reading
Canada’s crude oil imports fell by 20 percent in 2020 due to lower demand in the pandemic, but the United States further cemented its position as top oil supplier to Continue Reading
The U.S. power sector has reduced emissions by 52 percent from levels projected 15 years ago, and is now “halfway to zero,” a New Berkeley Lab study showed , as Continue Reading
