Crude oil futures were higher in mid-morning trade Asia Thursday, as more optimism emerged ahead of US President Donald Trump’s meeting with oil industry leaders later in the week. Receive Continue Reading
U.S. President Donald Trump said on Wednesday that Iran or its proxies planned a sneak attack on U.S. targets in Iraq, and warned they would pay a “very heavy price” Continue Reading
As Iran struggles with a devastating coronavirus outbreak, a broken economy and a severe shortage of medical equipment, it says that American trade sanctions are taking Iranian lives and has Continue Reading
The cost of hauling oil from the U.S. to China has skyrocketed to nearly $10 a barrel — almost half of what the American benchmark crude is currently valued at — Continue Reading
All across America, store shelves are emptying and people are becoming increasingly frustrated because they can’t get their hands on needed supplies. Most Americans are blaming “hoarders” for the current Continue Reading
The key S&P 500 index was down more than 4% on Wednesday after a dire warning on the U.S. death toll from the coronavirus and heightened nerves over the upcoming Continue Reading
The cost of hauling oil from the U.S. to China has skyrocketed to nearly $10 a barrel — almost half of what the American benchmark crude is currently valued at — Continue Reading
The last major oil-sands mine to start operating in northern Alberta could be Canada’s first big casualty of the Saudi-Russian price war and the Covid-19 pandemic. Teck Resources Ltd., one of Continue Reading
A Canadian company said Tuesday it plans to start construction of the disputed Keystone XL oil sands pipeline through the U.S. Midwest in April, after lining up customers and money Continue Reading
U.S. crude oil refinery inputs averaged 14.9 million barrels per day during the week ending March 27, 2020 which was 0.9 million barrels per day less than the previous week’s Continue Reading
U.S. oil producers may soon have access to federal oil storage space to alleviate the glut that is threatening to overwhelm existing private storage capacity. Bloomberg reports , quoting three Continue Reading
President Donald Trump said on Wednesday he was considering a plan to halt domestic flights to coronavirus hot spots inside the United States as the country struggles to contain a Continue Reading
President Donald Trump said the U.S. would meet with Saudi Arabia and Russia with the goal of stanching an historic plunge in oil prices. Trump, speaking at the White House Tuesday, Continue Reading
The U.S. government has extended for another 60 days sanction waivers that allow Russia, China, and European countries to continue nonproliferation work at Iranian nuclear sites. Secretary of State Mike Continue Reading
The price of one key U.S. oil grade is already the lowest in the modern era of the market, when adjusted for inflation. Louisiana Light Sweet crude, a key crude stream Continue Reading
The last time the global economy was in free fall, an economic savior showed up in southwestern Pennsylvania. Energy companies, which had discovered a way to get at the state’s Continue Reading
The United States has a long-running love affair with natural gas, with fossil fuels acting as the lynchpin in the country’s power generation mix , while nearly half of American Continue Reading
The United States may lose its top spot among oil producers globally this year, according to economists. With oil prices continuing their slide and Saudi Arabia reiterating its plans to Continue Reading
China National Offshore Oil Corporation (CNOOC) is postponing this year’s planned drilling campaign offshore Canada’s east coast because of the coronavirus pandemic, the Chinese state-held oil firm told CBC News Continue Reading
EKPC reduces four barge contracts by 16,000 st/month CCU Coal supply deal cut by 6,000 st/month East Kentucky Power Cooperative reduced its monthly delivery amounts with four barge coal suppliers Continue Reading
The Trump administration Tuesday issued final fuel economy targets for 2021-26 model-year light-duty vehicles, rolling back the existing targets to an annual efficiency increase of 1.5% from 5%. Receive daily Continue Reading
President Donald Trump attacked automakers for the second time in a matter of days, chiding their “foolish executives” as his administration completed the final step of a three-year quest to Continue Reading
Water temperatures in the Gulf of Mexico are running more than three degrees above average, increasing the prospects for severe thunderstorms and tornadoes this spring and potentially stronger hurricane activity Continue Reading
The oil-bears continue their romp across the energy markets with various grades of crude reaching lows not seen in almost twenty years. There will come a point where I can Continue Reading
As the oil war and coronavirus demand destruction rage on, WTI crude prices briefly dipped below $20 per barrel, but many prices aren’t even fetching $20 per barrel as they Continue Reading
Wall Street’s major indexes fell on Tuesday and the S&P 500 was headed for a record first-quarter decline on growing evidence of large-scale economic damage from the coronavirus pandemic. In Continue Reading
The United States is expected to allow Russian, Chinese and European companies to continue their work at Iranian nuclear sites to make it harder for Tehran to develop nuclear weapons, Continue Reading
Residents asked to remain at home as cases near 1,000 Social distancing could cut demand, imports by 400 MMcf/d As the number of reported coronavirus cases in Mexico continues to Continue Reading
Three states have moved toward enacting criminal penalties for protesting against fossil fuels amid the coronavirus pandemic. Kentucky Gov. Andy Beshear (D) was the first to enact such a law, Continue Reading
President Donald Trump is poised to roll back ambitious Obama-era vehicle mileage standards and raise the ceiling on damaging fossil fuel emissions for years to come, gutting one of the Continue Reading
Some regulators have declared moratoriums on cancellations and nonrenewals of policies. And some are urging car insurers to lower people’s bills. These states note that policyholders now working from home Continue Reading
The Trump administration is expected on Tuesday to announce its final rule to roll back Obama-era automobile fuel efficiency standards , relaxing efforts to limit climate-warming tailpipe pollution and virtually Continue Reading
Coronavirus is hitting the energy industry hard. First, it instigated a breakup between the OPEC+ countries of Saudi Arabia and Russia, leading to an oil price war which then led Continue Reading
High natural gas storage volumes combined with effects of the coronavirus outbreak could suppress demand and prices through at least the end of the summer and likely into winter, according Continue Reading
U.S. gasoline prices have dropped to their lowest levels in four years, and they are almost sure to go lower as oil prices plunge. Price-tracking services put the national average Continue Reading
A U.S. Navy ship outfitted with 1,000 hospital beds pulled into New York Harbor. Tents sprung up in New York City’s Central Park. The Javits Center, a 1.8 million-square-foot convention Continue Reading
Most Americans are now only allowed out to get supplies or exercise About three out of four Americans are now, or about to be, under some form of lockdown, as Continue Reading
US President Donald Trump and Russian President Vladimir Putin agreed on Monday to have energy officials from both countries discuss the dire state of the global oil market, the Kremlin Continue Reading
Russian President Vladimir Putin discussed the situation on global oil markets with his US counterpart, Donald Trump, Monday, according to a statement issued by the Kremlin press service. “There was Continue Reading
U.S. stock futures wobbled and oil dropped sharply Monday as investors grappled with the mounting economic toll after U.S. government officials signaled that measures to contain the coronavirus pandemic may Continue Reading
Congress has passed a $2 trillion rescue plan but before those funds start to flow, American companies from the owner of a single liquor store in Boston to corporate giants Continue Reading
The Seattle area, home of the first known coronavirus case in the United States and the place where the virus claimed 37 of its first 50 victims, is now seeing Continue Reading
More states are imposing special registration fees on electric vehicles, sparking complaints that the levies undermine efforts to get consumers to embrace alternative-fuel cars. Twenty-eight states charge from $50 to Continue Reading
As soon as U.S. shale leaves the market, prices will rebound and could reach $60 a barrel, Rosneft’s Igor Sechin said recently. As fate would have it, in what many Continue Reading
Russia said on Friday U.S. “narco-terrorism” charges against Venezuelan President Nicolas Maduro were absurd, adding that sanctions on Caracas could become “a tool of genocide” amid the coronavirus outbreak. The Continue Reading
The U.S. House of Representatives on Friday approved a $2.2 trillion aid package – the largest in American history – to help people and businesses cope with the economic downturn Continue Reading
A U.S. recession may already be underway. Could it be worse? The Great Depression that began with a stock market crash in 1929 and lasted until 1933 scarred a generation Continue Reading
The dollar edged higher on Friday but remained on track for its biggest weekly decline in four years, as trillions of dollars worth of stimulus efforts by governments and central Continue Reading
U.S. consumer sentiment dropped to near a 3-1/2-year low in March as the coronavirus epidemic upended life for Americans, and consumer spending was sluggish in February, strengthening economists’ expectations of Continue Reading
The oil industry’s meltdown is accelerating as explorers shut down scores of drilling rigs across the U.S. in response to cratering crude prices and expanding supply gluts. Oil companies idled 40 Continue Reading
