Gulf Keystone Petroleum initiates a…
The Biden administration plans to…
The fossil fuel industry has received plenty of flak over the past decade for its conspicuous role in climate change. The usual script goes something like this: Fossil…
Sales of plug-in hybrids and battery electric cars in the UK inched up to 7 percent of total sales in the first quarter of the year, Reuters’ John Kemp wrote this…
Even before the latest Saudi-instigated oil war crashed oil prices, Oman had a budget breakeven price per barrel of Brent of over US$85, with a senior legal source in Abu…
The coronavirus pandemic and the oil price collapse are accelerating the pace of bankruptcy filings in the U.S. shale patch this year. The number of filings had already started to…
We’ve always had difficulty understanding why US electric companies have not simply closed down old, smaller and least efficient coal-fired power plants quickly. From a simple bargaining perspective we thought…
The valuations of energy stocks have declined at one of their fastest clips this year thanks to a stubborn supply overhang, a price war, and massive demand destruction due to…
Royal Dutch Shell said that it could cut the value of its oil and gas assets by as much as $22 billion, as…
Lithium used to be a frequent headline-hogger when the EV revolution first began, with all sorts of analysts expecting the metal’s price to skyrocket as the world wanted…
Oil is in the midst of a tug-of-war, with accelerating COVID-19 transmissions and a recovery in demand pulling prices in all directions. (Click to…
With the global economy reeling, millions of jobs permanently destroyed, and more than half a million people dead, it’s hard to find anything positive…
Alberta's Conservative government is taking steps to jumpstart an economic recovery with a blueprint it released yesterday, which involves billions in infrastructure investment and a tax cut, among other measures. Under…
Royal Dutch Shell warned on Tuesday it could take as much as a $22-billion post-tax impairment charge for Q2, becoming the latest oil major warning of a massive write-down…
The Trump administration has taken dozens of actions during the Covid-19 pandemic to benefit the oil and gas industry, such as opening new lands for leasing, watering down…
This week BP released its Statistical Review of World Energy 2020. The Review covers energy data through 2019, and provides a comprehensive picture of…
Iraq produced more than 650,000 barrels per day (bpd) above its target output level in May and is now being asked to make up for its non-compliance…
Chesapeake Energy has filed for Chapter 11 bankruptcy protection, the company said to day, adding that it had signed a restructuring support agreement with creditors. The restructuring support agreement, which…
Fuel demand in the United States has been gradually increasing in recent weeks, clawing back over half of the consumption lost during the first couple of weeks of…
It has been a tough few months for the oil industry, and there’s more pain on the way as the industry struggles with disruptive forces that could completely…
Russian and other foreign mercenaries entered the Sharara oilfield on Thursday evening to prevent the resumption of oil production at the largest Libyan oilfield, Libya’s National Oil Corporation (NOC) said on…
Oil prices have fallen below $40 as the U.S. sees a record spike in COVID-19 cases and fears of demand weakness increase.For Global Energy Alert members there are…