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The $8 Trillion Megatrend Taking Wall Street By Storm

The $8 Trillion Megatrend Taking Wall Street By Storm

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Russia Considers Extending Oil Output Cuts Beyond June

Russia Considers Extending Oil Output Cuts Beyond June

Russia’s Energy Minister Alexander Novak…

2 Hot Hydrogen Stocks Right Now

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News

SUV Sales Exceed 40% Of Global Car Sales For The First Time

SUV Sales Exceed 40% Of Global Car Sales For The First Time

May 28, 2020 at 13:17 | Tsvetana Paraskova

Sales of SUVs have been continuously rising not only in America but also around the world, to the point of exceeding 40 percent of all new car sales worldwide in…

U.S. Renewable Energy Consumption Beats Coal For First Time In 130 Years

U.S. Renewable Energy Consumption Beats Coal For First Time In 130 Years

May 28, 2020 at 12:42 | Tsvetana Paraskova

The rise of renewables and declining coal electricity generation resulted in energy consumption from renewables in the United States surpassing in 2019 coal consumption for the first time since 1885,…

Alberta Cuts 1 Million Bpd In Oil Production

Alberta Cuts 1 Million Bpd In Oil Production

May 28, 2020 at 11:40 | Irina Slav

Alberta has cut oil production by 1 million bpd so far, the province’s Energy Minister, Sonya Savage, has told OPEC, according to Reuters. “The Minister stated there is currently no point…

Libya's Oil Blockade Has Cost The Country Over $5 Billion

Libya's Oil Blockade Has Cost The Country Over $5 Billion

May 28, 2020 at 10:00 | Irina Slav

Libya’s crude oil exports have shrunk by 92 percent and the National Oil Corporation has lost some $5 billion since the start of the oil blockade early this…

Russia Ready To Boost Production As Soon As OPEC+ Deal Ends

Russia Ready To Boost Production As Soon As OPEC+ Deal Ends

May 28, 2020 at 09:18 | Tsvetana Paraskova

Russia’s government approved on Tuesday a plan to have new oil wells drilled this year and next for 2022 production, the office of First Deputy Prime Minister Andrey Belousov

Energy Executives See Big Payday Despite Oil Crash

Energy Executives See Big Payday Despite Oil Crash

May 27, 2020 at 19:42 | Michael Kern

The coronavirus pandemic has shaken Big Oil to its core. Many companies have lost over a quarter of their value since the crisis began, and with little hope…

Oil Plunges After API Reports Large Unexpected Crude Inventory Build

Oil Plunges After API Reports Large Unexpected Crude Inventory Build

May 27, 2020 at 15:53 | Julianne Geiger

The American Petroleum Institute (API) estimated on Tuesday a large crude oil inventory build, of 8.731 million barrels for the week ending May 22. Analysts had predicted an inventory draw…

Chevron Plans Massive Workforce Reduction

Chevron Plans Massive Workforce Reduction

May 27, 2020 at 14:53 | Julianne Geiger

Chevron Corp has plans to cut between 10 percent and 15 percent of its workforce as crude oil prices remain stubbornly low amid the coronavirus pandemic and oversupply. With…

Ukrainian Government Greenlights U.S. LNG Imports

Ukrainian Government Greenlights U.S. LNG Imports

May 27, 2020 at 14:35 | Tsvetana Paraskova

The government of Ukraine, which is keen to wean itself off Russian energy supplies, approved on Wednesday a plan to import liquefied natural gas (LNG) from the United States, Reuters…

US Considers New Sanctions On Russia-Led Nord Stream 2 Pipeline

US Considers New Sanctions On Russia-Led Nord Stream 2 Pipeline

May 27, 2020 at 14:06 | Tsvetana Paraskova

The United States is currently considering additional sanctions on the Russia-led gas pipeline project Nord Stream 2 which is planned to bring Russian gas to Germany via the Baltic Sea,…

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