ExxonMobil continues to expect that…
Billionaires' ventures into space travel…
The US Senate has approved…
Venezuela has started shutting down gasoline stations across the country as a shortage of fuels has prompted rationing, Bloomberg reports. According to an unnamed source who spoke to Bloomberg,…
Refining operations in Europe and elsewhere in the world are being curtailed as gasoline and jet fuel demand is falling off a cliff due to the enormous demand destruction in…
For sports fanatics, these are trying times. It may seem trivial compared to the coronavirus, but we as a society have always needed sport as a…
As crashing oil prices hit U.S. oil and gas companies, one Texas lawmaker is asking the Department of the Interior to reduce the royalties that firms pay for oil and…
In China, the shutdowns to contain COVID-19 have stalled so many industries and kept so many vehicles off the road that the virus has indirectly saved
The largest oil supply surplus the world has ever seen in a single quarter is about to hit the global market from April, creating an imbalance of around 10 million…
The Federal Energy Regulatory Commissions voted overwhelmingly in favor of the Jordan Cove LNG project in Oregon but set one condition: Pembina, the company behind the project, must obtain all…
“Everything” in the Mexican budget that needs to be covered by oil revenues is covered, the country’s Finance Minister, Arturo Herrera, said as quoted by Reuters, in response to a…
Following the 2014 Thanksgiving massacre, Saudi Arabia effectively broke up OPEC to try to kill the US shale sector by overproducing oil and sending prices plunging. It failed…
Hydrogen gets a lot of attention as a feasible, green alternative to traditional fossil fuels, and even as the potential solution to commercial nuclear fusion
The rich are getting richer, inequality is on the rise, and the middle class, the backbone of the US economy since the 1950s, is shrinking. In 2018 the three…
While U.S. crude oil imports from OPEC and Mexico have slumped over the past decade and a half, crude imports from Canada have more than doubled due to the price…
European gas demand in 2020 is likely to drop by 0.7 percent compared to our pre-coronavirus forecast, according to Rystad Energy’s most likely scenario. Growth will be limited to just…
The UK’s oil and gas industry has called on the government to help the sector as it faces three separate challenges, that could see production plummet.
Fitch Ratings has slashed its short- and medium-term oil price assumptions, expecting a record glut in 2020 that will keep the market off balance at least in the next two years. …
An estimated $638bn (£489bn) could be wasted worldwide on using coal to generate electricity. That’s according to a report released today which advises international governments to stop using coal as…
LNG Canada has laid off 750 people as a preventive measure against the Covid-19 pandemic before it reaches the construction site of the liquefaction facility. CBC reports the company…
Alberta’s long-suffering oil industry is “on life support” because of the spread of the Covid-19 pandemic—and things will get worse before they get better, Premier Jason Kenney told media as
Sydney-based consultancy CAPA Centre for Aviation warned in a statement on Monday morning that most of the world's airlines will be bankrupt by the end of May. Airline carriers are suspending routes…
Russia, hit by falling oil prices and the coronavirus outbreak, has announced the formation of a $4 billion…