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Will Big Oil See Better Earnings In Q2?

Will Big Oil See Better Earnings In Q2?

The energy sector has underperformed…

Automotive Industry Grapples with Plummeting Resale Values of EVs

Automotive Industry Grapples with Plummeting Resale Values of EVs

European automakers are struggling with…

The Making of a Russo-African Iron Curtain

The Making of a Russo-African Iron Curtain

As Western nations are withdrawing…

News

Senator Calls On Trump To Embargo Russia, OPEC Crude

Senator Calls On Trump To Embargo Russia, OPEC Crude

Mar 18, 2020 at 17:06 | Julianne Geiger

“We will not be bullied” is the message Senator Kevin Cramer would like President Donald Trump to send to Saudi Arabia and Russia about the unsettled oil markets that the…

Commercial Nuclear Fusion Is Closer Than Ever

Commercial Nuclear Fusion Is Closer Than Ever

Mar 18, 2020 at 14:55 | Haley Zaremba

Not all the news this week is doom and gloom. First, there was the report that coronavirus is actually saving lives in China…

Will The U.S. Ban Short Sellers To Protect Markets?

Will The U.S. Ban Short Sellers To Protect Markets?

Mar 18, 2020 at 14:50 | Julianne Geiger

As markets plummet around the globe, Malaysia, Belgium, France, Italy, and Spain have all banned the short-selling of some stocks to stanch the market bleeding. The bold moves that…

Japan Launches Its First Large-Scale Offshore Wind Farm

Japan Launches Its First Large-Scale Offshore Wind Farm

Mar 18, 2020 at 14:02 | Precise Consultants

Moves to unlock the full potential of Japan’s offshore wind industry are underway with the announcement of a task force set up to accelerate the sector’s development. Ambitions…

India’s Fuel Demand Tumbles 11 Percent

India’s Fuel Demand Tumbles 11 Percent

Mar 18, 2020 at 12:06 | Tsvetana Paraskova

The coronavirus outbreak has restricted travel and slowed down industrial activity in India to the point of reducing overall fuel demand in the country by 10-11 percent in the first…

Is The Mining Sector Prepared For A Commodity Slump?

Is The Mining Sector Prepared For A Commodity Slump?

Mar 18, 2020 at 11:15 | MINING.com

The metals and mining sector will be moderately exposed as a result of the ongoing coronavirus outbreak worldwide, said Moody’s in its latest report on global sectors based…

U.S. Oil Prices Tumble 14% As Recession Fears Grow

U.S. Oil Prices Tumble 14% As Recession Fears Grow

Mar 18, 2020 at 11:11 | Tsvetana Paraskova

The benchmark U.S. oil price plunged to its lowest level in 18 years early on Wednesday and Brent Crude dipped below $30 a barrel for a four-year-low, as the worsening…

Oil Giant Forced To Furlough 3,500 Workers

Oil Giant Forced To Furlough 3,500 Workers

Mar 18, 2020 at 10:27 | Irina Slav

Oilfield services major Halliburton will furlough 3,500 employees for two months amid a drive to cut costs in the U.S. shale industry following the oil price rout sparked by the…

Surprise Inventory Draw Fails To Move Oil Markets

Surprise Inventory Draw Fails To Move Oil Markets

Mar 17, 2020 at 16:04 | Julianne Geiger

The American Petroleum Institute (API) estimated on Tuesday a surprise crude oil inventory…

U.S. Senators Urge Saudi Arabia To End Oil War

U.S. Senators Urge Saudi Arabia To End Oil War

Mar 17, 2020 at 15:03 | Tsvetana Paraskova

A dozen U.S. Republican Senators are urging the world’s top oil exporter Saudi Arabia to review plans to significantly boost oil supply to the market and lower oil prices…

Booming U.S. Solar Industry Hit By Coronavirus Pandemic

Booming U.S. Solar Industry Hit By Coronavirus Pandemic

Mar 17, 2020 at 14:33 | Tsvetana Paraskova

The flourishing U.S. solar industry is already experiencing supply delays due to coronavirus-inflicted supply chain disruptions and may not meet the deadlines for projects to take full advantage of tax…

Oil Prices Fall As Trump Urges People To Stay Home

Oil Prices Fall As Trump Urges People To Stay Home

Mar 17, 2020 at 13:07 | Michael Kern

President Donald Trump announced on Monday that the U.S. government would be ramping up its efforts to contain the coronavirus outbreak and ease the economic impact it has caused…

Large Iraqi Oilfield Goes Offline As Operator Evacuates Staff

Large Iraqi Oilfield Goes Offline As Operator Evacuates Staff

Mar 17, 2020 at 12:00 | Tsvetana Paraskova

Operator Petronas has evacuated its employees from an oilfield in Iraq in an effort to protect them from the spreading coronavirus, which has forced Iraq to suspend production at the…

China's Power Demand Dives In 2020

China's Power Demand Dives In 2020

Mar 17, 2020 at 10:50 | Irina Slav

China’s power consumption in the first two months of the year fell 7.8 percent on 2019 because of the coronavirus outbreak, Reuters reports, citing data from the National Development…

Exxon To Slash Spending As Oil Price Collapse Continues

Exxon To Slash Spending As Oil Price Collapse Continues

Mar 17, 2020 at 10:27 | Irina Slav

Exxon has become the latest U.S. oil company to announce plans for spending cuts amid the coronavirus outbreak that caused a price slide significantly aggravated by Saudi Arabia’s decision to…

$30 Oil Won’t Keep U.S. Shale From Setting Production Record

$30 Oil Won’t Keep U.S. Shale From Setting Production Record

Mar 16, 2020 at 18:23 | Julianne Geiger

Despite the low oil prices that brought on by the combination of the coronavirus pandemic’s migration to the United States and the oil price war between Russia…

Asian Oil Buyers Look For Smaller Ships As Supertanker Rates Explode

Asian Oil Buyers Look For Smaller Ships As Supertanker Rates Explode

Mar 16, 2020 at 14:49 | Tsvetana Paraskova

Asian refiners are increasingly looking to book smaller tankers to load oil from the Middle East as the freight costs for chartering supertankers have surged after Saudi Arabia pledged to…

Azerbaijani Economy At Stake As Oil Prices Plummet

Azerbaijani Economy At Stake As Oil Prices Plummet

Mar 16, 2020 at 14:24 | Eurasianet

Demand for dollars has spiked in Azerbaijan amid fears of another currency devaluation following a plunge in oil prices. A feud between Saudi Arabia and Russia led to a…

The One Russian Oil Giant China Simply Refuses To Deal With

The One Russian Oil Giant China Simply Refuses To Deal With

Mar 16, 2020 at 13:55 | Tsvetana Paraskova

China’s state oil and chemicals company Sinochem doesn’t want to have anything to do with crude oil related in any way to Russian oil giant Rosneft or any of its…

Big Oil Switches To Remote Work Over Coronavirus Scare

Big Oil Switches To Remote Work Over Coronavirus Scare

Mar 16, 2020 at 12:37 | Irina Slav

Large oil companies in the United States have asked their office employees to work from home and instituted health checks for those who cannot work from home, Reuters reports.…

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