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News

Tacking The U.S. Infrastructure Crisis Could Save The Economy

Tacking The U.S. Infrastructure Crisis Could Save The Economy

May 26, 2020 at 13:51 | Michael Kern

Spending on public projects helped pull the United States out of the Great Depression and created a lasting network of employment that helps support America even today. Now,…

Russian Gas Flow To Europe Drops As Poland Transit Deal Expires

Russian Gas Flow To Europe Drops As Poland Transit Deal Expires

May 26, 2020 at 12:46 | Tsvetana Paraskova

The flow of natural gas from Russia to Europe via the Yamal-Europe pipeline crossing Poland completely stopped on Tuesday after a two-and-a-half-decade-old transit deal between Russia and Poland expired…

Alberta Energy Minister: Now Is The Perfect Time To Build A Pipeline

Alberta Energy Minister: Now Is The Perfect Time To Build A Pipeline

May 26, 2020 at 11:40 | Irina Slav

With social distancing measures in place, pipeline opponents would find it hard to gather for protests, which makes this the perfect time to build a pipeline, Alberta’s Energy Minister Sonya…

Australia Embarks On A Mammoth Renewable Energy Exporting Project

Australia Embarks On A Mammoth Renewable Energy Exporting Project

May 26, 2020 at 10:31 | Tom Kool

As well as being a world-class LNG exporter, Australia may soon become a major exporter of renewable energy. Engineers are now…

South Korea Embarks On An Ambitious Renewable Energy Plan

South Korea Embarks On An Ambitious Renewable Energy Plan

May 26, 2020 at 09:50 | Irina Slav

South Korea has made public a long-term energy plan that stipulates a shift to more renewable energy at the expense of fossil fuels and nuclear power. The Korea…

Why Bitcoin Miners Should Head To Oil Country

Why Bitcoin Miners Should Head To Oil Country

May 25, 2020 at 17:52 | Safehaven.com

In 2017, bitcoin burst into the global consciousness when it soared from below $1,000 to nearly $20,000. It then just as quickly dropped out of the limelight as…

Russia’s Energy Minister Sees Oil Market Rebalancing By July

Russia’s Energy Minister Sees Oil Market Rebalancing By July

May 25, 2020 at 17:19 | Julianne Geiger

Amid the coronavirus pandemic, oil demand has plummeted over the last few months but Russia’s oil minister sees the global supply and demand situation rebalancing within two months, according to…

India Sees Fuel Demand Reaching Pre-Virus Levels In June

India Sees Fuel Demand Reaching Pre-Virus Levels In June

May 25, 2020 at 14:28 | Tsvetana Paraskova

India’s fuel demand, which had crashed by 60 percent during the early days of its two-month lockdown, is set to reach pre-coronavirus levels in June, Indian Oil Minister Dharmendra Pradhan…

Oil Firms Among Worst Hit As Wave Of Bankruptcies Hits Texas

Oil Firms Among Worst Hit As Wave Of Bankruptcies Hits Texas

May 25, 2020 at 14:12 | Tsvetana Paraskova

Oil and gas companies, as well as the retail industry, are the worst hit sectors in the COVID-19 pandemic that swept through businesses in Texas, bankruptcy and restructuring lawyers say.…

Iranian Fuel Tankers Reach Venezuela Despite U.S. Resistance

Iranian Fuel Tankers Reach Venezuela Despite U.S. Resistance

May 25, 2020 at 12:27 | Irina Slav

The first of five tankers carrying Iranian fuel for gasoline-starved Venezuela reached the country’s waters during the weekend, Reuters has reported, noting that the vessel Fortune entered Venezuela’s exclusive…

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