Article Archive | Page 702

Mar 18, 2020 at 16:48

The United States and China are in a race to the top of the energy storage game. Last year, the energy storage industry exploded in China, with Wood…

Mar 18, 2020 at 16:39

In just one month, the coronavirus outbreak blew out to a full-on pandemic, threatening to tip the global economy into recession and affecting every country, industry, and supply chain.  …

Mar 18, 2020 at 14:41

Pipeline Master Limited Partnerships, (MLPs) were once the darlings of the energy industry. The CEO’s of companies like Kinder Morgan, (NYSE:KMI), Energy Transfer, (NYSE:ET), and Enterprise Products Partners,…

Mar 18, 2020 at 13:14

Russia’s revenues from oil and gas will be US$39.5 billion (3 trillion rubles) lower than planned, due to the tumbling oil prices, Russian Finance Minister Anton Siluanov said on…

Mar 18, 2020 at 11:32

Deep in the throes of a deadly pandemic, nations everywhere are grappling with the grim reality of a global community on lockdown. Travel bans and…

Mar 18, 2020 at 11:28

Saudi Arabia will continue to supply a record 12.3 million barrels per day (bpd) to the oil market in the coming months, as per order from the energy ministry, the…

Mar 18, 2020 at 12:01

The markets can’t seem to catch a break, with the Dow dropping below 20,000 points for the first time since 2017 as the coronavirus crisis continues to fuel…

Mar 18, 2020 at 10:55

More than 200 small- and medium-sized oilfield services operators in Europe, or 20 percent of all European oilfield services firm, could go bust as the coronavirus epidemic will hit the…

Mar 18, 2020 at 10:46

The Iraqi Oil Minister, Thamer al-Ghadhban, has asked OPEC’s head, Mohammed Barkindo to call an extraordinary meeting of OPEC+ to “discuss all possible ways” to reverse the oil…

Mar 18, 2020 at 10:03

Crude oil prices fell further today, with WTI prices falling to 18-year lows, after the Energy Information Administration’s latest weekly inventory report that estimated a 2-million-barrel build for the…

Mar 17, 2020 at 18:11

Saudi Arabia has repeated the blunder it made in November 2014 by increasing oil production during an oil-price collapse. In 2014, it led to a depression in the oil industry.…

Mar 17, 2020 at 18:27

Travel bans, border closures, and recommendations for self-isolation amid the coronavirus pandemic have aggravated fears of a global recession and pushed money managers to intensify the sell off of crude…

Mar 17, 2020 at 17:32

The coronavirus pandemic will almost certainly trigger a global economic recession, and the recession may have already started with major economies grinding to a standstill. The U.S. government has…

Mar 17, 2020 at 15:32

Big Oil had just announced overhauled long-term strategies to soothe investor concerns about climate change and become part of the solution in the energy transition—and then came the big oil…

Mar 17, 2020 at 14:52

Plummeting oil prices have been the focus of attention ever since Saudi Arabia and Russia fired the first shots in what analysts see as a potentially devastating oil price war.…

Mar 17, 2020 at 14:24

Oil prices fell on Monday, continuing to slide after taking major losses last week.  (Click to enlarge)…

Mar 17, 2020 at 13:59

After having instructed Aramco to boost production to unseen levels, Saudi Arabia now plans to boost oil exports in May to a record 10 million barrels per day, causing oil…

Mar 17, 2020 at 12:55

While the headlines for the last few weeks have been a lot of COVID-19 related doom and gloom, one study has really stood out. It turns out that there is…

Mar 17, 2020 at 11:17

The coronavirus pandemic and collapsing oil prices will slash the oil and gas revenues of vulnerable oil-reliant developing economies by up to 85 percent, the heads of OPEC and the…

Mar 17, 2020 at 10:18

Under any other circumstances, air carriers would be happily popping champagne corks after the latest massive oil price slump. After all, fuel typically accounts for up to 20% of an…