Charles Kennedy

Latest articles from Charles

• Brazil’s Oil Giant Slashes Its Five-Year Investment Plan

  Published 27 November 2020 | viewed 2,556 times

  Brazil’s state energy giant Petrobras has cut its five-year investment plan by 27 percent to $55 billion, driven by the effects of the coronavirus pandemic.…

• The Real Reason Oil Prices Went Negative In April

  Published 24 November 2020 | viewed 10,487 times

  Unusually high open interest in West Texas Intermediate was one of the two causes for the benchmark plunging into negative territory in late April, according…

• Houthis Rebels Attack Saudi Oil Facility

  Published 23 November 2020 | viewed 9,735 times

  The Houthi rebels in Yemen said today they had fired a missile against a target in the Saudi city of Jeddah and had hit it,…

• Oil Demand Is Primed For A Major Recovery

  Published 20 November 2020 | viewed 11,948 times

  Crude oil demand is likely to rebound next year following the promising news about a vaccine against the novel coronavirus, according to Fitch Solutions. In…

• Norway Opens New Arctic Oil Blocks For Exploration

  Published 19 November 2020 | viewed 1,708 times

  Norway is offering 136 offshore oil and gas exploration blocks in the Barents Sea and the Norwegian Sea, the country's Petroleum Directorate said today. recently…

• Oil Crash Continues To Claim Bankruptcy Victims In U.S. Shale Patch

  Published 18 November 2020 | viewed 21,058 times

  After a wave of bankruptcies in the third quarter, oil producers and oilfield services companies in the U.S. shale patch continued to file for protection…

• UK To Ban Sales Of Gasoline Cars From 2030

  Published 18 November 2020 | viewed 3,051 times

  The UK government will ban sales of gasoline and diesel cars from 2030, the BBC reported, citing Prime Minister Boris Johnson. The move is part…

• India Urges Oil Firms To Consider Foreign Partners To Boost Production

  Published 17 November 2020 | viewed 2,201 times

  India’s oil and gas companies should consider selling stakes in their exploration acreage to foreign companies with the technology to tap more oil and gas…

• Exxon’s Deepest Guyana Oil Well Disappoints

  Published 17 November 2020 | viewed 14,580 times

  After a series of major oil discoveries offshore Guyana, ExxonMobil and partners found that the deepest well drilled so far offshore the Latin American country…

• Tesla Stock Soars After S&P 500 Addition

  Published 17 November 2020 | viewed 1,739 times

  Tesla will join the S&P 500 index in December after reporting five consecutive quarterly profits. "Tesla Inc. (NASD:TSLA) will be added to the S&P 500…

• Sudan To Offer 27 Oil Concessions In Global Bidding Round

  Published 16 November 2020 | viewed 2,644 times

  The government of Sudan plans to offer to investors concessions of 27 oil blocks in the country via a global bid, Acting Energy Minister Kheiri…

• U.S. Natural Gas Stocks Close To Record-High At Refill Season End

  Published 16 November 2020 | viewed 6,357 times

  Natural gas inventories in the United States ended the injection season between April and October 2020 close to the all-time high from 2016, the Energy…

• Michigan Order Enbridge To Shut Down Line 5

  Published 16 November 2020 | viewed 11,751 times

  Michigan’s Governor Gretchen Whitmer and the director of the state’s Department of Natural Resources have revoked Enbridge’s easement for the operation of the twin Line…

• Twitter Blocks Iran Oil Minister's Account

  Published 16 November 2020 | viewed 2,326 times

  Twitter has blocked the official account of Bijan Zanganeh, the Petroleum Minister of Iran, IRNA has reported. The U.S. government slapped sanctions Ion Zanganeh in…

• OPEC+ Compliance With Cuts At 101% Ahead Of Crucial Meetings

  Published 13 November 2020 | viewed 21,019 times

  The OPEC+ group complied 101 percent with the oil production cuts in October, keeping a high level of conformity ahead of the crucial meetings over…

• Libya’s Oil Production Exceeds 1.2 Million Bpd

  Published 13 November 2020 | viewed 3,428 times

  Oil production in Libya has already exceeded 1.2 million barrels per day (bpd), a source in Libya’s oil industry told Reuters on Friday, while this…

• PDVSA Chief Goes to Russia To "Deepen Ties"

  Published 13 November 2020 | viewed 2,874 times

  The head of Venezuela's state oil company PDVSA, Asdrubal Chavez, and Venezuelan vice-president and economy minister Delcy Rodriguez are visiting Russia today to "deepen strategic…

• Energy Has Become Bargaining Chip In Brexit Talks

  Published 12 November 2020 | viewed 4,073 times

  The European Union (EU) is conditioning the United Kingdom’s access to the EU energy market to Britain, making concessions on the fishing rights in British…

• U.S. Wind Capacity Additions Set To Surge To Record In 2020

  Published 12 November 2020 | viewed 6,348 times

  The United States is on course to see record-breaking 23 gigawatts (GW) of wind turbine capacity additions this year, smashing the previous record from 2012…

• African Oil Producers Face Slump In Production

  Published 12 November 2020 | viewed 2,135 times

  The five largest producers of crude oil in Africa face a combined production decline of 19 percent as a result of the pandemic’s effect on…