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Oil
Oil Price
Oil Climbs As U.S. Pushes For An End To The Price War
Oil prices continued to rise for the third day in a row, recovering earlier losses as U.S. lawmakers pressure Saudi Arabia to end the oil war.
Oil Price
Not Even The $2 Trillion Stimulus Package Can Save Oil Markets
The package would provide $2 trillion in funding, allocated directly to the White House’s plan which includes purchasing 77 million barrels of oil for the Stra…
Crude Oil
World’s Largest Oil Trader Says Demand Could Plummet By 20 Million Bpd
A dramatic change in oil demand coupled with an unexpected increase in production has upended the industry, Vitol’s chief executive Russell Hardy told Bloomber…
Oil & Gas Trade
Russia’s Unexpected Advantage in The Oil Price War
While the ruble is now at its lowest level against the dollar in four years, the cheaper ruble has a silver lining for Russia’s oil producers in the oil price …
Crude Oil
Global Oil Demand Forecast to Fall by 4.9 Million Barrels Per Day in 2020: Rystad
Global oil demand could fall by as much as 4.9 million barrels per day (bpd), or by about 4.9 per cent, in 2020 due to the coronavirus outbreak, Norway's bigges…
Oil Price
UK Supermarkets Cut Fuel Prices As Oil Continues to Plunge
The RAC said it is the largest single cut it has seen and predicted it will result in prices sinking to a four-year low.
Oil Shale
What Happens if U.S. Shale Goes Bust?
This month has seen a spectacular oil price crash the likes of which we haven't seen in decades. The last time we had since a single day oil price drop as drast…
Crude Oil
Thai Oil Refiners Cut Output as Fuel Demand Falls: Sources
Thailand is one of the largest oil refining centers in southeast Asia.
Solar Company
Adani Approves 2.1-GW Solar JV with Total Solar Singapore
India’s Adani Green Energy Ltd has agreed to set up a joint venture (JV) with a Singaporean unit of French oil and gas major Total SA and transfer 2.1 GW of it…
Crude Oil
Oil Ekes Out Gains as U.S. Stimulus Hopes Lift Global Markets
Oil prices extended gains for a third session on Wednesday, rising alongside broader financial markets on hopes Washington will soon approve a massive aid packa…
Oil & Gas Trade
U.S. Goes Ahead With Oil, Gas Lease Sales Despite Price Crash
Despite calls for immediate suspension of oil and gas drilling lease sales on federal land amid slumping prices, the U.S. will hold lease sales this week in fou…
Oil Price
Libya Says Oil Shutdown Losses Exceed $3.5 Billion
Libya's oil company says economic fallout from a protracted blockade of its vital oil facilities has resulted in losses surpassing $3.5 billion at a time when t…
Offshore Wind Power
France Oil Giant Total Enters Floating Offshore Wind Sector with UK Acquisition
French oil and gas major Total has acquired an 80% stake in the 96MW Erebus floating offshore wind projected to be built off the coast of Wales in the Celtic Se…
Oil Price
U.S. Diesel Cash Prices Latest to Slump from Coronavirus Fallout
U.S. ultra-low sulfur diesel was the latest product refined from crude oil to take a hit in its cash market last week, after refiners boosted production in a bi…
Shell Pauses $25bn Share Buyback Scheme Amid Oil Market Disruption
Weak demand and falling prices have persuaded Shell to suspend its share buyback scheme for the year, as French major Total follows suit.
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