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Canadian Government Commits C$320 Million to Aid Offshore Oil Industry
Canada will spend C$320 million to support its offshore oil industry, which has struggled as coronavirus pandemic travel restrictions reduced demand.
Oil & Gas Trade
India's August Crude Imports Continue Slide as Economy Stalls
India's crude oil imports declined in August, albeit at a slower pace, as soaring coronavirus cases continued to hit mobility and slowed economic recovery.
Coal-Fired Power Plants
India's Coal-Fired Power Output Picks up as Industrial Use Rises
India's coal-fired electricity generation rose 9.4 per cent in the first half of September, provisional government data showed, as demand from industrial wester…
Coal Production
COVID19 Lockdowns Shrink Colombia Coal Output by 48% YoY
Coal production in the world's fifth-largest coal exporter Colombia fell by 48.8% in the second quarter because of coronavirus quarantine measures and low inter…
Energy Transition
UN Chief Urges Japan, Others to Meet Goals on Climate Change
The United Nations chief urged Japan and other wealthy nations on Thursday to give up their reliance on coal and other fossil fuels and commit to investments in…
Extra UN Climate Talks Mooted for 2021 to Help Negotiators Catch Up
After losing a year to the coronavirus pandemic, UN Climate Change is considering an extra meeting in 2021 to resolve sticking points in the negotiations.
Coal Price
Asian Coal Prices Likely to Remain Depressed
Asian coal prices, which have fallen around 25% this year as power demand slumped due to the coronavirus outbreak, are unlikely to move higher before the end of…
IEA Lowers 2020 Oil Demand Forecast Citing Dismal Aviation Sector
The International Energy Agency (IEA) cut its 2020 oil demand forecast on Thursday, warning that reduced air travel due to the coronavirus pandemic would lower …
United States
IEA Lowers 2020 Oil Demand Forecast Citing Dismal Aviation Sector
The International Energy Agency (IEA) cut its 2020 oil demand forecast on Thursday, warning that reduced air travel due to the coronavirus pandemic would lower …
Saudi Arabia
Saudi Aramco Says Profit Fell 73 Percent as Demand for Oil Shrank
Saudi Aramco, the world’s largest oil company, said on Sunday that its quarterly earnings plunged more than 73 percent compared to a year ago, as lockdowns imp…
Saudi Arabia
Saudi Aramco Profit Collapses But Oil Giant Retains $75bn Dividend
State oil giant Saudi Aramco saw profit collapse nearly 75 per cent in the second quarter as the coronavirus pandemic decimated oil prices around the world.
United States
Total Takes US$7-Billion Hit on Exposure to Canada's Oil Sands
Total SE announced an US$8.1 billion writedown after the push to curb carbon emissions and the coronavirus pandemic challenged assumptions about the viability o…
Saudi Arabia
MENA Fund to Increase Saudi Investments with Eye to Recovery
Middle Eastern fund managers plan to increase investments in Saudi Arabia in the current quarter, betting on the kingdom’s ability to bounce back from the coro…
Oil Price
Oil steady as U.S. Stimulus Hopes Counter Demand Concerns
Oil prices were steady on Tuesday as hopes for additional U.S. measures to stimulate the economy countered a demand outlook dampened by rising of coronavirus ca…
Crude Oil
Virus Surge Dents Oil Demand Recovery Optimism
Jul.19 -- Oil futures are holding steady with an ongoing surge in coronavirus cases in some parts of the U.S. tempering optimism for a demand recovery.
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