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Oil & Gas Trade
U.S. Drillers Expected to Slash Oil and Gas rigs to Lowest Ever
The number of oil and gas rigs operating in the United States is expected to hit an all-time low this week - reflecting data going back 80 years - as the energy…
Oil & Gas Trade
North American Oil Producers Cut Output Quicker Than Some Expected
OPEC and allies led by Russia struck a deal in April to contain a worsening supply glut as the coronavirus pandemic cratered global fuel demand by about 30%, se…
Nuclear Power Plant
Egypt’s Nuclear Plant Project Continues Despite Virus Restrictions
The Egyptian nuclear project is underway, despite the restrictions imposed by the outbreak of the novel coronavirus and the Egyptian authorities’ decision to p…
Oil Shale
Exxon, Chevron Slam Brakes on Shale as Oil Demand Tumbles
Exxon Mobil Corp and Chevron Corp are slamming the brakes on U.S. shale oil production at a time when crude prices and fuel demand have plunged due to global …
Crude Oil
Oil Rises Further Above US$26 as Opec+ Begins Record Cuts
Oil rose further above US$26 a barrel on Friday as Opec and its allies embarked on record output cuts to tackle a supply glut due to the coronavirus crisis that…
Oil Price
Canada’s Oil Patch Struggles To Survive The Worst Recession Ever
Canada is likely going through its worst-ever recession, with more pain to come in May when the statistics authorities and analysts will have a fuller picture o…
Nuclear Power Plant
Finland Performs Remote Inspection of New Nuclear Plant Project
Finnish nuclear regulator STUK has carried out a scheduled inspection of RAOS Project Oy - a subsidiary of Russia's Rosatom - via Skype, in line with social dis…
Energy Transition
Invest in Nuclear for a Clean Economic Recovery
"Governments need to take urgent action to ensure that the recovery from the economic effects of the coronavirus brings long-lasting good," World Nuclear Associ…
Climate Policy
Major Corporates Urge EU to Put Net Zero at Heart of Covid-19 Recovery Plans
European Corporate Leaders Group joins EU's independent green finance advisory panel in calling for green coronavirus recovery plan.
Coal Price
The Coronavirus Pandemic is Accelerating Coal's Demise
Prices haven't yet turned negative (like oil), but coronavirus is accelerating the demise of the dirtiest fossil fuel.
Oil Price
OPEC Sees Oil Rising To $40 In Second Half Of 2020
In China, which was hit first by the coronavirus, and which exited the lockdown first, the return to normalization in the transportation sector “is driving up …
ABB Expects Sharp Drop in Demand from Coronavirus Lockdowns
Over the next three months, the coronavirus outbreak will trigger a "significant drop" in demand.
Solar Power Plant
Coronavirus Putting 150 GW of Asia Pacific Renewables Projects at Risk Says Report
Up to 150 gigawatts of wind and solar projects in the asia-pacific region could be delayed or cancelled.
Oil & Gas Trade
Iran's Petrochem Revenues to Drop by 30 Pct over COVID-19
Iran's revenues from exports of petrochemical products will decrease by nearly one third as the novel coronavirus pandemic has posed an adverse effect on the in…
Oil Shale
The Shale Suffering Has Only Just Begun
A few weeks before the summer driving season begins, U.S. gasoline consumption has plummeted to levels last seen in the late 1960s, due to the lockdowns to cont…
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