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Oil & Gas Trade
Trump Says 'Doesn't Care About OPEC', Will Put Tariffs on Oil Imports If He Has to
President Donald Trump said on Saturday that he "does not care about OPEC" and that he will put tariffs on oil imports to the United States if he has to in orde…
Crude Oil
Fuel Consumption Sees Drastic Drop
Despite petrol bunks having remained open during the lockdown period, the consumption of diesel and petrol has come down drastically.
Oil & Gas Trade
Tunisia and Algeria to Sign a 10 Year Gas Supply Deal
Tunisia and Algeria are to sign a 10 year gas supply deal according to the governments of Tunisia and Algeria represented by their respective Energy and Mines M…
Oil & Gas Trade
Saudi Arabia and Russia Signal Readiness to Cooperate on Oil
Saudi Arabia and Russia signalled on Thursday they were ready to cooperate to help stabilise the oil market after calls with U.S. President Donald Trump to disc…
BP is Pulling Out of Three Trade Groups Over Climate Policies
BP is withdrawing from three trade groups over climate policies, a move that comes after the company vowed to reach net-zero carbon emissions by 2050.
Electricity Trade
Ethiopia Signs $800 Mln Geothermal Power Purchase Agreement
Ethiopia has signed a power purchase agreement worth $800 million with the developers of a 150 MW geothermal plant, the prime minister said on Thursday.
Oil & Gas Trade
Showing Honest Solidarity and Working Remotely ElektroMotion Series Being Supportive Technology
Recently industrial activity has been substantially reduced and labor forces worldwide have been affected heavily.
Oil Shale
U.S. Shale Company Whiting Becomes First Major Bankruptcy of Oil-Price Crash
Whiting Petroleum Corp filed for Chapter 11 bankruptcy, the U.S. shale producer said on Wednesday, the first publicly traded casualty of crashing crude oil pric…
Oil & Gas Trade
India's Top Refiner Declares Force Majeure On Oil Imports From Saudi Arabia
Indian Oil Corp (IOC), the country’s biggest refiner and fuel retailer, has declared a force majeure on oil imports from some of its top oil suppliers, includi…
Coal Trade
Coronavirus Could Crush US Coal Industry
The spread of the coronavirus could place a heavy burden on already struggling coal miners in the United States.
Coal Trade
U.S. Coal Exports Declined in 2019
In 2019. U.S. coal exports declined to 93 million short tons, a 20 percent decrease from the previous year, according to the U.S.
Oil & Gas Trade
Australia's Woodside Slashes $2 bln in Spending, Delays Key Gas Projects
Woodside Petroleum has halved its 2020 spending forecast and delayed the start of two of its biggest gas projects.
Oil & Gas Trade
Demand Destruction Foils Saudi Arabia’s Plan To Flood Europe With Oil
Saudi Arabia has promised a flood of cheap oil to Europe as it aims to hit its former ally Russia in its own backyard, but it looks like demand for the ultra-ch…
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 …
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