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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…
Covid-19 Set To Wipe Out $1 Trillion In Oil Production Revenues
Before the pandemic, Rystad Energy was forecasting annual E&P revenues at US$2.35 trillion this year and US$2.52 trillion in 2021.
Market Analysis
IEA: 25% Fall in Weekly Energy Demand During Covid-19 Pandemic
The International Energy Agency (IEA) has released a report into the impacts of Covid-19 on global energy demand and carbon dioxide emissions, revealing that …
IEA: 25% Fall in Weekly Energy Demand During Covid-19 Pandemic
The IEA noted that global renewable energy generation is up 3 during the pandemic, one of few bright spots during the crisis.
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…
Crude Oil
Russian Oil Production Set For First Annual Drop Since 2008
Due to the OPEC+ production cut deal, Russia’s oil production could decline by 15 percent annually in 2020, Russian Energy Minister Alexander Novak told news a…
Coal-Fired Power Plants
Great Britain Sets No-Coal Record as Pandemic Reduces Demand
Great Britain broke the record for the longest period of electricity generation without coal, according to energy data analyst EnAppSys.
Solar Power Plant
Israel’s Plan to Recover from Covid-19 Crisis Includes 2 GW of New Solar
The country also intends to re-tender its canceled procurement exercise for the Dimona solar power plant in the Negev desert. The capacity of the project will b…
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.
Tidal Energy
Major Tidal Turbine Installed in China Despite Pandemic
SIMEC Atlantis Energy (Atlantis), through its partnership with ITPEnergised, has worked with The China Shipbuilding Industry Corporation and China Three Gorges…
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 & Gas Trade
Russia’s Energy Ministry Expects Gradual Revival in Oil Demand in Second Half of Year
Minister Alexander Novak said before it happens oil producing countries should avoid filling of oil storage facilities to the full and prevent a market collapse…
Oil & Gas Trade
Covid-19: Saving Nigeria from the Peril of Oil Economy
It is no gainsaying the fact that the global pandemic Coronavirus has made the world economy to shrink. With a sudden shutdown of most countries to contain the …
Coal Mine
Pandemic Shutdown Is Speeding Up The Collapse Of Coal
Coal mines across the country have begun to close, lay off workers and reduce production.
Market Analysis
Why The World Is Still Pumping So Much Oil Even As Demand Drops Away
With the global economy in a pandemic-induced coma, the world just doesn't need a lot of oil.
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