Ears

Oil Price

Oil Rally Held Back By High Inventories, Coronavirus Fears

U.S. benchmark West Texas Intermediate is over $40 a barrel, a price level it has struggled to surpass in the past.

Oil Price

Oil Prices Will Hit $50 Before The End Of The Year

Despite fears of a second wave of COVID-19, oil markets rebounded last week, showing signs of improving fundamentals as global supplies continue to tighten.

Coal Production

CIL to Engage MDOs to Boost Coal Output

Coal India Limited will engage mine developer cum operators to increase its coal output and reduce import dependency of the dry fuel in the coming years.

Geothermal Power Plant

Indonesia Defers Geothermal Target of 7,000 MW by 5 Years to 2030

7,000 MW of geothermal power generation capacity by 2025 always promoted by the country’s Ministry of Energy and Mineral Resources (ESDM) for years.

Oil & Gas Trade

Venezuelan Oil Production Sinks to Lowest Output in 77 Years

Crisis-wracked Venezuela's relentless fall in oil production sunk to a new low in May, according to OPEC figures, a milestone in a decade of decline for the onc…

Market Analysis

Magellan Sees 3Q Gasoline Demand Recovery

Fuel demand in Magellan's Midstream Partners' more rural central US markets has recovered faster than more urban regions, chief executive Mike Mears said today.

Crude Oil

Oman Steps Up Plan to Build Middle East's Biggest Oil-Tank Farm

Oman's ambitious goal of building the biggest oil-storage facility in the Middle East is finally progressing, more than seven years after the Gulf sultanate ann…

Market Analysis

5 US Clean Energy Projects that Barreled Through the Coronavirus Lockdowns

Fears that the coronavirus outbreak would sideswipe the U.S. clean energy market appear overblown so far — and the proof is in the projects.

Crude Oil

Venezuela's Oil Exports have Plunged

Venezuela's oil exports have fallen nearly 28% in the first half of June, on course for the lowest level in over 70 years as tanker owners and operators suspend…

Geothermal Power Plant

Geothermal Project at Lakelse Lake in BC, Canada Clears Exploration Milestone

The geothermal project by Kitselas Geothermal Inc. has cleared a major exploration milestone and is looking now for more funding from government sources.

Solar Power Plant

15GW Wind-Solar Hybrid Power to Come Online in India: Report

SECI intends to set up 5GW wind and solar projects for the next 10 years.

Market Analysis

Are We Witnessing the Death of Coal?

Recent figures have not been kind to the coal industry, which in many countries has been in consistent decline over the last few years.

Electricity Transmission

Slovenia's ELES to Pay EUR 49.75 per MWh for Transmission Losses in 2021

The Slovenian transmission system operator completed the auction for baseload products it would buy for the next three calendar years. ELES said suppliers offer…

Oil Price

Rosneft Launches "Denationalization" Reorganization

Russia's largest state-owned oil company Rosneft experienced its first quarterly loss in eight years.

Oil Price

Oil Drops More than 8% as Fears Over Second Wave of Coronavirus Cases Hit the Market

Oil prices dropped more than 8% on Thursday amid a broader market sell-off as fears over a second wave of coronavirus cases led to investors shedding assets.