Economy

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 …

Leeward Secures $162.9m Financing for Colorado Wind Farm

US-based independent power company Leeward Renewable Energy has completed financing for its 170MW Mountain Breeze wind farm located in Colorado.

Market Analysis

America’s Green Fuel Is Likely to Escape Negative Prices

The American ethanol industry has been absolutely pummeled in the last year, forcing a wave of production shutdowns across the Midwest.

Market Analysis

NAMIBIA: $63.23 Million Invested in Environmental Preservation Over 5 Years

According to a report recently released by the government of Namibia, N$1.2 billion (US$63.23 million) has been invested in environmental conservation. The fund…

Oil Price

Equinor Cuts First-Quarter Dividend by 67% Amid Oil Price Crash

Norwegian oil firm Equinor (EQNR.OL) will cut its quarterly dividend payment by two-thirds as part of an effort to preserve cash amid the collapse in crude pric…

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.

Market Analysis

Renewables will Provide Over 25% of US Capacity within 3 yrs

FERC's latest monthly "Energy Infrastructure Update" report (with data through February 29, 2020) also reveals that wind and solar are on track to each provide …

Coal Mine

Citi Stop Working with Hermal Coal Miners, to Reject Funding for Arctic Oil, Gas Exploration

Citigroup will stop providing financial services to thermal coal-mining companies over the next 10 years to help accelerate the economy’s shift away from fossi…

Market Analysis

Solar PV Corporate Funding Expected to Take a Hit

Lack of venture capital investment and reduced public market financing activity due to the COVID-19 pandemic is squeezing cash flows. Between January and March …

Canada Earmarks Energy Aid Funds to Reduce Emissions

Canada's prime minister announced a major aid package for the energy sector on Friday.

BlackRock GEPIF Obtains Financial Close for $5.1bn

BlackRock’s Global Energy and Power Infrastructure Fund (GEPIF) has obtained a $5.1bn financial close for the Global Energy and Power Infrastructure Fund III (…

Market Analysis

Coronavirus Spurs New Clash Between Big Oil and Big Corn Over U.S. Biofuels

A fuel demand meltdown caused by the coronavirus outbreak in the United States has started up a new fight between the oil and agriculture industries over the na…

States ask EPA for Nationwide Biofuel Waiver to help Oil Refiners Weather Coronavirus

The governors of five U.S. states have asked the Trump administration for a nationwide waiver exempting the oil-refining industry from the nation’s biofuel law…

Oil Price

Russia’s Oil Pain Deepens as OPEC+ Prepares to Cut Output

The Kremlin may have succeeded in ending its oil war with Saudi Arabia, yet the pain of crude’s crash is only just starting to hit Russia’s budget.

Oil & Gas Trade

Is Saudi Arabia Restarting The Oil War?

Saudi Arabia’s oil giant Aramco has just announced the pricing for its oil for May, with deeper discounts for customers in Asia for the second month in a row, …