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Gas
Oil Price
US Oil "Technically Worthless," and Coal Plants Shuttered, as a Tidal Wave of Bankruptcies Looms
May contracts for West Texas Intermediate (WTI) crude oil went as low as -$37.63 on Monday.
Crude Oil
Trump Says "Looking to" Add 75 mln Barrels of Oil to Strategic Petroleum Reserve
U.S. President Donald Trump said on Monday that the United States is "looking to" add 75 million barrels of oil to its Strategic Petroleum Reserve (SPR) as oil …
Oil & Gas Trade
Australia Says First in Line to Buy Crude to Store in US Strategic Reserve
Australia is at the head of the queue to buy oil and store it in the US Strategic Petroleum Reserve.
Oil Price
How Nigeria Can Leverage on Negative Oil Prices
Governments of oil producers like Nigeria, whose economies were already reeling from the headwinds brought on by COVID-19 must have been wondering what they wou…
ExxonMobil Breaks Ground on Multibillion-Dollar Chemical Complex in China
Multinational oil and gas corporation ExxonMobil Wednesday broke ground on its solely-funded chemical complex in Huizhou, southern China's Guangdong Province.
Oil & Gas Technology
Nigerian Refinery Achieves Digital Transformation in Record Time
Nigeria's dangote group has achieved a digital transformation led by SAP.
Oil Field
Trump Tells Chevron to "Wind Down" Oil Fields in Venezuela
The Trump administration on Tuesday ordered Chevron Corp. to "wind down" operations in Venezuela by Dec.
Oil & Gas Trade
UK Becomes World's Cheapest Natural Gas Market
Britain has become the cheapest natural gas market in the world.
Crude Oil
Mexico's President Fears The Economic Consequences As Oil Prices Go Negative
Mexico will try to reduce spending with additional austerity measures amid the coronavirus pandemic and the oil price collapse, but it will not dismiss governme…
Crude Oil
Trump Calls for U.S. Oil Industry Bailout as Prices Plunge
U.S. President Donald Trump said on Tuesday he has asked his cabinet to devise a plan to inject cash into the ailing U.S. oil-drilling industry to help it survi…
Oil Price
The Worst Is Yet To Come For Oil Prices
Dashing hopes for some oil producers who may have thought negative prices were a weird quirk, the June WTI contract fell sharply on Tuesday.
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…
Capstone Turbine to Launch Innovative Animal Waste Biogas Project
The 800kW biogas-powered facility will use a digester to process the organic biomass coming from the city of Handa.
Market Analysis
Analysis: Wind Energy Expansion Would have $27 Billion Economic Impact in the U.S.
Wind, which generates less greenhouse gas emission than burning fossil fuels, is making up an increasing share of the energy production portfolio in the United …
Solar Company
Total Eren Presents EIS for 150-MW PV Project in Chile
Paris-based independent power producer Total Eren SA is seeking to secure the environmental permit for the 150-MW Santa Isabel II solar photovoltaic project it…
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