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Crude Oil
Crude Oil Futures Rise on Spot Demand
Crude oil prices on Friday rose Rs 40 to Rs 1,874 per barrel as participants widened their positions on firm spot demand.
Oil Price
Russia’s Gazprom Neft Sees Oil Prices Topping $30 This Summer
Oil prices will top $30 a barrel this summer as demand will start to recover slowly, Alexander Dyukov, chief executive at Russian oil producer Gazprom Neft, t…
Market Analysis
Australia Wind Output Breaks Through 5,000MW for First Time
Australia’s wind energy output broke through the 5,000MW for the first time late last Friday – little more than a year after it broke through the 4,000MW mi…
Crude Oil
Oil Rises Further Above US$26 as Opec+ Begins Record Cuts
Oil rose further above US$26 a barrel on Friday as Opec and its allies embarked on record output cuts to tackle a supply glut due to the coronavirus crisis that…
Oil Price
Chevron Slashes Capex Again To Protect Dividend In Oil Price Rout
U.S. oil supermajor Chevron Corporation (NYSE: CVX) reduced its capex guidance for the second time in two months to protect its dividend, as it warned on Frid…
Crude Oil
Oil Tanker Rates Plunge More Than 50% As OPEC+ Cuts Start
The daily rate for chartering an oil tanker from Saudi Arabia to China has plunged by over 50 percent in one week to $100,000 as OPEC+ begins on Friday the co…
LNG
US $2.8bn Export LNG Carriers to be Constructed in China
CSSC Chairman Lei Fanpei, Saad Sherida AI-Kaabi, president and CEO of Qatar Petroleum and the Minister of State for Energy Affairs signed the contract online on…
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…
U.S. Ready to Continue Cooperation with Ukraine on Energy Reforms
"Kvien underscored the United States' readiness to continue partnering with Ukraine on reforms to enhance the transparency and sustainability of Ukraine's energ…
Market Analysis
EU needs clear European Green and Solidarity Pact by September
Stark predictions around the unprecedented economic challenges facing Europe (and the world) are starting to take shape.
Oil & Gas Trade
Japan Urges G20 Energy Summit to Address Importance of Stable Oil Prices
Japan hopes a Group of 20 energy ministers summit later on Friday will address the importance of stable oil prices and supply after OPEC and its allies agreed t…
Wind Power Project
Elecnor Commissions €53m 50MW Wind Park Near Valencia
Spanish renewable energy and infrastructure company Elecnor has commissioned a 50MW wind farm in Spain’s Comunidad Valenciana regio.
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.
Wind Power Company
Vestas Wind Systems Prepares to Tackle the Long-Term Economic Impact of COVID-19
As the pandemic continues to spread, Vestas suspended its previous 2020 guidance outlook due to poor performance visibility for the remainder of the year.
Canada Earmarks Energy Aid Funds to Reduce Emissions
Canada's prime minister announced a major aid package for the energy sector on Friday.
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