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Rice
Oil Price
OPEC Cuts Oil Demand Forecast For 2020, Again
OPEC revised down by another 400,000 bpd its forecast for global oil demand this year, expecting consumption to shrink by 9.5 million bpd over 2019.
Oil Price
Oil Prices Fall As Libya Reopens Ports
Libyan strongman General Khalifa Haftar has pledged to reopen the country’s oil ports this weekend, the U.S. embassy in the North African country said in a sta…
Coal Production
COVID19 Lockdowns Shrink Colombia Coal Output by 48% YoY
Coal production in the world's fifth-largest coal exporter Colombia fell by 48.8% in the second quarter because of coronavirus quarantine measures and low inter…
Oil Price
Oil Edges Higher Ahead of Opec+ Meeting with Demand in Focus
Oil edged higher toward US$38 a barrel in New York ahead of an OPEC+ meeting this week that will assess the group’s production cuts as the recovery from virus-…
Elliott Attempting to Prevent Chevron’s Takeover of Noble Energy
Paul Singer’s investment management firm Elliott Management will push for Noble Energy to abandon plans to sell itself to oil major Chevron.
Oil Price
Russia’s Central Bank Warns That Oil Could Slide To $25
Russia’s central bank has warned that crude oil prices could slump to $25 in its risk scenario for monetary policy over the next three years, TASS reports.
Oil Price
Saudi Economic Outlook Sours After Oil Price Crash
Saudi Arabia’s economic outlook for this year remains uncertain amid the pandemic-driven economic slowdown and the collapse in oil prices that led to the Kingd…
Oil Price
Russia’s Novak Says 2020 Oil Demand Could Fall by Up to 10 Million bpd
Global oil demand could fall by 9-10 million barrels per day this year due to impact of the COVID-19 pandemic, Russian Energy Minister Alexander Novak said on F…
Hydrogen Fuel Cell
Lightning Systems to Reduce Fuel Cell Vehicle Costs
Zero emission vehicle manufacturer Lightning Systems is lowering the price of its 2021 fuel cell electric and battery electric vehicles by 10%-50% for Class 3 a…
Oil Price
Canadian Oil Prices Rise On Pipeline Shutdown
The Canadian heavy oil benchmark rose on Wednesday after a pipeline carrying diluent necessary for oil sands production was shut down following a leak over the …
Oil Price
Goldman Expects Oil To Reach $65 Next Year
Goldman Sachs expects Brent crude to reach $65 a barrel in the third quarter of 2021, although it could end the year lower, at $58 a barrel.
China
Robust Chinese Demand Fuels Oil Market Recovery
Following last week's price rally, oil prices move higher on Monday morning, on bullish demand figures coming from China.
Oil&Gas Drilling
Oil Major Equinor Stops Drilling In U.S. Shale Patch
Norway's Equinor will not drill any more wells in the U.S. shale patch this year as it adjusts to a lower-for-longer oil price environment.
Oil Price
Putin Would Like To See Oil Prices Above $46 Per Barrel
It would be better for Russia if oil prices were higher than $46 a barrel, Russian President Vladimir Putin said on Thursday.
Coal Mine
Australian Coal Firms Trapped in Oversupplied Market
High fixed costs are forcing Australian thermal coal mining firms to maintain production, despite operating at a loss because of a severely oversupplied seaborn…
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