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Rice
Oil Price
International Oil Prices Rose Significantly on the 17th
It closed at 43.3 US dollars per barrel, an increase of 2.56%.
Oil Price
OPEC+ Panel to Meet Amid Oil Price Decline
OPEC and allies, led by Russia, are scheduled to hold an online meet on Thursday to discuss compliance with their agreed output cuts and demand trends amid fall…
Solar Power Panel
Agrivoltaics: Solar Panels Bring Life to Struggling Farms
These solar panels are breathing new life into farms struggling amid trade wars, high commodity prices, and the climate crisis.
Coal Mine
Adani Pushes Ahead with Australian Coal Mine
Indian energy firm Adani has formed its own rail haulage company to deliver coal from its 10mn t/yr Carmichael thermal coal project in the Galilee basin in nort…
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.
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