Rice

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…

China

PetroChina Posts $4.4 Billion H1 Loss, Pledges Near-Zero Emissions by 2050

PetroChina Co pledged on Thursday to cut emissions to near zero by 2050, as it reported a plunge to a first-half net loss of 29.98 billion yuan on lower oil pri…

Coal-Fired Power Plants

Meralco Open to Buying Less Power From Coal Plants

This could mean that coal price risk will no longer be passed to end-users.

Coal Price

Asian Coal Prices Likely to Remain Depressed

Asian coal prices, which have fallen around 25% this year as power demand slumped due to the coronavirus outbreak, are unlikely to move higher before the end of…

How Tesla's Colossal Battery MEGA PACK Will Power the Future !

Tesla has hit record highs hitting $1800 in share price just recently after the Q2 financial results were released.

Solar Power Plant

Indian Solar Projects Hit as Chinese Solar Module Prices Rise for the First Time Since 2017

Prices of Chinese solar modules have increased for the first time since 2017, making Indian developers apprehensive about returns on their projects because they…

Coal Trade

EU Coal Imports Continue to Fall in June

Net EU-27 thermal coal imports fell on the year for a 16th consecutive month in June amid weak consumption and prices in the Atlantic.

Russian Federation

Gazprom Neft profit slumps 80% in Q2

Russia's Gazprom Neft, the oil business of state gas company Gazprom, said weak oil prices had driven a near 80% slump in second-quarter net profit to 22 billio…