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Africa Energy
Petrol Price goes up as Diesel, Kerosene Pump Rates Drop in Kenya
The price of super petrol has increased by Sh5.77 while those of diesel and kerosene dropped by Sh3.80 and Sh17.31 per litre respectively.
Oil Price
BP Takes Hit of Up to $17.5bn As it Forecasts Cheaper Oil
BP has forecast lower oil prices for decades to come as governments speed up plans to cut carbon emissions in the wake of the coronavirus pandemic.
Market Analysis
As Energy Prices Tumble, Developing Countries Trim Subsidies
The coronavirus pandemic has sent economies into recession and reduced government revenue, so some countries are taking a politically perilous path: removing re…
Oil Price
Rosneft Launches "Denationalization" Reorganization
Russia's largest state-owned oil company Rosneft experienced its first quarterly loss in eight years.
Oil Price
Oil Drops More than 8% as Fears Over Second Wave of Coronavirus Cases Hit the Market
Oil prices dropped more than 8% on Thursday amid a broader market sell-off as fears over a second wave of coronavirus cases led to investors shedding assets.
Market Analysis
Nordic Power Price Spreads may Widen to EUR 20 – Afry
In the next few years, the price spread between different bidding areas in the Nordic market is likely to widen to an average of 20 euros /MWh.
Thermal Coal
China's Thermal Coal Price Returns to Pre-Pandemic Levels
Thermal coal price in China has trended back to pre-COVID-19 levels as it strongly rebounded by 17% from the previous trough of $65.72 per tonne to $76.76 as of…
Oil & Gas Trade
Oil Price Climbs to $42 as China's Imports Hit All-Time High
Oil prices climbed on Monday after OPEC+ agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high in …
Market Analysis
Japan Turns to Coal as COVID-19 Delays Solar Projects
In the wake of the COVID-19, electricity demand in Japan has dropped and power prices have declined.
Trice Resigns as Hurricane Energy Chief Executive
Robert Trice has resigned as chief executive of Hurricane Energy amid a boardroom reshuffle at the firm.
Oil Price
Oil Advances Above $43 after OPEC+ Extends Production Cuts
Oil advanced above $43 a barrel in London after OPEC and its allies agreed to extend historic output curbs by an extra month.
Oil Price
OPEC+ Extension Sets up Very Favorable Oil Price Conditions for the Rest of 2020
Russia and Saudi Arabia have just made a completely irrational effort to flood the global oil market.
Crude Oil
Rig Count Plunges Below 300 in 13th-Straight Week of Losses
The number of operating drilling rigs in the U.S. fell below 300 for the first time, as energy companies continue to shut down oil-field operations amid low cru…
Crude Oil
Crude Oil Futures Rise on Spot Demand
Crude oil prices on Friday rose Rs 9 to Rs 2,826 per barrel as participants widened their positions on firm spot demand.
Oil Field
KrisEnergy Suspended Production at its Wassana Field Because of Oil Prices
KrisEnergy's operating Wassana field has been suspended pending further notice.
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