Rice

Oil Price

OPEC+ Oil Production Hits 13-Month High As Output Cuts Start

​After the collapse of the previous OPEC+ deal in early March, OPEC opened the taps in April, pumping at its highest level in 13 months.

Oil Price

OPEC Daily Basket Price Stands at $14.36 a Barrel Wednesday

The price of OPEC basket of thirteen crudes stood at $14.36 a barrel on Wednesday, 29th April, 2020, compared with $12.41 the previous day, according to OPEC Se…

Oil Price

Australia's Woodside Sees Low Oil Prices into 2021

Australian independent Woodside Petroleum expects low oil prices to persist for the rest of 2020 and into next year.

Solar Power Plant

World’s Largest Solar Project Will Also Be Its Cheapest

Abu Dhabi has set a global record-low solar price as authorities confirmed the winning bid in a 2-gigawatt tender. Upon its expected completion in mid-2022, it …

Oil & Gas Trade

U.S. Oil Futures Plunge Nearly 25 Pct Amid Fears of Filled Storage

Oil prices fell significantly on Monday with the U.S. benchmark down nearly 25 percent amid fears over a growing scarcity of oil storage space.

Oil Price

Canada’s Oil Firms Set To Curtail Output By At Least 1 Million Bpd

Companies in Canada have already reacted to the oil price plunge, but analysts and investors will be looking for further clues in the earnings reports about how…

LNG

The LNG Market Is“Imploding”

The global market for natural gas is also cratering.

Coal Price

The Coronavirus Pandemic is Accelerating Coal's Demise

Prices haven't yet turned negative (like oil), but coronavirus is accelerating the demise of the dirtiest fossil fuel.

Oil Price

Oil Fund's Forced Sales Send WTI Prices Plunging Again, Says Kemp

Front-month U.S. light crude oil futures prices slumped almost 25% yesterday,

Oil Price

OPEC Sees Oil Rising To $40 In Second Half Of 2020

In China, which was hit first by the coronavirus, and which exited the lockdown first, the return to normalization in the transportation sector “is driving up …

Crude Oil

$10 Oil Forces U.S. Drilling Giant To File For Bankruptcy

Diamond Offshore Drilling has filed for Chapter 11 bankruptcy protection, becoming the second major victim of the oil market crash so far, after Whiting Petrole…

Crude Oil

Saudi Arabia Starts Production Cuts Ahead Of OPEC+ Deal

Oil prices plummeted again on Monday, with WTI Crude crashing by 23 percent to just $13 a barrel at 2:30 p.m. EDT.

Coal Price

Bharat Coking Coal Slashes Coal Prices by 10%

Coal subsidiary bharat coking coal has cut coal prices by 10%.

Oil Price

Trump Could Use ‘Nuclear Option’ To Make Saudi Arabia Pay For Oil War

President Donald Trump is considering all options available to him to make the Saudis pay for the oil price war as the crash that followed has done significant …

Oil & Gas Trade

China's Comprehensive LNG Import Price Down

China's comprehensive import price index for liquefied natural gas (LNG) fell last week, according to Shanghai Petroleum and Natural Gas Exchange (SHPGX).