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Oil Price

Oil Prices Sink On Record Breaking 19.2 Million Barrel Crude Build

A day after the American Petroleum Institute estimated crude oil inventories had added more than 13 million barrels, the Energy Information Administration confi…

Coal Price

Seaborne Coal Prices Under Pressure as Demand Softens in China, India

The main buyers in China and India are starting to favour domestic supplies over seaborne imports.

Oil Price

Saudi Arabia Claims The U.S. Was Not Their Target In The Oil War

Saudi Arabia did not intend for U.S. oil producers to suffer, Saudi Energy Minister, Prince Abdulaziz bin Salman, said in an interview with a select group of re…

Oil Price

Oil Rises Amid Hopes for Quick Decline in U.S. Shale Output

Oil prices rose more than 1% on Tuesday after the main U.S. energy forecasting agency predicted shale output in the world's biggest crude producer would fall by…

Oil Price

Saudi Arabia Cuts May Crude Prices to Asia by $4.2 Per Barrel

Saudi Arabia's state oil giant Aramco has set the May price for its Arab light crude oil to Asia at a discount of $7.3 to the Oman/Dubai average.

Crude Oil

Opec+ Plans to Cut Output by 20mn bpd: Trump

Top global oil producers are considering slashing output by 20mn barrels a day under the terms of a deal to boost prices, US President Donald Trump said on Mond…

Wind Turbine

COVID-19: UK Wind Turbine Prices to Increase, Says GlobalData

Analysts GlobalData say UK wind turbine prices may increase in the wake of the coronavirus pandemic as quarantine measures create a supply bottleneck.

Oil Price

Mexico's Secret Weapon in the Oil Price War

As Mexico and Saudi Arabia fight over a deal to bring the oil-price war to an end, Mexico has a powerful defense: a massive Wall Street hedge shielding it from …

Oil Price

Non-Opec Members Will Also Need to Cut Output to Balance Oil Price

Not just production cut upfront, they have also decided to cut production all the way to April 2022.

Crude Oil

Mexico to Cut Oil Output by 100,000 Bpd from May: Officials

Mexico will reduce its oil output by 100,000 barrels per day (bpd) from May after top oil producers collectively agreed to cut production by 9.7 million barrels…

Market Analysis

European Solar Fears Power Price Plunge May Dampen Subsidy-Free Prospects

​The crash of power prices seen as Europe locks down over the COVID-19 crisis could dampen investor enthusiasm for subsidy-free solar, a SolarPower Europe webi…

Oil Price

G-20, OPEC Working to Rebalance Oil Market

​Energy Ministers of G-20 have arrived at a decision to rebalance global oil markets hit hard by the coronavirus pandemic.

Oil Price

India Pitches for Stable Oil Market, Says it Will Remain Growth Engine of World

​Amid high volatility in international markets, India, world's third largest oil consumer, on Friday pitched for a stable oil market that provides reasonable p…

Oil Shale

Coronacrisis Is Killing Argentina’s Shale Oil Boom

Argentina’s Vaca Muerta shale is on life support just weeks after the meltdown in global crude oil prices.

Oil Price

Trump Threatens “Very Substantial” Tariffs On Oil Imports

The crash was the product of the culmination of a series of unfortunate events, beginning with the spread of COVD-19, which all but shut down the Chinese econom…