Rice

Oil Price

Wall Street Oil Outlook Crumbles as Goldman Sees Contraction

Goldman Sachs Group Inc. became the first major Wall Street bank to anticipate that global oil demand will contract in 2020 for only the fourth time in nearly 4…

Oil Price

Russia's Putin Says Current Oil Prices Acceptable

Russian President Vladimir Putin said on Sunday that current oil prices were acceptable and that Russia had the tools to react to any negative effects of the sp…

Slovakia Launches First Renewables Auction

The ceiling price for solar and wind power has been set at €84.98/MWh. It is expected around 30 MW of generation capacity will be allocated and solar projects …

Oil Price

Oil Prices Steady but Virus Fears Continue to Weigh

Oil prices steadied on Wednesday in Asia, but virus fears continued to weigh as the spreading showed no signs of slowing.

Energy, Power and Electrical , Telecommunications

Tenders are Invited for Price registration aiming at the future and eventual acquisition of materials for use by the press sector of the municipal administratio…

Oil & Gas Trade

Oil may Hit $40 if Russia doesn’t Support Opec’s Production Cuts

In a volatile trading last week, crude oil prices touched one-month high and then fell back as coronavirus fears were back in the markets, with infection and de…

Wind Power Project

Construction of New 250MW Wind Power Plant Begins in Egypt

A new wind power plant is being built in Egypt and is expected to produce 250MW of clean, reliable power at a highly competitive price.

Wind Power Project

Construction of New 250MW Wind Power Plant Begins in Egypt

A new wind power plant is being built in Egypt and is expected to produce 250MW of clean, reliable power at a highly competitive price.

Energy Storage Battery

Tesla's Cheap Home Batteries Set to Upend Utility Business

Prices for home power-storage batteries look likely to fall in Japan as U.S. electric car maker Tesla moves to offer its Powerwall batteries here, with major im…

Energy storage technology

Can The U.S. Compete With China In The Energy Storage Race?

Last year Oilprice reported that the energy storage industry was about to explode in China. We wrote that “China is set to become the single biggest energy sto…

Asian Markets Fall as Coronavirus Hits Earnings, Growth

China is the world's biggest importer and consumer of oil, and crude prices have been particularly sensitive to the epidemic that has spread to nearly 30 countr…

Oil & Gas Trade

U.S. Weighs Sanctions on Rosneft but is Wary of Oil Market Chaos

Officials at the Treasury Department worry that sanctions on Rosneft may drive up prices for oil, the people said.

Crude

Oil Falls 1% as Russia Needs Time to Mull more Opec+ Supply Cuts

Oil prices fell 1 per cent on Friday as Russia said it needed more time before committing to output cuts sought by other large producers while the coronavirus o…

Crude

Oil Climbs After Russia Backs Possible Output Cuts to Counter Coronavirus Impact

Oil prices rose on Friday after Russia said it backs a recommendation for the OPEC and its producer allies to deepen output cuts amid contracting demand for cru…

Oil Price

Oil Prices Jump 2% as Virus Vaccine Reports Spur Hope

Also supporting oil was news that the Organization of the Petroleum Exporting Countries (OPEC) and its producer allies were considering further output cuts to c…