U.s

Oil Shale

Exxon, Chevron Slam Brakes on Shale as Oil Demand Tumbles

​Exxon Mobil Corp and Chevron Corp are slamming the brakes on U.S. shale oil production at a time when crude prices and fuel demand have plunged due to global …

Oil Price

Chevron Slashes Capex Again To Protect Dividend In Oil Price Rout

​U.S. oil supermajor Chevron Corporation (NYSE: CVX) reduced its capex guidance for the second time in two months to protect its dividend, as it warned on Frid…

Energy Storage Battery

SK Innovation to Additionally Invest US$727 Mil. to Build 2nd EV Battery Plant in U.S.

SK Innovation has decided to invest US$727 million to build a second electric vehicle (EV) battery plant in Georgia, the United States.

Historic Shift: U.S. Energy Production Outpaced Consumption in 2019, EIA Says

Energy hasn’t felt this groundbreakingly productive since Elvis Presley was electrifying audiences with “All Shook Up.”

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.

Crude Oil

U.S. Oil Companies Begin Sending Crude To Strategic Petroleum Reserve

U.S. oil companies have started sending oil to the Strategic Petroleum Reserve, Bloomberg reports, citing a Department of Energy official.

LNG

The LNG Market Is“Imploding”

The global market for natural gas is also cratering.

Pumped Storage

New DOE Report on Environmental Effects of Pumped Storage Hydropower

The U.S. Department of Energy has released a new report as part of its HydroWIRES initiative: A Comparison of the Environmental Effects of Open-Loop and Closed-…

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,

Market Analysis

Rystad Energy: Coal's Power Use in 2020 Set for 40-Year Low

Coal use in the United States is falling much faster than the country has expected for years.

Nuclear Fuel

Next-Generation Technologies Boosted by US NFWG

A report released last week by the U.S. nuclear fuel working group Outlines support for the development of next-generation technologies and advanced fuels.

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…

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 …

U.S. Ready to Continue Cooperation with Ukraine on Energy Reforms

"Kvien underscored the United States' readiness to continue partnering with Ukraine on reforms to enhance the transparency and sustainability of Ukraine's energ…

Market Analysis

When Oil Became Waste: A Week of Turmoil for Crude, and More Pain to Come

In its nearly 40-year history, U.S. oil futures have never fallen below $10 a barrel.