Oil refiners slash output as fuel demand plunges
Production
The bottom has fallen out of fuel demand as airlines around the world ground flights and millions of people are
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Permian Basin output continues to rise
Production
US oil output from the Permian Basin is expected to rise next month, according to government figures, helping to push
Carbon export tax would stamp out coal use: paper
Industry
UK coal use is under increasing scrutiny despite claims that the country went a fortnight last year without generating any
US shale oil sector scales back
Industry
US oil producers are cutting budgets for new operations which will mean fewer operations and jobs across the country with
US shale producers face uncertain future
Production
Monday’s oil-price crash could knock numerous US shale oil producers out of business, according to observers. High-cost US shale operators
Renewables increasingly cheaper than coal: report
Environment
Wind and solar projects will soon produce cheaper power in every major global market than coal-fired plants, according to the
Premier Oil promises to cut spending
Production
North Sea producer Premier Oil says it will cut its spending programme by at least US$100 million this year as
Amazon declares renewable power projects
Industry
In an example of “woke capitalism”, online empire Amazon says it is investing in renewable energy projects as it targets
Nord Stream 2 hopes rest on tiny vessel
Industry
Russia’s only pipe-laying vessel equipped with a dynamic positioning system, the tiny Akademik Cherskiy, is travelling from the Pacific coast
Saudi Aramco told to boost oil output
Production
Saudi Arabia’s energy ministry has told oil giant Saudi Aramco to boost its production capacity from 12 million barrels per
US fracking giant feels pain of price crash
Production
Occidental Petroleum has cut quarterly dividends to investors for the first time in 30 years after Monday’s oil price crash.
European Commission launches hydrogen initiative
Storage
The European Commission has unveiled plans for an industrial strategy based on hydrogen production that include a “Clean Hydrogen Alliance”
Saudi Aramco shares tumble amid price war
Consumption
Saudi Aramco shares have fallen below their initial public offering (IPO) level amid the crude oil price war and the
Analysts predict further oil price crash
Industry
The collapse of Russia and Opec talks to further deepen oil exports due to the coronavirus are set to create
Ukraine lobbies US to block Nord Stream 2
Policy
The US and Ukraine are discussing moves to block Russia’s Nord Stream 2 pipeline to Germany. Andriy Kobolyev, CEO of