U.S. shale oil outlook darkens as by-product prices slide
Oil producers have already taken a hit from the fall in global oil and gas prices as China’s coronavirus outbreak destroys demand in the world’s second-largest economy. Benchmark U.S....
Fires and climate fears rattle Australia’s giant coal lobby
Nearly a third of shareholders in BHP Group Ltd, the world’s biggest miner, last year voted for resolutions to axe its membership in industry groups advocating policies counter to...
U.S. gasoline prices rise as fire, outages hit six refineries
Over the weekend, four refineries in Texas and Louisiana shut units directly making gasoline or portions of it, according to refinery sources and energy industry intelligence service Genscape.
Portugal’s oil company Galp targets growth in rewewable power
Galp, which last month bought solar power projects from Spain’s ACS (ACS.MC) for 2.2 billion euros ($2.38 billion), hopes to install 3.3 gigawatts of solar energy in Portugal and...
Oil prices steady as coronavirus-related demand concerns weigh
Brent crude LCOc1 was at $57.27 a barrel, down 5 cents by 0754 GMT after rising 5.2% last week, the biggest weekly gain since September 2019.
Venezuela’s PDVSA to unload $57 million oil cargo disputed by rival Citgo boards
At one point last year there were about a dozen cargoes in similar straits, either unauthorized to set sail for exports or returned to PDVSA by their buyers after...
Oil prices fall on bearish demand forecasts
Brent crude LCOc1 lost 65 cents to $55.14 a barrel by 0930 GMT while U.S. West Texas Intermediate (WTI) CLc1 was down 39 cents at $50.78.
Analysts cut China’s gas demand estimates as virus outbreak weighs
Estimates for the impact varied among five analysts who provided views for China’s gas demand to Reuters. Two of them expected demand to expand by just 6% this year.
Coronavirus to hit Canadian oil sector as energy project hangs in balance
Morneau told a business audience in Calgary that prices for crude - one of Canada’s major exports - had dipped by 15% on lower demand since the outbreak started...
Oil drops to 13-month low on weak Chinese demand, traders eye OPEC+ cuts
Oil has dropped more than 25% from a peak in January with U.S. crude back below $50 a barrel after the spreading virus hit demand in China, the world’s...
