Lockdown Strikes Utilities As Electricity Demand Plunges
Electric utilities around the world, like other industries, are not immune to the unpleasant financial effects stemming from the covid19 pandemic. While electricity customers ?shelter in place,? sales to commercial?
U.S. To Rent Out Federal Storage Space To Oil Industry
U.S. oil producers may soon have access to federal oil storage space to alleviate the glut that is threatening to overwhelm existing private storage capacity. Bloomberg?reports, quoting three unnamed?
President Trump To Meet With Oil CEOs To Discuss Saudi Oil Tariffs
US President Donald Trump will meet with U.S. oil executives to discuss possible financial assistance for the industry and tariffs on oil imports from Saudi Arabia, according to the Wall?
Saudi Arabia's Secret To Surviving The Oil Price War
Restrictions on movement and trade as a result of the Covid-19 pandemic have led to a significant shift in consumer behaviour in Saudi Arabia, with locals increasingly turning?
India's Top Refiner Declares Force Majeure On Oil Imports From Saudi Arabia
Indian Oil Corp (IOC), the country's biggest refiner and fuel retailer, has declared a force majeure on oil imports from some of its top oil suppliers, including Saudi Arabia, which?
Why EVs Are Greener Than Gasoline And Diesel Powered Vehicles
While electric vehicles are often touted as the climate-friendly green alternative to standard combustion engines, there are some people that question whether this is really the case, or?
Russia is not raising its crude oil production because it doesn't make sense for Russian firms to boost output while the market is oversupplied, a Russian government official told?Bloomberg?on?
Major economies should pursue currency agreements to stabilize the US dollar, especially during the COVID-19 crisis, preventing a rapid rise against other currencies that is sure to trigger?
Despite the destruction of global oil demand and historically low oil price, Mexico's Pemex plans to maintain its current rate of production, Reuters reported, citing a statement by the?
