U.S. Gasoline Demand Plummets Despite Low Oil Prices
Demand for gasoline in the United States fell by 859,000 bpd, the Energy Information Administration (EIA) said in its weekly petroleum status?report. According to Reuters, this is the?sharpest?demand?
The timing could not have been worse for Russia to provoke a spat with Saudi Arabia over oil production quotas in early March. Moscow's decision to withdraw from the OPEC+?
Coronavirus Lockdown Forces India To Halt LNG Imports
Indian liquefied natural gas importers have declared force majeure on imports as a nationwide lockdown on the 1.3 billion-strong nation has slashed consumption of?
China's Coal Rush Causes Global Capacity To Rise For The First Time Since 2015
The world's net capacity additions of coal-fired power generation rose in 2019 for the first time since 2015, due to a surge in the Chinese coal fleet, a?new report?from?
Major Credit Agency Cuts Russia's Economic Forecast As The Oil Price War Rages
Fiscal buffers and improved policy response will not materially weaken Russia's credit profile at a time of low oil prices, Moody's said in a new report, although it cut?
If any company is bracing for the shock of falling U.S. auto sales,?it's got to be Group 1 Automotive. The company owns and operates 186 auto dealerships along with 242?
Tunisia has started production at the long-awaited Nawara gas field, a development that is expected to transform the country's energy balance and provide a significant boon to state?
Occidental Petroleum will cut certain employee salaries by 30 percent in response to the steep drop in oil prices, Reuters?reported, citing an internal document. CEO Vicki Hollub will see?
