Exxon To Slash Spending As Oil Price Collapse Continues
Exxon has become the latest U.S. oil company to announce plans for spending cuts amid the coronavirus outbreak that caused a price slide significantly aggravated by Saudi Arabia's decision to?
China's power consumption in the first two months of the year fell 7.8 percent on 2019 because of the coronavirus outbreak, Reuters reports, citing data from the National Development?
A dozen U.S. Republican Senators are urging the world's top oil exporter Saudi Arabia to review plans to significantly boost oil supply to the market and lower oil prices?
Large Iraqi Oilfield Goes Offline As Operator Evacuates Staff
Operator Petronas has evacuated its employees from an oilfield in Iraq in an effort to protect them from the spreading coronavirus, which has forced Iraq to suspend production at the?
Booming U.S. Solar Industry Hit By Coronavirus Pandemic
The flourishing U.S. solar industry is already experiencing supply delays due to coronavirus-inflicted supply chain disruptions and may not meet the deadlines for projects to take full advantage of tax?
Oil Prices Fall As Trump Urges People To Stay Home
President Donald Trump announced on Monday that the U.S. government would be ramping up its efforts to contain the coronavirus outbreak and ease the economic impact it has caused?
U.S. To Buy 77 Million Barrels Of Crude For Strategic Petroleum Reserve
The United States will start buying crude oil for the Strategic Petroleum Reserve within the next two weeks, with plans to buy around 77 million barrels, Bloomberg reported. The?
The World's Largest Oil Company Sees Profits Fall By $22 Billion
Saudi Aramco reported a net profit of $88.2 billion for 2019, down from $111.1 billion a year earlier as low oil prices and production curbs took their toll on?
