Shale operators slashed their planned capital expenditure (capex) for 2020 to account for the oil price crash, which inevitably led to decline in drilling and completion activity in the Eagle Ford play. Hence, crude oil production is expected to drop by 10% year-on-year (YOY) in 2021, says GlobalData, a leading data and analytics company. SourceContinue Reading
Pandemic Crushes U.S. Refining Capacity | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova – Dec 10, 2020, 9:00 AM CST The closure of several refineries in the United States in recent...Continue Reading
In a new series of clean power agreements, BP has agreed to more than triple the renewable power that it will supply Amazon in Europe, while Amazon Web Services will enable the acceleration of BP’s program to digitize its infrastructure and operations. SourceContinue Reading
Transportation-related CO2 emissions fell to 102 million metric tons in April 2020, the lowest monthly level since February 1983. SourceContinue Reading
Canada became the latest country to approve a Covid vaccine and Chicago said it will offer inoculations free of charge to all adults next year. These helped traders on Thursday dismiss the second-biggest increase ever in U.S. crude inventories. SourceContinue Reading
Egypt, which started a sweeping economic reform program about four years ago, has been reworking to revamp and re-energize state-owned companies and attract foreign investors who have so far largely been attracted to the North African nation’s debt market and energy industry. SourceContinue Reading
The 250MW corporate power purchase agreement, the largest ever for offshore wind in Europe, will help Amazon achieve their commitment to be net zero carbon by 2040 as set out in their Climate Pledge. SourceContinue Reading
OPEC’s third-largest oil producer and Israel held their first natural gas and petroleum working group meeting, UAE’s state-run WAM news agency reported on Thursday. SourceContinue Reading
Was Buffett Right About Energy In 2020? | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – Dec 09, 2020, 7:00 PM CST Every time Berkshire Hathaway founder and CEO Warren Buffett buys or sells a stock, the investing world...Continue Reading
The Electric Car Boom Is About To Get Even Hotter | OilPrice.com Premium Content By Frank Fischer – Dec 09, 2020, 6:00 PM CST 2020 has been an absurd year in many ways, but some sectors are thriving in a chaotic market as billionaire investors, institutions, and especially the Robin Hood crowd are rushing to...Continue Reading
