Category: Energy

Energy, Industries

Oil Companies Are Collapsing, but Wind and Solar Energy Keep Growing

April 7, 2020

Via: The New York Times

A few years ago, the kind of double-digit drop in oil and gas prices the world is experiencing now because of the coronavirus pandemic might have increased the use of fossil fuels and hurt renewable energy sources like wind and […]

Energy, Industries

Energy stocks propel broader market higher as crude soars on hopes for a Saudi-Russia truce

April 2, 2020


Energy stocks propelled the broader stock market higher Thursday, driven by a surge in crude prices on hopes that Saudi Arabia and Russia could step back from their price war. The Dow Jones industrial average jumped 300 points, a day […]

Energy, Industries

Oil edges lower as traders weigh global demand plunge versus stimulus

March 27, 2020

Via: Market Watch

Oil futures edged lower Friday, as traders continued to balance optimism over a $2 trillion U.S. fiscal stimulus package against a huge drop in demand as result of the global COVID-19 pandemic. West Texas Intermediate crude for May delivery CLK20, […]

Energy, Industries

Oil down 20%, set for largest 1-day plunge since 1991 Gulf War on fears of global price war

March 9, 2020

Via: Market Watch

Oil futures plunged to a four-year low Monday, on track for the biggest one-day drop since 1991 as OPEC and Russia appear headed for an all-out price war — shaking a market already reeling from the demand shock created by […]

Energy, Industries

Oil price slides on concern over OPEC-Russia deal on output

March 6, 2020

Via: ABC News

VIENNA — The price of oil is slumping amid doubts that OPEC will succeed in agreeing with ally Russia on cutting production to support prices as the virus outbreak disrupts the global economy. The cartel is trying to convince Russia […]

Energy, Financial Services, Industries

JPMorgan announces big moves to support environment, including ending loans to coal industry

February 25, 2020


JPMorgan Chase announced a pledge to facilitate $200 billion in environmental and economic development deals and will pull back from advising and lending to the coal-mining industry. The new targets, disclosed Tuesday in presentations for the New York-based bank’s annual […]

Energy, Industries

OPEC nerves grow as coronavirus forces China to slash oil imports

February 4, 2020

Via: Fortune

Oil climbed to near $51 a barrel in New York as officials from OPEC+ gathered on Tuesday for an urgent meeting to assess the impact of the coronavirus on global demand, and how the group should respond. Under increasing pressure […]

Energy, Industries

Oil steadies after hitting 3-month low on coronavirus fears

January 28, 2020

Via: Market Watch

Oil futures edged higher Tuesday, steadying after falling to morethan a threemonth low to start the week on fears China’s coronavirus outbreak could dent global demand for crude. West Texas Intermediate crude for March delivery CLH20, +0.49% on the New […]

Energy, Industries

Oil prices climb after production halt in Libya and Iraq unrest fears

January 20, 2020

Via: Market Watch

Oil prices climbed Monday, driven by a pair of worries on the supply front driven by unrest in Libya and Iraq. West Texas Intermediate crude futures for January delivery US:CLF20 rose 59 cents, or 1%, to $59.17 a barrel. There […]

Energy, Industries

Oil price keeps rising, industry frets over Iran-US conflict

January 6, 2020

Via: ABC News

PROVIDENCE, Rhode Island — The global benchmark for crude oil rose above $70 a barrel on Monday for the first time in over three months, with jitters rising over the escalating military tensions between Iran and the United States. The […]