President Donald Trump is expected to announce his final plans to expedite permitting for major infrastructure like oil pipelines and road expansions in Atlanta on Wednesday, a move that environmentalists say will bypass public input. The proposal to update how the 50-year old bedrock National Environmental Protection Act (NEPA) is implemented is part of Trump’s […]
After posting its worst quarter on record, oil’s now headed for its best three months in 30 years as it bounces back from this year’s historic crash. Yet the rebound remains tenuous. Futures in New York have almost doubled in value this quarter, buoyed by OPEC+ production cuts and rebounding oil consumption in post-lockdown China. […]
Despite fears of a second wave of COVID-19, oil markets rebounded last week, showing signs of improving fundamentals as global supplies continue to tighten. On Friday, Brent closed at $42.19, up by 8.20 percent w/w, while WTI closed at $39.75, up by 9.03 percent w/w. Furthermore, the 1-2 month Brent spread flipped into backwardation for the first […]
Oil rose more than 1% on Monday on tighter supplies from major producers and as coronavirus lockdowns continued to ease, but gains were capped by worries that a worldwide rise in new infections might stall a fuel demand recovery.
There is virtually no economic sector on Earth that has not been impacted by the spread of the novel coronavirus, but few have been as thoroughly battered as the global energy industry. As industries and nations shut down around the world, the demand for oil plummeted, taking oil prices down with it, and the energy […]
The announcement of the U.S. Department of Commerce to conduct a national security investigation on the importing of electrical steel raises questions on the consequences. According to Ron Harper, President of electrical steel maker Cogent Power Inc, this action is likely to negatively impact American utilities. Cogent Power Inc describes itself as a large supplier […]