Oil Ticks Up After Bullish API Data

Oil extended gains in Europe, with the latest API data providing some support, according to ING's Warren Patterson. 


 
Jump in Coronavirus Cases Could Jeopardize Oil Market Recovery, OPEC Says

Even a record-breaking rise in oil demand next year won't be enough to spur a recovery back to pre-coronavirus levels, according to the Organization of the Petroleum Exporting Countries. 


 
Biden Unveils $2 Trillion Plan to Combat Climate Change

Former Vice President Joe Biden unveiled a $2 trillion proposal to combat climate change, calling for a bigger investment and faster action than he backed during the Democratic primaries earlier this year. 


 
U.S. Crude-Oil Stockpiles Likely to Decline in DOE Data, Analysts Say

U.S. crude-oil stockpiles are expected to decrease in data due Wednesday from the Energy Department, according to a survey of analysts and traders by The Wall Street Journal. 


 
Origin Energy Expects A$1.16B-A$1.24B Impairment Charges

Origin Energy forecast a hefty impairment charge on a weaker outlook for commodity prices and the economic impact of the coronavirus pandemic, with more than half of the writedown tied to the Australia Pacific LNG project. 


 
EP Energy Proposes $4.4 Billion Debt-Cutting Strategy

The oil-and-gas company floated a chapter 11 exit strategy that would hand the business to senior bondholders and cut $4.4 billion in debt, its second restructuring proposal after failing in a previous bid to leave bankruptcy. 


 
Hydrogen Set for Major Role in Clean-Energy Transition - ESG Insight

Hydrogen holds great potential for a low-carbon economy but costs remain high and the ability to achieve broader economies of scale will be key. 


 
Woodside Petroleum Expects $3.92 Billion Impairment of Assets

Woodside Petroleum Ltd. forecast an impairment charge of $3.92 billion against the value of its oil and gas assets, as it grapples with a more subdued outlook for energy prices amid the coronavirus pandemic. 


 
OPEC Was Under Pressure Even Before Covid-19

Even before the coronavirus pandemic upended global oil markets, the influence of OPEC-and the group's revenues-were under pressure from competitors and the declining value of its crude, new cartel data show. 


 
Russia's Norilsk Nickel Involved in New Arctic Fuel Spill

Authorities in Russia's Arctic region declared a local state of emergency following the leak of aviation fuel into nearby reservoirs just weeks after a catastrophic diesel spill in the same region.