Oil Declines Amid Heightened U.S.-China Tensions

Oil slipped in morning Asia trade amid heightened U.S.-China tensions after President Trump's economic adviser Larry Kudlow reportedly said China is making a "huge mistake" over Hong Kong. 


 
Coronavirus Outbreaks Threaten Oil Majors' Biggest Projects

Oil companies including Chevron, Exxon, Shell and Total are scrambling to cope with coronavirus outbreaks among their workers that could threaten the profitability of some of their largest projects. 


 
Global Glut Keeps a Lid on Natural-Gas Prices

Mild May weather has limited domestic demand, brimming storage facilities abroad have reduced exports and the flow from oil wells hasn't declined by as much as expected. 


 
U.S. Crude-Oil Inventories Rise Sharply

U.S. inventories of crude oil unexpectedly surged higher even as refinery activity increased, according to data released Thursday by the Energy Information Administration. 


 
U.S. Consumed More Renewables Than Coal for First Time in 134 Years

The U.S. consumed more renewable energy than coal last year, something that hasn't happened since 1885, according to the Energy Information Administration. 


 
Wielding Sanctions, U.S. Disrupts Iranian Fuel Shipments to Venezuela

Washington has disrupted planned Iranian fuel deliveries to Venezuela by threatening sanctions against shippers, U.S. officials said, temporarily thwarting a burgeoning economic alliance between two of America's biggest rivals. 


 
Enel Accelerates Closure of Chile Coal-Fired Plant

Enel has agreed to accelerate the closure of its last coal-fired plant in Chile, possibly incurring an impairment of around EUR790 million. 


 
Santos Completes Purchase of ConocoPhillips Assets

Santos said it has completed the purchase of ConocoPhillips's assets in northern Australia for a reduced upfront purchase price of US$1.265 billion. 


 
Investment in U.S. Shale Projects to Halve in 2020, IEA Says

Investment in the U.S. shale sector will drop by half this year, the International Energy Agency said, predicting a period of pain for producers, even as oil prices rally. 


 
India Government Extends Deadline for BPCL Bids Due to Covid-19

The Indian government has extended the time for interested parties to submit their bids for Bharat Petroleum Corp. by two months due to the Covid-19 pandemic.