Oil Wavers After Gloomy IEA Report
Oil prices have changed little since the IEA released its monthly report, in which it echoed OPEC in deepening its forecast for the hit to global demand from the coronavirus pandemic.
IEA Deepens 2020 Demand Contraction Forecast
The oil-market uncertainty brought about by the coronavirus pandemic isn't going anywhere, with the outlook for global demand even gloomier than it was last month, according to the IEA.
OPEC Extends Forecast for Decline in Global Oil Demand
The economic hit from the coronavirus pandemic will hurt global energy demand harder and for longer than previously feared, the Organization of the Petroleum Exporting Countries said.
Trump Administration Denies Retroactive Biofuel Exemptions in Boost for Iowa
Republicans warned that approving oil refiners' biofuel waiver requests could hurt the re-election campaigns of President Trump and Iowa Sen. Joni Ernst.
Hurricane Sally Churns Toward Central Gulf Coast
Hurricane Sally took aim at the central Gulf Coast as thousands of people prepared for heavy rain and potentially deadly flooding from New Orleans and Biloxi, Miss., to the Alabama-Florida state line.
Exxon's Bet on Oil, Gas Drags Down U.S. Titan
The oil giant doubled down on oil and gas at what now looks to be the worst possible time. Investors are fleeing and workers are grumbling about the direction of a company some see as out of touch.
Uganda, Total Reach Key Deal on Pipeline
Uganda and French oil giant Total have reached an agreement for the construction of a $3.5 billion pipeline to the Tanzanian port of Tanga, unlocking the long delayed development of the region's largest crude reserves.
California Utilities Hope Drones, AI Will Lower Risk of Future Wildfires
Artificial intelligence may be able to spot fire risks created by faulty distribution and transmission equipment, utilities say.
U.S. Oil-Rig Count Falls by 1 in Latest Week, Baker Hughes Says
The number of rigs drilling for oil in the U.S. fell by one to 180 in the latest week, according to oil-field services company Baker Hughes.
The New Geopolitics of Energy
Power is shifting from longtime oil giants like Russia and Saudi Arabia to innovators like China-and maybe the U.S.