News

Oil & Gas

Reuters | Equities.com |

LONDON (Reuters) - Europe’s top oil and gas companies have diverted a larger share of their cash to green energy projects since the coronavirus outbreak in a bet the global health crisis will leave a long-term dent in fossil fuel demand, according to a Reuters review of company statements and interviews with executives. The plans of companies like BP, Royal Dutch Shell and Total are in step with the European Union’s efforts to transition to a lower-carbon econo...


Reuters | Equities.com |

HOUSTON (Reuters) - Occidental Petroleum Corp on Tuesday swung to a first quarter loss on writedowns and charges, and the troubled U.S. oil producer cut its budget for the third time since March in response to a historic oil-price crash. The company has been struggling with debt taken on in last year’s $38 billion acquisition of Anadarko Petroleum, an ill-timed bet on rising shale oil prices ahead of a market dive. Global energy demand has tumbled amid coronavirus-related travel and business...


AP News | Equities.com |

NEW YORK (AP) — Profits fell at Exxon Mobil as the global pandemic began to erode oil demand.The Irving, Texas oil giant lost $610 million in the first quarter, down 126% from the same time last year, the company said Friday.Revenue was $56.16 billion, down 12% from the same quarter in 2019.Fewer people flew or drove as the world fought to contain the spread of COVID-19, decreasing the need for jet fuel and gasoline. That resulted in oversupplied markets and unprecedented pressure on prices an...


AP News | Equities.com |

The company began work over the weekend at the US-Canada border crossing in northern Montana on the long-stalled pipeline.


AP News | Equities.com |

A global glut in production, coupled with an economy reeling from the coronavirus pandemic, has sent energy prices to lows not seen since 2002.


Michael McTague | Equities.com |

In the conclusion of this series, we examine Nigeria, a country whose infrastructure undermines its ability to move forward as an economic powerhouse.


Reuters | Equities.com |

Oil prices have collapsed, driven by a slump in demand because of the coronavirus crisis and a price war between Saudi Arabia and Russia.


AP News | Equities.com |

Countries report surging numbers of COVID-19 infections, forcing prolonged shutdowns of travel and business.


Reuters | Equities.com |

The industry is reeling from a demand and price collapse caused by the coronavirus pandemic and an emerging price war.​


Stephen L Kanaval | Equities.com |

China may have booked an estimated five U.S. cargoes totaling 220,000 metric tons, according to sources.



Discover: Trending Events

United Nations
Blockchain for Europe
Humanity 2.0
World Economic Forum