EIA Forecast Highlights Global liquid fuels Although all market outlooks are subject to many risks, the May edition of EIA’s Short-Term Energy Outlook remains subject to heightened levels of uncertainty because the effects on energy markets of mitigation efforts related to the 2019 novel coronavirus disease (COVID-19) are still evolving. Reduced economic activity related to the COVID-19 pandemic has
Reuters RIO DE JANEIRO – Petrobras has delayed the submission of binding offers for an oilfield cluster known as Polo Garoupa for a fourth time, two sources with knowledge of the matter told Reuters, as investor appetite in Brazil’s offshore oil sector rapidly dries up. With annual production of 19,600 barrels of oil equivalent per day according to bidding
QEP Resources Names New Independent Chair of the Board
Reuters LONDON – Crude oil traders expect the market to be closer to balance in the next few months as production cuts are implemented and the global transport system emerges from a coronavirus lockdown. Source: Reuters Futures prices and swaps linked to physical prices show the market has now moved through the worst of the crisis caused by the volume
SwRI Expands Fuel Processing Capabilities With New Large-Scale-Reactor
CNBC Voluntary production cuts by OPEC members show that oil producing countries are doing what they can to stabilize the market during the ongoing coronavirus outbreak, one strategist told CNBC this week. Saudi Arabia on Monday said it will reduce output by an additional 1 million barrels per day from June 1, in a bid to support oil prices. Following the kingdom’s announcement, the UAE and Kuwait
Pennsylvania AFL-CIO Encourages Caution and Consideration in RGGI Process
Brattle Economists Release Updated Assessment on COVID-19 Impacts on Energy Industry
Reuters LONDON – Oil prices rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June to help drain a supply glut built up during the coronavirus crisis. Brent crude LCOc1 advanced 78 cents, or 2.6%, to $30.41 at 1216 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 was up $1.22, or 5%,
AAR Approves Field Trials for New Standard Profile Bottom Outlet Valve
World Markets Mostly Higher Tuesday; US Futures Up 0.3%
