Sunday, August 3, 2025

Stay-at-home orders led to less commercial and industrial electricity use in April

EIA Oil & Gas Publisher’s Note: This information from the EIA is not a trivial impact to the price of oil and natural gas. This is only one of the pricing and impacts that we had discussed 3 months ago with Bernadette Johnson, VP, Enverus. She had already taken these data points into consideration for the Enverus pricing models.  Electricity

Shell to cut asset values by up to $22 billion after coronavirus hit- oil and gas 360

Shell to cut asset values by up to $22 billion after coronavirus hit

Reuters LONDON – Royal Dutch Shell (RDSa.L) plans to slash the value of its oil and gas assets by up to $22 billion after the coronavirus crisis hit demand for fuel and weakened the outlook for energy prices, the Anglo-Dutch energy company said on Tuesday. The writedown announcement came after Shell cut its forecast for energy prices into 2023 on