Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.

Oil market still under pressure despite record futures surge

Bloomberg | April 02, 2020 | Energy | Conventional

Oil Soars on Trump’s Contentious Saudi-Russia Output Cuts Claim

Bloomberg | April 02, 2020 | Energy | Conventional
Not much fat to cut: E&P operators will only be able to reduce supply chain costs by up to 12% in 2020

AJOT | April 02, 2020 | Energy

In the downturn of 2020, global E&P operators will only be able to cut supply chain costs by up to 12%, a Rystad Energy analysis shows.
Overflowing oil tanks have traders eyeing rail cars for storage

Bloomberg | April 01, 2020 | Energy | Intermodal | Rail

Oil companies are turning to rail cars to stash the crude they can’t sell, as the world runs out of places to store a growing glut of cheap barrels.
COVID-19 demand update: Oil seen down 6.4%, jet fuel down 26%, road fuel down 5.5% in 2020

AJOT | April 01, 2020 | Energy

Rystad Energy is creating a weekly comprehensive report calculating the effect of the novel coronavirus in our lives and updating estimates for global fuel markets.

Trucking demand throws a lifeline to ailing refineries

Bloomberg | March 31, 2020 | Energy | Intermodal | Trucking
American ‘backyard’ wells, the flexible 11% of the US onshore oil output, now face an inflexible choice

AJOT | March 31, 2020 | Energy

About 11.4% of the total US onshore oil output in 2019 came from thousands of small micro-producing wells that are very often located in people’s backyards and have been kept alive for decades, securing a monthly salary supplement for their owners. These wells are called Stripper wells, they typically produce no more than 10 barrels of oil per day (bpd) and have been considered a flexible source of supply as production can theoretically be shut and restart more quickly than in other conventional large-scale operations.

Trump and Putin are all talk on oil price plunge

Bloomberg | March 31, 2020 | Energy

Oil aided by China recovery but still set for worst ever quarter

Bloomberg | March 31, 2020 | Energy | International Trade
The hottest trade in commodities is finding space to store them

Bloomberg | March 30, 2020 | Energy | Logistics

When it comes to commodities, the only thing in demand right now is somewhere to put them.
The Global Oil Market Is Broken, Drowning in Crude Nobody Needs

Bloomberg | March 28, 2020 | Energy | Conventional

The global oil market is broken, overwhelmed by an unmanageable surplus as virus lockdowns cascade through the world’s largest economies.
COVID-19 set to wipe out global solar and wind project growth for 2020

AJOT | March 27, 2020 | Energy | Alternative | By The Numbers

Renewable energy projects expecting to achieve financial close or break ground globally will not avoid taking a hit from Covid-19’s effect on the economy.

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