Oil prices hit highest levels in years
Shortages of natural gas, coal from Asia to Europe are driving additional demand for oil products in power generation. Oil prices hit their highest level in years on Monday as…
Fed chief mentions U.S. economic recovery slows
(Reuters) - The surge in U.S. coronavirus cases is beginning to weigh on economic activity, the head of the Federal Reserve said on Wednesday, and he promised the U.S. central…
Real-time energy use figures show UK economy recovery
LONDON - New data from corporate energy specialist Open Energy Market (OEM) offers a rare real-time demonstration of how Britain is getting back to work as lockdown lifts. Corporate energy…
Rystad Energy: Oil Demand Banks on COVID-19 wave two
Rystad Energy is now changing its base-case scenario for oil demand, banking on a second wave of Covid-19. The new assumption for the base case now incorporates a mild second wave of…
Neptune’s North Sea projects reached major milestones
COURBEVOIE, FRANCE - Neptune Energy announced the safe and successful installation of subsea oil and gas production flowlines and gas lift flowlines for its Duva & Gjøa P1 developments in…
UK defers oil sector’s request for blanket Covid testing
GLASGOW (Bloomberg) --The UK oil and gas industry says blanket testing of its workers is essential to avoid Covid-19 outbreaks offshore, but the authorities have so far refused to provide…
Despite Covid-19, Baker Hughes continue successes
HOUSTON (Bloomberg) - Baker Hughes is making structural changes to account for continued oil demand disruption after the coronavirus crippled economic activity around the world and compounded an historic oil…
Crude oil prices rebound but demand remains a problem
NEW YORK (Bloomberg) --Oil and crude prices recovered Monday, tracking a rally in U.S. equities, as a coronavirus vaccine the University of Oxford is developing with AstraZeneca Plc showed promising…
UK devise strategies to tackle COVID debt
LONDON (Reuters) - More than 200 of Britain’s top financial experts have joined forces to design initiatives to help small businesses restructure and repay as much as 35 billion pounds…
Betting On This COVID-Proof Industry would be Best
Investors are looking for the next post-coronavirus trend... And it's already here. While the world is in varying degrees of lockdown... Investors are home looking to profit from one stealth…