A buyer of liquefied natural gas has canceled two cargoes from Cheniere Energy Inc.. the biggest U.S. exporter. as a global glut pummels prices for the fuel and threatens to shut a key outlet for shale production.
Read More »Oil’s Five Day Rally Ends. Revealing Longer-Term Price Weakness
A five-day rally in oil prices ended as investors found new reasons to worry about how fuel demand will be affected by the impact of Asia’s deadly coronavirus.
Read More »U.S. Sanctions Russian Producer Over Links to PDVSA
The U.S. sanctioned a unit of Russia’s largest oil producer Rosneft PJSC for maintaining ties with Venezuela’s Nicolas Maduro and state-run oil company PDVSA.
Read More »Lack of Reforms Is Hurting Global Economy
The lack of deeper improvements in the global economic system is hindering what’s already an anemic outlook for growth. especially as the shock caused by the coronavirus.
Read More »Air Pollution Costs World $8 Billion a Day
Air pollution from burning fossil fuels is generating economic losses of $8 billion a day. according to a Greenpeace report.
Read More »US has Prevented $6bn Russia-Germany Gas Pipeline
It’s going to be a very long delay. because Russia doesn’t have the technology.
Read More »OPEC Underestimates China Virus
China’s own oil consumption is down sharply as factories stay closed and travel restrictions remain in place.
Read More »Oil Climbs Near Two-Week High on Easing Coronavirus Concerns
Oil rose for a third session. the longest winning streak since early January. after the World Heath Organization rekindled optimism that the coronavirus outbreak could be abating.
Read More »Jeff Bezos Unloads $4 Billion of Amazon Stock in a Week
Amazon.com Inc.’s founder and chief executive officer disposed of 2 million shares in the past week. collecting more than $4 billion.
Read More »Renault Looks to Cut Costs After Slashing Dividend. Posting Loss
Renault SA moved to reassure investors by dangling the prospect of cost cuts and assets sales after posting its first annual loss in a decade.
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