OIL & FUEL SECTOR NEWS HABERLERİ

The taking of impairments to oil and gas assets can become a point of controversy in the oil and gas business, often because they are the result of a complex decisions and judgments made by each individual company about current and future market conditions. As... 

The overarching challenge of COVID-19 is expected to impair the growth rates in almost all economies over the medium-term. The average OECD growth rate will stand at 0.7% p.a. in the period from 2019 to 2025, compared to the pre-COVID-19 projected growth... 

China has become the center of gravity for global energy markets. While energy demand growth has slowed or stopped in the Organisation for Economic Co-operation and Development (OECD) countries, China’s primary energy demand increased by more than 45%... 

The widening rift between the world’s two largest economies – the United States and China – has had analysts and market observers using the phrase ‘Cold War’ to describe how far the two global superpowers could go in their increasingly heated... 

As the Energy Newspaper family; For more than 6 years, we have started our activities for Energy Systems Engineers at the beginning of September as our 7/24 online energy news platform that advances with an objective, up-to-date and principled sectoral... 

Herculean global action to roll back the economic carnage of the coronavirus is about to bump into a new problem: climate change. With as much as $15 trillion in economic stimulus on offer – an unfathomable 17% of global GDP – we’ll see spending... 

Demand growth for refined oil products will never return to the levels it reached before the coronavirus outbreak, Citigroup said. As the global economy restarts, fewer people will fly and use their cars, analysts including Ed Morse wrote. With meetings... 

Russia and Saudi Arabia both rely on oil sales to fund a majority of their budgets. In the last five plus years, China has become the biggest customer for both countries. In fact, China is the world’s largest importer of oil, though it could cut... 

On May 12, the Energy Information Administration (EIA) released its latest Short Term Energy Outlook (STEO). This report reflects the first deep dive into how the energy demand collapse brought on by the COVID-19 pandemic is impacting energy market... 

It’s becoming evident the COVID-19 will disrupt the lives of the world’s 7.8 billion human inhabitants for much longer than we could have imagined. Already, millions are infected and hundreds of thousands dead, while the global economy could contract... 

Global oil supplies may be 6% less than expected by 2030 because of delays to investments by energy companies in response to falling crude prices due to the coronavirus crisis, data from energy analysts at Rystad showed. Oil and gas companies across the... 

OPEC and its oil producing allies on Sunday finalized a historic agreement to cut production by 9.7 million barrels per day, following days of discussions among the world’s largest energy producers. It’s the single largest output cut in history. West...