Archives for 2019
Renewables can't get grid to net zero alone, MIT scientists say
Getting the power grid to net-zero carbon emissions by 2050 will be far less costly if nuclear power, along with wind and solar energy, can be expanded on the power grid, according to scientists from...
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Oil gains for a third day as trade deal optimism extends
Oil rose for a third day, buoyed by signs of progress in the prolonged U.S.-China trade dispute, despite expectations for expanding American crude stockpiles. Source: FuelFix
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OPEC sees market share shrinking for years as shale triumphs
OPEC slashed estimates for the amount of oil it will need to pump in coming years, projecting that its share of world markets will shrink until the middle of the next decade amid a flood...
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Occidental vows to slash spending after Anadarko hits earnings
Occidental Petroleum Corp. pledged to slash spending by 40% next year after quarterly profit fell short of forecasts due in part to the oil explorer’s $37 billion takeover of Anadarko Petroleum Corp. Source: FuelFix
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Oil companies need to slash third of production to meet Paris goals: analysis
Major energy companies would need to cut their oil and gas production by 35 percent by 2040 in order to stay within international carbon reduction goals, according to a new analysis. Source: FuelFix
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