Archives for February 2020
OPEC expects Russia to respond in days to plan to cut output
OPEC expects Russia to respond in days, rather than weeks, to a production-cut proposal as the cartel confronts a price rout triggered by the collapse in petroleum demand from China, according to a delegate. Source:...
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Floating wind turbines poised to grow but hampered by costs
Offshore wind generation is growing rapidly and is expected to make up 25 percent of total wind demand by 2028, up from 10 percent in 2019, according to a new study from the research firm...
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Why the coronavirus is making it cheaper to fuel planes
(Bloomberg) — When the coronavirus outbreak forced the cancellation of thousands of flights in China and, in the process, wiped out demand for jet fuel, refiners there did what they normally do in such situations:...
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NOV finishes year of losses $6.1 billion in the red
Houston oilfield service company National Oilwell Varco finished up a year of losses $6.1 billion in the red. Source: FuelFix
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Oil rises on hopes Russia will agree to OPEC+ production cut
(Bloomberg) — Oil advanced for a second day on hopes that OPEC and its allies would further curb oil production as the deadly coronavirus outbreak hits global energy demand. Futures climbed 0.4% in New York...
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