Energy Find the latest news and analysis, headlines, blogs and videos about energy markets, gas, oil, coal, commodities, nuclear power from CNBC.com.
Oil jumps more than 1% on weekly inventory decline forecast
on August 4, 2020 at 6:37 pm
Oil prices rose on Tuesday, on track to close at near five-month highs, on hopes the United States is making progress on a new economic stimulus package and signs America is making progress on curbing the coronavirus spread.
BP reports second-quarter loss after major write downs, halves dividend
on August 4, 2020 at 7:46 am
BP said it had halved its dividend to 5.25 cents per share for the quarter, compared to 10.5 cents per share for the first quarter.
Oil prices fall as rising coronavirus case numbers cast shadow over fuel demand pickup
on August 4, 2020 at 5:23 am
Oil prices slid on Tuesday amid concerns that a nascent recovery in fuel demand could stall as a fresh wave of COVID-19 infections around the world sparks tighter lockdowns just as major producers ramp up output.
The UAE becomes the first Arab country to launch its own nuclear energy program
on August 3, 2020 at 5:41 pm
The Barakah plant’s Unit 1 is the first of the UAE’s planned four reactors, which when complete are expected to meet 25% of the country’s electricity needs with zero carbon emissions.
OPEC+ is facing a ‘very delicate, fragile balancing act’ in the oil market, strategist says
on August 3, 2020 at 9:17 am
OPEC and its allies need to find a balance between supporting oil prices and keeping U.S. crude production at bay, John Driscoll of JTD Energy Services said this week as the oil-producing group starts to roll back supply cuts.