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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.
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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.
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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.
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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.
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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.