A plunge in the volume of crude oil stored on ships combined with unexpected cuts from top producer Saudi Arabia have created a glut of vessels available for hire, pressuring the outlook for supertankers this year. Earnings […]
Energy News Beat Publishers Note: In order to elevate people from poverty they need access to clean, reliable, and affordable energy. While going green is a good thing, it needs to be done with a […]
An increase in Iranian oil exports to China has received some unwanted attention in recent days and is now prompting fears of a clampdown. Indonesia seized two vessels — one of which was Iranian-flagged — on Sunday […]
Growing oil product oversupply and government liberalisation efforts are unlikely to lead to any sharp reduction in Chinese refining capacity in the near future, supporting the country’s crude import demand and fuel exports, participants at […]
Tesla reported a web revenue of $270 million in 2020’s last quarter, serving to Elon Musk’s electrical automobile powerhouse notch its first worthwhile 12 months. As standard, gross sales of air pollution credit helped hold the corporate […]
Energy News Beat Publishers Note: This is sad for the lower income and disproportionate impacted communities. They always pay the price, and our elected officials need to take care of them, rather than tax them past […]
The Biden administration’s moratorium of oil and gas leasing on federal public land faced an immediate legal attack from an energy industry group. Western Energy Alliance, which says it represents 200 oil and natural gas […]
NEW YORK (AP) – Hess Corp. (HES) on Wednesday reported a loss of $97 million in its fourth quarter. The New York-based company said it had a loss of 32 cents per share. Losses, adjusted […]
Exxon Mobil Corp. is heading for a proxy showdown after activist investor Engine No. 1 formally nominated four directors to the board of the energy giant, which is facing growing calls to change its strategy. Engine No. 1, […]
Oil rose as signs of tightening supplies around the world offset concerns over the pandemic’s latest hit to demand. U.S industry data pointed to a sharp drop in the nation’s crude stockpiles last week. If confirmed by […]
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