The coronavirus lockdown will cause the biggest drop in energy demand in history, with only renewables managing to increase output through the crisis, Bloomberg reported.
As people around the world consume less oil, gas and coal, electricity generated from the wind and sun will keep flowing,...
Russian crude and condensate production totaled 46.45 million tons in April, according to data released Saturday by the Central Dispatching Unit of the Russian Energy Ministry. This is equivalent to around 11.349 million barrels per day, up 0.5% on month.
Russia was free to produce at will in...
Exxon Mobil Corp and Chevron Corp are slamming the brakes on oil output, as the top two US producers plan for combined global shut-ins of 800,000 barrels per day in response to plunging crude prices and fuel demand.
Both companies on Friday outlined deep cuts in investments in the Permian shale...