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February 28, 2020
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Oil riches in focus as citizens head to ballot box

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CNBC – For more and to sign up click here River taxis wait for customers at the dock in the town of Bartica, Guyana on June 6, 2016. Bartica is a town at the confluence of two major rivers and is the launching point for people who work in the......
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OPEC hasn’t run out of ideas, Saudi energy minister insists

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CNBC – For more and to sign up click here OPEC and its allied oil-producing nations are still working well together and still have options to try to rebalance global crude markets, Saudi Energy Minister Prince Abdulaziz bin Salman said Tuesday. “We do communicate with each other, we use every......
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Tech and energy are teaming up, creating a market that could grow 500% in the next 5 years

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CNBC – For more and to sign up click here As the energy industry faces a time of reckoning — pressured by consistently low oil prices, high operating costs and a growing sustainable investing movement — oil and gas companies are increasingly turning to Silicon Valley for help streamlining operations......
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First Solar, Dropbox, Fitbit and more

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CNBC – For more and to sign up click here A contractor for First Solar Inc. works on construction of the Tenaska Imperial Solar Energy Center South project in Imperial County, California. Sam Hodgson | Bloomberg | Getty Images Check out the companies making headlines after the bell: Dropbox —......
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Abu Dhabi makes pitch to private sector in multi-billion dollar investment drive

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Abu Dhabi city skyline, United Arab Emirates. kasto80 | iStock | Getty Images The Abu Dhabi Government is turning to the private sector for the next phase of its multi-year, 50 billion dirham ($13.6 billion) economic stimulus plan known as Ghadan 21. The stimulus package is aimed at future-proofing and......
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Elon Musk calls Bill Gates underwhelming for buying Porsche over Tesla

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CNBC – For more and to sign up click here Bill Gates, billionaire and co-chair of the Bill and Melinda Gates Foundation, reacts during a panel session on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 22, 2019. Bloomberg Elon Musk isn’t impressed......
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No need to panic about coronavirus impact on oil markets

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CNBC – For more and to sign up click here US Secretary of Energy, Dan Brouillette, delivers opening remarks while meeting with 17 business leaders from Confederação da Indústria Portuguesa (CIP) and the American Chamber of Commerce at the Intercontinental Hotel on February 13, 2020 in Lisbon, Portugal. Horacio Villalobos......
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Global oil demand outlook from the IEA

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CNBC – For more and to sign up click here A Chinese worker checks the valve of a gas pipe at a natural gas plant in Suining, in southwest China’s Sichuan province. STR | AFP | Getty Images Global oil demand is now expected to see its first quarterly contraction......
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Oil jumps 3% as new coronavirus cases slow, Street eyes deeper production cuts

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CNBC – For more and to sign up click here Oil jumped more than 3% on Wednesday as traders eyed deeper production cuts from OPEC, and as China reported the lowest number of new coronavirus cases since the end of January, easing concerns about a drop-off in demand for oil.......
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The coronavirus is a ‘black swan’ for oil and energy markets, says Ned Davis Research

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CNBC – For more and to sign up click here The outbreak of the coronavirus is a “true black swan” for the oil and energy market, and as crude prices continue to move lower the worst may not be over yet, Ned David Research said in a note to clients......
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Natural gas prices falls to historic low amid outbreak

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CNBC – For more and to sign up click here Sinopec employees work on pipelines connecting a Sinopec natural gas facility and Binhai transmission station of China National Petroleum Corporation’s (CNPC) Dagang oilfield, in Tianjin, China October 22, 2018. Reuters The chief executive of Austrian energy firm OMV has quipped......
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Oil prices may slide further amid coronavirus outbreak: Analyst

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CNBC – For more and to sign up click here There could be a further $5 a barrel downside for oil prices as a result of the coronavirus, an energy analyst said this week. Both Brent and West Texas Intermediate crudes have suffered losses amid the coronavirus outbreak, but things......
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History says oil prices can fall another 10%

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CNBC – For more and to sign up click here WTI crude dipped below $50 per barrel on Monday, the first time oil dipped below that level in more than a year. Oil prices are now in bear market territory compared to their previous 52-week highs, and WTI crude has......
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BP earnings q4 2019

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CNBC – For more and to sign up click here A BP company logo at a gas station in London, U.K. Chris Ratcliffe | Bloomberg | Getty Images Energy giant BP reported better-than-expected full-year net profit on Tuesday, outperforming analyst expectations despite lower oil and gas prices. The U.K.-based oil......
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OPEC+ considering further 500,000 bpd oil output cut: Sources

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CNBC – For more and to sign up click here The logo of the Organization of the Petroleum Exporting Countries (OPEC) at the headquarters. Omar Marques | LightRocket | Getty Images OPEC and its allies are considering cutting their oil output by a further 500,000 barrels per day (bpd) due......
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Exxon Mobil (XOM) Q4 2019 miss estimates

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CNBC – For more and to sign up click here Exxon earned $5.69 billion in the fourth quarter, down from $6 billion in the same period a year ago as lower oil prices continue to pressure profits. The company’s quarter was boosted by one-time events, including a $3.7 billion gain......
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Net profit falls 23% year-on-year on lower oil, gas prices

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CNBC – For more and to sign up click here Royal Dutch Shell products in Torzhok, Russia. Andrey Rudakov | Bloomberg | Getty Images Oil giant Royal Dutch Shell reported a sharp fall in full-year net profit on Thursday, citing challenging macroeconomic conditions and lower oil and gas prices. Net......
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Coronavirus impact on oil prices not entirely comparable to SARS

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CNBC – For more and to sign up click here There’s a “bear stampede” in the oil market as a new coronavirus spreads, but that may not be directly comparable to the sell-off in 2003 associated with the outbreak of severe acute respiratory syndrome (SARS), according to an energy analyst.......
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Oil hits more than 3-month low on fears coronavirus will slow growth

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CNBC – For more and to sign up click here A staff member checks the temperature of a guest entering the casino of the New Orient Landmark hotel in Macau on January 22, 2020, after the former Portuguese colony reported its first case of the new SARS-like virus that originated......
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Coronavirus fear hits oil, prices drop most since May

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CNBC – For more and to sign up click here A militia member checks the body temperature of a driver on a vehicle at an expressway toll gate in Wuhan in central China’s Hubei province Thursday, Jan. 23, 2020, in a bid to contain the spread of the new coronavirus.......

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