Energy News

An aerial view shows pumpjacks in the South Belridge Oil Field on April 24, 2020 near McKittrick, California. David McNew | Getty Images The International Energy Agency believes the coronavirus pandemic has paved the way for the largest decline of global energy investment in history, with spending set to plummet in every major sector this
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Maersk containers onboard the container ship Hammonia Husum, as it leaves Portsmouth harbour. (Photo by Andrew Matthews/PA Images via Getty Images) Andrew Matthews | PA Images | Getty Images Several major Danish firms, including Orsted and Moller-Maersk, have formed a partnership aiming to produce sustainable fuels on an industrial scale. The goal of the partnership — other members
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People take shelter at the George R. Brown Convention Center after flood waters from Hurricane Harvey inundated the city on August 29, 2017 in Houston, Texas. Getty Images Disaster officials in the midst of responding to the coronavirus pandemic now have another potential crisis to worry about: hurricane season. The National Hurricane Center predicted Thursday
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The fortunes of the oil market have turned around dramatically in the past month. This time last month, investors were watching the futures market in disbelief. The May contract for West Texas Intermediate oil was set to expire, and prices did the unthinkable —  they plunged 300% in one day, deep into negative territory. In the spot market
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A pop-up cycle lane in Park Lane, London, where bollards have been installed to create segregation between cyclists and other road users. Stefan Rousseau | PA Images | Getty Images The mayor of London and the local transport authority announced sweeping new measures Friday that could radically alter the way people move around the U.K.
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Voluntary production cuts by OPEC members show that oil producing countries are doing what they can to stabilize the market during the ongoing coronavirus outbreak, one strategist told CNBC this week. Saudi Arabia on Monday said it will reduce output by an additional 1 million barrels per day from June 1, in a bid to support oil
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