Tag: coronavirus

August 12, 2020

The coronavirus pandemic has exposed some hard truths to the world’s largest oil and gas majors, energy analysts have told CNBC, with many reeling after historic second-quarter losses laid bare the financial frailty of the industry. “Big Oil” companies, referring […]

July 29, 2020

Oil prices rose on Wednesday after an industry report showed that crude inventories in the United States fell against expectations, giving the market a boost amid record increases of coronavirus infections in the U.S. and elsewhere. Brent crude futures were […]

July 9, 2020

The paper – titled Building a stronger tomorrow: Nuclear power in the post-pandemic world – says the global coronavirus pandemic has had profound impacts on societies around the world. “In many countries it has prompted reviews by governments of how […]

June 30, 2020

Oil giant Royal Dutch Shell said on Tuesday it will write down the value of its assets by up to $22 billion in the second quarter, after revising down its long-term outlook for oil and gas prices. It comes after […]

June 22, 2020

The EU’s trillion-euro coronavirus recovery package may not support big renewable energy projects in the same way as initially expected. The EU is currently working through the details of a €1.85 trillion ($2.08 trillion) recovery package. Before the stimulus was […]

June 17, 2020

The EU’s renewable targets remain well within reach despite COVID-19’s long shadow, according to figures released as countries urge the bloc to embrace the “missing link” of green hydrogen. Earlier this week, the European Commission said it has assessed the […]

June 15, 2020

Energy giant BP announced Monday it had lowered its oil price expectations through to 2050, saying the aftermath of the coronavirus pandemic was likely to accelerate the transition to a lower carbon economy and energy system. The U.K.-headquartered oil and […]

June 11, 2020

The American solar industry installed 3.62 gigawatts of photovoltaic capacity during the first quarter of 2020, a record amount for the period, according to new analysis published Thursday. While the number may sound encouraging, the U.S. Solar Market Insight Q2 […]

June 10, 2020

With discussions in the U.S. Congress underway on the makeup of a ‘Phase 4’ coronavirus stimulus package, multiple reports are identifying clean and renewable energy as a key sector that Democrats hope to support. Although details are still scarce, ideas […]

June 8, 2020

The calls on the US to rescue its COVID-hit renewables sector are gathering steam, with high-profile Democrats now lobbying for new aid after the first stimulus package left the industry out. In recent days, former Democratic presidential hopefuls Bernie Sanders, […]

June 3, 2020

Well, that was brief. The collapse in the global oil price at the start of the Coronavirus crisis got many headlines, but its rapid increase as the recovery phase begins has not attracted so much attention. Data revealed yesterday shows […]

June 3, 2020

Following days of rioting that frightened even those of us who remember the 1960’s, a dazed America wakes up in a very different place than before. Still in the midst of civic unrest and a global pandemic, the country also […]

May 20, 2020

Renewable installations are set to fall this year due to the impact of the coronavirus pandemic, the International Energy Agency said Wednesday. The IEA’s Renewable Market Update report projects that 167 gigawatts (GW) of renewable capacity will be added in […]

May 18, 2020

The COVID-19 pandemic has had devastating global public health and economic effects, and as shelter-in-place orders reduce energy demand across the United States, the pandemic’s associated climate impacts are coming into view. Significant uncertainty around economic activity mean few emissions […]

May 13, 2020

During the past two months of COVID-19 “lockdown”, the United States has watched 30 million jobs evaporate, incurred an additional $2 trillion dollars of debt, seen our national debt exceed the GDP, and still not fixed our infrastructure. In fighting […]

May 8, 2020

It is said that Asia’s voracious appetite for crude oil in general, and China’s in particular, fuels much of the global demand that’s been so badly stunted by the spread of the global coronavirus or Covid-19 pandemic. However, there are […]

May 6, 2020

Oil prices dropped on Wednesday, snapping a five-session winning streak, as oversupply concerns outweighed optimism over economies reopening. West Texas Intermediate, the U.S. benchmark, shed 5.7%, or $1.40, to trade at $23.16 per barrel. In a volatile session, the contract […]

May 1, 2020

The whistle has blown on the latest major offshore wind auction in Europe, the first since the coronavirus pandemic took hold. The results, and the level of interest, could offer some guidance on the offshore sector’s resilience in the face […]

April 27, 2020

Is the avalanche of money that was chasing renewable energy projects before the coronavirus crisis rolling on or grinding to a halt? The headlines still show plenty of deals closing. Developers are clinching power-purchase agreements, assets are changing hands and […]

April 21, 2020

Texas has been slammed by the collapse in oil prices and the recovery ahead for the area and the national economy as a whole will be slow, former Dallas Federal Reserve President Richard Fisher said Tuesday. West Texas Intermediate crude […]