• China Extracts Record Amount Of Natural Gas From ‘Fire Ice’ In South China Sea

    • Date: 31/03/20
    • OilPrice.com

    We might be sitting on enough gas to power the world for hundreds, if not thousands, of years. In a world awash in oil and gas, you’d think it couldn’t get any worse. Well, it can: China just announced that it had extracted a record amount of what has been poetically called fire ice. It is, however, a […]

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  • Dying Biofuels: Green Fuel Plants Are Shutting Down and Some May Never Come Back

    • Date: 30/03/20
    • Bloomberg

    The coronavirus and cheap oil are hitting the fuel business so hard that ethanol plants are shutting down. Some may never come back. The entire biofuel industry is facing a reckoning. Long before the pandemic emptied roads and exacerbated an oil price war, producers were battling chronic oversupply and trade upheaval. Now slumping demand and […]

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  • Diplomats Signal End Of Europe’s Green Deal In Attempt To Save EU Economy

    • Date: 25/03/20
    • Reuters

    “We cannot just continue with the plans and programmes we had so far. They were developed for a world without coronavirus.” BRUSSELS (Reuters) – Poland, which relies heavily on coal-fired power stations, will find it even more difficult to achieve the European Union’s climate goals because of the impact of the coronavirus epidemic on the […]

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  • Cheap Coal May Get Boost In Post-Pandemic World

    • Date: 23/03/20
    • OilPrice.com

    In a post-pandemic world coal, while having lots of problems, is considered to be a cheap and reliable source of energy to rebuild the economy. The COVID-19 pandemic has shaken energy markets to the core this year, creating incredible volatility for fuel prices. The one energy source that hasn’t blinked though is coal, a fuel […]

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  • Energy Bill Hikes to Pay For £69m Scots Wind Farm Compensation

    • Date: 18/03/20
    • Martin Williams, The Herald

    HOUSEHOLDS are facing a huge hike in their energy bills after a record surge in subsidy payments to switch off Scottish wind farm turbines partly caused by them producing too much power, an analysis has found. In the two months of this year, £69 million was paid out in constraint payments, according to research by […]

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  • Oil Slumps to Lowest Since 2003 on Global Recession Threat

    • Date: 18/03/20
    • Bloomberg

    Oil extended its slide to the lowest level in almost 17 years as the coronavirus pandemic threatens to bring the global economy to a standstill, battering demand just as supply explodes. Futures in New York fell as much as 4.2% to $25.83 a barrel, the lowest since May 2003, extending losses this week to almost 18% in […]

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  • Czech PM Urges EU to Ditch Green Deal Amid Virus

    • Date: 17/03/20
    • Euractiv

    The Czech premier, whose country depends on nuclear energy and coal, said Monday (16 March) the European Union should ditch its landmark green law seeking carbon neutrality as it battles the novel coronavirus. “Europe should forget about the Green Deal now and focus on the coronavirus instead,” Prime Minister Andrej Babiš told reporters. “Europe is […]

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  • Coronavirus Crisis: Putin Dumps Saudi Arabia To Start War on America’s Shale Oil Industry

    • Date: 07/03/20
    • Bloomberg

    The coronavirus’s impact on the global economy is still unclear and with millions more barrels poised to flood the market, Wall Street analysts are warning oil could test recent lows of $26 a barrel. At 10:16 a.m. on a wet and dreary Friday morning, Russia’s energy minister walked into OPEC’s headquarters in central Vienna knowing his boss […]

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