Report: World demand for gasoline may never recover
The world's once-insatiable demand for gasoline is unlikely to recover to pre-pandemic levels, according to a report Wednesday from the International Energy Agency.
Mar 17, 2021
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The world's once-insatiable demand for gasoline is unlikely to recover to pre-pandemic levels, according to a report Wednesday from the International Energy Agency.
Mar 17, 2021
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Hit by the coronavirus pandemic and a sharp drop in oil prices, biofuel demand has declined for the first time in two decades and may struggle to recover, according to experts.
Nov 27, 2020
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Royal Dutch Shell will axe up to 9,000 jobs or more than 10 percent of its global workforce, the energy giant said Wednesday as the coronavirus pandemic slams oil demand and prices.
Sep 30, 2020
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Newfoundland and Labrador's offshore oil and gas industry is facing major challenges due to plummeting oil prices and the COVID-19 pandemic. Exploration wells have been postponed and several large projects have been deferred.
Jun 4, 2020
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Major Japanese trading house Mitsubishi Corp said Friday it was carrying out an investigation after its Singapore-based subsidiary lost $320 million because of unauthorised trades by an employee.
Sep 20, 2019
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A series of converging trends provided political cover for the reforms of long-standing energy subsidies launched by oil-exporting states in the Middle East and North Africa, according to a new paper by an expert in the Center ...
Apr 23, 2018
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