Chevron cuts capital spending by $4bn in response to coronavirus crisis

US oil giant said it would “continue to execute” plans to reduce operating costs by more than $1bn by the end of the year

India plans to increase fuel excise duty to fund covid-19 fight

The duty will go up by ₹8 per litre (£0.089) for both petrol and diesel to mobilise additional resources

Gujrat Urja Vikas Nigam issues tender for 700MW of solar power

The plants will be located in the state of Gujrat, in the 1GW Dholera Solar Park on a build-own-operate basis

Shell to cut $9bn from operational costs to weather oil prices crash during coronavirus

The oil giant said it “is taking immediate steps to ensure the financial strength and resilience of our business”

Coronavirus crisis has ‘severe impact’ on global energy and oil markets

Global oil demand in 2020 will be down around 90,000 barrels a day from 2019, according to the latest report from International Energy Agency

Coronavirus ‘to cut 2020 oil and gas investments by $30bn’

Oil prices have slid by almost 25% this year on the back of lower demand and slower expected economic growth, according to Rystad Energy

Crude oil price forecast to fall in the first half of 2020

The Energy Information Administration forecasts Brent crude oil spot price will average $65 per barrel in 2020 and $68 per barrel in 2021

Global water market ‘to grow to $915bn by 2023’

It has been linked to high commodity and oil prices as well as major water quality and infrastructure plans

BP’s annual profits soar to $6.2bn

Energy giant BP has seen its annual profits soar to $6.2 billion (£4.4bn), largely due to the rise in global oil prices. Profits more than doubled last year – up from $2.6 billion (£1.86bn) the year before. The company said oil and gas exploration delivered the most successful year since 2004, with around one billion […]

Webinar: Oil prices are rising, how do you control ALL your energy budgets

Controlling your gas and power budgets through flexible procurement contracts? Well now you can for liquid fuels too: total fuel budget control. If you’re worried about your strategy for liquid fuels, Julian Keites of Kinect takes you through the new thinking on fuel price risk management…..and how you can make significant savings. To register please […]