Oil-rich countries have been hit hard by the pandemic. How can they move on?

Oil prices are still far below the break-even point for many producers in the Middle East.
Transitioning away from oil, for countries that depend on the industry, is easier said than done.
Joe Raedle/Newsmakers

Russian tanker crosses Arctic in early season voyage as ice grows thinner

Jun 8, 2020
The route, which saves more than 10 days of travel, is a test case for a Russian energy company that wants to ship gas to China through the summer.
The ice-breaking Christophe de Margerie, carrying natural gas to China, was able to start its Arctic voyage earlier in the year because of thinning ice.
Total

The U.S. consumed more renewable energy than coal in 2019

May 29, 2020
It's the first time that's happened since 1885.
Gabriel Bouys/AFP via Getty Images

New energy secretary is likely to continue in predecessor's path

Dec 11, 2019
Dan Brouillette served under the previous secretary in a deputy role
U.S. Deputy Energy Secretary Dan Brouillette speaks during a press conference with the German Economy Minister on February 12, 2019 at the Economy Ministry in Berlin.
Odd Andersen/AFP via Getty Images

What investors need to see in Saudi Aramco's IPO prospectus

Oct 18, 2019
The state-run oil giant is notoriously opaque. But as it moves forward with going public, prospective investors have been demanding details about how the company is run.
Amin Nasser, CEO of Saudi state oil company Aramco, speaks at the 24th World Energy Congress in Abu Dhabi in September.
Karim Sahib/AFP/Getty Images

IEA releases new oil market numbers amid demand concerns

Oct 11, 2019
Demand for oil is growing, but barely; it's at the lowest rate in a decade.
KAREN BLEIER/AFP/Getty Images

From fracking to "Fortnite": Company pivots from oil to esports

Sep 19, 2019
For one investment firm, competitive video gaming suddenly looked better than the volatile energy industry.
Gamers play "Fortnite" against Twitch streamer and professional gamer Tyler "Ninja" Blevins during Ninja Vegas '18 at Esports Arena Las Vegas in April 2018.
Ethan Miller/Getty Images

For public good, not for profit.

Limit eased on summer ethanol sales

May 31, 2019
Farmers love it. Environmentalists and gasoline refiners? Not so much.
A field of corn sits next to an ethanol plant in Palestine, Illinois.
Scott Olson/Getty Images

Despite liquefied natural gas export growth, Houston still worries about trade tensions

Feb 8, 2019
U.S. trade tensions with China could cause problems for the booming American LNG industry, experts warn.
President Donald Trump and China's President Xi Jinping leave a business leaders event at the Great Hall of the People in Beijing on Nov. 9, 2017.
NICOLAS ASFOURI/AFP/Getty Images

With California requiring solar panels on new homes, higher building costs and lower energy bills

Dec 10, 2018
California has become the first state in the nation to require solar panels on most new homes starting in 2020.
California has become the first state to require solar panels on most new homes.
Justin Sullivan/Getty Images