Covid-1

Canadian oil and gas producers made their second appeal Thursday for a national corporate tax break to counter depressed sales and prices blamed on the Covid-19 pandemic, global supply gluts and environmental movements to curb fossil fuel use.

The impact of Covid-19 on pressuring U.S. natural gas prices remains a wildcard, but supply/demand changes point for the strip to move lower this year before 2021 ushers in “extremely bullish” prices, Raymond James & Associates Inc. said Monday.

As the devastating impacts from the Covid-19 pandemic destroy not only natural gas and oil demand but people’s livelihoods, theenergy industrycontinues to mount all-out efforts to support communities across the United States and abroad.

FERC should call a halt to approvals of natural gas pipelines, liquefied natural gas (LNG) export facilities “and related fossil-fuel infrastructure projects until the end of the Covid-19 crisis,” according to a group of attorneys general (AG) representing 10 states and the District of Columbia.

The U.S. natural gas rig count fell one unit to 80 during the week ended Friday (May 8), while another steep decline in oil activity sent the overall U.S. count plummeting once again, according to the latest figures from Baker Hughes Co. (BKR).

Efforts to mitigate the spread of Covid-19 caused daily weekday electricity demand in New York state to fall by 11-14% in March and April compared to expected demand, the Energy Information Administration (EIA) said Wednesday.

Canadian oil and natural gas drilling is plummeting to the slowest pace in half a century, report the industry’s field contractors.

California’s coronavirus lockdown has shone a spotlight on the state’s energy sector, and the eventual recovery to a new-normal economy will require a key role for clean energy, according to Edison International (EI) CEO Pedro Pizarro.

A cross-section of Canadian producer and contractor firms deepened 2020 capital spending cuts Monday in response to the worsening fossil fuel market outlook caused by the Covid-19 virus pandemic.