Energy in America

Energy company BP says that its global workforce will be trimmed by 10,000 jobs amid the ongoing impact of the COVID-19 pandemic.

OPEC and allied nations agreed Saturday to extend a production cut of nearly 10 million barrels of oil a day through the end of July, hoping to boost energy prices hard-hit by the coronavirus pandemic.

OPEC+ had initially agreed in April that it would cut supply by 9.7 million barrels per day during May-June to prop up prices that collapsed due to the coronavirus crisis.

 California utility PG&E Corp is preparing an $11 billion debt-financing package as it prepares to exit from its bankruptcy, an investor involved with the company's funding plan said on Friday, sending its shares up more than 12 percent

Cuts have been due to taper to 7.7 million bpd from July to December

Pacific Gas & Electric's proposal to pay $25.5 billion for a series of deadly Northern California wildfires ignited by its equipment faced a final barrage of resistance from critics Thursday, who told a federal judge that the plan will do more to enrich savvy investors than help fire victims rebuild their lives.

Former Enron CEO Jeffrey Skilling, released last year after a 14-year prison term stemming from the energy firm's collapse, is raising funds to launch a digital marketplace catering to professional oil and gas investors.

It marks the lowest average interest rate since August 2013

Officials postponed the sale oil and gas leases in several states.

The stories of WTI and Brent crude -- each an oil market benchmark -- reflect decades-long shifts in global demand for crude.

A federal appeals court turned down the Trump administration's request Thursday.

The regulatory approval came hours after a federal judge blasted the company for engaging in behavior that he believed is endangering lives.

The ruling overturned a decision by one federal judge.

Hurricane season 2020 could be as severe as 2005 which included Katrina.

All royalty relief will be temporary and last a maximum of 60 days

Here is how much electricity is going to cost New Yorkers in a coronavirus summer.

Although some states have already kicked off re-openings, others have extended shutdowns, meaning the demand for fuel should remain at low levels.