Jan 14, 2020

Largest U.S. natural gas producer plans $1.8 billion write-down in Q4

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"Phase one" trade deal could spur Chinese purchases of U.S. energy

The newly inked "phase one" U.S.-China trade deal calls for China to boost purchases of U.S. energy products — including crude oil and liquified natural gas (LNG) — by $52.4 billion over the next two years.

Why it matters: China is the world's largest oil importer and second-largest LNG consumer.

Go deeperArrowJan 16, 2020

There's more oil and gas than ever — and the industry is tanking

Illustration: Eniola Odetunde/Axios

The world's oil and natural gas companies are drilling their way into financial and social hell.

Driving the news: The industry's stocks are in the toilet, and climate change is fast becoming a mainstream investor worry. These problems overlap and neither is going away anytime soon — if ever.

Exclusive: IEA to track oil companies’ efforts on clean energy

Data: International Energy Agency; Chart: Danielle Alberti/Axios

The world’s oil and gas companies will undergo annual reviews by the International Energy Agency to assess how they’re doing on climate change and clean energy issues.

Driving the news: The group released a report on Sunday showing that oil and gas producers, including those owned by governments, spend on average just 1% of their total capital expenditure outside oil and gas.

Go deeperArrowJan 20, 2020