Greenhouse gas emissions reach new height
Greenhouse gas emissions rose to a symbolic high last year and are at levels more than 40 percent higher than before the Industrial Revolution, a report said. The World Meteorological Continue Reading
How Virtual Reality Could Reshape The Energy Sector
Virtual reality oil Humans have a hard time with numbers. The truth is that our brains are much better at processing images and colors than they are at processing numbers. Continue Reading
Oil Trades Near $50 as Europe Economic Data Counters Iraq Demand
il traded near $50 as better-than-expected economic data in Europe countered Iraq’s demand that OPEC should exempt it from planned output cuts. Prices rose as much as 0.3 percent in Continue Reading
Oil prices drop as Iraq says doesn’t want to join OPEC cut
Oil prices fell early on Monday as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to cut production to prop up the market, and Continue Reading
5 Negative Factors For Oil Prices
Shale drillers It has been a rough 2 years for forecasters of crude oil prices. Essentially no one saw the 2014 crash coming, and everyone looked on in surprise as Continue Reading
The $1.7 Trillion Oil Industry Isn’t Going Anywhere
This week’s oil prices put the industry at a value of $1.7 trillion – almost three times larger than the $660 billion in revenues generated from all major raw metals Continue Reading
CO2 levels mark ‘new era’ in the world’s changing climate
A depiction of the global sources of CO2 which are dominated by the US, China and Europe Levels of CO2 in the atmosphere have surged past an important threshold and Continue Reading
Libya’s oil output at 580,000-600,000 bpd, seeks more from western areas
Libya’s oil production is 580,000 to 600,000 barrels per day (bpd) and officials are negotiating with western municipalities to return another 380,000 bpd output from those areas, Prime Minister Fayez Continue Reading
Saudi Arabia looks to Russia to boost non-OPEC cooperation
Saudi Arabia’s Energy Minister Khalid al-Falih said on Sunday he had invited his Russian counterpart Alexander Novak to meet Gulf Arab energy ministers in Riyadh as part of efforts to Continue Reading
Iraq says should be exempted from OPEC output freeze
Iraq’s Oil Minister Jabar Ali al-Luaibi said on Sunday his country should be exempted from output restrictions as it was fighting a war with Islamic State. “We are fighting a Continue Reading