Russian company Zapsibgidrostroy (it’s a mouthful, yes) has begun the construction of the docks that will carry the world’s first floating nuclear power plant to its location off the Chukotka Continue Reading
Bets on rising WTI price reach highest level since 2014: CFTC OPEC agreed on Sept. 28 to first production cut in eight years OPEC’s first deal to cut output in Continue Reading
Saudi Arabia’s energy minister Khalid al-Falih said that he was optimistic major oil producers could agree to cut production by November and that it wasn’t “unthinkable” that crude prices could Continue Reading
Non-OPEC producers showing willingness to cooperate: Al-Falih Oil-market shift prompting nations to do something different The oil-price could recover to $60 a barrel by the end of 2016, said Saudi Continue Reading
Saudi Energy Minister Khalid al-Falih talks to reporters during the 15th International Energy Forum Ministerial (IEF15) in Algiers, Algeria September 27, 2016. Saudi Arabia’s Energy Minister Khalid al-Falih said on Continue Reading
According to the International Monetary Fund (IMF), the loss of most of Sudan’s oil export potential has exacerbated the crises in the country. Sudan as a united country started producing Continue Reading
Eulogio del Pino Maduro Venezuela’s lagging oil industry may have received a much-needed boost from Repsol after accepting a US$1.2 billion credit line for a Petroquiriquire joint venture between Venezuelan Continue Reading
Production drop may halt at $50, Bernstein’s Beveridge says Outut down almost 6% this year, hit 6-year low in August Oil may need to rally further before China’s producers make Continue Reading
Global energy efficiency, or the amount of gross domestic product squeezed from a given unit of energy, improved by 1.8 percent last year, the International Energy Agency said in a Continue Reading
IEA member countries saved enough energy to power Japan 2015 investment in efficiency estimated to be $221 billion The world is squeezing more from the energy it uses even though Continue Reading
