Britain will ban new petrol and diesel cars from 2040: minister
Britain will ban the sale of new petrol and diesel-powered cars from 2040 as part of a plan to get them off the roads altogether 10 years later, environment minister Continue Reading
UK unveils new plan to cut NO2; sale of new conventional gasoline and diesel cars to end by 2040; focus on local action
The UK Government unveiled its new plan to reduce roadside nitrogen dioxide (NO 2 ) concentrations in the shortest amount of time. Among the many policy and funding details in Continue Reading
Former Russian Energy Minister: OPEC Deal Working Exactly As Planned
OPEC held a technical meeting in St. Petersburg on July 24 to monitor compliance with the group’s cuts and assess the progress of the rebalancing of the oil market. Unlike Continue Reading
Seadrill Warns Again Of Chapter 11 As Extends $14B Debt Talks
Offshore drilling contractor Seadrill again delayed restructuring its $14 billion in debt and liabilities on Wednesday and reiterated that Chapter 11 bankruptcy was likely. Once the biggest offshore rig firm Continue Reading
Oil Prices Leap Higher After API Reports Huge Crude Draw
The American Petroleum Institute (API) reported a huge draw of 10.23 million barrels in United States crude oil inventories, compared to S&P Global Platts survey of analysts who expected a Continue Reading
Oil adds to rally on optimism over declining stocks
Oil prices firmed on Wednesday to hold near eight-week highs hit in the previous session, on expectations of a drawdown in U.S. stocks and as a rise in shale oil Continue Reading
Oil Prices Spike In Spite Of Bearish EIA Forecast
Oil prices have faced increased pressure in 2017; if it’s not Nigeria and Libya output, it’s US shale. If it’s not US shale, it’s predictions of weakening demand. If it’s Continue Reading
As Hedge Funds Bet Against Oil, Traders See Another Story
Traders and refiners buying and selling actual barrels say it’s starting to look somewhat more bullish. (Bloomberg) — Hedge funds are still holding large bearish bets against oil and OPEC, Continue Reading
Reduced Saudi oil imports lead U.S. oil inventories lower
The Khurais oil field in Saudi Arabia. Continued low imports to the United States of Saudi crude oil is a factor in the decline in U.S. oil inventories. File Photo Continue Reading
UAE buys first U.S. oil cargo to replace Qatar condensate: sources
The United Arab Emirates will import the country’s first oil cargo from the United States, two sources familiar with the matter said, as the OPEC producer sought substitutes to replace Continue Reading