Eni promises richer returns after exploration success
Italian oil major Eni hiked its dividend on Friday and held out the prospect of a share buyback after promising higher growth in production and more cash. The logo of Continue Reading
Oil Majors Look To Gain Clarity On Sanctions Against Russia
The Italian oil major Eni will discuss sanctions against Russia with authorities in the European Union and the United States to gain clarity on the economic rivalry forming between President Continue Reading
The Population Bomb Has Been Defused
Some of the most spectacularly wrong predictions in history have been made by those who claim that overpopulation is going to swamp the planet. Thomas Malthus, a British economist writing Continue Reading
Oil prices set for weekly drop as concerns about rising supply weigh
Oil prices were set to fall this week, despite a slight gain in both benchmarks on Friday, on concerns among investors about rising supply from the U.S. and elsewhere threatening Continue Reading
Oil Rises on Growing Demand Outlook
Oil prices rose Thursday as investors weighed signs of growing global oil demand and surging U.S. shale production. Light, sweet crude for April delivery gained 23 cents, or 0.4%, to Continue Reading
At this rate, it’s going to take nearly 400 years to transform the energy system
Fifteen years ago, Ken Caldeira, a senior scientist at the Carnegie Institution, calculated that the world would need to add about a nuclear power plant’s worth of clean-energy capacity every Continue Reading
IEA raises global oil demand estimate as supply surges on US growth
The International Energy Agency raised Thursday its estimate for global oil demand growth this year to 1.5 million b/d and forecast supply would undershoot demand from the second quarter, assuming Continue Reading
Is OPEC Producing More Oil Than It Claims?
The March OPEC Monthly Oil Market Report is out with the February production data. All data is through February 2018 and is in thousand barrels per day. (Click to enlarge) Continue Reading
Norway’s DNO sets sights on Kurdish oil leadership
Norwegian energy company DNO set the bar high Wednesday for its operations in the Kurdish north of Iraq by committing to beat all of its rivals combined. “We are committed Continue Reading
Iraq Looks For Investors To Build 70,000 Bpd Refinery
Iraq is inviting companies to bid to build a 70,000-bpd oil refinery near the town of Haditha in the Anbar governorate, the oil ministry said on Thursday. Investors willing to Continue Reading