If prices remain at their current level, another collapse could be around the corner, the Russian Finance Ministry has warned in a report, cited by Sputnik. According to the report, Continue Reading
The Church of England voted on Sunday to divest from oil and gas companies after 2023 if it finds them lacking in tackling climate change. The Church of England’s General Continue Reading
LONDON (Reuters) – Oil prices steadied on Monday as an increase in U.S. drilling, likely to lead to higher shale production, balanced evidence of tightening supply. Benchmark Brent LCOc1 was Continue Reading
Мировые цены на нефть могут значительно повыситься It is expected that the price of oil will reach $ 150 per barrel. Oil prices in the short term could rise to Continue Reading
Ten years ago this week—July 11, 2008 to be exact—the price of a barrel of oil on the New York Mercantile Exchange hit an intraday high of $147.27 , its Continue Reading
Dire freight rates are pushing shipowners to scrap a record number of the biggest oil tankers this year, making it a bumper period for recycling yards in South Asia. Very Continue Reading
The U.S. government has continued its attempts to shut down Iran’s oil exports, and in recent days Iranian officials responded by threatening to block the Strait of Hormuz. Such an Continue Reading
The oil industry risks a supply crunch as big energy companies focus on US shale and other short-term efforts over the long-term mega-projects seen in years past, the head of Continue Reading
U.S. airlines are aiming to convince investors that surging fuel costs won’t knock a record stretch of profitability off course. Some investors say airlines won’t be able to raise prices Continue Reading
Oil is the lifeblood of the modern world. Its importance in the global economic scene cannot be overemphasised. Without oil, industrialisation of the world would have not happened at the Continue Reading
