Volkswagen’s ID. electric vehicle, the first to be based on the MEB, will be presented at the IAA later this year, with pre-bookings for the launch edition opening on 8 Continue Reading
Brent crude oil prices rose on Thursday to their highest since mid-November last year, pushed up by OPEC-led supply cuts and U.S. sanctions against Venezuela and Iran. An unexpected dip Continue Reading
Crude oil futures were higher during mid-morning trade in Asia Wednesday after latest weekly data showed an unexpected drawdown in US crude stocks, while OPEC producers were expected to keep Continue Reading
Oil futures rallied about 2 percent on Wednesday as U.S. crude inventories unexpectedly fell and an official forecast of crude oil supply growth from the world’s top producer was revised Continue Reading
The oil industry is starting to feel the pressure of climate change. Oil executives, by and large, have not been swayed to change their business practices despite years of warnings Continue Reading
Iran has lost $10 billion in revenue since U.S. sanctions in November have removed about 1.5 million barrels per day (bpd) of Iranian crude from global markets, a U.S. State Continue Reading
The United States aims to cut Iran’s crude exports by about 20 percent to below 1 million barrels per day (bpd) from May by requiring importing countries to reduce purchases Continue Reading
Exxon Mobil Corp is considering exploring for oil and gas in Israel, said a person with direct knowledge of the matter, in what would make Exxon the first oil major Continue Reading
Iraq’s federal government has roughly doubled the amount of its monthly transfer to the autonomous Kurdistan Regional Government (KRG) — a sign of a deepening relationship of interdependence between Baghdad Continue Reading
The US could extend waivers from sanctions on Iranian crude and product purchases if current sanctions on Venezuela significantly impact global oil supply and prices, Brian Hook, the US State Continue Reading
