Nigeria: 2019 Budget Threatened As Oil Price Slumps to $60
The fundamentals of the 2019 budget are under threat as crude oil price slumped again yesterday to flatten at $60 per barrel, the same benchmark on which the N8.8 trillion Continue Reading
Sierra Leone: Fuel Scarcity in Freetown – Commercial Drivers, Workers, Pupils Stranded
Fuel scarcity has hit Sierra Leone’s capital, Freetown since Sunday, causing long queues at gas stations and hampering the movement of vehicles and goods across the country. Commercial drivers, motorbike Continue Reading
This Giant Oil Field Just Hit An Impressive Production Record
The giant Kashagan oil field in Kazakhstan hit a record-high oil production of 400,000 bpd on Tuesday, a few weeks after returning from planned maintenance, three sources familiar with the Continue Reading
Petrobras Plans $105 Billion In Investments Till 2023
Brazil’s Petrobras plans to invest a total US$105 billion in the five years to 2023 and divest assets worth US$35 billion, chief executive Roberto Castello Branco said this week as Continue Reading
Exxon Scales Up In Vaca Muerta, Drills 90 Wells
Exxon plans to drill 90 wells and produce 55,000 barrels of oil equivalent from an oil and gas block in Argentina’s Vaca Muerta shale play, the company said in a Continue Reading
China eyes energy revolution with the development of next generation ‘artificial sun’
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Indonesia starts testing 30% biodiesel in cars amid push to boost palm oil consumption
An aerial photo of a palm oil plantation in Batanghari, Jambi province, Sumatra island, Indonesia November 28, 2018. Antara Foto/Wahdi Septiawan/via REUTERS JAKARTA (Reuters) – Indonesia on Thursday began testing Continue Reading
Bankruptcies and slowdown hang over China’s electric car market
They have billions of dollars in funding, backing from China’s biggest tech companies and the world’s largest electric vehicle market at their doorstep. But Chinese EV start-ups face a struggle Continue Reading
U.S. crude stockpiles rise unexpectedly for second week: EIA
U.S. crude oil stockpiles rose unexpectedly for a second straight week, despite the highest refining rates in six months and lower imports and production, the Energy Information Administration said on Continue Reading
Some Republican Lawmakers Break With Party on Climate Change
A small but growing number of Republican lawmakers are urging action on climate change, driven by shifting sentiment among GOP voters and the effects of global warming, from stronger hurricanes Continue Reading