ON THE surface, the oil price war disrupting the global economy pits the world’s third-largest producer, Russia, against the second, Saudi Arabia. Make no mistake about it, however: The ultimate loser — and Continue Reading
U.S. shale growth is about to decline, becoming an immediate victim of the Saudi-Russian price war. Saudi Aramco said that it would increase oil production to 12.3 million barrels per Continue Reading
The rout in global crude oil prices this week is unlikely to show an immediate impact on US associated natural gas production, but if sustained, could keep domestic output flat Continue Reading
For more than two years, the U.S. has been the world’s No. 1 oil producer, a status often hailed proudly by President Donald Trump. Now, the crown is at risk. Continue Reading
Despite the break-up of the OPEC+ production cut agreement, “the doors aren’t closed” to future cooperation between Russia and OPEC, Russia’s Energy Minister Alexander Novak told local news channel Rossiya Continue Reading
Russia can raise its oil production by 200,000 bpd to 300,000 bpd in the short term, with a potential for up to a total increase of 500,000 bpd, Russian Energy Continue Reading
The European Union will review state aid rules and launch a project to produce clean hydrogen to replace fossil fuels to help European firms to maintain a competitive edge in Continue Reading
Suddenly staring recession in the face, European leaders are lining up an array of tax breaks, financial support for companies and likely central bank measures in the hope of preventing Continue Reading
The European Commission (EC) presented a broad new European Industrial Strategy to help Europe’s industry lead the transition towards climate neutrality and digital leadership. The Strategy sets out the key Continue Reading
Crude oil futures recovered slightly in mid-morning trade in Asia Tuesday, after prices plunged Monday, though the outlook for oil remains bleak amid concerns of weakening demand and growing supply. Continue Reading
