Oil Slump May No Longer Be a Curse for Renewable Energy
Low oil prices are usually a curse for green energy, but this time might be different. The collapse of the crude market has seen prices fall below zero for the first Continue Reading
Iran Reaches Production Milestone At World’s Largest Gas Field
Reaching natural gas production of one billion cubic metres per day (Bcm/d) has been one of the three core hydrocarbons resource strategies of Iran since the Islamic Republic began to Continue Reading
U.S. grants Iraq another 30-day sanctions waiver
Renewal enables Iraq to continue Iranian energy imports, but short window reflects ongoing strain in relations with Washington. Iraqi Prime Minister Adil Abd al-Mahdi meets with U.S. Secretary of State Continue Reading
Could Low Oil Prices Spark A New War In The Middle East?
It may seem that the worst-case scenario has already come to pass, as United States crude prices plunged far below zero on Monday, with the West Texas Intermediate crude benchmark Continue Reading
East Africa: Tullow Oil Exit From Region Almost Complete
A police vehicle escorts trucks loaded with crude oil from Ngamia 8 oil fields in Turkana County (file photo). Tullow Oil’s exit from East Africa is gathering steam after the Continue Reading
Bangladesh restarts some garment factories, India debates an easing of restrictions
More than 500 garment factories in Bangladesh that supply to global brands reopened on Monday after a month-long shutdown to curb the spread of the coronavirus, while in India calls Continue Reading
5 Reasons Why Mexico’s Oil Industry Is Destined For Disaster
Mexico has somewhat inadvertently found itself at the heart of the oil industry’s most burning issues of 2020 – just when it seemed that Russia, Saudi Arabia, the United States Continue Reading
Bank of China Clients Said to Have $1 Billion Losses on Oil Bet
Bank of China Ltd.’s estimate for the carnage to retail investors from the collapse in a product linked to U.S. crude oil futures surged 11-fold to more than 7 billion Continue Reading
Singapore Coastline Packed With Ships Full of Oil No One Wants
A narrow waterway off Singapore has become even more congested as oil-laden tankers wait out a slump in global fuel consumption that’s crimped demand and boosted the use of ships Continue Reading
How the Virus Can Stall China’s Electric Vehicle Plan
Before the coronavirus outbreak, 2020 was to be a crucial year for automakers selling electric vehicles in China, with several industry titans opening new factories and rolling out new models. Continue Reading