The coronavirus pandemic has stalled factories and shut down business around the world, causing a historic drop in oil demand just as production was reaching new highs. WSJ explains the Continue Reading
The world’s top oil exporter, Saudi Arabia, is creating a tourism development fund with an initial investment of US$4 billion as part of efforts to diversify away from oil and Continue Reading
Iraq expects higher crude revenues in July and is currently selling its oil at around $34-$35/b, the al-Mirbad news organization quoted the oil minister as saying on June 22. Iraq Continue Reading
Saudi Arabia said on Monday it will bar arrivals from abroad to attend the haj this year due to the coronavirus, allowing only a limited number of Saudi citizens and Continue Reading
Turkey scored a significant geopolitical win when the GNA successfully pushed Haftar out of Tripoli in early June. Now, the battle for Libya’s oil is focusing on Sirte, with Egypt Continue Reading
Saudi Arabia came under a missile and drone attack from Iran-backed Yemen rebels that targeted the capital, Riyadh, and other cities, state-run Saudi Press Agency reported. Saudi air defenses intercepted Continue Reading
In 2017, Nicolas Maduro’s regime sought help from the then-Republican Congressman from Texas, Pete Sessions, to arrange a meeting between Venezuela’s state oil firm PDVSA and the head of ExxonMobil Continue Reading
Public officials in the west and south of the US have stepped up their warnings about coronavirus in the wake of states in those regions reporting record one-day increases in Continue Reading
Researchers from the Korea Advanced Institute of Science and Technology say that they have developed a new strategy to address the limitations of the lithium-oxygen battery. Lithium-oxygen batteries are capable Continue Reading
China has made life a little easier for car manufacturers who make gasoline-electric hybrids by reclassifying these hybrid vehicles more favorably with regard to its clean car policies. Reuters reports Continue Reading
