Oil demand is recovering from the greatest fall in its history in 2020, the International Energy Agency (IEA) said on Tuesday, but less flying due to coronavirus fears means the Continue Reading
Electricity consumption around the world is growing faster than the population, with consumption per capita rising, the U.S. Energy Information Administration (EIA) said on Monday. According to EIA’s International Energy Continue Reading
Although the coronavirus crisis has slowed down clean energy investments and installations, renewable energy and green technologies have the chance to emerge as the winners in the post-COVID-19 world. Undoubtedly, Continue Reading
Oil-production limits adopted by a group of major crude suppliers will soon bring prices back to “normal,” according to the oil minister from the United Arab Emirates. When energy markets Continue Reading
Few markets have been hit harder by coronavirus than United States shale. While global oil prices as a whole have taken quite a beating from a fall in oil demand, Continue Reading
Faster oil market rebalancing could present OPEC and other producers with an opportunity to ramp production in 2021, the International Energy Agency said in its latest monthly report, as it Continue Reading
The head of the United Nations’ atomic watchdog agency said Monday that Iran must provide inspectors access to sites where the country is thought to have stored or used undeclared Continue Reading
Iraq’s government has approached international oil companies operating some of its largest oilfields to reduce production further and they have agreed, Reuters reports , citing an unnamed source from the Continue Reading
Saudi state oil giant Aramco has finalized the purchase of a majority stake in petrochemicals major Sabic on the Saudi stock market, Reuters reported , buying over 2 billion shares Continue Reading
Production cuts and falling exports move Iraq closer to OPEC-plus quota compliance. Flares burn at the North Rumaila oil field on June 6, 2020. (JASSIM AL-JABIRI/Iraq Oil Report) BASRA – Continue Reading
