Is This The World’s Next Oil Hotspot?
By the end of the second quarter of 2020, data from drill bits may tell us whether or not the world has found the next Eagle Ford, and it’s all Continue Reading
Egypt, Ethiopia, Sudan resume talks on Blue Nile dam
Sudan, Egypt and Ethiopia on Tuesday resumed talks on the giant Blue Nile hydropower dam after the failure of a U.S-led mediation effort earlier this year, a Sudanese official said. Continue Reading
WHO recommends Pakistan reimpose intermittent lockdowns as COVID-19 cases rise sharply
The World Health Organization has recommended Pakistani authorities reimpose “intermittent lockdowns” of targeted areas to curb the spread of the novel coronavirus, stating the country did not meet the global Continue Reading
US Plans Sanctions to Halt Iran-Venezuela Oil Trade
The US is preparing sanctions on as many as 50 oil and fuel tankers in an effort to cut off trade between Iran and Venezuela. The Trump administration is preparing Continue Reading
Mexico Bails On OPEC+ Deal
Non-OPEC Mexico, which was the surprise holdout in the OPEC+ meeting in April, bailed out of the group’s one-month extension of the record production cuts. But Mexico’s share of the Continue Reading
As cruise industry prepares to sail, choppy waters are ahead
Some cruise lines are hoping to set sail later this summer but with images of coronavirus-ravaged ships still fresh in many minds, the industry could face years of choppy water Continue Reading
The Real Reason China Is Importing So Much Oil
China smashed its crude oil imports record in May as manufacturing activity picked up and lockdowns eased. Amid recovering demand for gasoline and diesel, China’s total demand is nearly back Continue Reading
China Shuts Down Teapot Refiners To Make Room For New $20 Billion Complex
China’s province of Shandong – home to most of the country’s independent refiners – plans to shut down as much as 500,000 bpd refining capacity at the so-called teapots as Continue Reading
Chinese companies put U.S. listing plans on ice as tensions mount
Chinese companies are putting off plans for U.S. listings as tensions between the world’s top two economies rise, lawyers, bankers, accountants and regulators involved in what has been a major Continue Reading
Hyundai Hydrogen Chief on Why the Company Bet on Fuel Cells
Fuel cell vehicles that use hydrogen and emit only water have long been a goal of green-energy advocates. They have potential advantages over battery-powered cars, including quicker refueling and longer Continue Reading