Why Saudi Arabia Is Desperate To Extend OPEC+ Cuts
OPEC+ hopes to reduce global storage volumes with their production cuts, and hopes to extend them through at least, the summer. OPEC’s regular meeting in Vienna is coming up and Continue Reading
Virus has been ‘very devastating’ for many African airlines
A “new baby” was born with the revival of Uganda Airlines, the country’s president announced last year. But now its four new jets sit idle, business suspended indefinitely because of Continue Reading
Nigeria Loses N160bn to Opec Production Cut
Nigeria is projected to have lost over N160 billion in deferred revenue to a cut in the daily crude oil production by members of the Organisation of Petroleum Exporting Countries Continue Reading
Mumbai streets deserted as India’s biggest city braces for cyclone
Bracing for the first-ever cyclone to hit Mumbai in living memory, people in India’s most populous metropolis stayed off the streets and scrambled to protect their homes before the torrential Continue Reading
U.S. Steps Up Sanctions Against Venezuela’s Maritime Oil Trade
The Trump administration escalated sanctions against Venezuela’s oil industry, targeting four maritime companies for supporting the “illegitimate” government of President Nicolas Maduro. The Treasury’s Office of Foreign Assets Control also identified Continue Reading
U.S. Tightens Squeeze on Venezuela Oil Trade, Blacklisting Four Tanker Owners
The Trump administration Tuesday tightened its web of sanctions around the Maduro regime in Venezuela, blacklisting four companies allegedly involved in the country’s oil sector. By sanctioning the firms and Continue Reading
China Revives Plans For Huge $20B Refinery, Petrochemical Complex
China has given the go-ahead to plans for a huge $20-billion refinery and petrochemical complex in the Shandong province, the home of the country’s independent refiners, Reuters reported on Tuesday, Continue Reading
Shell weighs sale of $2 billion-plus stake in Queensland LNG facilities
Royal Dutch Shell ( RDSa.L ) is considering raising more than $2 billion from the sale of a stake in the common facilities at its Queensland Curtis LNG plant in Continue Reading
New low-cost and high-performance multinary intermetallic compound as active electrocatalyst for hydrogen production
A team comprising scientists who specialize in structure materials at City University of Hong Kong (CityU) has developed a high-performance electrocatalyst based on an innovative concept originally for developing alloys. Continue Reading
Will Sodium Batteries Replace Lithium-Ion?
While everyone else was worrying about cheap oil and the future of electric cars, sodium batteries just got closer to becoming mainstream. This challenger to lithium ion technology has been Continue Reading