European majors Eni, BP, and Total have successfully tested a new natural gas discovery in Egypt’s shallow waters, the Italian company said on Tuesday, commenting on its find that adds Continue Reading
Iraqi Prime Minister Mustafa al-Kadhimi has redeployed security forces and replaced senior officials at key border points as part of a high-profile effort to reign in paramilitary groups — including Continue Reading
Ashraf, an Egyptian working in Kuwait, lost all his income as a result of the coronavirus pandemic. The country’s curfew was eased two months ago, but for Ashraf there was Continue Reading
* Fitch predicts 20% hit to Nigerian bank revenues this year * Central bank measures exacerbate lending, FX shortage woes * Economy faces COVID-19, oil price shock double whammy By Continue Reading
After decades of dominance, America’s largest energy company Exxon Mobil Corp. (NYSE: XOM), has finally ceded its position as the world’s second most valuable energy company to India’s Reliance Industries Continue Reading
Chile, the world’s largest producer of copper, could one day be exporting as much as green hydrogen as it does minerals, according to a top government official. Speaking during a Continue Reading
Orders for new oceangoing ships are at record lows as carriers sit on the sidelines amid clouds of uncertainty. The blow to the global trading economy from the coronavirus pandemic Continue Reading
China’s crude stockpiles reached a record high level in July as refiners struggle to digest mass crude oil cargoes purchased during the second quarter, while domestic fuel consumption slowed amid Continue Reading
The perfectly green electricity grid sought by Joe Biden isn’t the end of the fight against global warming. It’s the beginning. Today, 40% of America’s electricity comes from carbon-free sources. Continue Reading
A record volume of U.S. crude oil is set to arrive in China and the rest of Asia this month as buyers rushed to snap up cheap oil earlier this Continue Reading
