Is climate change scary because of “black swans”—the low-probability, high-impact tail risks that are, by definition, unlikely? Or is it about what’s well known, already quantified, and very likely to Continue Reading
The autonomous government of northeast Syria has signed a deal for the marketing of crude oil with a U.S. company, Al-Monitor reports , citing unnamed sources in the know. What’s Continue Reading
Iraq’s financial crisis has left the state unable to hire tens of thousands of newly trained medical personnel who could help relieve pressure on a healthcare system struggling to contain Continue Reading
Iran’s supreme leader, Ayatollah Ali Khamenei, has said in a televised address that Iran will expand its nuclear program and will not negotiate with the United States, doubling down on Continue Reading
It is a time for market shakeups. On Friday, tech giant Apple unseated oil giant Saudi Aramco as the world’s most valuable company. Earlier in the week, the market saw Continue Reading
The UAE, OPEC’s third-largest oil producer, started producing nuclear energy from a 1.4 GW nuclear reactor, becoming the first country in the Gulf to use such a source for power Continue Reading
Indian Oil Corporation (IOC), the country’s biggest refiner and fuel retailer, doesn’t expect its capacity utilization to return to pre-pandemic levels in the near future, IOC’s chairman S.M. Vaidya told Continue Reading
The volume of crude bound for China has plunged to its lowest level since early May, hinting at faltering demand in contrast to the buying bonanza that took place only Continue Reading
Baker Hughes reported on Friday that the number of oil rigs fell, while the combined oil and gas rig count in the US held steady this week at 251, marking Continue Reading
Following the oil price and demand crash, ExxonMobil ( NYSE: XOM ) reported on Friday its second consecutive quarterly loss, which was the worst loss for the U.S. supermajor in Continue Reading
