IEA: Oil Demand Recovery Has Stalled
The International Energy Agency (IEA) joined the chorus of analysts saying that the pace of global oil demand recovery has stalled in recent weeks on the back of weak refining Continue Reading
IOCs committed to helping drive energy transition; gas has key role: industry
Oil and gas majors are committed to helping drive the energy transition, with gas in particular set to play a critical role in helping to meet climate change goals, senior Continue Reading
Total CEO predicts peak oil by 2040
Speaking at the ONS Digital Conference in a video presentation, Patrick Pouyanne, the CEO of Total SA, said he now expects oil production to peak between 2030 and 2040, although Continue Reading
Are We On The Cusp Of A Global Energy Crisis?
Goehring and Rozencwajg believe that we are on the cusp of a global energy crisis because of the depletion of U.S. tight oil plays. “We are on the cusp of Continue Reading
Worsening Water Woes to Play Bigger Role in Sovereign Ratings
Intensifying risks related to water such as its scarcity and extreme events like droughts and floods are set to become a more crucial factor in determining sovereign ratings, adding pressure Continue Reading
Turkey’s Muscle Flexing in the Med Isn’t Just About Gas
Sailing through the Bosporus Strait that divides Europe from Asia last year, a Turkish fleet saluted the tomb of 16th century pirate and admiral Barbarossa, reviving a tradition that harks Continue Reading
Saudi King Salman, Russia’s Putin express ‘satisfaction’ with OPEC+
Saudi Arabia’s King Salman bin Abdulaziz al-Saud and Russian President Vladimir Putin both expressed “satisfaction” with the implementation of the OPEC+ crude oil output deal and discussed ways to address Continue Reading
OPEC Puts Celebrations on Ice
OPEC’s 60th anniversary celebrations have been postponed in the wake of the Covid-19 pandemic. OPEC’s 60th anniversary celebrations have been postponed in the wake of the Covid-19 pandemic. The celebrations Continue Reading
Saudi Arabia To Cut Oil Prices As Demand Fears Grow
Saudi Arabia has cut its official selling prices for crude oil in the latest sign that demand recovery is stumbling, Bloomberg reports , adding that this is the first time Continue Reading
China Looks To Build Espionage Hub In Iran Under 25-Year Deal
The next phase of the 25-year deal between China and Iran will focus on a large-scale roll-out of electronic espionage and warfare capabilities focussed around the port of Chabahar and Continue Reading