As major oil companies prepare to spend billions on renewable energy assets to stay relevant in a low-carbon future, the industry’s patchy track record on takeovers is a red flag Continue Reading
Polly is a 10-year-old black-and-white Holstein cow, the oldest in a herd of about 300 on the Bar-Way Farm in Deerfield, Mass. Together they produce 2,000 gallons of milk each Continue Reading
Still struggling to overcome the draining consequences of almost ceaseless conflict and political haggling, Iraq has nevertheless managed to overcome the worst of the 2020 oil market slump in its Continue Reading
Libya’s largest oilfield, Sharara, is stopping all operations, and the operator is evacuating the workers as a foreign employee had tested positive for the coronavirus after coming into contact with Continue Reading
Despite processing no crude oil in June this year, Nigeria’s three refineries still cost the country N10.23 billion in expenses, a report published by the Nigerian National Petroleum Corporation (NNPC) Continue Reading
India’s economy contracted by an annualized 23.9 percent in the quarter ending in June, when Prime Minister Narendra Modi imposed a draconian coronavirus lockdown. The gross domestic product contraction was Continue Reading
Less than a decade ago energy companies scoffed at Chile’s drive to develop its renewables sector, rejecting it as too expensive even though the Andean country boasts some of the Continue Reading
As Venezuela’s near-nothing oil industry slinks further into nothingness, a new commodity is taking shape in the crisis-stricken Latin American country sitting atop the world’s largest oil reserves: gold. According Continue Reading
Following last week’s price rally, oil prices move higher on Monday morning, on bullish demand figures coming from China. Additionally, U.S. dollar weakness contributed to last week’s price rally. Traders Continue Reading
The blow from Covid-19 has put Chinese gross domestic product on track to grow just 2% in 2020, based on Bloomberg Economics’ projections — this is strong by global comparison, but the Continue Reading
