Crude oil futures ticked lower during midmorning trade in Asia Dec. 28 as concerns intensified about the new coronavirus strain and countries across the world reported new infections while the Continue Reading
Oil pared some of its losses from earlier on Monday after U.S. President Donald Trump signed a $2.3 trillion coronavirus aid and spending package but lingering worries about near-term demand Continue Reading
Oil steadied — after posting its first weekly loss since October — as pessimism over a new strain of Covid-19 that’s threatening more travel restrictions was balanced by the passage Continue Reading
Crude oil futures have been edging higher over the past few weeks, defying the usual trend of profit-taking ahead of the Christmas holidays. WTI was trading as high as $49.20 Continue Reading
Three months ago, British oil giant BP Plc. (NYSE:BP) sent shockwaves through the oil and gas sector after it declared that Peak Oil demand was already behind us. In the Continue Reading
Has the time for the “fuel of the future,” green hydrogen, arrived? Recently, some of the world’s biggest green hydrogen project developers and partners joined hands to launch the “Green Continue Reading
Saudi Arabia has discovered four new oil and gas fields, including unconventional resources, the country’s energy minister said Dec. 27. Receive daily email alerts, subscriber notes & personalize your experience. Continue Reading
Iraq, OPEC’s second-largest producer, plans to boost the capacity of its southern oil export facilities by 72% to 6 million b/d after 2023 and wants to build storage tanks to Continue Reading
Iraq is set to suffer from acute power shortages as Iran plans to cut its gas shipments to its neighbor due to outstanding payments, the electricity ministry said in a Continue Reading
Iran has slashed the amount of natural gas it exports to Iraq and threatened further cutbacks over unpaid bills, increasing the likelihood of more electricity shortages in Baghdad and other Continue Reading
