Oil Prices Decline with Broader Market
Oil edged lower on Friday alongside a broader market decline as the recovery in consumption remains uncertain. The dip capped a third straight week with New York futures stuck near Continue Reading
Crude oil prices edge up as Russian crude exports could drop
Crude oil futures edged up during afternoon European trade on Jan. 29 after key Russian producers agreed to direct more of their oil into domestic refineries, which could tighten crude Continue Reading
Covid-19: how close is the light at the end of the tunnel?
Will it ever end? In November, we were celebrating the announcement that the BioNTech/Pfizer vaccine seemed to be highly effective against Covid-19, followed with bewildering speed by similar claims for Continue Reading
EIA: Global Oil Consumption Crashed By 9% In 2020
Due to the coronavirus restrictions and lockdowns, global consumption of petroleum and other liquid fuels crashed by 9 percent to 92.2 million barrels per day (bpd) in 2020, the U.S. Continue Reading
OPEC’s Oil Production Rises In January As Cartel Eases Output Cuts
OPEC’s crude oil production has increased by 160,000 barrels per day (bpd) in January as the OPEC+ alliance is easing the output cuts in the first month of 2021, the Continue Reading
In pursuit of reforms, Kurdistan drafts regional budget
Negotiating teams representing Iraq’s federal government and the semi-autonomous Kurdistan Regional Government meet in Baghdad to negotiate over energy and financial issues on April 19, 2020. Iraq’s semi-autonomous Kurdistan Regional Continue Reading
Shell Ordered to Pay Compensation Over Nigerian Oil Spills
Royal Dutch Shell RDS.A -3.53% PLC’s Nigerian subsidiary has been ordered by a Dutch court to pay compensation for oil spills in two villages, a ruling that some lawyers say could encourage further Continue Reading
Dutch Court Holds Shell Liable For Oil Spill In Nigeria
The Hague Court of Appeal ordered Shell on Friday to compensate Nigerian farmers for two oil spills in the country 13 years ago, in the first lawsuit in which a Continue Reading
A year after COVID-19’s arrival, India’s active cases fall
India reported its lowest active number of novel coronavirus cases in seven months on Saturday, a year after the virus was first confirmed in the country. A year ago, a Continue Reading
Indian economy shrinks 7.7% in fiscal 2020-21 amid pandemic
NEW DELHI (AP) — India’s economy contracted by 7.7% in the 2020-21 financial year, battered by the coronavirus pandemic, according to a report released Friday. The government survey estimates the Continue Reading