Pandemic Led To Crisis Of Confidence Among Oil Workers
The 2020 oil crisis has led to a crisis of confidence among the global workforce in the oil and gas industry, where 78 percent of professionals are now less secure Continue Reading
The Oil Industry Is In Dire Need Of Investment
The global oil market is in flux once again. The bulls are fighting it out with the bears as COVID lockdowns come into force around the world. Oil prices may Continue Reading
Environmentalists make a case for leaving fossil fuels in the ground
Economic, climate and healthcare upheavals point to the need to move toward developing cleaner energy sources, environmentally friendly jobs and healthier communities, participants in a Reuters Next panel said on Continue Reading
Oil Producers Commit to Supply Curbs, Sustaining Price Rally
Oil is extending a steady recovery into 2021, aided by fresh signals that the world’s biggest producers won’t turn on the spigots and flood the market. U.S. crude futures recently rose above Continue Reading
OPEC+ Compliance With Production Cuts Slips To 75%
OPEC+ group’s compliance with the oil production cuts fell to 75 percent in December 2020—one of the lowest levels since the pact was enacted in May 2020, tanker tracking firm Continue Reading
Mozambique Looks To End Terrorism Threatening Major LNG Projects
Mozambique’s President Filipe Nyusi has held talks with his counterpart in neighboring Tanzania to prepare a wider regional response to violence from Islamic State-aligned insurgents that threaten the progress of Continue Reading
South Africa’s Faces Major Oil Refinery Crisis
Two of South Africa’s four oil refineries are currently offline and expected to restart next year at the earliest, while the other two facilities also face an uncertain future as Continue Reading
IMF Approves Loan To Struggling OPEC Producer Angola
Africa’s second-largest oil exporter Angola has received approval from the International Monetary Fund for a disbursement of over $480 million under a $3.7-billion loan agreement as it continues to struggle Continue Reading
India Court Stops Modi From Executing Laws That Spurred Protests
Tens of thousands of farmers will continue their protests against India’s new farm laws until they are repealed, rejecting the top court’s decision to keep them in abeyance and adding Continue Reading
Why Petrobras Is One Of 2021’s Most Exciting Oil Companies
Sharply weaker oil prices and the global COIVD-19 pandemic had little material impact on Brazil’s massive offshore oil boom. Even the fact that the oil rich Latin American country is Continue Reading