Saudi Aramco, the world’s largest oil company, reported a 44% reduction in revenues in 2020. These losses were largely caused by COVID-demand destruction and lower oil prices. Saudi Arabia’s national Continue Reading
Highlights Capacity gains to 13 mil b/d will be incremental Neutral Zone shared with Kuwait producing 120,000 b/d Aramco will ‘skip’ LNG, focus on developing hydrogen Dubai — Saudi Aramco Continue Reading
After the first oil price war launched by the Saudis against the then-nascent U.S. shale sector in 2014, Washington took the view that the Kingdom had broken the core 1945 Continue Reading
The OPEC+ alliance led by Saudi Arabia and Russia is set to push global oil inventories back to 2019 levels later this year with demand recovering in China and the Continue Reading
India’s eastern state of Odisha might have to stop its coronavirus vaccination drive for four days because of a shortage of doses, according to a letter reviewed by Reuters, even Continue Reading
African banks are exposed to environmental risks that may threaten their credit quality and profitability as climate change makes shocks more frequent and severe, according to Moody’s Investors Service. Moody’s Continue Reading
Nigeria adopted a new flexible exchange-rate policy for official transactions in a move that effectively marks the third devaluation of the naira in a year. The government will start to Continue Reading
The United States, the European Union, Britain and Canada each announced sanctions against China over human rights abuses in Xinjiang, a coordinated effort aimed at holding Beijing accountable for a Continue Reading
Top Indian officials are discussing whether to set a goal of reaching net-zero greenhouse gas emissions by 2050, yet little analytical work has been done on just what the country will have Continue Reading
The U.S. and China are tiptoeing toward cooperation on climate change despite recent and testy high-level talks, with the two governments’ chief climate envoys scheduled to come together for formal Continue Reading
