Rolls-Royce has successfully completed the taxiing of its ‘Spirit of Innovation’ aircraft, the latest milestone on its way to becoming the world’s fastest all-electric plane. ( Earlier post .) The Continue Reading
Oil’s impressive 2021 rally is coming unstuck just days before OPEC+ meets to decide just how much crude it should return to the market. Futures in New York traded near $60 Continue Reading
Oil prices fell more than 1% on Monday as fears that Chinese oil crude consumption is slowing and that OPEC may increase global supply following a meeting this week. Slideshow Continue Reading
Oil company executives at CERAWeek by IHS Markit were adamant on Monday that crude demand will rise over the coming decade and that the fossil fuel will remain a crucial Continue Reading
The long-awaited, much-anticipated energy market recovery has begun, Baker Hughes CEO Lorenzo Simonelli said on Monday during CERAWeek, according to Reuters . The oil and gas industry suffered last year Continue Reading
The energy transition took off in a big way just as the coronavirus pandemic was overtaking the globe in 2020, but fossil fuels are still seen growing at least through Continue Reading
Rallying oil prices in recent weeks have intensified speculation that this week the OPEC+ group will decide to put more oil on the market as of April to prevent an Continue Reading
Saudi Arabia’s unilateral additional cut in oil production sent the total OPEC output down by 870,000 barrels per day (bpd) in February, the first monthly drop in the cartel’s production Continue Reading
The head of the United Nations’ nuclear watchdog agency on Monday urged that inspections not be used as a “bargaining chip” as Iran, the United States and other nations lock Continue Reading
The de facto ruler of Abu Dhabi, the richest oil emirate in the United Arab Emirates (UAE), became the chairman of the newly-formed board of directors at state oil firm Continue Reading
