Crude oil futures ticked higher during mid-morning trade in Asia on April 29, as sentiment in the market remained positive amid signs of strong downstream demand in the US, but Continue Reading
Oil extended gains after closing at a six-week high as signs of strengthening demand in key markets offset concerns a Covid-19 resurgence in some countries, especially India, will damp consumption Continue Reading
Oil advanced to the highest in over a month as a combination of declining U.S. petroleum product supplies and signs of stronger demand buttressed expectations for a revival in global Continue Reading
The Energy Sector has taken the lead in the S&P midday sector standings on Wednesday trading, jumping 3.5% as OPEC+ appears ready to stick with earlier plans to slightly increase Continue Reading
Goldman Sachs expects global oil demand to realize the biggest jump ever over the next six months, the investment bank said on Wednesday, keeping its bullish forecasts for oil prices Continue Reading
Brian Menounos Klinaklini Glacier in Canada: There is now far more certainty about what is happening The world’s glaciers are melting at an accelerating rate, according to a comprehensive new Continue Reading
The world’s glaciers are shrinking at a faster rate than before, with densely-populated parts of Asia at risk of flood and water shortages if the trend continues. That’s the conclusion of Continue Reading
Europe looking for guarantees US won’t shift course Murphy eyes more bipartisanship on climate GOP leader seeks details on meeting emissions targets The international community is not quite ready to Continue Reading
Nationwide oil output fell by 100,000 bpd, but the Oil Ministry is poised to bring new production online as OPEC quotas look set to ease. A Basra Oil Company worker Continue Reading
Major Chinese investors, including the sovereign wealth fund China Investment Corporation (CIC) and Chinese national oil companies, are the ones looking to buy a stake at the biggest oil company Continue Reading
Crown Prince Mohammed bin Salman has said Saudi Arabia wants to resolve its differences with rival Iran, a marked shift in tone in the wake of the election of US Continue Reading
Although it is a very rare occurrence to see Nigerian grades trade at levels stipulated by the Nigerian National Petroleum Company (NNPC) every month, the issuance of its official selling Continue Reading
The Petroleum Authority of Uganda will launch in December the first key tenders for the long-awaited oil resources development project in the East African country, which cleared a major hurdle Continue Reading
India’s city gas demand is expected to drop by around 25%-30% in the coming months as the COVID-19 pandemic spreads across large cities and states that are also the main Continue Reading
The Covid-19 outbreak that has overwhelmed hospitals in New Delhi and Mumbai is spreading to states across India, as the world’s fastest-growing Covid-19 surge shows no signs of slowing. The country hit a Continue Reading
Washington’s focus on disrupting narco-trafficking in Latin America, through a combination of coca crop eradication, enforcement and seizures is placing pressure on criminal organizations to find other sources of income. Continue Reading
Venezuelan Defense Minister Vladimir Padrino said on Wednesday that eight soldiers were killed in combat amid continuing clashes between the armed forces and illegal armed groups along the border with Continue Reading
China’s population grew last year, the government said Thursday, following a report that a census might have found a surprise decline, possibly adding to downward pressure on economic growth. The Continue Reading
California gasoline prices rose to $4 a gallon for the first time in a year and a half as more motorists hit the road amid easing pandemic restrictions in the Continue Reading
Although oil production in most US shale basins is not expected to reach pre-coronavirus levels until at least late 2023, additional processing and higher gas-to-oil ratios might still lead to Continue Reading
The Senate voted Wednesday to restore an Obama-era regulation that imposed limits on methane leaks from oil and gas operations. The move marks both the first major congressional rebuke of Continue Reading
Senate Democrats began using a special procedure to undo parts of Donald Trump’s regulatory agenda Wednesday, starting by rescinding a measure that made it harder for the Environmental Protection Agency to limit Continue Reading
Ford Motor Co. posted a surprising $3.26 billion first-quarter net profit on Wednesday, but the company said a worsening global computer chip shortage could cut its production in half during Continue Reading
Water officials in Arizona say they are prepared to lose about one-fifth of the water the state gets from the Colorado River in what could be the first federally declared Continue Reading
Vaccines appear to be starting to curb new Covid-19 infections in the U.S., a breakthrough that could help people return to more normal activities as infection worries fade, public-health officials Continue Reading
In the U.S., Covid-19 infections are shrinking by the day. In France, officials are preparing to ease lockdown restrictions and jump-start air travel. In the U.K., workers are returning to Continue Reading
TXOGA reports the Lone Star State added 4,300 jobs in March. The Texas Oil and Gas Association (TXOGA) reported Tuesday that the state’s upstream sector added 4,300 jobs in March. Continue Reading
BP ( NYSE: BP ) is resuming share buybacks this quarter after more than tripling its first-quarter earnings from a year ago on the back of rising oil prices and Continue Reading
Royal Dutch Shell’s (RDSa.L) profits leaped to $3.23 billion in the first three months of the year and the energy company raised its dividend as planned but warned that the Continue Reading
Workers at a terminal loading Brent in the UK North Sea, a component of the Brent Crude international benchmark, have overwhelmingly voted for a strike in the middle of May Continue Reading
European Union leaders, their British counterparts and European businesses expressed hope Wednesday that the final ratification of the post-Brexit trade deal will open a new, positive era of cooperation despite Continue Reading
Germany’s top court ruled Thursday that the country’s government has to set clear goals for reducing greenhouse gas emissions after 2030, arguing that current legislation doesn’t go far enough in Continue Reading
Crude oil futures ticked lower during mid-morning Asian trade April 28, as data from the American Petroleum Institute showed a build in US crude inventories, and the OPEC+ Joint Ministerial Continue Reading
Oil swung between gains and losses after OPEC+ confirmed it would proceed with plans to add more barrels to the market, despite a virus resurgence in some regions clouding the Continue Reading
Oil climbed by the most in nearly two weeks with the OPEC+ alliance and BP Plc pointing to signs of a robust demand recovery taking shape in parts of the Continue Reading
Deep cuts in methane emissions, including from the fossil fuel industry, are urgently needed to slow the rate of global warming and keep it beneath a threshold agreed by world Continue Reading
Iran on Tuesday renewed a call for a prisoner exchange with the United States as the longtime foes continue talks with world powers over a possible U.S. return to Tehran’s Continue Reading
In the late 90s of the previous century and early years of this century, Egypt in collaboration with international partners started the development of its LNG sector. This resulted in Continue Reading
OPEC and its allies have the green light to ease back on their production cuts, after ministers April 27 endorsed previously agreed plans to boost crude oil output from May. Continue Reading
A major threat is brewing for international oil and commodity markets in the coming months. There has been an increase in the amount of drone and missile attacks on Saudi Continue Reading
Saudi Arabia expects to benefit from a future drop in oil supply from major producers such as the US and Russia and pump more crude to cater to global demand Continue Reading
Nigeria’s parliament called on the presidency, armed forces and police to address the country’s mounting security crisis on Tuesday, with the lower house urging President Muhammadu Buhari to declare a Continue Reading
Some Indian refiners are being forced to delay maintenance at their facilities because of the surge in Covid-19 cases in the country, which has had refinery workers fleeing to their Continue Reading
India’s toll from the coronavirus surged past 200,000 on Wednesday, the country’s deadliest day, as shortages of oxygen, medical supplies and hospital staff compounded a record number of new infections. Continue Reading
Pakistan recorded more than two hundred COVID-19 deaths in a day for the first time since the start of the pandemic on Tuesday, as the government said it was considering Continue Reading
Brazil’s health regulator cited safety concerns while rejecting several states’ requests to import almost 30 million doses of Russia’s Sputnik V vaccine, prompting criticism from the Russian government. The five-person Continue Reading
ExxonMobil and its partner Hess announced on Tuesday a new oil discovery in the Stabroek Block offshore Guyana that would add to the already announced 9 billion oil-equivalent barrels in Continue Reading
Crude oil production in Brazil averaged 2.8 million barrels daily in the first quarter of 2021, the country’s National Petroleum Agency reported, as quoted by Reuters. This was down 6 Continue Reading
Venezuela is crafting an emergency plan to guarantee diesel supply to farmers but with reduced price subsidies. Oil minister Tareck El Aissami and agriculture minister Wilmar Castro have been tasked Continue Reading
Over the past few decades, China has been all over Africa, building railroads, airports, bridges, and power dams, doing what Africa’s colonial masters should have done eons ago. Trade between Continue Reading
