OPEC+ alliance meets April 1 to decide May production levels Oil inventories remain above targeted 2015-2019 average Many members favor quota rollover, but length still undecided The outlook for the Continue Reading
A large increase in Iranian oil production pushed overall OPEC oil output higher in March compared to February, the monthly Reuters survey found on Wednesday, suggesting that higher supply from Continue Reading
Libya may be able to maintain its current level of oil production of around 1.2 million barrels per day (bpd) until the end of the year as the oil sector Continue Reading
Iraq’s Parliament votes for an emergency 12 trillion ($10.2 billion) financing law on Nov. 12, 2020. (Source: Iraqi Parliament media office) Iraq’s Oil Ministry has reviewed a version of a Continue Reading
India began vaccinating tens of thousands of people above the age of 45 on Thursday in its biggest push yet against a surging coronavirus that has hit the highest daily Continue Reading
U.S. climate envoy John Kerry will hold talks with Indian leaders during an Asian tour starting on Thursday in an effort to narrow differences on climate change goals to slow Continue Reading
Peru has struggled for over a decade to build its hydrocarbon sector and boost crude oil reserves and production. 2020 was particularly difficult for the Andean country’s crisis-ridden petroleum industry Continue Reading
Coal, the dirtiest of the world’s fossil fuels, has been in terminal decline for years now. Investment in the once-vital commodity has crashed, and the ESG movement is only accelerating Continue Reading
Chinese smartphone maker Xiaomi will set up an electric vehicle (EV) unit with an investment of US$10 billion over ten years, joining a competitive electric car market at home. “The Continue Reading
China’s build-up of oil refining capacity is threatening the viability of other Asian refiners as the country is about to become the world’s largest refiner this year amid still depressed Continue Reading
