Global oil deficit is currently seen at around 1 million barrels per day, Russia’s deputy prime minister Alexander Novak told reporters on Wednesday. He added that the Organization of Petroleum Continue Reading
Mercedes-Benz AG is the first car manufacturer to take an equity stake in Swedish start-up H2 Green Steel (H2GS) as a way to introduce CO 2 free steel into series Continue Reading
Crude oil futures edged higher during mid-morning trade in Asia May 25, extending overnight gains, as some uncertainty emerged over the restoration of the Joint Comprehensive Plan of Action on Continue Reading
Oil held the biggest two-day gain since March as investors tracked a recovery in demand that may enable the market to accommodate any fresh flows from Iran should the nation’s Continue Reading
Oil prices were steady on Tuesday, holding around one-week highs after jumping more than 3% the previous session as investors tempered expectations of an early return of oil exporter Iran Continue Reading
Oil climbed the most in a month after Iran said that gaps remain in negotiations aimed at reaching a deal to end U.S. sanctions on its crude. Futures rose 3.9% Continue Reading
Businesses are buying more renewable power, and oil majors want a piece of the action.European oil companies including BP PLC and Royal Dutch Shell PLC are building new wind and solar projects and striking deals Continue Reading
The five largest oil and gas companies in the world saw their combined revenues drop by 30 percent last year, although they still generated more than $1 trillion in total Continue Reading
Last week the International Energy Agency (IEA) released a new report detailing the steps that would be required to get the world to net?zero carbon emissions (NZE) by 2050. The Continue Reading
A stark appeal by the world’s top energy body to stop investment in new fossil fuel projects by next year has met a mixed reception from the world’s top producers Continue Reading
