Oil Demand Set To Surge As Travel Picks Up
As restrictions ease across Europe, we are slowly seeing a resurgence in fuel demand for travel, not only in gasoline and diesel but also in jet fuel as travel and Continue Reading
Food Prices Soar, Compounding Woes of World’s Poor
A surge in food prices is deepening the pain caused by Covid-19 across the developing world, forcing millions into hunger and contributing to social problems that could lead to more political Continue Reading
As record heat scorches western Russia and central Canada, climate alarm bells ring
t’s only May, and temperatures near the Arctic Circle in northwestern Russia are approaching 90 degrees. In Moscow, temperatures have shattered records on consecutive days. It has also been unusually Continue Reading
Saudi Arabia Beats Russia Again To Top Chinese Oil Supplier Spot
Saudi Arabia kept its status as China’s top oil supplier in April, beating Russia for the eighth month in a row as the world’s largest oil buyer imported the lowest Continue Reading
Iran: “Main Agreement” On Lifting Of U.S. Sanctions Reached
Global powers taking part in the indirect U.S.-Iranian talks on a return to the nuclear agreement have accepted that the U.S. sanctions on Iran, including on its oil exports, will Continue Reading
Iran readies for oil sanctions relief, as Rouhani says JCPOA deal close
US, Iranian and European negotiators will convene next week for a fifth – and what they hope will be final – round of talks over reinstating the nuclear deal. Iran’s Continue Reading
Aquarius Engines unveils free-piston linear engine operating on 100% hydrogen
Israel-based Aquarius Engines unveiled a hydrogen-fueled version of its free-piston linear engine new hydrogen engine. The 10kg machine, based on the same technology as the original patented single-piston linear engine, Continue Reading
Israel-Palestinian ceasefire comes into effect
Palestinians took to the streets to celebrate the ceasefire A ceasefire between Israel and the Palestinian militant group Hamas in the Gaza Strip has come into effect. The ceasefire began Continue Reading
UAE: Oil Demand Has Already Increased To 95 Million Bpd
Oil demand has already increased to 95 million barrels per day (bpd), and the market is rebalancing, according to the chief executive of the Abu Dhabi National Oil Company (ADNOC), Continue Reading
East Africa: Tanzania-Uganda Concludes Multi-Billion Oil Deal
Tanzania and Uganda have signed the fifth crucial Host Government Agreement (HGA) that finally allows the construction of a 4.16billion US dollars heated pipeline to carry crude oil from western Continue Reading