Russia increased its oil production in April thanks to a more generous OPEC+ quota. The nation pumped 42.81 million tons of crude and condensate last month, according to preliminary data from Continue Reading
Look to ports for the nascent green hydrogen economy Hydrogen, produced without carbon emissions, will find use in many sectors of a future ‘hydrogen economy.’ Its high energy intensity can Continue Reading
Russia produced 42.81 million mt of crude and condensate in April, equivalent to around 10.46 million b/d, according to preliminary data released by the central dispatching unit of the Russian Continue Reading
French container shipping firm CMA CGM said on April 30 it has ordered 22 new ships to be built, including 12 that will be power by LNG. CMA CGM signed Continue Reading
Russia is turning to multiple Chinese firms to manufacture the Sputnik V coronavirus vaccine in an effort to speed up production as demand soars for its shot. Russia has announced Continue Reading
Oil prices fell from six-week highs on Friday as investors unloaded positions after weak Japanese crude import data and on worries about fuel demand in India, where COVID-19 infections have Continue Reading
Oil rose this month with a slew of positive economic data and signs of a budding fuel consumption revival in key economies offsetting a worsening coronavirus crisis elsewhere. Futures in Continue Reading
It was a big week for oil markets as demand optimism sent oil prices beyond $65 and oil majors reported promising earnings, but prices pulled back on Friday morning as Continue Reading
Big oil companies returned to profitability during the first quarter as they recovered from the unprecedented destruction of oil-and-gas demand wrought by the coronavirus pandemic. Exxon Mobil Corp. reported $2.7 billion in net income Continue Reading
White House National Security Advisor Jake Sullivan delivers remarks during a press briefing inside the White House in Washington, U.S., February 4, 2021. REUTERS/Tom Brenner Indirect negotiations between the United Continue Reading
