Can The Middle East Survive Without Oil?
Gulf oil producers are finding it difficult to diversify their economies away from their biggest export revenue contributor, and it may take them at least a decade to make any Continue Reading
Iran Seizes 7,000 Illegal Crypto Mining Computers Amid Power Shortages
Iran has seized 7,000 computers mining cryptocurrency in breach of a recent ban on the electricity-sapping activity, as the Islamic Republic continues to struggle with severe power shortage in the Continue Reading
Africa’s third wave: ‘What haunts me a lot is the Indian scenario’
African countries from Uganda to South Africa are buckling under a ferocious third wave of coronavirus infections as the continent falls far behind the rest of the world in vaccinations. The Continue Reading
Exxon Doubles Down On World’s Hottest Offshore Play
The deeply impoverished former English colony of Guyana has become one of the world’s hottest offshore drilling locations. Global energy supermajors have made a slew of major oil discoveries in Continue Reading
They Relied on Chinese Vaccines. Now They’re Battling Outbreaks.
More than 90 countries are using Covid shots from China. Experts say recent infections in those places should serve as a cautionary tale in the global effort to fight the Continue Reading
China’s Private Oil Refiners Are Too Powerful For Beijing
In a dramatic reversal of fortunes, Beijing has announced huge cutbacks in import quotas for the country’s private oil refiners. According to Reuters, China’s independent refiners have been awarded a Continue Reading
Sydney isolated as COVID-19 clusters build; NZ tightens curbs in capital
Australia’s largest city of Sydney re-introduced “soft touch” COVID-19 curbs on Wednesday to contain a widening outbreak of the highly infectious Delta variant, mandating masks in offices while neighbouring states Continue Reading
China’s private refiners suspend bitumen blend imports amid new consumption tax: sources
Highlights China’s bitumen imports hits all-time high of 4.16 mil mt in May Imports as of June 12 still high at around 1.4-1.5 mil mt China’s independent refineries and trading Continue Reading
South Korea companies develop molten salt reactor for shipping, power generation
Nuclear propulsion for cargo vessels spurred by carbon regulation Samsung sees nuclear power as potential eco-friendly shipping option Reactor design could also be used in floating power plants South Korea’s Continue Reading
Engine No. 1 Reaches Beyond Exxon With New ETF
Activist investor Engine No.1 will soon launch its first exchange-traded fund (ETF) as it extends its efforts to improve the environmental and social impacts of large U.S. corporations beyond supermajor Continue Reading