OPEC+ Boosts Output for July Oil extended gains after closing at the highest since October 2018 as an industry report pointing to a decline in U.S. crude inventories reinforced optimism Continue Reading
Investment in energy is on track to recover by nearly 10% in 2021 as the world emerges from the COVID-19 pandemic, the International Energy Agency (IEA) said on Wednesday, but Continue Reading
The European Union, Canada and other developed countries have signed deals to get hundreds of millions of doses of Covid-19 vaccines and boosters over the next two years, furthering a Continue Reading
Global energy investment this year is seen expanding by 10 percent from 2020 to $1.9 trillion, the International Energy Agency said in its World Energy Investment 2021 report. Energy demand Continue Reading
Highlights Maersk calls for a $450 per ton fuel carbon tax on fossil fuel-based fuels Plans to power carbon-neutral methanol vessel by 2023 Cost, supply concerns remain key for methanol Continue Reading
Upstream spending to remain 26% below 2019 levels IOC’s upstream pullback gives more space to NOCs More clean energy spending needed to hit climate goals Upstream oil and gas investment Continue Reading
Iran is investigating a fire that sank one of its largest navy ships early Wednesday in the Gulf of Oman, according to Iranian state media, the latest blow to the country’s Continue Reading
A major oil refinery in Tehran is now engulfed in a huge blaze just hours after on Wednesday morning the Islamic Republic’s largest warship caught fire and sank in the Continue Reading
Saudi Arabia’s oil giant Aramco plans to raise around US$5 billion in a new bond sale as early as this month, as it looks to fund its massive annual dividend Continue Reading
Iraqi oil exports in May averaged 3.336 million barrels per day (bpd), according to Oil Ministry and industry data — a slight decline from April for both the federal government Continue Reading
