Oil prices rose today after the Energy Information Administration reported an inventory decline of 1.5 million barrels for the week to September 3, with sizeable draws in fuel inventories as Continue Reading
Last week, oil prices enjoyed a nice rally OPEC+ agreed to keep its current production agreement in place , maintaining the 400K bbl/day hike scheduled for October. The group took Continue Reading
Some of the world’s biggest oil consumers, led by China, have already exceeded pre-pandemic consumption levels, Bloomberg reports , citing consultancy SIA Energy. “The worst for Asian fuel demand is Continue Reading
Almost 60 percent of global crude oil and fossil methane gas reserves, plus 90 percent of coal reserves, should be kept in the ground if the world has a chance Continue Reading
Oil and gas companies need to start planning for production cuts of 50 percent and more by the 2030s. That is, if they want to become aligned with Paris Agreement Continue Reading
Mustafa Sanalla Photographer: Stefan Wermuth/Bloomberg Libya’s oil production is in danger of slumping again, as a political power struggle threatens to end a period of relative stability. The standoff comes Continue Reading
Israel-based StoreDot, the developer of extreme fast charging battery technology for electric vehicles ( earlier post ), has demonstrated a prototype 4680 form factor cell that is fully charged in Continue Reading
ExxonMobil has made another oil discovery on the Stabroek Block offshore Guyana, its 20 th significant crude discovery on the block, the U.S. supermajor and its partner on the block, Continue Reading
In a little over a decade Latin America’s largest economy Brazil has become a leading global oil producer. At the end of 2020, Brazil was not only pumping the most Continue Reading
China to sell state crude reserves in phases via public auction Top oil importer’s producer price inflation at 13-yr high in Aug Auctions could sell off 10-15 mln bbl of Continue Reading
