After 99 years, the world officially eliminated the use of leaded gasoline as gas stations in Algeria stopped offering leaded fuel, the UN Environment Programme (UNEP) said this week, calling Continue Reading
For anyone still in doubt about climate change, the recent floods and unusual heat waves around the globe will be difficult to ignore. Floods in China have killed dozens of Continue Reading
OPEC+ expects the oil market to be in deficit at least until the end of 2021 and stocks to stay relatively low until May 2022, OPEC+ sources said on Tuesday, Continue Reading
Despite the COVID resurgence, the oil market will become increasingly tight this year, OPEC+ estimates show , but as the group continues to ease the production cuts into next year, Continue Reading
The tension among Libya’s top oil officials escalated on Sunday when Oun said he had suspended the chairman of NOC, which is the most important revenue asset for OPEC’s African Continue Reading
OPEC has been pumping in August the highest volume of crude oil since April 2020, after the OPEC+ alliance agreed to ease the production cuts by 400,000 barrels per day Continue Reading
OPEC and its allies will likely stick to their existing policy of gradual oil output increases despite revising up the 2022 demand outlook and facing U.S. pressure to raise production Continue Reading
Irrespective of how quickly a new iteration of the Joint Comprehensive Plan of Action (JCPOA) – ‘nuclear deal’ – is signed between Iran and the U.S., plus the remainder of Continue Reading
Brazil’s Mines and Energy Minister Bento Albuquerque on Tuesday warned that the country’s energy crisis was worse than previously thought, as a record drought hampers hydropower generation. In a televised Continue Reading
With Asia expected to contribute around 90 percent of the world’s growing oil demand over the next five years, we are seeing more and more regional partnerships being established. India Continue Reading
