Libya’s Oil Production Crashes Down To 780,000 Bpd
Maintenance work on a pipeline shut down 200,000 bpd output this week On December 20, Libya declared force majeure on its oil exports after crude oil production had been shut Continue Reading
Nigeria: Oil Industry – 2021 in Retrospect and Prospects for 2022
In 2021, the Nigerian oil and gas industry witnessed unarguably the level of activities that had not been witnessed in a long while. From the enactment of the Petroleum Industry Continue Reading
Kazakhstan’s government resigns as fuel protests rage
Kazakh President Kassym-Jomart Tokayev accepted the government’s resignation on Wednesday after a fuel price increase in the oil-producing Central Asian country triggered protests in which nearly 100 police were injured. Continue Reading
India’s jet fuel demand facing headwinds as third COVID wave looms
Highlights Several states step up restrictions as omicron variant spreads India’s 2022 jet fuel demand seen 16% lower than 2019: Platts Analytics But tight supply, China’s export quota cuts to Continue Reading
Yuzhou: Second Chinese city forced into Covid lockdown
The first city out into a recent lockdown was Xi’an on 23 December China has put a second city into total lockdown after just three asymptomatic Covid cases were discovered. Continue Reading
China Slashes Fuel Export Quotas By 56%
China has considerably reduced the allowances for fuel exports in the first export quota batch for 2022, signaling its intention to limit fuel sales abroad and curb excessive refinery output. Continue Reading
China reports major drop in virus cases in locked-down Xi’an
China on Wednesday reported a major drop in local COVID-19 infections in the northern city of Xi’an, which has been under a tight lockdown for the past two weeks that Continue Reading
Evergrande Is Told to Tear Down 39 Buildings on Man-Made Island
The crisis engulfing China Evergrande Group EGRNF 6.68% deepened, as the embattled property developer said it had been ordered to tear down dozens of buildings on an extravagant man-made island in southern China. At the same Continue Reading
Lockdown of Chinese City Leaves 13 Million Stranded
A week and a half into one of the biggest pandemic lockdowns in China, residents of Xi’an voiced desperation online about challenges in getting food and medical care. China’s Covid-19 count remains Continue Reading
Sony Looks to Sell Its Own Electric Vehicles
Sony Group Corp. said it would create a car unit and explore entering the electric-vehicle market, in another sign of how the electronics and car businesses are overlapping. At the CES Continue Reading