IRAQ DATA: December federal oil exports nearly steady despite higher OPEC+ quota
Federal Iraq pumped 3.277 mil b/d, just 4,000 b/d more than Nov Production quota was 4.237 mil b/d in Dec vs 4.193 million b/d in Nov OPEC+ set to meet Continue Reading
Libya Shuts Down Another 200,000 Barrels a Day of Oil Production
Libya expects its oil production to drop by another 200,000 barrels a day over the next week as workers try to fix a damaged pipeline. The latest outage comes less Continue Reading
Gas Shortage Leads to Pakistan Losing 20% of Vital Textile Exports
Pakistan’s natural gas shortage is hurting its most important export industry, putting even more stress on an economy already struggling with accelerating inflation and a weakening currency. About $250 million Continue Reading
Venezuela Surprises Oil Markets With Large Production Increase
Venezuela has reported a significant increase in monthly oil output. The spike in output can be attributed to a range of factors, including the technical assistance and diluent provided by Continue Reading
Chinese authorities pledge to resolve food shortages in locked-down Xi’an
Chinese officials have pledged to alleviate food shortages in Xi’an for residents locked in their homes as the country battles its worst Covid-19 outbreak since the coronavirus pandemic started in Continue Reading
Powerful Methane Cloud Seen by Satellite Came From Georgia Pipe
Williams Cos., one of the biggest transporters of natural gas in the U.S., said an intentional release of a powerful greenhouse gas detected by satellite was caused by work on Continue Reading
Can Paper Replace Plastic? A Packaging Giant Is Betting It Can
When a new building-size machine cranks up this month, it will begin turning mountains of recycled cardboard into paperboard suitable for greener forms of packaging. The $600-million project, the first Continue Reading
Tesla Reports 87% Growth in Annual Vehicle Deliveries
Tesla Inc. TSLA -1.27% annual vehicle deliveries surged 87% in 2021, growing at their fastest pace in years, as the company leveraged its Silicon Valley roots to overcome computer-chip shortages that have plagued the global auto Continue Reading
Tesla dodges supply woes to deliver record number of vehicles
Tesla smashed its own production and delivery records in the final months of last year, shrugging off supply chain and other problems to hand customers the keys to more than Continue Reading
Fossil Fuel Financing Under Pressure As Wall Street Caves To ESG Demands
While U.S. oil and gas firms are expected to raise their capital spending in 2022, constrained funding could put a cap on their ambitions. Low capital funding availability poses a Continue Reading