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Month: February 2022

Category:
  • Climate

Net-Zero Plans of the Biggest Global Companies Do Not Add Up to Net Zero

A dead giant sequoia tree after the Castle Fire in Sequoia National Forest, California. What do Unilever Plc , Alphabet Inc. ’s Google and Amazon.com Inc. have in common? Their Continue Reading

Posted On : 8 Feb 2022 Published By : Tom Whipple
Category:
  • Middle East

Middle Eastern Oil Is Flavor of the Month as Benchmarks Diverge

Crudes from the Middle East are off to a strong start this month as a major divergence in global benchmarks favors grades priced off Dubai oil, highlighting strong global demand Continue Reading

Posted On : 8 Feb 2022 Published By : Tom Whipple
Category:
  • Iraq

Iraq Ready To Execute Four Game-Changing Energy Projects

According to Iraq’s Oil Ministry, the country is ready to move into the ‘execution phase’ of its four-project deal with French energy supermajor TotalEnergies The first of these projects is Continue Reading

Posted On : 8 Feb 2022 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria: Again, IMF Urges Nigeria to Increase VAT, Remove Fuel Subsidy

Oil rigs The International Monetary Fund (IMF) has once more advised Nigeria’s federal government to increase Value Added Tax (VAT), while also offering other fiscal measures that the country could Continue Reading

Posted On : 8 Feb 2022 Published By : Tom Whipple
Category:
  • USA
  • Venezuela

Exclusive: U.S. weighs Chevron request to take Venezuela oil for debt payments

 The Biden administration is considering a Chevron Corp (CVX.N) proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes to recoup unpaid debt, four people close Continue Reading

Posted On : 8 Feb 2022 Published By : Tom Whipple
Category:
  • China
  • Russia

China’s new Russian crude term deal unlikely to dent seaborne inflows

 Rosneft signs 10-year pipeline crude supply deal with CNPC Inflows to help boost throughput in the region, fill SPRs Russian crude accounted for 15.5% market share in China in 2021 Continue Reading

Posted On : 8 Feb 2022 Published By : Tom Whipple
Category:
  • Oil Supply

Oil and gas bankers confront their own energy transition

 Can oil bankers learn renewable tricks? They may need to in this climate, judging by the experience of Douglas MacKenzie, a Citigroup banker who has spent decades advising global energy Continue Reading

Posted On : 8 Feb 2022 Published By : Tom Whipple
Category:
  • China
  • Coal

China Battles to Contain Coal Price Surge as Dependency Worsens

China’s dependency on coal is likely to worsen this year as the authorities struggle to rein in prices after the Lunar New Year break. Chinese miners dug up more than Continue Reading

Posted On : 8 Feb 2022 Published By : Tom Whipple
Category:
  • China
  • Economy

China Eases Property Loan Curbs as Housing Market Slumps

Apartment buildings at a residential project in Shanghai, China. Bloomberg News China eased a year-long cap on loans for the real estate sector to fund public rental housing, the latest Continue Reading

Posted On : 8 Feb 2022 Published By : Tom Whipple
Category:
  • China
  • coronavirus

China locks down southern city as omicron variant surges

Residents wearing face masks to help protect from the coronavirus ride an electric scooter along a street decorated with red lanterns in Beijing, Tuesday, Feb. 8, 2022. China has ordered Continue Reading

Posted On : 8 Feb 2022 Published By : Tom Whipple

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