Volvo Cars and Northvolt have selected Gothenburg, Sweden to establish a new battery manufacturing plant which will commence operations in 2025, and complement the planned R&D center that both companies Continue Reading
Crude oil futures were higher in mid-morning Asian trade Feb. 4, extending strong overnight gains and sending both benchmarks further above the $90/b handle as a deep freeze sweeps across Continue Reading
Oil shot across $90 for the first time since 2014 as winter weather in the U.S. threatened to shut in some oil production while geopolitical tensions continued to keep investors Continue Reading
A growing constellation of methane-detecting satellites is giving researchers new and disturbing insights into “super emitters” around the globe — from pipelines in Russia to North America’s oil fields. But Continue Reading
OPEC’s second-largest producer, Iraq, is one of the OPEC+ members struggling to boost its oil production as much as its quota in the pact allows, with January output 120,000 barrels Continue Reading
OPEC+ decided to add 400,000 bpd to its production quota for March. A growing number of oil analysts think that OPEC+ may struggle to deliver on its output promises. Saudi Continue Reading
Iraq exported 3.619 million barrels per day (bpd) in January nationwide, a slight decline from December, but high oil prices led to monthly revenue levels unseen in a decade.Iraq’s federal oil Continue Reading
The Biden administration expects a restored nuclear deal would leave Iran capable of amassing enough nuclear fuel for a bomb in significantly less than a year, a shorter time frame Continue Reading
A floating production, storage and offloading (FPSO) vessel exploded offshore Nigeria early on Wednesday with 10 crew members on board, the company operating the vessel said on Thursday. The supertanker-sized Continue Reading
The oil sector is likely to witness further contraction as escalating theft and underinvestment have become a clog in the wheel of progress of the industry. Experts lament the oil Continue Reading
