Giant West Qurna 2 oil field produces 400,000 b/d Iraq’s southern fields suffering from water problems Dhi Qar’s Nassiriya field closed for security concerns Some 480,000 b/d of Iraqi crude Continue Reading
For a brief period in the 2010s, high oil prices meant good news for the U.S. economy. Now, they are once again a threat to growth. With prices topping $100 Continue Reading
ExxonMobil logo. The multinational holds 40 per cent in the partnership through MPNU and NNPC the remainder. Seplat Energy has entered into a contract with a Nigerian unit of Texas-based Continue Reading
French energy company TotalEnergies has made a “massive” oil discovery on its block off the Namibian shore – another block in which the National Petroleum Corporation of Namibia (Namcor) owns Continue Reading
Since Russian President Vladimir Putin unleashed a large-scale attack against Ukraine on Thursday, the Biden administration has sought to rally allies and partners to condemn Russian aggression and join in trade Continue Reading
Despite rallying oil prices this year, China has been stocking up on crude oil, ignoring U.S. calls for a global coordinated release from strategic reserves, Reuters reported on Friday, citing Continue Reading
The rally in energy commodities following Russia’s invasion of Ukraine could derail Chinese plans for using the guiding of the price of coal, which is still a major source of Continue Reading
Russian energy flows not yet under US sanctions despite invasion China’s 2022 crude import growth seen at 536,000 b/d: Platts Analytics China may look for spot market bargains if other Continue Reading
Solar panels in the Gobi desert, in Dunhuang, Gansu province, China. Bloomberg News China aims to greatly expand its wind and solar power capacity over the next several years through Continue Reading
Why Russia’s Invasion Is Causing Anxiety in Beijing Bloomberg News At least two of China’s largest state-owned banks are restricting financing for purchases of Russian commodities, underscoring the limits of Continue Reading
