Oil prices fall 3% on recession fears
Oil prices continued to slide on Wednesday on investor worries about the ailing state of the global economy, bearish oil demand signals from OPEC+ and increased restrictions to curb COVID-19 Continue Reading
Oil Retreats From Biggest Gain in Six Weeks Amid Supply Angst
Oil moved below $96 a barrel, retreating from its biggest gain in more than a month as traders weighed potential supply disruptions, including the possibility of an OPEC+ output cut. Continue Reading
Oil tumbles on inflation woes, Iraq exports
The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria, March 21, 2016. REUTERS/Leonhard Foeger LONDON, Aug 30 (Reuters) – Oil Continue Reading
Nuclear Power Is Staging A Remarkable Comeback
As governments around the world struggle with a seemingly insurmountable energy crisis, policymakers are reconsidering nuclear energy as a possible solution. Natural gas prices continue to break record highs, making Continue Reading
This decade’s oil boom is moving offshore – way offshore
Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects including some in the remote iceberg waters far off Continue Reading
OPEC+ JTC raises 2022 oil market surplus forecast
The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger Aug 31 Continue Reading
One of World’s Most Polluted Spots Gets Worse as $1 Billion Cleanup Drags On
A Hyprep remediation site in Eleme, near Port Harcourt, in 2019. Mismanagement, waste and lack of transparency are making the cleanup in the Niger Delta’s Ogoniland anything but exemplary, UN Continue Reading
Nigeria: NNPC in ‘Locked Pact’ to Supply Dangote Refinery Crude Oil for 20 Years
Oil refinery The agreement will help Nigeria side-step the likely crude oil glut that will follow as more countries move away to cleaner energy. The Nigerian government says it has Continue Reading
Civil unrest raises risks for oil sector
Muqtada al-Sadr on Tuesday gave a speech condemning Monday’s violence and ordering his followers to stop even the peaceful protests that he had earlier ordered. Sadr’s followers appeared to obey Continue Reading
China’s Largest Developer Posts Record 96% Profit Slump
No Single White Knight for China Property Market Bloomberg News Country Garden Holdings Co. said first-half earnings plunged 96%, the most since its 2007 listing in Hong Kong, as China’s Continue Reading