A small market in Orlovka, Kyrgyzstan, is still dominated by a statue of Lenin. With the Kremlin distracted by its flagging war more than 1,500 miles away in Ukraine, Russia’s Continue Reading
Vestas, a Danish wind energy firm, announced in September that it would be establishing an onshore wind turbine tower with a hub height measuring 199 meters. The giant structure is Continue Reading
Oil headed for the biggest weekly gain since early March as OPEC+ put the market on course for further tightening ahead of winter. While West Texas Intermediate was near $89 Continue Reading
Oil prices could easily surge back above $100 a barrel next year as already-tight supplies could be further challenged by an increase in Chinese consumption, according to Global X Management Continue Reading
Oil prices stabilized near three-week highs on Thursday after OPEC+ agreed to further tighten global crude supply with a deal to slash production by about 2 million barrels per day, Continue Reading
Summertime rains supercharged by rising temperatures turned a third of Pakistan into an impromptu lake. A disaster that began in mid-June remains very much ongoing more than three months later. Continue Reading
production cut by the OPEC+ oil cartel is reigniting U.S. voters’ No. 1 fear – high inflation – and handing a potential boost to Republican candidates less than five weeks Continue Reading
OPEC+ on Wednesday decided to cut output quota by 2 million bpd. Heightened volatility in oil markets has been one of the key reasons for OPEC+ to cut output. A Continue Reading
U.S. President Joe Biden is disappointed. U.S. President Joe Biden is disappointed by OPEC+’s decision to cut production quotas, according to a White House statement from National Security Advisor Jake Continue Reading
The Forcados terminal is operated by Shell. A spokesperson for the company could not be reached as the known phone line did not connect. The Nigerian National Petroleum Company (NNPC) Continue Reading
