Iran: There Is No Spare Oil Capacity
The United States won’t be able to bring Iranian oil exports to zero because the other producers can’t offset the loss of all of Iran’s oil barrels in an already Continue Reading
U.S. Secretary Of State Criticizes Iran-Chinese Oil Ties
U.S. Secretary of State Mike Pompeo slammed Iran’s Supreme Leader Ali Khamenei for staying silent on reports of China violating the human rights of Muslim minorities, accusing Iran of turning Continue Reading
NOC says Libyan oil output normal despite attack on its headquarters
TRIPOLI (Reuters) – Libya’s state oil firm NOC said on Wednesday that it continued to manage its operations normally throughout the country, without loss of production, after a shooting attack Continue Reading
Volvo Trucks presents Vera autonomous electric vehicle for future transport solutions
Volvo Trucks unveiled Vera : an autonomous, electric vehicle that can operate with significantly less exhaust emissions and low noise levels. Vera is controlled and monitored via a cloud-based service, Continue Reading
Russia warns of ‘fragile’ oil market due to geopolitics, but says it can raise output
Global oil markets remain “fragile” due to geopolitics and production declines in several regions, Russia’s energy minister said on Wednesday but added his country could raise output if needed. The Continue Reading
Russian energy minister Novak sees broader OPEC, Russia, allies cooperation charter ‘expedient’ from Jan 1, 2019
Russia’s energy minister Alexander Novak believes OPEC, Russia and their allies within the production cut alliance should ink an agreement on the group’s broader cooperation in December so that the Continue Reading
World shares face longest losing streak since January 2016
LONDON (Reuters) – World shares were flirting with their longest run of declines since early 2016 on Monday, hit by rising anxiety about the U.S.-China trade war and another interest Continue Reading
China vows to respond if U.S. takes new steps on trade
BEIJING (Reuters) – China will respond if the United States takes any new steps on trade, the foreign ministry said on Monday, after President Donald Trump warned he was ready Continue Reading
China’s August oil imports rise 6.5 percent as teapots return to market
China’s crude oil imports rose 6.5 percent in August from a month earlier to their highest since May, boosted by a rebound in demand from smaller, independent refiners, customs data Continue Reading
Fuelling independence? Scotland’s oil hub embraces green energy
ABERDEEN, Scotland (Reuters) – Scotland’s leader Nicola Sturgeon launched on Friday a major renewable energy project boasting the world’s most powerful wind turbines, which she hopes will also propel the Continue Reading