A $10-billion tax deferral plan proposed by the Norwegian government has prompted two oil industry executives to voice concern that it would do nothing to support the sustainability of the Continue Reading
UK airlines say they have been told the government will bring in a 14-day quarantine for anyone arriving in the UK from any country apart from the Republic of Ireland Continue Reading
As the coronavirus pandemic gained pace in Russia this spring, a billionaire steel magnate, Aleksei A. Mordashov, called four regional governors and urged them to lock down the cities where Continue Reading
One of the main reasons why the coronavirus-induced price slump feels so odd is that it is accompanied by a prolonged price war that has simultaneously dropped crude differentials, in Continue Reading
Tesla Model 3 was the best-selling car in the United Kingdom in April, while total UK new car sales plunged by 97.3 percent year on year to the lowest level Continue Reading
U.S. oil production could decline this year by 2 million bpd-3 million bpd , due to limited storage capacity and low oil prices, Russia’s Deputy Energy Minister Pavel Sorokin told Continue Reading
A gauge of Russian services slumped the most since records began in 2001 in the latest sign that the economy of the world’s biggest energy exporter is falling into a Continue Reading
The good news for Europe is that the worst of the pandemic is beginning to ease. This week deaths in Italy hit a nearly two-month low. And the German leader Continue Reading
With the U.S.’s patience wearing thin on its dealings with neighbouring Iran, endemic corruption still prevalent in both the south of the country and in the northern semi-autonomous region of Continue Reading
Standing nearly 100 feet tall on the rocky shore of the island Bjorko in southwest Sweden, a white wind tower looks indistinguishable from thousands of similar tubes that help generate Continue Reading
