HIGHLIGHTS More investment needed in existing oil projects: energy minister Huge shortfall of oil products due to lack of refining capacity Progress on Neutral Zone fields, working Durra development Saudi Arabia’s crude production capacity is […]
The lack of public charging stations and high prices (despite the government’s subsidy) has decreased the use of EVs. The driving range is also one of the biggest concerns for the car buyer considering an […]
“The Adani Family, through an offshore special purpose vehicle, announced that it had entered into definitive agreements for the acquisition of Switzerland-based Holcim Ltd’s entire stake in two of India’s leading cement companies – Ambuja […]
The oil ministers of Saudi Arabia and the United Arab Emirates warned that spare capacity is decreasing in all energy sectors as producers slash investment, causing everything from crude to diesel and natural gas to […]
Firm’s net income rose to almost $40 billion in first-quarter Aramco follows Big Oil rivals such as BP with bumper earnings Saudi Aramco posted its highest profit since its record stock-market listing, after oil prices surged […]
Sunday is the day when European Union regulations prohibiting dealings with Russian state energy companies come into effect. That should trigger a further decline in the volume of crude and refined products bought and traded by European […]
Capex declines to $7.6 bil from $8.2 bil in Q1 2021 Aramco to continue spending increase by middle of decade Aramco is expanding oil production capacity to 13 mil b/d by 2027 Saudi Aramco, the […]
The Electric Reliability Council of Texas is asking Texans to conserve energy this weekend. Interim CEO Brad Jones on current grid conditions. “With unseasonably hot weather driving record demand across Texas, ERCOT continues to work […]
If Russia had not invaded Ukraine, crude oil prices would be well below $100 per barrel now. That’s what analysts at Standard Chartered think, according to a new report by the company, which outlined that […]
BP, ConocoPhillips get more investor support over climate Upcoming AGMs from ExxonMobil, Shell, Chevron in focus Some investors more supportive of company climate plans BOSTON/LONDON, May 13 (Reuters) – Big Oil has enjoyed an easier […]
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