As China grapples with a surge of Covid-19 cases, a closely watched-gauge of Asian oil-demand has fallen to a seven-month low. On Thursday, the premium of Oman futures over Dubai swaps dropped beneath $1 per […]
EconomyBusiness and Economy Ghana’s government is working on a new policy to buy oil products with gold rather than US dollar reserves, Vice President Mahamudu Bawumia has said on Facebook. The move, announced on Thursday, […]
Plans to introduce price caps on natural gas prices have hit a dead-end after EU energy ministers on Thursday failed to reach an agreement amid deep divisions. Czech Industry Minister Jozef Sikela has, however, said […]
By Mish Shedlock of MishTalk Bloomberg reports EU Talks Stall Over Price Level for Proposed Russian Oil Cap The EU’s executive arm proposed a level of $65 a barrel, which Poland and the Baltic nations […]
Oil rose in early trade on Friday, trimming some of the week’s losses which have been driven by worries about Chinese demand and expectations a high price cap planned by the Group of Seven (G7) […]
NewsPolitics Venezuela’s government and opposition will resume political talks on Saturday, Norway’s foreign ministry has confirmed, as negotiations aimed at finding a way out of the country’s complex crisis were stalled for more than a […]
U.S. ready to allow oil giant to produce, sell Venezuelan oil Chevron is owed billions in unpaid debts by state-run PDVSA U.S. aims to shift Venezuelan oil sales from shadow firms Chevron Corp could soon […]
The United States’ 92 nuclear reactors currently in operation have a mean age of 41.6 years, the third oldest in the world. The only nuclear fleets that are older are those of Switzerland (46.3 years) […]
Sky-high oil tanker rates are weighing on physical crude trade. On Monday, the earnings on the benchmark key crude oil trading route hit $100,000 per day. Falling premiums on spot prices for various crudes, however, […]
“Kindly let me help you or you will drown said the monkey putting the fish safely up a tree.” – Alan Watts That’s a quasi-parable about how ignorance can maim helpfulness, turning well-being into harm, […]
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