As the Gulf Arab states seek to gradually transition away from hydrocarbon dependence, Japan has stepped in as a partner, deepening its strategic and economic ties with the United Arab Emirates and the wider region. […]
The implications are enormous, for global commerce, and especially for America. China straddles both worlds. It’s the world’s largest coal producer and consumer – and the second-largest fossil fuels consumer after the USA. Although the […]
Brazil, with 14.9 billion barrels of proven reserves, is aiming to boost oil output to 5.4 million barrels per day by 2029, potentially becoming the world’s fourth-largest oil producer. Guyana, following a series of discoveries […]
The continued reliance on burning coal to produce energy is undeniably the greatest obstacle to reaching our shared goals for reducing global emissions. With the dependence on coal reaching an all-time high in 2022, rapidly replacing it […]
China accumulated crude for its strategic inventories at the fastest pace in three years. China’s crude oil imports hit a near-record last month, soaring by a whopping 45.3% on the year to 12.67 million barrels […]
Russia recently exported more oil than at any other time following its invasion of Ukraine last year. Russian oil exports hit their highest level in April compared to any other month after it invaded Ukraine […]
For the past year, residents in Port St. Joe, Florida have been fighting to stop a liquefied natural gas terminal from being built on the town’s Gulf Coast shore. Now, community members say they’re breathing a sigh of […]
Spending on new LNG carriers since the beginning of 2022 represents 27% of total newbuilding investment and more than any other sector including containerships. With owners having racked up some $47 billion in investments in […]
Wood Mackenzie: Brazil’s private oil companies will increase oil production by 75% from 1.221Mb/d to 2.123Mb/d by 2030. Petrobras is also expected to grow production at an impressive clip, with output expected to increase 61% […]
Kuala Lumpur, Malaysia – Russia’s withdrawal from the Black Sea grain deal is expected to drive food prices higher in Asia but the impact will be muted for now, analysts say, due to reduced imports […]
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