Brent oil dropped in Asia as the dollar strengthened, giving up some of the gains posted at the end of the worst week since October. Futures in London slipped 1% on Monday as a rising […]
Energy News Beat Publishers Note: This makes sense, but will people look at the argument? The emerging countries are going to be relying on coal for a long time. It would help everyone to get […]
Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time, CEO Amin Nasser told the China Development […]
World’s biggest oil company saw net income fall 44% last year CEO Nasser is ‘very optimistic’ on oil demand growing in 2021 Saudi Aramco’s $75 billion dividend survived one of the biggest disruptions to oil […]
Indian Oil Corporation (IOC) on Wednesday entered into a collaboration with Phinergy, an Israeli start-up company specialising in hybrid lithium-ion and aluminium-air/zinc-air battery systems, to form IOC Phinergy Private Limited. According to a press release, the […]
As many developed and even emerging nations aggressively pursue renewable energy targets with a focus on winding down the extraction of fossil fuels, strife-torn Colombia reaffirms that fossil fuel production is crucial to its economic […]
Energy News Beat Publishers Note: The United States needs to increase oil trade with Canada and Mexico to minimize our reliance on foreign influences. Current policies are not taking the world political situations into consideration. […]
India will look for alternative sources of crude oil to ensure sustained supply of the fuel, Finance Minister Nirmala Sitharaman said. New supply chains won’t likely have an impact on crude prices though, she said […]
Energy News Beat Publishers Note: Excellent contrasting report from Irina Slav at Oilprice.com from other reports showing that China will be increasing coal production plants for the next foreseeable future. In the other sources, China’s […]
Any sharp oil sell-off, like the one this week, always has a clutch of plausible explanations and a sense that some sure-bet trade has unwound in a rout. And that’s almost certainly true. But there’s […]
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