After the Second World War crude oil and control of its production became an important driver of global geopolitics. Crude oil became an essential component in a world economy powered by fossil fuels and experiencing a massive […]
Total Nigeria Plc has projected a rise in its revenue to N115.97 billion for the first quarter of 2021 (Q1, 2021), indicating a 157.7 per cent increase from the figure recorded in Q3 2020. This […]
Brazilian oil and gas giant Petrobras has registered records in its 2020 annual oil production and total annual production (oil and gas) of, respectively, 2.28 million barrels per day (bpd) of oil and 2.84 million […]
Iran has signaled it has no intention to negotiate the release of the South Koran fuel tanker that the Iranian military seized earlier this week in the Strait of Hormuz. Korean media quoted a statement […]
Total US crude exports averaged 2.73mn b/d in November, down from 2.91mn b/d in October, according to trade data released today by the US Census Bureau. China had been the top destination for US crude […]
Energy News Beat Publishers Note: We have to applaud the leadership in India for looking at the lowest cost energy for their people. They also look at all forms of power to include solar, wind, […]
Energy News Beat Publishers Note: This is an interesting story as it relates to OPEC, Russia and Kurdistan. Update: On Wednesday, three days after our original story published, Kamal al-Atroshi was confirmed by Kurdistan’s Parliament […]
Energy News Beat Publishers Note: With the wild ride on OPEC meetings this week, this news is going to make it tougher for OPEC to control the members quotas for production. Therefore making the pricing […]
Update (9:58 AM MST): Saudi to voluntarily cut oil production in Feb. OPEC+ MEETING: Saudi Arabia has taken responsibility for re-balancing the oil market, in a three-way OPEC+ deal that will see the kingdom cut […]
UPDATE (7:23 AM MST): Russia agrees to rollover production Russia agrees to rollover current OPEC production – report https://t.co/CI8BZCSZNi — ForexLive (@ForexLive) January 5, 2021 OPEC+ resumes debate on Tuesday after talks stumbled over February […]
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