Saudi Aramco said oil-output capacity across the world is dropping quickly and companies need to invest more in production. It’s a “huge concern,” Chief Executive Officer Amin Nasser said in an interview in Riyadh, Saudi Arabia’s […]
In my article this past Friday I ended with this: Let’s pull together and “Spend Our energy moving forward together towards an answer.” – Jay That seems like a good plan, but let’s throw some meat at […]
ENB Publishers Note: You have to hand it to Saudi Arabia, taking the lead to increase oil prices, start a consortium with Russia for natural gas and get into the driver’s seat for Blue Hydrogen. […]
The IEA director just announced that energy prices are likely to keep going up unless we have greater investments in renewables. Posted today on Oilprice.com today. He said, “There is a looming risk of more […]
Last week, Saudi Aramco’s chief executive officer, Amin Nasser, said that the company expects to boost its oil production capacity to 13 million barrels per day (bpd) by 2027. The EIA defines spare capacity very […]
Skyrocketing prices for natural gas, coal and electricity are putting extra pressure on oil markets, boosting demand as industries and power generators seek to switch to liquid fuels to keep a lid on costs. But […]
Petrodollars are once again flowing in for Saudi Arabia. The kingdom is earning more money from oil exports than at any time since 2018, as the global economic recovery and OPEC+ production cuts boost prices. […]
The OPEC+ cartel’s production policy will be the main factor influencing oil prices over the coming months, according to Vitol Group. There’s little chance of Iranian barrels returning to global markets this year and U.S. shale […]
Demand for oil will grow sharply in the next few years as the global economy recovers from the pandemic, OPEC said on Tuesday, adding that the world needs to keep investing in oil production to […]
Saudi Aramco is investing, alongside the country’s sovereign wealth fund and Riyadh-based ACWA Power, in the oil exporter’s largest solar project with a capacity of 1.5 GW as the world’s biggest energy company makes a […]
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