BHP Group is considering getting out of the oil and gas business, and the exit could be worth $15 billion, according to people familiar with the matter. The mining giant wants to make the move […]
Despite volatility in global oil markets, U.S. crude oil exports reached a record high in 2020. So far this year (as of July 9, 2021), U.S. crude oil exports have averaged 3.00 million barrels per […]
Key Chinese cities have warned that homes and factories face new power outages as historic demand and supply shortages strain energy grids. Populous centers including Beijing and Xi’an have alerted electricity users there will be […]
Italy is studying an array of incentives to cushion the blow to citizens and businesses as the country looks to execute a rapid shift to a green economy. “Everybody knows that the transition is very […]
International monitors are watching Iran’s fast-expanding nuclear program with growing alarm, as Tehran refuses to extend an expired inspections pact and insists the experts must trust that it’s accurately documenting uranium-enrichment activities. Iran claims it’s […]
China plans to add nearly 110 million tonnes per annum of advanced coal production capacity in the second half of 2021 to meet the increasing demand for the fossil fuel, the state planner said on Monday. “Currently, more […]
The US oil price tumbled more than six percent Monday, a day after producers decided to increase output and as stock markets slumped with surging Covid cases threatening economic recovery. The benchmark US crude contract, WTI, was […]
Investors will be watching for signs that the pickup in commercial activity in recent months is sufficient to support new infrastructure growth opportunities. Many of the companies in the midstream sector have been focusing on […]
Key U.S. Senate Democrats agreed to a $3.5 trillion budget resolution that party leaders said will support President Joe Biden’s efforts to address climate change. The budget deal, reached late July 13, would expand Medicare […]
Well, we are in historic times with pandemics, countries printing money, and inflation. If that does not make your head hurt, commodities pricing will. The important deal with OPEC + and the UAE is an […]
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