A panel of OPEC+ technical experts agreed to revise down oil-demand estimates for 2021 after Saudi Arabia suggested that the figure looked too high, delegates said. The move, which was also supported by Algeria, comes […]
In the end, it took roughly six days and seven hours to undo the minutes of drama that exposed the vulnerability of global trade and captivated the world. It may take longer to figure out how […]
HE Mohammad Sanusi Barkindo, OPEC Secretary General, opened the meeting by recognizing the historic milestone reached by the JTC Members and thanked them for their tireless efforts and unwavering commitment to the objectives of the […]
“The uncertainty over the return to mobility, basically arising from the current process of vaccination, make it impossible to predict when the refinery will return to normal,” Petronor said. The firm sees the refinery’s current […]
Energy News Beat Publishers Note: George Friedman has an outstanding look at world political winds and their impact on economic implications. Sign up for his newsletter at geopoliticalfutures.com. I’ve often written about chokepoints – those […]
Russia’s integrated nuclear power player Rosatom on Tuesday said a batch of equipment for upcoming two atomic power plants in India from European suppliers has been loaded onto a ship. In a statement, Rosatom said the equipment manufactured by […]
BMW has timed its shift to electric cars well and its upcoming products will upend the perception the German carmaker is behind on electrification and could make its stock compete with the likes of Tesla Inc, its top executive […]
Oil prices rose on Tuesday as shipping traffic resumed through the Suez Canal after days on hold and focus turned to an OPEC+ meeting this week where the extension of supply curbs may be on the table amid new […]
The immediate crisis of the Suez Canal blockage may have ended, but the battle over damages from the waterway’s longest closure in almost half a century is just beginning. The long-term cost of the canal’s estimated $10-billion-a-day closure will likely be small, […]
Energy News Beat Publishers Note: The new China – Iran oil deal will also impact supply outside the OPEC and OPEC + quotas. As OPEC and its allies prepare for another decision on oil output, […]
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