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deepwater gas field
Crude Oil News

China-developed deepwater gas field sees record high oil, gas output

October 14, 2024 Mariel Alumit

BEIJING — China’s first independently developed and independently built ultra-deepwater gas field, Shenhai Yihao, also known as Deep Sea No 1, has recorded an accumulated natural gas output of over 9 billion cubic meters to […]

Iran's oil
Crude Oil News

An Israeli attack on Iran’s oil bases could have massive repercussions – and may help Trump’s chances of winning election

October 14, 2024 Mariel Alumit

A high noon is coming in Israel’s conflict with Iran, a ballistic missile showdown may be in the offing or perhaps something more asymmetrical and covert. Israel‘s Prime Minister Benjamin Netanyahu is deciding how to […]

Russia
Critical Minerals

Why Russia Wants to Capture a Mine in the Pokrovsk District: Details from The Economist.

October 14, 2024 Mariel Alumit

Russia Captured the Largest Mine in Ukraine, Steel Production Decline Threatened The capture by Russia of Ukraine’s largest coking coal mine in the Pokrovsk district could cause a catastrophic decline in steel production. This is […]

China’s gas imports
Imports

China’s gas imports continue to rise

October 14, 2024 Mariel Alumit

Natural gas imports during the last month reached about 11.99 million tonnes, rising 18.2 percent compared to 10.14 million tonnes in September 2023, the data from the General Administration of Customs shows. China paid about $5.96 billion […]

lithium
Critical Minerals

Engineers recommend reducing EV battery size to cut lithium demand

October 14, 2024 Mariel Alumit

The UK needs a comprehensive plan to reduce demand, reuse and recycle critical materials, such as lithium, to meet its net zero strategy goals and strengthen economic security, according to a report by the National […]

sanctions
Crude Oil News

US sanctions more Iran tankers

October 14, 2024 Mariel Alumit

The United States has tightened up its sanctions on Iran’s petroleum and petrochemical sectors in response to Iran’s October 1 attack on Israel, its second direct attack on Israel this year. The US Treasury stated […]

Biofuel

Anger at UK’s ‘bonkers’ plan to reach net zero by importing fuel from North Korea

October 13, 2024 Stu Turley

Government criticised over list of potential countries for sourcing biomass, which also includes Afghanistan A plan by the British government to burn biomass imported from countries including North Korea and Afghanistan has been described as “bonkers”, with […]

Electric Vehicles

Drivers who get this DVLA warning will have to pay an extra £600 a year

October 13, 2024 Stu Turley

In a significant overhaul of car taxation, over one million UK drivers are set to face major changes as the government aims to make vehicle taxes “fairer”. Starting April 2025, electric vehicle (EV) owners will […]

Crude Oil News

UK Gas Production Is Declining Faster Than Expected, Lobby Warns

October 13, 2024 Stu Turley

Output is down about 13% this year, industry group OEUK says Producers are looking for relief as government raises taxes Britain’s natural gas output is declining faster than expected and leading to greater reliance on […]

Crude Oil News

Israel-Iran: A strike on oil assets could revive inflation

October 12, 2024 Stu Turley

When Iran launched a barrage of some 180 ballistic missiles at Israel a week ago — causing little damage or casualties — Israeli Prime Minister Benjamin Netanyahu warned that Tehran had made a “big mistake” and would “pay for it.” Iran’s first large strike on Israel […]

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