According to the vice president of research at S&P Global, OPEC+ has decided to extend production cuts until the end of 2024. The alliance then plans to start adding supply to the market in 2025. […]
Trafigura expects Brent oil prices to fall into the $60 per barrel range in the near future, although warns traders to be cautious. Weak Chinese oil demand and rising non-OPEC supply are contributing to the […]
The Libya supply outage is propping up several light crude oil grades. U.S. WTI Midland crude could replace lost volumes of Libyan crude in the short term: Reuters. U.S. crude is set to compete with […]
In March last year, Sempra Infrastructure, a unit of Sempra, took a final investment decision for the first phase of its Port Arthur LNG export project worth about $13 billion. The first phase of the project is […]
Saudi Arabia’s breakeven oil price has risen due to increased spending on Vision 2030 and production cuts aimed at supporting oil prices. The IMF warns that Saudi Arabia needs an oil price of $96.20 per […]
San Bernardino unveiled the nation’s first hybrid hydrogen fuel cell train. The $20 million train uses a hybrid hydrogen fuel cell and battery system to power the lightweight vehicle capable of ferrying 108-seated passengers on […]
Saudi Arabia has a superpower. Not only is it the largest exporter of crude oil in the world; its production costs for oil projects are also the lowest in the world, at around just $10 […]
The US presidential candidate has pledged 100% tariffs on countries that are seeking to replace the greenback in international transactions Republican presidential nominee Donald Trump has claimed that dumping the US dollar will be extremely […]
Group chief Oliver Blume has defended job cuts, citing the ‘serious’ economic situation, according to German media The situation at the Volkswagen Group is alarming and major changes are needed for the German automobile […]
The government’s plan to build a new nuclear power station in Wales is reportedly under review. According to the Telegraph, the Energy Secretary has asked officials to reassess future nuclear projects, which puts the planned […]
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