Meanwhile, the benchmark US 10-year Treasury yield rose to 1.74% for the first time since January 2020, helping to lift the dollar from a two-week low. The US Federal Reserve on Wednesday said the US economy was on track for its fastest expansion in nearly 40 years, but the central bank pledged to keep its...Continue Reading
Exxon’s Flagship Guyana Project Reaches Full Capacity | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova – Mar 18, 2021, 12:00 PM CDT The Liza Phase 1 offshore project—Guyana’s first oil-producing project...Continue Reading
A key tenet of the prior Trump administration’s crackdown on China and Iran was to punish those Chinese companies caught transferring sanctioned Iranian oil, which was often done through ‘ghosting’ or at other times offshore ship-to-ship transfers in order avoid detection. Since President Biden took office there’s been wide reports that China’s ‘illicit’ imports of Iranian oil have soared,...Continue Reading
Oil Plunges On A Wave Of Bearish News | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova – Mar 18, 2021, 11:00 AM CDT Oil prices plummeted by 4 percent on Thursday...Continue Reading
EVs Overrated As Climate Game Changers: Expert | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Mar 18, 2021, 10:00 AM CDT Electric cars are highly overrated as a means of tackling climate change, a renowned environmental policies expert has said, adding that subsidizing EVs is...Continue Reading
Ecopetrol has selected Aspen GDOT dynamic optimization software as part of its digitalization initiative to improve refining margins at its two refineries in Cartagena and Barrancabermeja, and upgrading to Aspen DMC3 advanced process control software in Barrancabermeja refinery. SourceContinue Reading
A new company soon to be created by Chrysaor Holdings Ltd and Premier Oil Plc will likely retain its stake in the giant Zama oil development in Mexico, reversing an earlier decision by the indebted North Sea driller to exit the project. SourceContinue Reading
China’s $6.4 Trillion Energy Transition To Transform Economy | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – Mar 18, 2021, 9:30 AM CDT China’s transition from the biggest polluter in the world to...Continue Reading
IEA: Gasoline Demand May Never Fully Recover | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Mar 18, 2021, 9:00 AM CDT Global gasoline may have peaked, thanks to fuel efficiency gains and...Continue Reading
BP announced that it is developing plans for the UK’s largest blue hydrogen production facility, targeting 1GW of hydrogen production by 2030. The project would capture and send for storage up to two million tons of CO₂ per year. SourceContinue Reading
