UK Snubs IEA Suggestion To Stop Oil Exploration | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – May 26, 2021, 12:00 PM CDT The UK has no plans to stop new oil exploration, Reuters has reported, citing the Department for Business, Energy and Industrial Strategy. That’s...Continue Reading

In the UK, the oil and gas industry has committed to working in line with the Paris Agreement and recently passed the landmark North Sea Transition Deal which included a pledge to cut production emissions by 15 million tons by 2030. SourceContinue Reading

“We will continue to electrify our line-up as part of our global journey towards carbon neutrality. However, we have no further plans to announce at this time,” Nissan said in an emailed statement. The potential factory, which would be built on the existing Sunderland site, is expected to support the production of 200,000 batteries a...Continue Reading

Nigeria Inks Massive Oil Deal With Supermajors | 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 – May 26, 2021, 11:00 AM CDT Nigeria’s National Petroleum Corporation this week signed a deal with Shell,...Continue Reading

Ford’s hopes to follow in Tesla’s and GM’s footsteps and piggyback on the EV/ESG bandwagon will be tested this morning, with Ford stock spiking then sliding in jittery trade after Ford confirmed yesterday’s Reuters rumor that the company would boost spending on electric vehicles by at least 36% to $30 billion and said that 40% of Ford...Continue Reading

Abu Dhabi’s state oil firm plans to raise $1.64 billion by selling more shares in its fuel retail unit and by issuing bonds, as the emirate taps its energy wealth to attract investment. SourceContinue Reading

Royal Dutch Shell Plc was ordered by a Dutch court to slash its emissions harder and faster than planned, dealing a blow to the oil giant that could have far reaching consequences for the rest of the global fossil fuel industry. SourceContinue Reading

Oil Prices Bounce Back On Bullish Inventory Data | 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 – May 26, 2021, 9:35 AM CDT A day after the American Petroleum Institute reported a minor...Continue Reading

Analyst: Iran’s Oil To Return To Market In August At The Earliest | 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 Related News By Tsvetana Paraskova – May 26, 2021, 9:30 AM CDT If the ongoing talks...Continue Reading

Russia: Current Oil Market Deficit Is 1 Million Bpd | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – May 26, 2021, 9:00 AM CDT Russia estimates that the global oil market is currently in a deficit of around 1 million barrels per day (bpd), Deputy Prime...Continue Reading