UK Carmakers Retool Production Lines for Electric Vehicles | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Jul 27, 2024, 12:00 PM CDT UK car production decreased...Continue Reading

African Countries Shift to Gold As Dollar Doubts Grow | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jul 27, 2024, 10:00 AM CDT African countries are turning to gold to protect against currency losses and hedge geopolitical risks. Countries like Nigeria, Uganda,...Continue Reading

U.S. is Facing a Major Energy Crunch Due to AI’s Insatiable Demand | OilPrice.com Haley Zaremba Haley Zaremba is a writer and journalist based in Mexico City. She has extensive experience writing and editing environmental features, travel pieces, local news in the… More Info Premium Content By Haley Zaremba – Jul 26, 2024, 6:00 PM CDT...Continue Reading

What Are America’s Cheapest Energy Sources? | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jul 26, 2024, 4:00 PM CDT Renewable energy sources, especially onshore wind and solar power, are becoming increasingly cost-effective, even without subsidies. Fossil fuel energy options, such as...Continue Reading

By RFE/RL staff – Jul 26, 2024, 2:00 PM CDT The EU has transferred €1.5 billion to Ukraine, using proceeds from frozen Russian assets. This move is part of a larger Western effort to support Ukraine financially and pressure Russia. Russia has vowed to respond to the EU’s actions, though specifics are not yet clear....Continue Reading

Nigeria’s Dangote Refinery Reselling Imported Crude Oil | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Jul 26, 2024, 1:00 PM CDT Nigeria’s largest refinery, the Dangote Petroleum Refinery, is reselling crude...Continue Reading

Baker Hughes Co. lowered its expectations for U.S. shale activity, saying an anticipated recovery in oil drilling is no longer likely this year. SourceContinue Reading

TotalEnergies has sold its stake in 18 Nigerian onshore oil mining licenses to Mauritius-based Chappal Energies. This sale reflects a broader trend where junior and independent explorers, along with African national oil companies are increasingly acquiring onshore assets as global majors shift their focus to offshore projects. SourceContinue Reading

Zephyr Energy plc has released initial results from the State 36-2R well at its Paradox Basin project in Utah. The early production test shows promising outcomes for the well, which was evaluated at various rates and choke settings. SourceContinue Reading

Oil Rig Count Jumps as Drilling Activity Picks Up | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Premium Content By Julianne Geiger – Jul 26, 2024, 12:08 PM CDT The total number of active drilling rigs for...Continue Reading