China currently accounts for 70% of global production of rare earths, controlling 90% of the $ 4 billion global market. “The government wants to know if the US may have trouble making F-35 fighter jets if China imposes an export ban,” the Financial Times reported, quoting a Chinese government adviser. The specter of export curbs arose in 2019...Continue Reading

As a result of geological exploration and production drilling conducted in 2020, Lukoil added 464 million barrels of oil equivalent to its proved reserves. The largest contribution was made by the assets in West Siberia, Ural region, Timan-Pechora and Russian sector of the Caspian Sea. SourceContinue Reading

What The Media Isn’t Telling You About Texas Blackouts | OilPrice.com Leonard Hyman & William Tilles Leonard S. Hyman is an economist and financial analyst specializing in the energy sector. He headed utility equity research at a major brokerage house and… More Info Premium Content By Leonard Hyman & William Tilles – Feb 16, 2021,...Continue Reading

The biggest provider of oil and gas rigs to the U.S. shale patch is pushing a new pricing model as speedier drilling cuts into contractors’ revenue. SourceContinue Reading

“Reduction of climate footprint is high on the agenda for our customers in the oil and gas industry. Electrification of production platforms is one of the ways to reduce emissions from such operations,” said Kjetel Digre, chief executive officer of Aker Solutions. SourceContinue Reading

Texas Freeze Raises Cost Of Charging A Tesla To $900 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Feb 16, 2021, 12:00 PM CST The electricity shortage in Texas amid the cold snap has sent spot electricity prices soaring so much that the surge in...Continue Reading

Iran said an attempt by the U.S. government to seize 2 million barrels of oil aboard a Greek-owned tanker was “an act of piracy,” as tensions between Washington and the Islamic Republic show little sign of easing under Joe Biden’s presidency. SourceContinue Reading

Norway Averts Oil Strike At Its Largest Refinery | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 16, 2021, 11:31 AM CST Representatives of a trade union and employer organization Norwegian Oil and Gas Association reached an agreement early on Tuesday, averting an oil workers’...Continue Reading

U.S. oil production has plunged by more than 2 million barrels a day as the coldest weather in 30 years brings havoc to key producing states that rarely have to deal with frigid Arctic blasts. SourceContinue Reading

Vice President Kamala Harris drew derision on social media after she told a West Virginia television station that people could be put to work reclaiming abandoned “land mines.” A day earlier, climate envoy John Kerry said during a White House briefing that displaced laborers face “better choices” making solar panels and installing wind turbines. SourceContinue Reading