The borrowing plan underscores how badly Persian Gulf countries were impacted by the drop in crude prices last year as the coronavirus pandemic spread and energy demand plunged. SourceContinue Reading
Yemen’s Iran-backed Houthi rebels are ready for an “honorable peace” but Saudi Arabia must end its attacks and lift its siege, group leader Abdul Malik al-Houthi said on Thursday. SourceContinue Reading
There’s growing alarm in Canberra over what’s expected to be Australia’s inevitable increased dependence on foreign petroleum amid a major influx of cheaper refined oil products from China. It comes as China’s crude oil refinery capacity is rapidly expanding and simultaneously Australia is about to see its last four refineries cut down by two, given the recent announced closures of an...Continue Reading
The decision means Canada’s most ambitious environmental policy to date, which would see the baseline price on carbon rise to C$170 ($135) per metric ton by 2030, will stand. SourceContinue Reading
Customers Can Now Buy Tesla With Bitcoin | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 25, 2021, 10:30 AM CDT Tesla has started accepting bitcoin, Elon Musk said on Wednesday, fulfilling a promise from last month when the U.S. electric vehicle (EV) maker invested...Continue Reading
Most Hydrogen Is A “Climate Killer”: Enel Executive | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Mar 25, 2021, 10:00 AM CDT “Today, hydrogen is anything but clean. That 98% produced today is an industrial feedstock. Just 2% is produced from electrolysis,” said Enel Green...Continue Reading
Gas Pipeline Explosion Cuts Venezuela Oil Production By 30,000 Bpd | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 25, 2021, 9:30 AM CDT A burst natural gas pipeline in Venezuela has forced PDVSA to cut light crude oil production by 30,000 bpd, Reuters has...Continue Reading
Noble Corporation and Pacific Drilling Company have entered into a definitive merger agreement under which Noble will acquire Pacific Drilling in an all-stock transaction. SourceContinue Reading
Tenaris is scaling up industrial activity at its Conroe, Texas plant, adding about 140 employees onboard to support the facility’s ramp up, which includes a $600,000 investment in IT and automation infrastructure. SourceContinue Reading
Goldman Sachs: EV Producers Grapple With Rising Battery Costs | 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 25, 2021, 9:00 AM CDT Rising demand for battery metals and minerals will lead...Continue Reading
