Canada became the latest country to approve a Covid vaccine and Chicago said it will offer inoculations free of charge to all adults next year. These helped traders on Thursday dismiss the second-biggest increase ever in U.S. crude inventories. SourceContinue Reading
Transportation-related CO2 emissions fell to 102 million metric tons in April 2020, the lowest monthly level since February 1983. SourceContinue Reading
OPEC’s third-largest oil producer and Israel held their first natural gas and petroleum working group meeting, UAE’s state-run WAM news agency reported on Thursday. SourceContinue Reading
Oil has chopped around nine-month highs this week as the market holds out for an upcoming vaccine rollout to spur another leg of demand recovery. Before then, worries about the pace of the demand recovery continue to weigh on sentiment as governments reimpose restrictions to fight off the virus’s spread. SourceContinue Reading
Non-metallic products are being deployed in a variety of industries, from the oil and gas sector to automotive, building and construction, packaging and renewables. In addition to being more sustainable, these advanced materials make them lighter than their conventional counterparts and resistant to corrosion. SourceContinue Reading
The province’s economy is expected to contract 8.1% this year, the most on record, because of virus restrictions and the downturn in oil prices. Home of the world’s third-largest crude reserves, outbreaks have happened at at least seven oil-sands sites in the north of the province. SourceContinue Reading
Government-owned Abu Dhabi National Oil Co. picked Occidental to explore for oil and natural gas at a block in the desert along the UAE’s border with Oman, ADNOC said Wednesday in a statement. The block is adjacent to an exploration area that ADNOC awarded to Occidental last year. SourceContinue Reading
Brazil’s surge in oil demand is a welcome development for a global market that’s been forced to push back expectations for when energy demand might get back to pre-virus levels. SourceContinue Reading
A survey of Norwegians in November showed that only 36% were favorable about onshore wind as an energy source, down from as much as 84% in 2011. Oil’s popularity has increased to 29% from just 16% five years ago. SourceContinue Reading
The deal is the latest example of China, via state-controlled trading companies and banks, lending to struggling oil producers such as Angola, Venezuela and Ecuador, with repayment in the form of oil barrels rather than cash. SourceContinue Reading
