Saudi Arabia is going to sign contracts with 12 American companies on the upcoming Saturday (20 May) during the official visit of President Donald Trump,
Category: Energy
Market Update: Another 9 Months of Oil Production Freeze Approved
Saudi Arabia and non-OPEC Russia have decided to extend production cuts by another 9 months till March 2018 with the aim to tame the global
EU Re-Labels Canada’s Highly Polluting Oil from Sand Tar
The European Union has changed its classification of the fuel, which is good news for Canada’s crude extracted from tar sands – a bigger pollutant
Market Update: Oil Prices Rebound With $50 Once Again Becoming Ceiling
Oil prices rebound from five-month lows, following a week of major losses around the world, as investors are still worried about overflowing crude inventories. Even
The Soviet Legacy: Russia to Secure Cuba’s Energy Needs, Raising US Concerns
Russia has started exporting oil to Cuba for the first time this century to make up for the declining shippings from the crisis-ridden Venezuela. A
Powering the MENA Region: North Africa Running Out of Electricity
North Africa is slowly running out of electricity due to rapidly growing population and the fast-paced industrial and economic expansion. Analysts predict that this could
No Exception for Exxon to Drill in Russia as OPEC Extends Output Freeze
The Organization for Petroleum Exporting Countries (OPEC) has decided in favor of an oil output freeze extension. The cartel would extend the global deal to
Exxon Seeks Waiver from US Sanctions to Drill in the Black Sea
The American energy giant Exxon Mobil is trying to get a waiver from the US Treasury Department from the sanctions on Russia in a bid
Undaunted by the Oil Bust, American Shale Sector Attracts Investors
In the first quarter of this year, private equity funds raised almost $20 billion for ventures in the US energy sector – almost three times
Trump’s Big Move on Controversial Keystone Pipeline: Production Set to Start in Mid-May
The controversial Dakota Access Pipeline, a 1,886-km underground oil pipeline from North Dakota travelling south-east through South Dakota and Iowa to Illinois, will start interstate