Parvin Faghfouri Azar

The Real Reason China is Buying more Oil

China has accelerated crude oil imports in March and April, but the increased purchases this spring aren’t necessarily a sign of recovering fuel demand in the world’s biggest crude importer. It’s more likely that Chinese refiners are aggressively stockpiling cheaper crude amid uncertainties about sanctioned barrels going forward, analysts say. …

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Amid oil price challenges, Aramco announces Q1 results

Saudi Aramco has reported a fall in first-quarter net income, reflecting the turbulence of global energy markets and softer oil prices. However, the state-controlled oil giant underscored its commitment to shareholder returns with an increased base dividend, even as it recalibrates its overall payout strategy for the year to align …

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Shell’s Deepwater Dreams Hit Delay in the Gulf

Shell’s plans to juice output from its deepwater Perdido development in the U.S. Gulf of Mexico just ran into a delay-shaped pothole. Two new wells intended to lift production from the Great White unit—one of the stars of the Perdido complex—won’t come online until the end of the year, the …

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Brussels must Fight to Save Nuclear Energy in Europe

The recent blackout in Spain and Portugal has reignited the debate around the closure of nuclear power plants across the European Union. Political forces such as the European Greens, alongside environmental organisations like the European Environmental Bureau (EEB) and Friends of the Earth Europe, have urged the EU to phase …

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