No single form of energy can currently meet expected future energy demand; instead, an “all-peoples, all-fuels and all-technologies” approach is required, said OPEC Secretary General Haitham Al Ghais, Trend reports. “As such, OPEC member countries are ready, willing and able to provide the affordable energy needed to cater towards these …
Read More »EIA: Iraqi Oil Exports to U.S. Declined Last Week
Iraq, OPEC’s second largest exporter, has had its crude oil supplies to the US, the world’s second largest importer, decreased, data by the Energy Information Administration (EIA) showed this weekend. In the span of a week, the volume dwindled from 283,000 barrels daily to a mere 232,000 barrels — a …
Read More »North Korea Launches 2 Long-Range Cruise Missiles as Part of ‘Tactical Nuclear Attack’ Drill
North Korea launched two long-range cruise missiles on early Saturday as part of a “tactical nuclear strike drill,” the country’s state media reported on Sunday. Latest in a string of missile tests, the launch came two days after the US and South Korea wrapped up their 11-day joint military exercise, …
Read More »Air Traffic Chaos Exposes Crisis in the Skies
“Looks like I picked the wrong week to give up drinking”, says Lloyd Bridges’ wizened air traffic controller Steve McCroskey in the 1980 disaster satire Airplane. You’d imagine National Air Traffic Services (NATS) chief exec Martin Rolfe is probably in need of a stiff drink after this week’s air travel …
Read More »New Data Proves Nuclear Energy is Safer than You Think
There is now a concerted effort to change the global public perception of nuclear power, as governments worldwide look to rapidly expand their clean energy sources to achieve a green transition. Nuclear power has come on a long journey, from widely popular to demonised and back again. But many people …
Read More »Global Energy Slump Impacts Qatar’s Post-World Cup Finances
Lower oil and gas prices this year and the end of last year’s massive spending before and during the World Cup have slowed down the economic growth in Qatar, one of the world’s top liquefied natural gas exporters, which is currently building the biggest LNG expansion project in history. Qatar …
Read More »India’s Imports of Russian Oil Fall to Seven-Month Low in August
India’s import of cheap Russian oil plunged to lowest in seven months in August as monsoon rains dampened demand, industry data showed. The world’s third largest oil consumer reduced imports from Russia for a third consecutive month in August. It took 1.46 million barrels a day from Russia in August, …
Read More »Iraq Increases Discounted Oil Sales to Jordan in August
Iraq’s State Oil Marketing Organization (SOMO) has reported a rise in its exports to Jordan for August, with the price of a barrel standing at $70.22. With this price tag, Iraq has offered Jordan a discount of $13.13 per barrel, given that the official selling rate declared by Iraq’s Ministry …
Read More »Iran’s Oil Output Capacity Increases 40% in 2 Years
Iran’s oil minister said Iran’s oil production capacity has increased 40 percent with the rise in investment in semi-finished oil projects. Since the beginning of the administration of President Ebrahim Raisi (August 2021), increasing investment opportunities in the oil industry’s projects has been prioritized as one of the key factors …
Read More »OPEC’s Crude Oil Production Rose Slightly in August
Crude oil production from the OPEC alliance actually climbed in August by 40,000 bpd, according to a new survey published by Bloomberg on Friday. Saudi Arabia’s output may have fallen in August by 170,000 bpd, according to the survey, but Nigeria and Iran’s production increased, largely offsetting Saudi Arabia’s cuts. …
Read More »