International

Ghana has officially embarked on constructing a massive $12 billion petroleum hub, a project expected to significantly enhance the country’s position in the global oil and gas industry. Located in the southwestern city of Jomoro, the hub will include a 300,000-barrel-per-day refinery, petrochemical plants, and other related infrastructure, positioning Ghana …

Russia’s Foreign Minister Sergei Lavrov has claimed that the United States issued the order for the 2022 attacks on the Nord Stream gas pipelines. On 26 September 2022, a series of underwater explosions occurred on 3 of 4 pipes of the Nord Stream 1 (NS1) and Nord Stream 2 (NS2) …

Saudi Arabia is expected to put less money into the oil industry than initially predicted in its goal to invest $1 trillion in strategic sectors by the end of the decade. The Gulf kingdom will likely direct the majority of its funds, around 73% of total investments, into non-oil sectors …

Copper, the key transition metal, hit a price of $11,000 per ton a couple of months ago. Goldman Sachs forecast it could surge all the way to $12,000 as electrification really gets going—because there are not enough copper mines. Yet, the lack of mining capacity is just one problem for …

China’s gasoline exports fell 35.7% in July from a year earlier, customs data showed on Sunday, as refiners lowered crude runs and held back from shipments due to weakening profit margins. Gasoline exports stood at 790,000 metric tons last month, or 5.77 million barrels per day, data from the General …

China is looking to win over new markets for its biodiesel and other biofuel products as its largest buyer so far, the EU, imposed on Friday anti-dumping duties on Chinese imports, analysts and executives told Reuters. The European Commission opened in December 2023 an investigation into biodiesel products originating from …

Tankers and container ships that have been avoiding the Red Sea route are set to burn additional 500,000 barrels per day (bpd) of fuel oil this year due to the longer alternative route via the Cape of Good Hope in Africa, commodity trading giant Trafigura has estimated. Since the end …

Russia is extending its ban on gasoline exports from October to the end of December 2024, as it seeks to keep domestic supply stable amid seasonal demand and scheduled repairs at refineries, the Russian government said on Wednesday. In the autumn of 2023, Russia banned exports of diesel and gasoline …

Azerbaijani officials have green-lighted the resumption of operations at a controversial gold mine following a more than year-long hiatus due to public protests over pollution concerns. Trouble at the mine near the village of Soyudlu in western Azerbaijan’s Gadabay District began in mid-2023, when its operator, Anglo Asian Mining, sought …

Last month some very clever scientists published their findings on oxygen production on the seafloor. What is astonishing is that previously we’ve believed that free oxygen in the atmosphere and dissolved in the oceans had come almost exclusively from plants performing photosynthesis. But here at the lightless abysmal depths these …