Fears of a global economic slowdown could be behind the rare move.
Read More »U.S. And OPEC Add Huge Volumes of New Supply to Soften Oil Market
The 15 countries in OPEC produced an average 33.31 million barrels per day in October.
Read More »There’s Enough Oil to Offset Iran Loss
A month later. Russia’s production alone hit another post-Soviet record of 11.41 million bpd.
Read More »A solar cell that does double duty for renewable energy
Researchers have developed an artificial photosynthesis device that turns sunlight and water into two types of energy - hydrogen fuel and electricity.
Read More »Egyptian Intel Is Big Gainer From Israeli Gas Deal. Report Says
The Egyptian intelligence service is slated to receive 80 percent of the income from East Gas.
Read More »OPEC’s Output Highest since 2016
OPEC agreed in June to pump more oil after pressure from U.S. President Donald Trump to curb rising prices.
Read More »US agrees to grant India waiver from Iran sanctions
The US has broadly agreed to grant India a waiver from Iran sanctions after the Indian side decided to cut oil imports from Tehran by about a third in 2018-19.
Read More »OPEC. Indispensable Organ of Stability in Oil Market
There are ongoing transformations at the level of OPEC’s member countries.
Read More »IEA Cautions Nigeria. other Producers against over-Dependence on Oil
There is a great need for oil and gas nations to diversify their economy.
Read More »Population without access to electricity falls below 1 billion
Many countries in Asia including India. Bangladesh and Indonesia have made great progress in providing access to electricity. but others lag behind.
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