The 24-member OPEC and non-OPEC alliance decided last year to cut production by 1.2 million barrels per day (bpd) from January 2019.
Read More »US is Close to Overtake Saudi Arabia as the World`s Top Oil Exporter
Oil demand growth will be ``significantly higher`` helped by a comparatively low base in the second half of 2018.
Read More »Envoy Calls on India to Resume Iranian Oil Imports
Iranian Ambassador to India Ali Chegeni called on the Indian government to resume importing Iranian oil. noting that sanctions against the country are imposed unilaterally by the United States not by the United Nations.
Read More »BP to Use Drones and Thermal Imaging to Monitor Methane Emissions
The project is ultimately aimed at delivering and improving on BP’s methane intensity target of 0.2% from its upstream operations.
Read More »Novak Confident New Saudi Counterpart Will Boost Bilateral Ties
Russia highly appreciated the existing dialogue between Moscow and Riyadh and was committed to continuing to develop bilateral cooperation.
Read More »Government Announces More Than Half a Billion Pounds of Low Carbon Funding
Around £400 million of this is dedicated to boosting electric vehicle charging infrastructure across the UK.
Read More »Could Car Parks Be the Electric Mobility Centres of the Future?
German energy firm innogy and car park operator APCOA think so – they have signed a declaration of intent to jointly develop relevant solutions.
Read More »UK’s Grid System Protection Operated as Designed During August Power Cuts
National Grid ESO has published its final technical report into the power outages of Friday 9th August.
Read More »Maximeyes Buys Significant Stake in UK Battery Storage Company
PureDrive Energy is developing a software aimed at unlocking greater revenue for home batteries by using machine learning to predict household load and generation.
Read More »Utilita Energy to Take on Customers of Failed Supplier Eversmart Energy
The latter company was the fifth supplier to cease trading this year.
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