Russian President Vladimir Putin is not planning any contacts with OPEC+ partners for the time being, but they can be quickly arranged if necessary, Kremlin spokesman Dmitry Peskov told reporters on Thursday. “So far no contacts have been planned. However, if necessary, they will be immediately arranged,” he said. Commenting …
Read More »OPEC+ Technical Committee Meeting Canceled
The meeting of the OPEC+ Joint Technical Committee (JTC) scheduled for March 18 is canceled, a source in one of the delegations told TASS on Thursday. “JTC meeting will not be held,” the source said. Saudi Arabia earlier refused to participate in the Committee’s meeting.
Read More »Abu Dhabi Plans Big Oil Output Boost to Join the Price War
Abu Dhabi National Oil Co. will boost crude supply to more than 4 million barrels a day next month as the United Arab Emirates joins a battle for market share triggered by Saudi Arabia and Russia.
Read More »Coronavirus Crisis has Severe Impact on Global Energy and Oil Markets
Global oil demand in 2020 will be down around 90,000 barrels a day from 2019, according to the latest report from International Energy Agency.
Read More »EIB Funds Dutch Homes with €150m Energy Efficiency Loans
Loans of up to €25,000 per household will be offered to homeowners who want to reduce their energy bills.
Read More »Anglian Water to Install 11.6MW Solar Array to Meet 2030 Net Zero Goal
Nearly 42,000 solar panels will generate enough electricity to power 3,000 houses.
Read More »IAEA Main Weaknesses Relying on Information Provided by Its Member States
Marc Finaud, the former French Foreign Ministry spokesman, says that one of the main weaknesses of the Agency is not to have any means of collecting its own intelligence and relying on the information provided by its member states.
Read More »Oil Prices Leap 8% on Stimulus Expectations
Oil prices bounced 8 per cent on Tuesday from the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus amid a price war between Russia and Saudi Arabia and as new virus cases slowed in China. President Donald Trump on Monday said he will …
Read More »Amazon to Expand Same-Day Deliveries in Bid to Be Net Zero by 2040
The online retail giant suggests the same-day business model reduces the requirement for air freight and long delivery van journeys.
Read More »OPEC’s Failure Impacts Every Corner of the Global Oil Market
The OPEC+ alliance’s dramatic failure to reach an output deal is most obviously being felt in oil futures, which plunged the most since 2008 in London. A look at the less-conspicuous corners of the market reveal the scale of the impact. The potential collapse of the group led by Saudi …
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