Tag Archives: International

In addition to the great consequences for human health, the pandemic has led to serious socio-economic shocks in most countries of the world, including in the Arab countries, Minister of Energy of Algeria Abdelmadjid Attar said RABAT, December 14. /TASS/. An extremely difficult situation has developed in the global economy …

Oil advanced on Thursday as Britain starts vaccinating its residents and United states approval of the vaccine. US West Texas Intermediate (WTI) crude futures rose 25 cents, or 0.6%, to $45.77 a barrel at 05:00 GMT, while Brent crude futures climbed 22 cents, or 0.5%, to $49.08 a barrel. Prices …

Oil prices inched higher on Wednesday, paring earlier losses, as positive news on COVID-19 vaccines lifted investor hopes for a recovery in fuel demand, outweighing concerns over an unexpected jump in U.S. oil inventories last week. Brent crude futures rose 11 cents, or 0.2%, to $48.95 a barrel by 0746 …

Global demand for petrochemical products is expected to grow by about 4% annually, while the demand for oil will grow only by 1%, Russian President Vladimir Putin This announced on Tuesday. He was speaking at a meeting for the strategic development of the petrochemical industry. “By the way, this is …

Crude oil prices fell on Monday amid investor jitters ahead of a meeting of producer group OPEC+ to decide whether to extend large output cuts to balance global markets, but vaccine hopes helped keep them on track to rise more than a fifth in November. January Brent crude futures, which …

Over the past month the oil industry — which some had declared dead after the crushing losses earlier in the year — has gone on an impressive rally. ExxonMobil shares are up 27% in one month. Chevron has risen 37%. Royal Dutch Shell shares are up 60%. ConocoPhillips is up …

Oil advanced on Wednesday as market ignored the rise of US crude stockpiles above expectations due to optimism of COVID-19 vaccine, this is its fourth straight session gain. Brent crude was up 38 cents, or 0.8%, at $48.24 a barrel by 06:16 GMT it rose by almost 4% in the …

Baker Hughes reported on Friday that the number of oil rigs in the United States fell by 5 to 231, ending eight weeks of increases to oil rigs in the U.S. The total number of active oil and gas rigs decreased for the week by 2, with oil rigs decreasing …

In the not-so-distant past, renewable energy and fossil fuel divestment were part of an idealistic, pie in the sky approach to transforming the energy sector which, for all of its positive attributes, simply didn’t make a lot of financial sense. In a world awash with cheap shale and natural gas …

The U.S. oilfield services sector added more than 6,400 new jobs last month. in the latest sign that things are beginning to look up for the embattled industry. There has even been some M&A activity, too, namely Schlumberger’s offloading of its shale oil business to Liberty Oilfield Services in September. …