The biggest supply drop came from Saudi Arabia. which has cut supply even further below its OPEC target in a bid to reduce oil inventories.
Read More »British Gas Owner Centrica’s Chief Iain Conn to Step Down
The announcement comes as Centrica reported a pre-tax loss of £446m in the first six months of 2019.
Read More »TOTO Energy Acquires Bulk of Solarplicity’s Customers
Around 44.000 customers are being transferred to the Brighton-based energy supplier.
Read More »Iran. Iraq Strengthen Financial Ties
Iran and Iraq are bound together by centuries of economic. religious and political ties.
Read More »Russia Competes with Saudi Arabia for Asia`s Oil Market Share
For Russia. the ongoing OPEC+ production cap deal allows it a lot more flexibility that it allows Saudi Arabia.
Read More »Iran to Further Solidify Economic Infrastructures against Foreign Plots
Iran will undertake a new measure to contain foreign-backed shocks against its economy with operationalizing the long-anticipated initiative of Integrated Currency Market by mid-August.
Read More »Iran Gives Ultimatum to Pakistan on Gas Imports
A senior official at the National Iranian Gas Company (NIGC) said that the country has given an ultimatum to Pakistan to pave the ground for imports of gas from Iran as undertaken in an earlier contract.
Read More »China Continues Importing Iranian Oil in Defiance of US Sanctions
China has criticized Washington’s use of sanctions against other states.
Read More »AMP Clean Energy and the University of Birmingham to Develop Ground-Breaking Heat Storage Solution
New heat storage system will store heat in a quarter of the space of conventional systems. Businesses will be provided with cheaper heat for 20 years. Flexible generation plants which transmit the heat will be 90% efficient.
Read More »Tesla Would be Better Off Shutting Down US Solar Business
Elon Musk once called Tesla’s $2.6 billion acquisition of debt-burdened SolarCity blindingly obvious. Three years later. it’s anything but.
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