Under growing pressure from investors to address climate change, Exxon Mobil on Monday proposed a $100 billion project to capture the carbon emissions of big industrial plants in the Houston area and bury them deep beneath the Gulf of Mexico. Exxon, the largest U.S. oil company, wants to create a …
Read More »China’s Emissions of Ozone-Harming Gas Are Declining, Studies Find
Emissions from China of a banned gas that harms Earth’s ozone layer have sharply declined after increasing for several years, two teams of scientists said Wednesday, a sign that the Beijing government had made good on vows to crack down on illegal production of the industrial chemical. The findings ease …
Read More »Oil Industry Expresses Concern, Not Alarm, About Biden Comments
Joseph R. Biden Jr.’s promise that he would “transition” the country away from oil and natural gas might hurt him politically in Texas and Pennsylvania, but it did not come as a surprise to many in the energy industry. Oil and gas executives have been keenly aware that the world …
Read More »OPEC and Russia May Ease Oil Production Cuts
Saudi Arabia, the world’s largest oil exporter, and other major oil-producing countries are likely to increase their output in August, as coronavirus lockdowns ease and demand begins to rise again. The Organization of the Petroleum Exporting Countries, Russia and other producers are expected to modestly ease the record production cuts …
Read More »Trump`s New NAFTA Deal
Both the Mexicans and the Americans have been eager to reach a fully revised deal by the end of August.
Read More »Trump: Germany is Russia`s Captive
The EU has suffered considerable economic losses due to the US-led push to block trade with Russia since 2014.
Read More »OPEC Members Increase Oil Production to Cool Down Rising Prices
The major producers appear to have consumers’ interests in mind more than they have in the past.
Read More »Trump Pushes for Saudi Aramco I.P.O. in U.S.
The N.Y.S.E. has competed fiercely against foreign rivals. particularly the London Stock Exchange. for the privilege.
Read More »Nuclear Scientists Urge US Congress to Preserve Iran Deal
Trump has railed against the 2015 agreement. negotiated under his predecessor Barack Obama. describing it as a giveaway to Iran.
Read More »Are the Days of Low Oil Prices Receding?
Oil prices recently have become more sensitive to supply threats. such as the situation in Kirkuk.
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