Tag Archives: The Star Online

German Chancellor Olaf Scholz has ordered the country’s three remaining nuclear power stations to keep operating until mid-April, as the energy crisis sparked by Russia’s invasion of Ukraine hurts the economy. Originally Germany planned to phase out all three by the end of this year. Mr Scholz’s order overruled the …

Russian President Vladimir Putin has ordered his defence troops to put nuclear weapons on high alert as he claims the US and her allies are advancing in an ‘unfriendly’ way. This is according to a New York Times Monday briefing. His remarks come after Ukrainian President Volodymyr Zelensky announced that …

The Covid-19 pandemic has led to the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year, the International Energy Agency says in a new report. “The unparalleled decline is staggering in both its scale and swiftness, with serious potential implications …

There were no talks underway to change the global output deal.

Vietnam and China have long been locked in a maritime disagreement over the resource-rich waters of the South China Sea.

The cuts have been supported by some non-OPEC producers. most notably Russia.

Libya is a significant supplier of oil to Europe. producing around 1.1 million barrels per day (bpd) of crude in March.

China and the U.S. would lead healthy global demand for oil this year.

Soft and volatile crude prices at the start of 2019 led most companies to cut capital investment budgets.

Venezuelan production will decline by an additional 300.000-500.000 barrels per day (bpd) this year.