The number of U.S. oil-producing companies filing for bankruptcy has exceeded 200 in the first quarter of 2020, and as billions of dollars in revenue have vanished amid low oil prices, thousands of workers have also lost their jobs. Due to the coronavirus, crude oil prices last month hit their …
Read More »Condensate Refineries Stymie US Anti-Iran Sanctions
Iran is in the brink of halting export of gas condensates and is instead going to process the ultra-light oil in its new refineries to produce higher-value chemicals, oil Minister Bijan Namdar Zangeneh said.
Read More »Arrival of Iranian Oil Tanker, Carrying Gasoline, to Venezuela Embarrasses US
Shipping gasoline to Venezuela embarrassed and humiliated US more than ever like pounding US’s Ain al-Assad military base in Al-Anbar Province in Baghdad.
Read More »NASA’s Next Great Leap
While it may seem like the whole world has come to a standstill, NASA is notably continuing to prep for one of the most important missions in recent memory, set to launch on the 27th of May, coinciding with the week of Memorial Day. Riding aboard a SpaceX-built Falcon 9 …
Read More »Oil, Gas Projects under Way despite Sanctions
The United States cannot bring our nation to its knees because of the plans that we will implement in 1399, after two years and a few months of severe sanctions.
Read More »US Becomes the Most Attractive Country for Renewable Energy Investment
The UK has ranked sixth on the 55th EY Renewable Energy Country Attractiveness Index.
Read More »What Negative Price Meant
On 20 April 2020, West Texas Intermediate (WTI) futures experienced unprecedented developments. WTI contract prices for delivery in May dropped to below zero.
Read More »U.S. Overtakes China as most Attractive Country for Renewables Investment
The United States has overtaken China as the most attractive country in the world for renewables investment and the global clean energy sector is expected to bounce back quickly despite the coronavirus pandemic, research showed on Tuesday. In an annual ranking of the top 40 renewable energy markets worldwide by …
Read More »Oil Market Black Monday
The novel coronavirus drastically changed the consumption patterns of hydrocarbon products across the globe.
Read More »Venezuela Is Close to Lose Its Most-Prized Oil Asset Citgo
The U.S. Supreme Court justices declined on Monday to review a federal court’s ruling that had allowed Canadian miner Crystallex to take over shares of U.S. refiner Citgo in compensation for US$1.4 billion for the expropriation of assets in Venezuela. U.S. refiner Citgo is the crown jewel in the holdings …
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