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 …
Read More »Iran Vows Retaliation in Case Its Oil Tankers Seized by US
Iranian Foreign Ministry Spokesman Abbas Mousavi condemned the US’ threats against free trade, warning that any seizure of Iranian tankers will be retaliated. “Free trade between independent states is legitimate, and what is illegal is interference in these relations and the US is standing at the forefront of that. Trump’s …
Read More »US Oil Futures Rise Above $30 for the First Time in Two Months
US futures surged past $30 per barrel for the first time in two months as OPEC+ output cuts and production shut-ins among independent producers rebalanced a market hit hard by the coronavirus pandemic. West Texas Intermediate, the key US gauge, was up 4.52 per cent at $30.76 per barrel. Brent, …
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