US oil giant said it would continue to execute plans to reduce operating costs by more than $1bn by the end of the year.
Read More »US Merely Claims Sanctions Do not Include Humanitarian Items
Stating that the US only claims that sanctions do not include humanitarian aids, Iran's Ambassador and Permanent Representative to the United Nations Majid Takht-Ravanchi said that it is useless to just repeat this claim; a major problem is banking sanctions.
Read More »US not to Release Assets to Iran Amid Coronavirus Outbreak
The US State Department shot down reports Trump administration will grant waivers to aid Iran's coronavirus relief effort.
Read More »US not to Release Assets to Iran amid Coronavirus Outbreak
The US State Department shot down reports Trump administration will grant waivers to aid Iran’s coronavirus relief effort. The US State Department shot down “inaccurate” reports claiming the Trump administration would soon be granting special sanctions exceptions to give Iran access to cash assets as it struggles to fight the …
Read More »World’s Wind Power Capacity up by Fifth after Record Year
The Global Wind Energy Council found that wind power capacity grew by 60.4 gigawatts, or 19%, compared with 2018, in one of the strongest years on record for the global wind power industry. The growth was powered by a record year for offshore wind, which grew by 6.1GW to make …
Read More »Russia’s Move in European Gas Markets
Russia sees a silver lining in the oil price collapse—it now believes that the oil price war will help it win the war for natural gas market share in Europe. Russia’s gas giant Gazprom, the single largest supplier of natural gas to Europe, has watched with apprehension the growing volumes …
Read More »The U.S. Is Becoming the World’s Largest Oil and Natural Gas Exporter
Amid a thunderstorm of horrifically sad COVID-19 news, I wanted to focus on an energy story to lift your spirits. We all realize that energy markets are such an afterthought right now, but I wanted to give you something. Remember Red, hope is a good thing, maybe the best of …
Read More »US-Saudi Alliance One of ‘Many Ideas’ Being Discussed
Forging an oil alliance between the United States and OPEC’s top producer Saudi Arabia is one of “many, many ideas” being floated by US policymakers but it is uncertain whether it will become a formal proposal, the US energy secretary told Bloomberg TV on Monday. “I don’t know that that’s …
Read More »Poland to Supply US Gas to Ukraine
Poland will transport 6 to 8 billion cubic meters of American liquefied natural gas (LNG) per year to Ukraine in a deal that will help reduce Ukraine’s dependence on Russian gas. The deal should begin delivering the required natural gas in two to three years but much depends on the …
Read More »US Firm NextEra Energy Commits $1.5m to Support People Affected by the Coronavirus
The clean energy company, which operates in 45 states, says will support the most vulnerable members of our communities.
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