Tag Archives: United States of America

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 …

The novel coronavirus drastically changed the consumption patterns of hydrocarbon products across the globe.

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 …

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 …

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, …

U.S.’s natural gas consumption is set to decline 4% this year to an average of 81.7 billion cubic feet per day (Bcf/d), the Energy Information Administration said in its May Short-Term Energy Outlook (STEO) last week. The drop reflects mainly a 7.1% decrease in gas demand from the industrial sector, …

Under the project, three new wind facilities could generate savings of $2 billion in the course of their lifetime.

In brokering the end to the global oil-price war last month, the Trump administration assured leaders that America’s shale patch would throttle back production. But few expected that the cuts would run this deep — and happen so quickly. Drillers are laying down rigs and shutting in wells at a …

Saudi Arabia and the UAE introduced the five percent Value Added Tax (VAT) in January of 2018, a first for the Persian Gulf region which had long prided itself on its tax-free, cradle-to-grave welfare system. On the same day, Saudi Arabia announced a petrol price hike of 127 percent.

Iranian Government Spokesman Ali Rabiei said that trade volume exchange between Islamic Republic of Iran and Venezuela, as two independent countries in the world, has nothing to do with anyone else, and the Islamic Republic of Iran will not hesitate to sell its oil.