Oil & Gas
News & Press Releases
Aramco Expanding Namaat With 55 MoUs And Collaborations
A huge expansion of the Namaat industrial investment strategies has been announced by the Saudi Arabian Oil Company (Aramco), with 55 agreements and Memorandum of Understanding covering the sustainability, digital, manufacturing, industrial, and social innovation sectors.
Namaat, which has increased...
News & Press Releases
Germany Braces For Hybrid War As Russia Cuts Gas To Europe
German Foreign Minister Annalena Baerbock declared in the last week of June that her nation was engaged in a hybrid war as the energy situation in Europe was made worse by Russia's fight in Ukraine. Baerbock said at a...
News & Press Releases
U.S. Stocks May Fall In Earning Time Due To High Energy Cost
High oil costs present yet another barrier to U.S. business earnings, and a few on Wall Street are concerned that this could further depress stock prices. Due to low supply, increased demand, and the conflict in Ukraine, Brent crude...
News & Press Releases
China, India may be buying more Russian Oil than US thought
According to one of President Joe Biden's economic advisers, China and India may be purchasing more Russian oil than the US previously thought, lessening a supply shortage on the world market and possibly causing the current price drop. With...
News & Press Releases
Well Above Normal Profits Not Acceptable For Refiners- Biden
President Joe Biden called on U.S. oil refining businesses to increase production on June 15th, saying that customers should not be burdened by high costs. Historically large refinery profits being transferred directly to the American people are not appropriate...
News & Press Releases
Next Year, Oil Output Is Expected To Fall Behind Demand
Following 3 years of COVID-19 lockdowns and the economic catastrophe of the Ukraine crisis, global oil demand will surge above pre-pandemic levels next year, according to the International Energy Agency. China will drive much of the demand growth next...
News & Press Releases
Funding for Fuel Relief from the Central American Development Bank totals $800 million
On June 3, a Central American development bank announced that it had authorised an $800 million credit to protect local countries against global fuel price increases, which were triggered in part by Russia's invasion of Ukraine. As a result...
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