Oil & Gas
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...
News & Press Releases
Partial Embargo On Russian Crude By EU Will Not Worry Moscow
Shortly after the world's largest trading bloc agreed to put a partial embargo on Russian crude, Moscow committed to finding new importers. The European Union announced recently that most Russian oil imports will be banned by the end of the...
News & Press Releases
Search For Russian Gas Alternatives By Europe Hits Hurdles
Europe is facing stumbling blocks in its potential alternative to Russian gas in the Middle East and North Africa, as negotiations with major suppliers such as Qatar, Algeria, and Libya have proven tough. Negotiations have been hindered by reasons...
News & Press Releases
Biogaz du Haut-Geer Chooses Cat Dealer Eneria to Double Cogeneration Capabilities and Expand Sustainability Benefits for Belgian Biogas Energy Facility
Caterpillar Inc. announced that Biogaz du Haut-Geer, a utility cooperative in eastern Belgium, has selected Cat® dealer Eneria to double its cogeneration capabilities and expand the sustainability benefits of its biogas energy facility in Geer.
Eneria will design, install and...
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