Tag: oil
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Tokyo stocks edge higher in morning on solid corporate earnings
Tokyo’s stock see a slight increase
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OPEC+ Ministers Adjourn Without Deal on February Production Levels
OPEC+ ministers have adjourned without a deal on February production levels.
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Pakistan Condemns Terror Attacks on Vessels & Oil Infrastructure in Saudi Arabia
Pakistan has condemned terror attacks on vessels and oil-related infrastructure in Saudi Arabia.
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Iran Says Oil Pipeline Spillage & Fire Under Control
Iran says that the oil pipeline spillage and fire is under control.
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Explosion Starts Fire in South African Oil Refinery
An explosion has started a fire in a South African oil refinery.
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Battered by virus and oil slump, biofuels fall out of favour
London, Nov 27 (AFP/APP):Hit by the coronavirus pandemic and a sharp drop in oil prices, biofuel demand has declined for the first time in two decades and may struggle to recover, according to experts. “The collapse of oil prices has had a very negative impact on biofuels,” rendering them uncompetitive, Olivier Lemesle, director of studies…
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Switch to electric vehicles could ‘end oil era’: Analysis
Paris, Nov 20 (AFP/APP):Emerging markets switching from petrol and diesel engines to electric vehicles (EVs) could save $250 billion annually and slash expected growth in global oil demand by as much as 70 percent, an industry analysis showed Friday. As more and more nations such as China and India look to grow their electric fleet,…
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OPEC forecasts weaker oil demand in 2020-21
Paris, Nov 11 (AFP/APP):OPEC has revised down its forecasts for global crude oil demand this year and next due to the economic disruption caused by the coronavirus pandemic, its monthly report said Wednesday. In its latest estimates, OPEC expects global demand for crude oil to decline by 9.8 million barrels per day (bpd) in 2020,…
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Tunisia Strikes Deal With Protestors to Restart Oil Production
Tunisia has struck a deal with protestors to restart oil production.
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Norway Court Begins Review of Arctic Oil Licenses
A Norway Court has begun a review of Arctic Oil Licenses.