Biden slammed Trump’s move to open up more oil in the Arctic

A polar bear and two cubs appear on the shores of Boffort Beach in the 1002 Arctic National Wildlife Refuge. American Fish and Wildlife Service | Reuters The Biden administration on Monday revoked the Trump administration’s plan to lease more than two-thirds of the country’s largest public land for oil and gas exploration. The decision … Read more

Oil prices are set at a 4% weekly discount on demand concerns

Pit Jack Jackets operated by Chevron Corporation in San Ardo, California, USA, Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Despite EU sanctions on Russian oil, oil prices continued to plummet on Friday, falling to 4% weekly and rising prices, weakening global growth and weakening demand for Covi-19 locks in China. … Read more

Since 2008, Russia’s war has boosted energy markets, pushing natural gas to higher levels

Liquid Natural Gas (LNG) Storage at LNG Terminal, LNG Croatia LLC operated by Krk, Croatia, Monday, January 25, 2021. Petar Santini | Bloomberg | Getty Images U.S. natural gas prices rose sharply on Monday for more than 13 years, as Russia’s war on Ukraine sparked a global power crisis and the autumn heat is expected … Read more

Protests force Libyan national oil company to close al-Fil field

National Oil Corporation was forced to suspend production after unidentified protesters entered the Al-Fil oil refinery. The Libyan National Oil Corporation (NOC) has announced that it will stop production at a major oil refinery in the southern part of the country, declaring “power majeure” due to protests at the station. Al-Phil Field, 750 km (466 … Read more

Brent crude oil falls below $ 100 due to panic in China locks

On July 8, 2021, as seen in the north of Bakersfield, California, oil extraction equipment is located near a vineyard. George Rose | Getty Images Oil prices have plummeted in China for the past two weeks, with prices falling sharply. International Benchmark Brent crude fell 4.2 percent or $ 4.31 a barrel to $ 98.47. … Read more

Global Oil Flow Operations Industry until 2031

Oil Downstream Activities Global Market Report 2022, by Type, Framework, Application Report has been added to ResearchAndMarkets.com. This report provides important information to strategists, marketers and senior executives to evaluate the global hydraulic unit market. Global oil basin market activity is expected to grow by $ 21,523 billion by 2021 from $ 2,538.57 billion to … Read more

The role of natural gas in the Russia-Ukraine conflict

Natural gas is one of the products of Russia’s invasion of Ukraine. According to the TTF Center in the Netherlands, the European benchmark for natural gas trade has more than tripled between February 16 and March 7 before pulling back. However, despite being the center of Europe’s largest military conflict since World War II, Russian … Read more

The United Kingdom has targeted additional nuclear, wind, and fossil fuels for energy security.

Along with the increase in nuclear power, the British Energy Safety Strategy is up to 50 GW of wind and 10 GW of hydrogen – half of what is called green hydrogen – by 2030. Christopher Furlong | Getty Images News | Getty Images The UK government has unveiled details of its long-awaited “bold” energy … Read more

Russia hits major Ukrainian oil facilities in Odessa and Crimea.

Russian missiles hit refineries near the Ukrainian port of Odessa and in the central Poltava region of Crimea. Russian officials have destroyed “critical infrastructure”, especially oil facilities, near the key port city of Odessa, destroying Russian oil refineries in the central Poltava region, local officials say. Kremlinchuk, 150 km (150 miles) southeast of Kiev, had … Read more

Oil prices fall sharply as countries agree to touch stocks.

Both Brent and American dairy products are around 13 percent. Oil prices plummeted Friday as members of the International Energy Agency agreed to join the largest oil reserves in the United States. After US President Joe Biden announced his resignation on Thursday, both Brent and U.S. crude measures were down 13 percent. Brent crude futures … Read more