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Crude Oil

Oil Majors May Be Forced To Cut Crude Output In Nigeria

The new OPEC+ production cut deal to remove a total of 9.7 million bpd from the market in May and June enters into force on May 1.

Crude Oil

Saudi Arabia Starts Production Cuts Ahead Of OPEC+ Deal

Oil prices plummeted again on Monday, with WTI Crude crashing by 23 percent to just $13 a barrel at 2:30 p.m. EDT.

Oil Price

Trump Could Use ‘Nuclear Option’ To Make Saudi Arabia Pay For Oil War

President Donald Trump is considering all options available to him to make the Saudis pay for the oil price war as the crash that followed has done significant …

Crude Oil

Petrobras Reverses Production Cuts as Fuel Demand Beats Expectations

Petrobras has cancelled most of the cuts it had announced.

Invited for Providing Industrial Transformers and Electric Wires

Tender are Invited for Providing Industrial Transformers and Electric Wires (Electric and Permanent).

Coal-Fired Power Plants

Sweden Shutters Last Coal-Fired Generating Plant 2 Years Early

It’s good news when a nation makes plans to rid itself of electricity generated from burning coal. It’s even better news when it does so ahead of schedule.

Wind Farm

Greencoat UK Wind Agrees to Buy Subsidy-Free Wind Farm in Scotland

The headline consideration of £320mln will be due when the wind farm commences operation, which is scheduled for early 2023.

Oil & Gas Trade

Iran's Petrochem Revenues to Drop by 30 Pct over COVID-19

Iran's revenues from exports of petrochemical products will decrease by nearly one third as the novel coronavirus pandemic has posed an adverse effect on the in…

Oil & Gas Trade

Russia’s Energy Ministry Expects Gradual Revival in Oil Demand in Second Half of Year

Minister Alexander Novak said before it happens oil producing countries should avoid filling of oil storage facilities to the full and prevent a market collapse…

Coal Production

NLC India Begins Coal Production in Odisha

"NLC India Ltd's Talabira-II and III Opencast Coal Mine in Odisha having normative capacity of 20MTPA commenced coal production on Sunday," the Tamil Nadu-based…

Electric Car

Vattenfall and Hyundai Boost Electric Driving Together

In a new partnership, Vattenfall and Hyundai make it possible for Dutch customers to purchase a future-proof charging point and charge card from Vattenfall.

Coal Production

Coal India's April Average Daily Output Down 11.3% year-on-year

Daily coal production in India halved in April from march.

Coal Trade

Berkshire, AIG Urged by NYC's Comptroller to Divest from Coal

Continuing to invest in coal projects will only bring greater financial risks, potential liabilities and future cost burdens.

Oil & Gas Trade

Refined Oil Product Freight Rates Nearly Double in a Week

Refined oil tanker rates surged this week to their highest level in 11 years.

Market Analysis

Uncapping Germany’s 1 TW of PV potential

EuPD Research has conducted a survey showing that potential investors see Germany’s 52 GW cap for solar incentives in the residential segment as the main barri…