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Canada Oil Industry Needs $51 Billion to Decarbonize
Canada’s oil sands producers would need investments amounting to some US$51 billion (C$65 billion) to be able to reduce its emissions footprint while increas…
Russia’s Oil Industry Is Suffering as the West Shuns Its Crude
Russia’s economically critical oil industry is getting battered as Western buyers shun the country’s crude.
Russia’s Oil Exports Are Plunging Even Without Sanctions
While Western leaders are yet to put any sanctions on Russia’s energy exports, the country’s oil industry is already struggling as international refiners are …
OPEC Chief: Oil Industry “Under Siege”
OPEC Secretary General Mohammad Barkindo: oil industry is under siege by climate campaigners.
Japan to Subsidize Oil Wholesalers for 1st Time to Curb Fuel Price
Japan's industry minister Koichi Hagiuda said Tuesday the government will implement for the first time its oil industry subsidy program, which is aimed at curbi…
Russia Says OPEC+ Deal Brings Investment Back To Oil Industry
The OPEC+ interventions on the market in recent years have helped the oil industry to see the beginning of the return of confidence and investments
White House not Considering Crude Export Ban
President Joe Biden's administration has all but ruled out the idea of pursuing a ban on crude exports, following an outcry from the oil industry and its allies…
Venezuela Plans To Revive Its Oil Industry Despite U.S. Sanctions
Venezuela is ignoring U.S. sanctions with its plan to boost production to 1.5 million bpd by the end of the year, around three times the current output.
Saudi Arabia Aims To Dominate The Global Hydrogen Market
While Saudi Arabia continues to develop its oil industry, it is not shying away from alternative energy options, with state-owned Aramco now heavily investing i…
Iran Claims Its Oil Production Could Jump To 6.5 Million Bpd
Iran can boost its crude oil production to as much as 6.5 million barrels per day when the U.S. sanctions on its oil industry are lifted, Iranian Oil Minister B…
Biden Readies Ban On New Oil, Gas Drilling On Federal Lands
U.S. President Joe Biden is expected to sign on Wednesday an executive order directing federal government agencies to determine the extent of a ban on new drill…
US Oil Industry Braces for Biden Takeover
The threat of reduced access to federal lands and new rules on infrastructure could prompt the sector to offer alternative green initiatives, writes Chris Knigh…
Oil & Gas Trade
Iran: Foreign Oil Firms Must Accept New Terms To Work In Country
Foreign energy firms and contractors have to accept Iran’s new terms and conditions if they return to work in the country, Iran’s Oil Minister Bijan Zanganeh …
How Will Biden’s Presidency Impact South America’s Oil Boom?
Much has been made of President-elect Joe Biden’s energy policies and the negative impact they will have on the U.S. oil industry, which is laboring to survive…
Oil & Gas Trade
Minister Says Iran Welcomes Russian Companies' Investment in Oil Sector
Iran's Minister of Petroleum Bijan Namdar Zanganeh invited Russian companies to invest in his country's oil industry.