Rice

Energy Storage Project

Nigeria, Potential Global Producer of Lithium Battery

Amid the fraught debates over petrol prices, exchange rates and rising cost of living, cheerful news slips by without notice.One such refreshing news was the re…

Oil Price

Oil prices rise as tight supply counters expected rate hikes

Brent crude futures rose 44 cents, or 0.6%, to $81.51 a barrel by 11 GMT. U.S. West Texas Intermediate (WTI) crude was at $77.51 a barrel, also up 44 cents, or …

Electric Vehicles

Tesla CEO Hints on Cybertruck Pricing After Rival Electric Ute Slashes Asking Price

Earlier this week Tesla announced that it had produced its first Cybertruck. No official confirmation on the pricing was released.Now, we may have an indication…

Oil Price

Iran Raises August Light Crude Price to Asia - Source

Iran has set the official selling price (OSP) of its Iranian Light crude oil grade for Asian buyers at $3.15 a barrel above the Oman/Dubai average for August, a…

Oil Price

Nigeria, Other OPEC Nations Earn $873.6bn From Oil Export in 2022

Nigeria and other countries in the Organization of Petroleum Exporting Countries(OPEC), earned $873.6 billion from oil export in 2022.The OPEC’s petroleum expo…

Oil Price

California New Oil Well Approvals Have Nearly Ground to a Halt

Active pumpjacks from oil wells are pictured at the Inglewood Oil Field, the largest urban oil field in the United States, from the Baldwin Hills Scenic Overloo…

Oil&Gas Drilling

Saudi Output Cuts Helping Drive up Global Oil Markets

General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File PhotoPrices for sour crude…

Biofuel

US Lawmakers Seek to Lower Biofuel Blending Compliance Costs

A gas pump displays the price for E15, a gasoline with 15 percent of ethanol, and various other ethanol blends at a gas station in Nevada, Iowa, United States, …

Oil Price

Oil Prices Rise in Early Trade as US Inflation Cools

A view of the Johan Sverdrup oilfield in the North Sea, January 7, 2020. Carina Johansen/NTB Scanpix/via REUTERS/File PhotoOil prices rose in early Asian trade …

Coal Trade

N. Korea Continues to Export Coal Despite UN Sanctions

A ship docked at Nampo Port.(Wikimedia Commons)North Korea is actively exporting coal in defiance of a UN Security Council sanctions resolution, Daily NK has le…

Oil & Gas Supply

UK Gas Sufficient to 2050 but Price Spikes Likely – TSO

(Montel) The UK will not experience any significant gas shortages over the next quarter century thanks to diverse supply sources and declining demand but it wil…

Oil & Gas Trade

India Is Using Chinese Yuan to Pay For 10% Of Its Russian Oil Imports, Rest in Rupee and Dirham

India is making about 10 percent of its payments for Russian oil in the Chinese yuan, ThePrint has learnt, with the rest of the payments being made in Indian ru…

Oil&Gas Drilling

Two New Blocks Awarded for Oil, Gas Search

Saudi Arabia supplies more than half of Bangladesh’s crude imports, but Dhaka has been hit hard by a global surge in energy and food prices.—Reuters phot…

Power Construction

Power Prices to Remain Elevated Until Late 2030s, Report Warns

Latest long-term power forecast from Cornwall Insight warns rising power demand, increasing exports, and continued reliance on gas will mean prices are likely t…

Oil Price

Callon Petroleum Company Announces the Closing of Delaware Basin Acquisition and Eagle Ford Divestiture

HighlightsReduces Outstanding Debt by Approximately $300 MillionWill Commence Share Buyback Program in the Third QuarterCallon Petroleum Company (NYSE: CPE) ("C…