US imposes fresh sanctions: More trouble for Chinese, UAE firms
The United States imposed penalties on companies from Singapore, Hong Kong, and the UAE, as per the Treasury website....
Category : Oil & Gas
COVID impact: UK taxpayers own shares in cannabis oil firm
Due to a government rescue funding program established during the COVID disaster, UK taxpayers now own shares in 65 additional businesses....
Will Saudi Arabia, UAE bail out from oil crisis?
OPEC was established in 1960 as a cartel with the intention of controlling the price and supply of oil globally....
Decline of Nigeria crude exports: Country heading towards economic collapse?
The Excess Crude Account and fuel subsidies have depleted state coffers in the first four months of 2022....
Oil & gas: What makes this industry most profitable
According to IMF, the fossil fuel industry also benefits from subsidies of USD 16 billion a day....
Shell planning to drill in the Gulf of Mexico for oil extraction
US President Joe Biden is considering opening the gates for drilling in the Gulf of Mexico....
Ukraine war impact: G7 proposes price cap on Russian oil
by WebAdmin
This year's G7 Summit was held at the castle resort in the Bavarian Alps and was dominated by the war in Ukraine and its impact on the economy...
Europe told to buckle-up as Russia set to turn off gas exports
The development comes after Europe was warned by the head of the International Energy Agency that Russia is planning to cut off the gas exports....
Kuwait oil revenues reach $38.10 bn in 2021
The gulf OPEC member recorded a budget deficit of Dh682.4 mn in the first nine months of the fiscal year...
Brazil auctions two large oil blocks, raises $2 bn
Total, Shell, Petronas and Petrobras among the winning bidders...