OPEC+ to go as planned with production; oil peaks as a consequence
OPEC+, the Organization of Petroleum Countries and allies announced this Monday they would go as planned regarding oil production. After their meeting, they agreed to...
Tag : coronavirus
Oil prices rise on stronger demand; OPEC to maintain phasing out policy
Oil prices rose this Thursday as economic recovery hopes are getting stronger, despite the rapid spread of the coronavirus disease and its new string, Delta....
Alberta gives grants to Canada’s big oil companies for new COVID-19 contractors
The Alberta government announced Thursday it would give federal grants to some of Canada’s biggest oil and gas companies. The administration seeks those companies to...
Pandemic is leading to a 7% drop in carbon dioxide emissions – Global Carbon Project
The current coronavirus pandemic’s side-effects are leading to the most significant drop in carbon dioxide emissions globally. According to a report by the Global Carbon...
OPEC considers more cuts as Covid-19 cases rise
OPEC members are considering to adopt more oil production cuts as Covid-19 cases in Western countries rise. More curbs in production? Members of the Petroleum...
Black Monday on oil market: prices drop 3%, Reuters
This Monday is a black day for the oil market, as prices went low 3% extending last week’s losses amid a new coronavirus wave that...
Crude oil imports decreased by 13.8% during 3Q 2020
U.S. crude oil imports decreased 13.8% during these last four weeks, compared with the previous year’s same period, Energy Information Administration (EIA) informed today. During...
OPEC worried about oil prices amid a new Covid wave
The oil prices are steady today, but the supply chain in the globe’s oil and gas industry is facing a new challenge as the second...
Energy in N.A resilient against covid-19: Fitch rates positive 37 projects
The coronavirus pandemic is leading financial markets to experience several fallouts. However, according to a new report by Fitch Ratings, energy projects throughout North America...