Category: Featured News
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Oilfield in Oman set to get a solar plant to aid its crude production
The plan is for the solar steam to be used as an alternative to steam produced from natural gas. The project could help to save over 800,000 tons of carbon dioxide emission … ›
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Global oil market faces surplus throughout 2019 as demand growth slows
For the first half of 2019, based on its outlook for non-OPEC production and global demand, and assuming flat OPEC production, the IEA said … ›
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Natural gas jumps to 4-year high in panicky trading as snow, cold push across US
Wild trading in natural gas futures drove prices up 18 percent Wednesday to a four-year high on record volume, as the latest cold weather … ›
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E.ON announces plans to build large onshore wind farm in Sweden
Construction is slated to begin this year and it's expected the facility will be finished by the end of 2021. Europe added 4.5 gigawatts of … ›
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Aramco may list downstream oil assets after acquiring chemical firm SABIC, strategists say
Restructuring the Aramco listing along those lines may make it more appealing to potential investors who have voiced skepticism about Saudi … ›
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Saudi Arabia is slashing oil shipments to US, a tactic that boosts prices and may rile Trump
Saudi Arabia is loading fewer barrels on ships bound for the United States, a tactic that has boosted oil prices in the past. Sending less … ›
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Oil rises for a fourth day, buoyed by OPEC supply plans
OPEC is expected to cut supply to prevent glut. Russia says it will discuss a deal with OPEC on December 6. Japan is set to restart Iran oil … ›
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Top Performing Saudi Exporter Seeking to Restore Deal With Aramco
Saudi Industrial Export Co. ., the best performing stock in Saudi Arabia this year, has escaped recent volatility in the kingdom’s … ›
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DuPont to build another China plant by Joseph N. DiStefano, Posted: November 8, 2018
DuPont said Thursday it will build a new $80 million factory in Zhangjiagang, Jiangsu province, China, a sign the company plans to continue … ›
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China’s Sinopec signs purchase agreements worth $45.6 billion at Shanghai Expo
China’s state-owned Sinopec signed purchase agreements worth $45.6 billion on Thursday, covering supplies of crude oil, chemicals, … ›