Energy

Argentina's Economy Minister Issues Warning Over Fuel Shortages: Export Restrictions Loom

Sergio Massa, Argentina's Economy Minister and presidential candidate, has warned oil producers of impending export restrictions unless they address fuel shortages.


Saudi Aramco Plans Higher Dividends and Investments to Propel Saudi Arabia Economy

Despite a 24.7% profit drop, Saudi Aramco reported increased dividends in 2023 and billions of investments to keep Saudi Arabia's economy afloat...

Oil Prices Surge 2% as Fed Hints at Interest Rate Cuts

Oil prices surged 2% post-Fed Chair Powell's hints at rate cuts. WTI crude reached $79.73/barrel, reflecting monetary policy's impact on commodity markets...

Russia and China Are Planning to Build a Nuclear Power Plant on the Moon

Russia and China are planning to build a nuclear power plant on the moon by 2035...


Latest News

US economic woes not due to lower oil prices
The US economy woes are not due to oil price drop, opine economists, who rule out the common view of financial media, government officials and academic that attribute the oil price drop to the America
IEA warns of worse than expected oil glut
The International Energy Agency (IEA) has warned that short-term risks downside have increased as oil glut is expected to be worse than anticipated. With Iran resuming oil production, the sluggish glo
Hedge funds betting on risks in US bluechips debt
The bonds are gaining momentum amid sluggish financial markets and uncertainty about the global economy. Majority of hedge funds are betting on the $4.5 trillion market as the safest for US corporate
Carl Icahn lost $90 million in his portfolio
Two of the many energy related shares in Carl Icahn portfolio's plunged on Monday trade causing the activist investors a paper loss of $90 million. The two companies are Chesapeake Energy Corp. and Tr
Statoil's dividend irks major wealth fund
The Norwegian government is reeling under pressure owing to oil price drop. The lower oil price is eroding revenues for the government. The Norwegian government is counting on state's dividends from S
UK Green Bank And BlackRock Consortium Acquires GLID Wind Farms For £423 million
The UK Green Investment Bank Financial Services ties up with world’s largest asset manager BlackRock to purchase GLID Wind Farms. The farms located in Aberdeenshire, Scotland and Lincolnshire are capa
Morocco King Unveils First Phase of The World's Largest Solar Plants
The completion of the first stage will also begin the second and third stage of the project. Once finished this power plant will be the world's largest, providing electricity for 1.1 million people in
Nigeria's National Oil Company Announced an Annual Loss of $1.34 Billion
The loss is combined from its corporate service unit and its three refineries. The total annual loss was consistent with the company's continuing monthly loss over the past year. Nigeria, as Africa's
Beijing Electric Acquires EEW For €1.44 Billion, The Largest Ever Chinese Direct Investment In Germany
BEHL is going to purchase the leading German waste to energy recycler EEW for €1.44 Billion. The deal appears to be the largest ever Chinese direct investment in Germany. Following legal obligation, t
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