OPEC Secretary General Haitham Al Ghais refutes claims of the oil era's end, emphasizing the resilience of oil demand and advocating for balanced energy policies to prevent investment shortfalls.
Germany's decision to phase out nuclear power has been met with international criticism, questioning its logic amid global energy challenges.
In his MEES commentary, OPEC Secretary General Haitham Al Ghais argues against the narrative of the impending end of oil.
Recent data shows a continued decline in U.S. drilling activity with fewer active rigs.
Texas's deepwater oil export plans face challenges due to shifting global trade dynamics, reduced demand for supertanker ports, and uncertainties in U.S. oil production growth.
Soaring oil prices are weakening global economic demand, exacerbating credit constraints, and heightening recession fears.
At a congressional field hearing in Texas, oil and gas industry leaders criticized President Biden's green energy policies, arguing they impose high costs and threaten jobs without providing substantial benefits.
Major energy companies like Shell and TotalEnergies are negotiating to invest in the UAE's Ruwais LNG export project, which aims to double ADNOC’s production.
FTC's crackdown on oil and gas mergers, driven by environmentalist demands, fuels alarm over potential economic disaster and energy crisis in the U.S.
Tether commits to freezing transactions with sanctioned entities amid allegations that Venezuela's PDVSA is using USDT to circumvent U.S. oil sanctions.
Venezuela is transitioning its oil sales to Tether to bypass U.S. sanctions and protect its revenues
Mark Lewis of Andurand Capital challenges the effectiveness of carbon credits for Scope 3 emissions.
JP Morgan's report indicates that inflation, high interest rates, and geopolitical conflicts could significantly delay the transition from fossil fuels to renewable energy sources.
Environmental advocacy group Friends of the Earth aims to derail the extension of the Diablo Canyon nuclear power plant.