Recently, the evolving energy transition has been discussed, a concept that gained prominence after the 1973 oil crisis and was championed by President Jimmy Carter. The transition represents the global…
Fuel Oil
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Oil stocks enjoyed a resurgence two years ago as investors capitalized on record industry profits driven by the European gas crisis and sanctions on Russia. However, recent assessments suggest this…
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The Nigerian National Petroleum Company Limited (NNPC) is confronting severe financial difficulties, struggling with substantial debt to fuel suppliers. This issue raises questions about the future stability of the nation’s…
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Crude oil imports across Asia, the world’s largest importing region, have shown a notable recovery in August following a two-year low recorded in July. China, the leading global crude importer,…
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Vice President Kamala Harris has clarified that she will not impose a ban on hydraulic fracking if elected president, marking a significant shift from her previous stance. Revently, Harris stated,…
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Norway is at a crossroads in its energy strategy, balancing significant investments in renewable energy with ongoing substantial production of oil and gas. However, mounting international pressure to reduce oil…
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In response to severe fuel shortages exacerbated by Israeli restrictions on petroleum imports, Gaza residents have begun converting plastic waste into diesel. With conventional fuel sources scarce, locals are collecting…
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In response to an escalating fuel crisis, the Manipur government has announced the deployment of police officers at petrol stations across the state. The initiative, revealed by L. Susindro, the…
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Sinopec, formally known as China Petroleum and Chemical Corp., posted a slight increase in profit for the first half of 2024, driven by stronger upstream operations despite challenges in its…
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As Ukraine celebrates its Independence Day on August 24, marking 32 years since it emerged from Soviet rule, the country finds itself at a pivotal moment in its struggle for…