Several companies that certify that ships are in a position to navigate and ship insurers have withdrawn services to oil tankers involved in the Venezuelan oil trade, as the United States targets the maritime industry to tighten sanctions in the Latin American country. U.S. sanctions have brought Venezuela’s oil exports …
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Turkey has dismissed prospects for a ceasefire in Libya saying that an agreement incorporating the existing front lines of the conflict would not benefit the internationally recognized National Accord Government (GNA). Foreign Minister Mevlut Cavusoglu said the coastal city of Sirte and al-Jufra air base must be turned over to …
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Text size Joe Klamar / AFP via Getty Images OPEC + and its allies may be ready to start pumping more crude, and that prospect is sending shivers through the oil markets. Oil prices fell on Monday. Brent crude futures, the global benchmark, fell 1% to $ 42.80 a barrel …
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Paraphrasing a famous “presenter”, he quickly dropped. Coal suffered a historic drop in use last year. Buyers paid producers up to $ 37 a barrel of crude oil in April. The price of plastics has dropped about half in the past four years. The fossil fuel economy, which functioned happily …
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Text size Scott Olson / Getty Images Exxon Mobil provided an update on its second-quarter outlook on Thursday, and could mean a second-quarter earnings release for the oil giant, according to Cowen & Company. In its latest 8K presentation, Exxon (ticker: XOM) detailed the continuing headwinds against the Covid-19 pandemic …
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