Diego J. Robles | The Denver Post | fake pictures The largest oil tanker Chevron said Monday it agreed to buy Noble Energy in a stock deal, valuing the Houston-based oil and gas producer at $ 5 billion. The offer values Noble at $ 10.38 per share or 0.1191 Chevron …
Read More »OPEC + meeting, US crude inventories in focus
Offshore oil platforms are seen on April 20, 2020 in Huntington Beach, California. Oil prices were negotiated in negative territory for the first time as the spread of the coronavirus (COVID-19) affects demand. Michael Heiman | fake pictures Oil prices rose on Wednesday after a sharp drop in US crude …
Read More »The IMF cuts again the growth forecasts in the Middle East
A tourist walks through Terminal 3 of the Dubai airport in the United Arab Emirates on July 8, 2020, as the country reopened its doors to international visitors in hopes of reviving its tourism industry after a nearly four-month shutdown. Giuseppe Cacace | AFP | fake pictures The International Monetary …
Read More »Cancellation of the Atlantic coast pipeline shows that fossil fuels have fallen
Photo: Mark Wilson (fake pictures) After a year-long campaign by environmental justice activists, energy giants Duke and Dominion abruptly canceled their plans to build a fractured $ 8 billion, 600-mile gas pipeline on Sunday, quoting “Ongoing delays and increased cost uncertainty” as well as “litigation risk”. The move, which came …
Read More »Oil falls as coronavirus cases grow fueling fuel demand concerns
South Belridge Oil Field is the fourth largest oil field in California and one of the most productive in the USA. David McNew | fake pictures Crude prices fell on Friday as the resurgence of the coronavirus globally and in the United States, the world’s largest oil consumer, dimmed prospects …
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