Four countries — the U.S., Japan, India and Australia — could join forces to set up an alternative to China’s Belt and Road Initiative in an attempt to counter Beijing’s growing influence, the Australian Financial Review reported Sunday.
The recent oil price rally hasn’t been enough to calm the nerves of OPEC kingpin Saudi Arabia.
A vast project to prove that fusion power is sustainable and can be generated on a commercial scale is now 50 percent complete, it has been announced.
India has big plans when it comes to renewable energy. The government has set itself ambitious targets, including commissioning 175 gigawatts of renewable energy by the year 2022.
That is, those two varieties of U.S.-produced crude oil are spearheading American exporters’ direct challenge to OPEC for market share in Asia.
BP beat analyst expectations on Tuesday, despite profits more than halving from the first three months of the year after a hefty charge from an unsuccessful project in Angola.
President Donald Trump vowed to take “strong and swift economic” action ahead of Venezuela’s controversial election for a new Constituent Assembly.
OPEC production cheats part of historical pattern: Eurasia’s Greg Priddy OPEC production cheats part of historical pattern: Eurasia’s Greg Priddy
Despite recent volatility in the price of oil, the CEO of BP believes the market is currently balanced and production is meeting demand on a daily basis.
Two years ago, Kansas repealed a law requiring that 20 percent of the state’s electric power come from renewable sources by 2020, seemingly a step backward on energy in a deeply conservative state.