Vehicle fuel consumption should see a major decline globally, but it won’t happen for a couple of decades.
Iran shipped 777 million barrels of crude last year, the state news agency Shana reported. Of this total, which represents an average daily export rate of 2.13 million barrels, 62 percent went to buyers in Asia. The rest was sold to European customers.
The Indian government’s target is to boost installed solar power capacity more than five-fold to 100 gigawatt (GW) by 2022.
Natural gas has long been promoted as a less-polluting alternative to coal and less-costly alternative to nuclear power.
Indian Oil, its namesake country’s largest refiner, is preparing to diversify into green energy as New Delhi expands its plans to abandon fossil fuels in the coming years, according to emerging reports.
The pace of China’s oil imports growth is one of the most closely watched indicators in the industry—a gauge of the country’s huge appetite for oil and the impact it has on global oil trade and prices.
Qatar is running out of sand needed for the construction of facilities for the 2022 World Cup due to the months-long Gulf blockade against Doha, according to new reports emerging from the region.
U.S. crude oil production is again on the rise, and exports of American crude are smashing records.
Every once in a while, I will realize that I have spent way too much time talking about oil, complaining about pipelines, Permania, free money and the impending “End of Big Oil because of Electric Vehicles”. And it’s on those days that my attention turns to oil and coal’s neglected stepsister who we know as natural gas.
Moody’s predicts India will surpass China as the fastest growing energy market in the world by the end of next year, according to a new report by the credit rating agency.