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The administration of U.S. President Joe Biden announced on Tuesday it will release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain, to try to cool prices after OPEC+ producers repeatedly ignored calls for more crude.

November 24, 2021 7:10 AM Biden administration wants domestic producers to do their part to add oil to the market.

Ashtead Technology has a history supplying subsea services to the oil and gas sector and it has diversified into the offshore wind market. The offshore wind services market is set to grow at 19% a year up until 2025. Europe is the largest market, but Asia is growing faster. Ashtead Technology, though, has operations around [] The post New AIM admission: Ashtead Technologys following wind appeared first on UK Investor Magazine .

The White House on Tuesday said it had ordered 50 million barrels of oil released from strategic reserve to bring down energy costs.

The White House on Tuesday said it had ordered 50 million barrels of oil released from strategic reserve to bring down energy costs.

Major stock markets in the United States closed mostly higher on Tuesday following a session marked by President Joe Biden''s decision to release 50 million barrels of oil from the Strategic Petrol

WTI oil has opened lower, the Cl contract dropped briefly under US$75 at the start of trading on Sunday evening US time. Equity indexes on Globex meanwhile are steady.

Oil has been spilling from a well owned by Nigerias Aiteo Eastern E&P and state-run NNPC for two weeks in southern Nigeria, local residents and politicians said on Friday, saying it threatened the environment and local economy. Aiteo said on Nov. 9 an extremely high order oil spill had started on Nov. 5 and that []

NNA - On the eve of Lebanon''s 78th Independence Day, President of the Republic, General Michel Aoun, delivered the following address to the nation: My fellow Lebanese ladies and gentlemen, Here comes Lebanons seventy-eighth Independence Day, and the nation is still drowning in a sea of successive crises that prevent us from celebrating joyfully, but do not keep us from living its meanings. Lebanon and the Lebanese have paid a heavy price to turn Independence from a mere commemoration to a festive occasion, and it is the right - rather the duty - of all of us to hold on to it and seek to fortify it. For the State, Independence means free decision and the protection of the nations interest while preserving the best relations with all States. As for the citizens, independence means empowered and trustworthy State institutions that protect them and ensure their rights while they ensure in turn their obligations towards these institutions. This independence needs a daily strife to preserve it and recover what we have lost, to make a clean break with an exhausting reality against which our nation and our people are struggling.

November 21, 2021 The Group Managing Director (GMD)/Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited, NNPC, Malam Mele Kyari, started his weekly activities with an interview with Bloomberg TV in Abu Dhabi, the United Arab Emirates (UAE). Kyari said in the interview that Nigeria would ramp up oil production to 1.8 million barrels per day by the end of 2021, as against the 1.45 million BOPD in September. He noted that in spite of this projection, Nigeria could easily attain its maximum crude oil production capacity of 2.5 million barrels per day with the combined production of [] The post NNPC targets 1.8mbpd production as Kyari urges more indigenous innovation appeared first on Political Economist .

Higher energy costs and the global shortage of raw materials could drive figure up, economists warn

New Delhi: Petrol and diesel prices remain unchanged on Sunday post the revision of duties by the Central and state governments on Diwali eve, providing a continued relief to consumers. Accordingly, petrol and diesel prices have remained static for the 17th consecutive day on Sunday under the daily price revision mechanism followed by oil marketing Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .

Coast Guard aircraft and boats were dispatched on Saturday afternoon after an oil sheen of 2,100 square feet was reported off Huntington Beach, where the original rupture occurred.