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04/22/2022
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By Ramon Tomey
Chinese state-owned oil firm plans to drop assets in the West for fear of economic SANCTIONS
An oil company owned by the Chinese government announced plans to drop its assets in Western countries for fear of sanctions that may be imposed on it. Industry sources confirmed to Reuters in late March that China National Offshore Oil Corporation (CNOOC) is preparing to divest its operations in the U.S., U.K. and Canada due to the […]
03/31/2022
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By Ramon Tomey
Saudi Arabia may increase oil prices amid Russia-Ukraine war
Saudi Arabia may increase the price of its crude oil as the repercussions of the Russia-Ukraine war are felt throughout global markets. An assessment by Bloomberg found that state-owned petroleum company Saudi Aramco may raise the selling price of its flagship Arab Light crude to $5 a barrel in Asia. The news outlet added that the price increase […]
03/29/2022
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By Kevin Hughes
Filmmaker Gonzalo Lira: US is committing suicide with its economic sanctions on Russia
Filmmaker Gonzalo Lira thinks the United States is committing suicide when it imposed economic sanctions on Russia. “The United States is committing suicide. And it’s about to embark on a war with China. You don’t see it yet. But it’s there, it’s already happening,” the American novelist said. Lira said people are now going through some […]
03/03/2022
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By Nolan Barton
Trump calls on Biden administration to boost domestic oil production
Former President Donald Trump has called on the Biden administration to boost oil production in the United States. “We are so foolish,” Trump said during a recent phone interview with Fox Business Network‘s Maria Bartiromo. “The whole thing with the climate is just out of control. Unless everybody is going to do it, [this] makes […]
05/01/2021
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By Arsenio Toledo
Crude oil production in Alaska at its lowest level in more than 40 years
Crude oil production in Alaska has fallen to its lowest level of production in 44 years. According to the Energy Information Administration (EIA), a statistical office that collects, analyzes and disseminates data for the government regarding the country’s energy sector, crude oil production in Alaska averaged around 448,000 barrels per day in 2020. This is the lowest […]
08/05/2019
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By Edsel Cook
Plant-based jet fuels could soon be an alternative to petroleum
A new study evaluated the potential of plant-derived biofuels to compete with petroleum-based products as a sustainable source of fuel for the aviation industry. It reported that bio-jet fuel might become a viable alternative to fossil fuels – but only if researchers maintain their current rate of success. The global aviation industry consumes millions of […]
12/26/2017
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By David Williams
World Bank to stop financing oil and gas exploration and extraction in 2019
While most know it as one of the scariest and most influential organizations on Earth, the World Bank is a tremendous force for good. At least, it’s actively trying to be, as evidenced by its latest move to announce that it will be cutting the money supply to oil and gas exploration projects beginning in […]
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