It was the last thing a slowing global economy needed. With the coronavirus pandemic hammering international travel, supply chains and production, Saudi Arabia delivered another shock to the system by declaring an oil price war, reports Al Jazeera. admin
Russia enters this oil price war with two overarching objectives: drive U.S. producers out of business, and expose Riyadh to the limits of American support. Will Putin prevail, asks The National Interest? admin
While India has also suffered from the locust attacks, the country has for now brought the situation under control but only after substantial damage to crops in Rajasthan and Gujarat. There are fears, though, that the situation may aggravate again with the onset of monsoon in June. Authorities are ensuring availability of large quantities of insecticides along with […]
Seeking to bolster America’s economy amid growing fears over the coronavirus, the U.S. Federal Reserve cut interest rates on Tuesday by half a percentage point. The Fed said the emergency move puts rates in a target range of 1.00% to 1.25%, reports AgWeb. admin
At a time when many countries are finally trying to reduce their reliance on fossil fuels, the world is suddenly awash in oil and gas discoveries. But for the countries with the newest finds, many of them in Africa and South America, mineral wealth may not be the bonanza it was in decades past, Amy […]
The fracking of shale gas may have substantially shifted the global energy landscape, but another hydrocarbon resource—oceanic methane hydrates—has the possibility to do even more to change the picture, reports Foreign Policy. admin
The American fracking for oil and natural gas boom will continue on through the 2020s. And why not? Since fracking took off in 2008, we have more than doubled our proven oil reserves to ~65 billion barrels. Natural gas reserves have surged over 80% to ~430 trillion cubic feet. Already the largest oil and gas […]
China is expanding its offshore oil and gas scene, undeterred by compliance, transparency, corruption or environmental issues that plague so many oil-rich countries. Chinese development banks are willing to lend billions to oil-producing countries in Latin America and Africa, and its state-run oil companies are willing to invest in projects others fear to touch. This […]
BP’s 2019 energy outlook projects that big things are in store for India’s energy sector. The country’s energy demand is set to balloon by 156 percent by 2040, at which point BP has projected that the subcontinent will account for a whopping 11 percent of global energy consumption–double its current share. admin
Deep disparities define today’s energy world. The dissonance between well-supplied oil markets and growing geopolitical tensions and uncertainties. The gap between the ever-higher amounts of greenhouse gas emissions being produced and the insufficiency of stated policies to curb those emissions in line with international climate targets, reports the International Energy Agency. admin
