, Exxon Mobil facing existential crisis with oil prices hitting bottom
Exxon Mobil is facing the ill-effects of overbetting on a rising demand for oil and gas and is now facing a shortfall of about $48 billion through 2021
, Eni wants to turn Italy into a European Gas Hub
Eni CEO Claudio Descalzi announced the oil giant will invest 7 billion euros ($8.6 billion) in Algeria over the next three years. Together in …
, Q7 calls for increase in oil output
Finance ministers of the Group of Seven (G7), world’s leading industrialized economies, called on oil-producing countries to increase output to ensure market is supplied enough. International Energy Agency (IEA) was asked to release strategic reserves. As it was stated by finance ministers of the G7, West was ready to use strategic oil reserve to get under control rising oil prices.
, Iran Threatens to Block Oil Transportation, Crude Oil Prices Rise
This year end has seen a rise in the prices of crude oil for the sixth day, adding 0.1% or 11 cents to $101.45 a barrel on Globex during Asian trading hours. This has been the highest level for crude oil in the past six months.
, Energy Industry Trends to Watch in 2012
This year saw a lot of action in the energy industry: the Fukushima crisis, the growth of solar energy alongside the collapse of Solyndra, …
, A Decade Later – What has the Economic Impact of the 9/11 Attack Been?
Yesterday, September 11th 2011, marked the 10th anniversary of the terrorist attacks that brought down the World Trade Centre, killed over 3000 people, shook …
, OPEC meeting to focus on output quotas and triple-digit oil prices
The Organization of Petroleum Exporting Countries (OPEC), scheduled to convene in Vienna on Wednesday, is likely to face significant pressure towards increasing output, in …
