China sees opportunity as Venezuela’s oil industry hits rock bottom

Venezuela’s near collapse and strict US sanctions create an opportunity for Russia, Iran and China to strengthen their presence in Latin America, a region that has been under US hegemony for decades. While Russia and Iran have, to some extent, gained a foothold in Venezuela by providing crucial support to …

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High natural gas prices weigh on Europeans and weigh on recovery

LONDON – As the world struggles to recover from the pandemic, soaring natural gas prices threaten to become a drag on economies in Europe and beyond. Wholesale fuel prices are at their highest in years – nearly five times where they were then in 2019, before people started to get …

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Rats, drought and labor shortages eat away at global edible oil recovery

Rodents relish palm fruits in Malaysia due to labor shortage Palm oil prices remain close to their all-time high Dry weather in canola regions of Canada has seen production slow High prices to encourage soybean planting in Brazil PERAK, Malaysia / SINGAPORE, Sept. 5 (Reuters) – At a sprawling oil …

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Mountain Valley Pipeline seeks identity of its anonymous detractors | Local News

No date has been set for a hearing on Mountain Valley’s request for an injunction that would remove protesters from its blasting sites. The subpoenas to Facebook require the social media giant to produce the requested information by September 17. When a person creates a page on Facebook, they have …

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Missile attack on Saudi oil region foiled – Saudi-led coalition

DUBAI, Sept. 4 (Reuters) – A ballistic missile attack targeting the oil-rich eastern region of Saudi Arabia was intercepted on Saturday, the Saudi-led coalition against the Houthi group in Yemen said in a statement disseminated by Saudi state media. The missile was intercepted over the town of Dammam, according to …

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Clean-up boats at the scene of a large oil spill in the Gulf following Hurricane Ida, Energy News, ET EnergyWorld

FILE PHOTO: Unused oil rigs lie in the Gulf of Mexico near Port Fourchon, La. August 11, 2010. REUTERS / Lee Celano / File Photo WASHINGTON: The US Coast Guard said on Saturday that cleanup crews were responding to a large oil spill in the Gulf of Mexico following Hurricane …

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Poland is increasing its gas supplies from the United States to reduce …

WARSAW, September 2 (Reuters) – Poland has decided to reduce its dependence on Russian energy by agreeing to purchase an additional 2 million tonnes of liquefied natural gas (LNG) per year from US suppliers on a period of 20 years. The additional supplies will allow the country’s largest gas company, …

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Saudi Arabia begins locating education jobs

Saudi Arabia on Wednesday began the first phase of locating educational jobs in private schools and international schools for boys and girls. This corresponds to the decision of Minister of Human Resources and Social Development Ahmed Al-Rajhi last May. According to Al-Rajhi’s decision, the Kingdom aims to Saudi Arabia a …

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Gulf Keystone Distributes $ 100 Million Amid Soaring Oil Prices

F Former stock market darling Gulf Keystone Petroleum today showed signs of a rebound after a shareholder rebellion, driven by rising share prices and new management. Some in the city say GKP still has a high cost base and doesn’t pay a high enough dividend, but new chief executive Jon …

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PSO receivables rise to Rs262b

ISLAMABAD: Despite large profits in the past fiscal year, Pakistan State Oil (PSO) continues to face the challenge of circular debt due to customers’ inability to pay their bills on time. Recently, the company announced its highest-ever after-tax profit of Rs 29.1 billion for fiscal year 2020-2021. Even if he …

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