Saudi Arabia’s oil minister denied the kingdom’s recent production cuts have been intended to boost prices, in remarks at the World Petroleum Congress in Calgary on Sept. 18. “It’s not about . . . jacking up prices, it’s about making the decisions that are right when we have the data,” he said. Energy Minister Prince Abdulaziz bin Salman cited …
Saudi Oil Minister Deflects Blame for Rising Prices: John Kemp Read More »
With oil investors and traders focused on an oil-price rally that has come close to $100 a barrel, some grades of crude oil are already trading above that milestone, highlighting an expectation of tight supply. The outright price of Nigerian crude Qua Iboe surpassed $100 a barrel on Monday, according to LSEG data. Malaysian crude …
Will Oil Hit $100? It Already Did in Some Markets Read More »
Summary Companies Pressure growing on shipping sector to decarbonise faster Nuclear fuel options being seen as cleanest solution Any nuclear solutions seen at least 10 years away LONDON, Sept 19 (Reuters) – The maritime industry is exploring whether nuclear fuel can be used to power commercial ships as advancements in technology open up such options, …
Maritime Industry Explores Nuclear Power For ships as Technology Opens Up Read More »
Oil probably is headed for the $100 mark soon amid tightening supplies, said Chevron Corp. Chief Executive Officer Mike Wirth. Robust global growth mean the underlying economy can withstand such a price spike, Wirth said during a Bloomberg Television interview on Monday. “We’re certainly moving in that direction,” the leader of the second-largest US oil …
Chevron CEO Sees $100 Oil as Global Supplies Tighten Read More »
