all available information about oil wealth
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Gas stations in Italy go on strike to protest accusations of price gouging
Gas station workers in Italy staged a general strike for two days, to protest accusations of price gouging by Italian Prime Minister Giorgia Meloni. Gas station operators announced a nationwide general strike for two days (January 25-26, 2023), according to Bloomberg. Trade unions and gas station owners in Italy are protesting against the new decisions…
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Oil and gas exploration in Zimbabwe is achieving unprecedented results
Australian company Invictus Energy announced the success of its oil and gas exploration operations in Zimbabwe, as part of updating its results from its first well in the country. The company stated that after the completion of the operations of the Mokoyo-1 well, 13 potential areas for oil and gas extraction were identified from the…
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The global price of a barrel of oil has risen… and Brent crude is above $86
The price of a barrel of oil rose globally during trading today, Wednesday, January 25 (2023), amid hopes for increased demand. This comes amid optimism about the recovery of demand in China, the largest oil importer in the world, and expectations that the main producers will maintain the current production policy, which offset fears of…
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Transforming methanol into sustainable aviation fuel led by the UAE’s Total and Masdar
A global coalition of major global and regional energy companies has begun moves to endorse a new pathway to turn methanol into a sustainable jet fuel. Today, Wednesday, January 25 (2023), an alliance comprising the UAE’s Masdar companies, France’s Total Energy, Germany’s Siemens Energy, and Japan’s Marubeni announced the start of procedures for obtaining the…
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The global price of a barrel of oil is down 2%… and Brent crude is under $87 – (update)
The global price of a barrel of oil declined by more than 2% at the end of trading today, Tuesday, January 24 (2023), amid fears of a slowdown in the US economy. The oil markets had started the Asian trading on the rise, amid hopes for a recovery in demand for fuel from China, the…
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The global price of a barrel of oil has risen… and Brent crude is above $88 – (Update)
The price of a barrel of oil rose globally at the end of today’s trading, Monday, January 23, 2023; Brent crude rose above $88, with prospects for an economic recovery in China, the largest oil importer, this year. The oil markets had started trading on a decline amid limited trading due to the Lunar New…
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Oil reserves in Iraq are recovering by 6 billion barrels
Oil reserves in Iraq have achieved a significant recovery, with the addition of about 6 billion barrels of crude oil and 23 billion standard cubic feet of natural gas. Today, Monday, January 23, 2023, during his visit to the Oil Exploration Company, the Iraqi Oil Minister, Hayan Abdul Ghani, announced the addition of 6 billion…
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The global price of a barrel of oil is turning higher… and Brent crude is near $88 (update)
The global price of a barrel of oil turned upward, during today’s trading, Monday, January 23, 2023, with the prospect of an economic recovery in China, the largest oil importer this year. The oil markets had started trading on a decline amid limited trading due to the Lunar New Year holiday in East Asia, maintaining…
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Energy security is a major axis for strengthening relations between America and the Gulf states (article)
Read in this article The United States has become one of the largest producers of LNG in recent years America, along with Qatar, has become the world’s two largest exporters of liquefied natural gas The Petrochemical Industry Can Play an Important Role in Transitioning to a Carbon Neutral Society Qatar’s capacity to produce various types…
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Anas Al-Hajji: The oil price ceiling did not reduce Russia’s revenues
Energy platform editorial advisor, energy economics expert Dr. Anas Al-Hajji, said that everything issued by the US Treasury Department regarding the oil price ceiling is a kind of unfounded propaganda. Al-Hajji explained – in the program “Energy humanitiesHe presented an episode of it on Twitter entitled “The World Between Extremism and Rationality… Between Price Ceilings…