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OPEC


Africa’s largest oil producer Nigeria is making efforts to prepare its economy for a post-oil era, Ogbonnaya Onu, Minister of Science and Technology, mentionned at a forum this week. OPEC member Nigeria, which also has huge gas reserves but also has a huge gas flaring problem, is looking to bring methanol into the economy and …

OPEC member Iran has halted cryptocurrency mining for four months after being partly blamed for causing blackouts in some cities. Cryptocurrency “ miners ” – such as Bitcoin – use high powered computers in the mining process, which can be very energy intensive. Although Iranian President Hassan Rouhani told a Cabinet meeting this week that …

OPEC + is expected to stick to the current pace of a gradual easing of oil supply at a meeting on Tuesday, OPEC sources said, as producers balance expectations of a recovery in oil supply. demand against a possible increase in Iranian supply. The Organization of the Petroleum Exporting Countries and its allies decided in …

Oil Price Talking Points Oil price rebounds from session low ($ 65.25) after larger-than-expected decline in US stocks, but the double-top formation established earlier this month remains largely intact as rebound from May low ($ 61.56) fails to stimulate a test of the March high ($ 67.98). Oil Price Forecasts: Double Top Formation Intact Before …

[Updated 05/24/2021] In a recent press release, Cimarex Energy (NYSE: XEC) announced a full-equity, peer-to-peer merger with Cabot Oil & Gas (NYSE: COG). With the oil and gas industry facing an uncertain demand environment due to the pandemic, consolidation is key to achieving superior returns for investors and operational efficiency. Interestingly, Cimarex Energy shares are …

(Rep. Liz Cheney, Twitter) CASPER, Wyo. – In front of a crowded field of challengers in the 2022 general electionUS Representative for Wyoming Liz Cheney is back in Wyoming to praise her commitment to fighting for the state’s oil and gas industry in recent days. Cheney said on Twitter Tuesday that she visited Jonah Energy …

Opposition lawmakers seek to question Sheikh Sabah Al Khalid Al Sabah on the recent motion, COVID and corruption. Kuwaiti opposition lawmakers, bent on questioning the prime minister, hampered parliamentary work by taking ministerial seats, intensifying an impasse between the appointed government and the elected assembly. The government refused to attend Tuesday’s session after MPs sat …

BRAZIL – 07/13/2020: In this photo illustration, the Cimarex Energy logo seen displayed on a … [+] smartphone. (Illustration photo by Rafael Henrique / SOPA Images / LightRocket via Getty Images) SOPA / LightRocket images via Getty Images [Updated 05/25/2021] In a recent press release, Cimarex Energy (NYSE: XEC) announced an all-equity, peer-to-peer merger with …

The new Bitcoin Mining Council does not intend to change the software of the cryptocurrency and just wants to promote sustainable energy practices and transparency in the industry, said a founding member. The board, led by Tesla CEO Elon Musk and MicroStrategy CEO Michael Saylor, will respect bitcoin fungibility, and does not advocate discrimination between …

The ten OPEC members bound by the OPEC + production agreement have increased their collective crude oil exports by more than 1 million barrels per day (bpd) so far in May, according to Petro-Logistics mentionned Friday. All OPEC crude oil exports – including Iran, Venezuela and Libya which are exempt from the OPEC + Pact …