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Saudi Arabia, some OPEC members disagree over oil production quotas

Saudi Arabia, some OPEC members disagree over oil production quotas

Before a heated OPEC meeting on Sunday, Saudi Arabia and some of the other members argued over who would produce how much oil. People claim that Saudi Arabia, the de facto head of the Organization of... Read more

Crude oil prices shoot as US Congress passes US debt ceiling bill

Crude oil prices shoot as US Congress passes US debt ceiling bill

Following the Washington, DC, passage of a bill raising the US debt ceiling, oil prices increased amid optimistic sentiment. Brent crude futures increased 0.96% to $74.99 a barrel, while US West Texa... Read more

US oil and fuel supplies stiffen as oil prices continue to spike     

US oil and fuel supplies stiffen as oil prices continue to spike     

The oil prices in the United States have spiked this week, after supplies shortened due to the energy minister of Saudi giving a warning.  Earlier this week, industry data in the USA showed tha... Read more

Brazilian Petrobras looks to end market-friendly gas pricing

Brazilian Petrobras looks to end market-friendly gas pricing

Brazilian President Luiz Inacio Lula Da Silva, in a bid to control inflation announced state-run oil giant Petrobras would end its policy to peg the cost of fuel to international prices. On May 17, 2... Read more

Billions losses german energy traders receive massive bonuses

Billions losses german energy traders receive massive bonuses

German energy companies Uniper and Sefe have given some traders millions of dollars in bonuses for 2022, sources reported, just months after the firms were rescued with multi-billion-dollar bailouts a... Read more

A Guide to RBD Coconut Oil and Its Industrial Applications

A Guide to RBD Coconut Oil and Its Industrial Applications

The coconut tree is prized around the world for its wide array of uses. From coco lumber to topical creams, the products of the coconut tree have sustained various industries and delivered benefits to... Read more

Russian exports of pipeline gas to Europe at a post-Soviet low

Russian exports of pipeline gas to Europe at a post-Soviet low

Based on calculations using Gazprom data, Russian gas exports to Europe via pipelines fell to a post-Soviet low in 2022 as its biggest customer reduced imports as a result of the conflict in Ukraine a... Read more


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