BP’s New Strategy Shifts from Green Energy to Oil Profits, Angering Environmentalists
BP invested $2.5 billion (£1.9 billion) in biofuels, hydrogen, EV charging, and renewable energy. BP has ...
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Tag: oil
Global Oil Demand Growth Is At its Slowest, Driven by China’s Decline
Oil prices fell below $70 per barrel in London on Wednesday for the first time since ...
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Saudi Arabia Plans $1 Trillion Investment in Non-Oil Sectors, Intends to Cut Down Oil Spending
According to Goldman Sachs analysts, “The capex super-cycle will likely remain an important theme in Saudi ...
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Venezuela’s Controversial Election and Its Global Impact on Oil Markets
Venezuela made efforts to boost their oil capacity and conduct the leadership of Opec with Saudi ...
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Aramco Increases Dividend Payout by 30%, Despite Production Cuts
Being the world’s biggest crude oil exporter, Aramco is a major source of income for the ...
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IMF Downgrades MENA Growth Forecasts Due to Gaza Conflict, Lower Oil Output
The fund projects that if the Israel-Gaza conflict slows down in Q1 2024, then the growth ...
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Saudi Aramco Ordered to Lower Production Capacity Target
Saudi Aramco was asked by the Ministry to step back to the previous target of 12 ...
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Exxon’s Acquisition of Pioneer for $60 billion: A Game Changer in the Shale Oil Industry
The deal would allow Exxon to enhance its output in the Permian region to the equivalent ...
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ADNOC Doubling Down on Global Expansion for Diversification
ADNOC is also diversifying into the renewables sector, petrochemicals, and liquified natural gas (LNG) Abu Dhabi ...
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Shell, Chevron, and Petrobras Weigh on Guyana Oil Auction Bids
Guyana's offshore oil exploration auction has caught the attention of multiple companies like Shell, Petrobras, and ...
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