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Category: Oil

Oil

Oil

Switzerland Considers Switching To Oil For Power Plants

Amid a looming energy crisis, Switzerland could turn to oil for electricity production in the winter in case of an emergency, Swiss Energy Minister Simonetta

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By admin
Posted onAugust 15, 2022
Oil

Iran’s Top Automaker Looks To Secure Russian Investments

Iran’s leading automaker is seeking to grab a share of the Russian market after Western producers halted output or exited the market following sanctions. Iran

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By admin
Posted onAugust 15, 2022
Oil

Germany Hits 75% Gas In Storage Goal Ahead Of Schedule

Germany reached in the middle of August its target to have its natural gas storage 75% full, two weeks ahead of plans, data from Gas

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By admin
Posted onAugust 15, 2022
Oil

China’s Construction Crisis Weighs On Industrial Metals

This month, the Construction MMI (Monthly MetalMiner Index) dropped yet again. However, it declined slightly less than those seen in previous months. Altogether, the index

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By admin
Posted onAugust 15, 2022
Oil

Bill Gates-Backed Firm Raises $750M To Develop Small Nuclear Reactors

TerraPower, a company working on small-scale nuclear reactor development backed by Bill Gates, has raised $750 million in investment, including from South Korea’s second-largest conglomerate,

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By admin
Posted onAugust 15, 2022
Oil

Kosovo Limits Electricity Distribution Due To High Import Costs

Kosovo’s electricity distribution company KEDS says it will limit the power supply to customers from August 15 due to flagging local production and the high

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By admin
Posted onAugust 15, 2022
Oil

Heatwave Sends European Gas Prices Higher

European benchmark gas prices rose by 2% early on Monday as demand is high in a heatwave and supplies of other fuels for power generation

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By admin
Posted onAugust 15, 2022
Oil

Gasoline Prices Could Climb As Demand Destruction Fears Evaporate

Despite a ninth consecutive week of falling gasoline prices in the United States, the streak of declines could soon see its end as wholesale gasoline

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By admin
Posted onAugust 15, 2022
Oil

Saudi Prince Made Huge Bets On Russian Energy Around Start Of Ukraine War

One of Saudi Arabia’s wealthiest men has been investing in Russian energy companies, Reuters reported, citing a tweet by Kingdom Holding, a Saudi business majority

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By admin
Posted onAugust 15, 2022
Oil

Oil Drops 5% On Disappointing Economic Data From China

Oil prices fell sharply on Monday, dragged down by disappointing economic data from the world’s largest crude oil importer and the world’s second-largest crude oil

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By admin
Posted onAugust 15, 2022

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