The process of internationalizing the Chinese currency took another major step forward with the first crude oil transaction settled with the digital renminbi on Thursday.
The Minister of Oil and Gas Mohammed Oun called for the implementation of House of Representatives’ Resolution No. 15 of 2023 regarding stopping new procedures, contracts, or amendments to any previous measures regarding sovereign assets such as oil, gas, and gold.
The recent article on New Mexico selling out to the oil and gas industry (Journal, Oct. 15), is just not true. Ms. Evans is obviously unaware of the incredible changes that the oil and gas industry has made in green fracking.
Oil and gas stocks were among the top performers on the S&P 500, with four industry players taking their place in the top 10. The reason for this was a higher price for oil coupled with enhanced volatility. But this is just one aspect of the story.
Over the last year, the U.S. has been ramping up its natural gas production, with plans to develop several more LNG facilities in the south of the country.
As many as 131 companies representing nearly $1 trillion in global annual revenue are urging governments to set targets and timelines for the phaseout of unabated fossil fuels.
The success of COP28 in Dubai, UAE, is facing immense pressure due to the aftermath of the Hamas terrorist attack on Israel and the ongoing Israeli conflict with Gaza.
Last week, the Israeli government ordered its state-run electricity company to halt power supply to the Gaza Strip days after Palestinian militant group Hamas launched a surprise attack on the country
In hosting its third Belt and Road Initiative Forum on Tuesday and Wednesday of this week, China is welcoming representatives from around 130 countries for a diplomatic event focused on Xi Jinping’s now ten-year-old signature policy.
Iran is calling for an oil embargo on Israel over the latest deadly air strikes on the Gaza Strip amid growing tensions in the Middle East just as U.S. President Joe Biden arrived in Israel.