Avainsana: oil

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Europe could face oil shortage in a decade, study warns

Europe could face a shortage of oil within the next decade, making the move to increase the use of low carbon energy even more urgent,…

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WA’s World Heritage listed Ningaloo Reef on oil, gas exploration map

An early proposal that could lead to waters off Western Australia’s pristine World Heritage listed areas being opened up to oil and gas exploration has…

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Global oil demand could hit record growth rate next year, IEA warns

The world’s oil demand could climb at its fastest rate in the history of the market next year, and may reach pre-crisis levels within years,…

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Spain to join group of first movers off oil and gas

On May 19, 2020, the Spanish Council of Ministers approved a Draft Bill on Climate Change and Energy Transition which sets out the country’s overarching…

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Saudi Arabia triples VAT to support coronavirus-hit economy

Saudi Arabia is tripling its value added tax (VAT) as part of austerity measures to support its coronavirus-hit economy. The government in Riyadh also said…

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IEA: Collapse in oil demand is erasing the last decade of growth

The United States will suffer an “unprecedented” decline in oil output this year despite a historic agreement by some of the world’s other big producers…

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Oil drops more than 6% as producer cuts fail to banish demand fears

Oil prices shed more than 6% on Tuesday, with investors apparently unconvinced that record supply cuts could soon balance markets pummeled by the coronavirus pandemic,…

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Saudi Arabia to raise oil exports to record high

Russia and Saudi Arabia are locked in an oil price war as global prices plummet owing to the effects of the coronavirus pandemic. Riyadh will…

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