Ford confirmed yesterday s Reuters rumor that the company would boost spending on electric vehicles by at least 36% to $30 billion and said that 40% of Ford global vehicle volume to be all-electric by 2030
2 days Iraq Expands Port Infrastructure To Raise Fuel Trade 2 days Shareholders Overwhelmingly Back Total’s Climate Policy 2 days Energy Companies Are Scrambling For Cyber Insurance 2 days China’s Tech Emissions Are Set To Double By 2035 3 days Crypto Mining Company Plans One Of The Largest Solar Projects In The U.S. 3 days Indian State Refiner To Buy Iranian Oil If Iran Offers Price Discounts 3 days Biden s Asia Advisor: U.S. Entering Period Of Intense Competition With China 3 days WoodMac: Asia Needs To Invest More In Gas To Lower Emissions 3 days Venezuela Imports First Diesel Cargo In Six Months 3 days China Increases Oversight On Crude Import Of Oil Majors
All major exchanges lost some ground today with the Dow down 0.24%, NASDAQ down 0.17, and SandP down 0.28. Gold closed over 1900. Bitcoin up at $37,515. WTI closed marginally down at $65.82
The Market in Perspective
Here are the headlines moving the markets.
Iran Has 69 Million Barrels Of Oil Ready For When U.S. Sanctions End Iran may have some 69 million barrels of oil in floating storage waiting on tankers to travel to buyers when U.S. sanctions on its crude oil exports are removed, estimates from E.A. Gibson Shipbrokers cited by Bloomberg showed on Tuesday. Citigroup also has a similar estimate on Irans floating storage. In a note on Monday, the bank said Iran could have around 65 million barrels of oil stored at sea, plus another 54 million barrels in storage onshore. The United States and Iran have been holding indirect talks in Vienna since last
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’Femi Asu
the Nigerian National Petroleum Corporation has urged operators in the nation’s oil and gas industry to cut the cost of production in order to survive in the face of the global energy transition.
The NNPC called on stakeholders in the industry to join in working towards reducing operations cost to achieve the $10 or less per barrel production cost target.
The Group Managing Director of NNPC, Mallam Mele Kyari, made the call on Tuesday at the launch of the Nigerian Upstream Cost Optimisation Programme in Abuja.
Speaking at the event, the NNPC boss said the current reality dictated by the global energy transition and demand erosion occasioned by the COVID-19 pandemic has made cost optimisation imperative.
said he did not go to the meeting with b.p. and he was both surprised and offended that baldwin and his partner walked away with $2 million when neither one of them invested in the company to begin with. shepard: did costner s oil operators work in we covered them at the time but i never heard an trace. trace: at first the oil was so thick it gummed up the machines and then a little later on they worked a little bit better but not nearly as go as costner said they were going to work. remember this? that is what the machine was intended for. to be a first line of defense against oil spills. it enabled to us protect an ecosystem that cannot protect itself. trace: the truth is costner s technology was no boater than any other technology on the market at the time but because of his celebrity and his high from file lobbying, he is the one that got pushed to the front of the lip. today in court, as the jury