Live Breaking News & Updates on Largest Ever Demand
Stay updated with breaking news from Largest ever demand. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
7 hours U.S. Oil Imports From OPEC Plunge To Lowest Since 1973 10 hours Mexico’s Private Oil Companies Could Add 700,000 Bpd By 2030 11 hours Senate Reinstates Methane Emission Rules For Oil, Gas Industry 1 day Major Chinese Investors Could Buy Stake In Aramco 1 day Oman s National Oil Firm To Sell Off Assets To Fund $8 Billion In Spending 1 day Brent Crude Loadings Could Stop If Workers Go On Strike In Mid-May 1 day Alberta Wins “Turn Off Oil Taps” Court Battle 1 day Uganda Set To Launch Tenders On Massive Oil Project In December 1 day BP Resumes Buybacks After Q1 Profit Triples 1 day Canada’s Oil Sands In Trouble As COVID Cases Soar ....
23 hours Scientists: Bacteria Could Be Used To Source Copper 1 day Oil Trading Giant Looks To Enter The Permian Through Major Asset Sale 1 day Chesapeake Considering Texas Asset Sale 2 days Shell Raises Dividend As Q1 Earnings Jump On Higher Oil Prices 2 days U.S. Oil Imports From OPEC Plunge To Lowest Since 1973 2 days Mexico’s Private Oil Companies Could Add 700,000 Bpd By 2030 2 days Senate Reinstates Methane Emission Rules For Oil, Gas Industry 3 days Major Chinese Investors Could Buy Stake In Aramco 3 days Oman s National Oil Firm To Sell Off Assets To Fund $8 Billion In Spending 3 days Brent Crude Loadings Could Stop If Workers Go On Strike In Mid-May ....
Friday, April 30th, 2021 Oil prices posted gains for much of this week but traded down on Friday. A bit of profit-taking after strong gains, combined with concerns about the worsening outlook in India, likely contributed to the move down. Exxon and Chevron report big boost in profit. ExxonMobil (NYSE: XOM) reported $2.7-billion profit in the first quarter, and Chevron (NYSE: CVX) said it earned $1.4 billion. Shale CEOs stick with restraint, mostly. Ovintiv (NYSE: OVV) CEO Doug Suttles told Bloomberg that the industry is maintaining capital discipline. At the same time, Continental Resources (NYSE: CLR) said that it would ramp up activity in the Bakken this year. ....
4 hours Scientists Find Cheap And Easy Way To Extract Lithium From Seawater 5 hours EU Approves $21B Green Transition Fund 7 hours Renewables Was Sole U.S. Energy Source With Rising Consumption In 2020 3 days Russia Claims Its Compliance With OPEC+ Cuts Was Almost 100% In May 3 days Peak Oil Demand May Be Ten Years Away 3 days Uganda Picks Four Firms For New Oil Exploration Round 4 days U.S. Natural Gas Storage Capacity Hardly Increased Since Start Of Shale Boom 4 days Russia Bets On Waste-To-Energy Plants 4 days Canadian EV Maker Unveils World s First Crypto-Mining Car 4 days Brazil’s Worst Drought In 91 Years Is Good News For LNG ....
As the Covid-19 pandemic began to spread last year, I developed an idea. I hypothesized that the pandemic would cause a permanent dent in oil demand. I covered that hypothesis in a couple of articles last year, including Will Covid-19 Hasten The Demise Of Fossil Fuels? My reasoning was that the large scale move to telework would prove to be very popular, and some companies would simply continue to business that way. Meetings that required people to fly halfway across the country could easily be done by teleconferencing. Once people were forced to adapt to this, they would embrace the advantages and the potential costs savings. I have participated in many such meetings over the past year, and the convenience vastly trumps the travel required to meet in person. ....