All Future Vehicles will be Electric by 2040 – CEO of Exxon
By 2040, all newly sold passenger cars will be electric, according to ExxonMobil CEO Darren Woods, who spoke to CNBC on Monday. For instance, just 9% of passenger car sales...
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French Businesses Switch to Oil From Gas Due to Uncertainty of Russian Supply
According to Reuters, major energy-intensive sectors in France are looking to adapt gas boilers to operate on oil as they get ready for further fall or cessation of Russian gas...
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OPEC Members Remain 1 Million Bpd Below Target in June
According to OPEC figures released on Tuesday, the ten OPEC producers that are part of the OPEC+ agreement produced 24.8 million barrels per day (bpd) of crude oil in June,...
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China Continues to Purchase Discounted Russian Crude
After importing roughly the same amount of discounted Russian crude oil in May, China probably imported an additional 2 million barrels per day (bpd) in June, keeping Russia as its...
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Russia’s Gazprom Demands Rubles For LNG
The proposal to include liquefied natural gas (LNG) in the rubles-for-gas programme was made public on Monday by a top official, days after Russia attempted to fully control the Sakhalin-2...
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Saudi Arabia May Further Increase Oil Prices for Asia
To benefit from robust premiums for Middle Eastern oil grades and record-high distillate margins, Saudi Arabia may increase its official selling price for crude oil delivered to Asia for the...
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Oil to Hit $200 if G7 Caps Price of Russian Oil – SEB Group
If the G7 is successful in capping the price of Russian crude oil, the chief commodities analyst at Swedish bank SEB Group predicts that oil prices will surge past $200...
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Nigeria to Address Energy Security by Investing in Several Gas Projects – Sylva
H.E. Mr Timipre Sylva, Nigeria's Minister of State for Petroleum Resources, announced the identification of 20 crucial gas projects during a roundtable discussion hosted by the African Energy Chamber. These...
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Nigeria Will Meet its OPEC+ Quota by August – Timipre Sylva
Nigeria's Minister of State for Petroleum Resources, Chief Timipre Sylva, stated last week that his country would be able to achieve its OPEC output quota by the end of August...
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Germany and Italy Drum Support for Fossil Fuel Investments
Germany and Italy have expressed support for reevaluating the official G7 policy on new fossil fuel investments in third countries, deviating from their previous position. Bloomberg was the first to...
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