Day: October 11, 2022

Not many saw that coming. Not even the traditionally most bullish takers on oil market. Observers have termed the latest moved by Saudi led Opec Plus cartel nothing short of a slap on Biden administration. Saudi Arabia and Russia have got uncomfortably close for the West’s likings, especially as the US made attempts to persuade the Kingdom to stay clear of any major production cuts. As fears of global recession gained traction, and central banks around the world opted for more tightening, Opec Plus feared it was being cornered. The…

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When choosing a solar power plant, individuals and businesses pay the most attention to its power – after all, this will determine how much electricity will be produced. Other equipment, systems and sensors that allow monitoring and analysis of the operation of the power plant are often underestimated. But they shouldn’t be: the solar power plant will be used for several decades, so various failures and poor-quality monitoring can have a significant impact on the efficiency of electricity The efficiency of a solar power plant is affected by many factors,…

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The Strategic Petroleum Reserve’s (SPR) oil is sold competitively when the President of the United States of America finds, pursuant to the conditions set forth in the Energy Policy and Conservation Act (EPCA), that a sale is required. In the past, oil resources were withdrawn from the SPR to meet domestic oil requirements – such as Emergency Drawdowns, Non-Emergency Sales, SPR Modernization Sales, and Mandated Sales.  In March 2022, such orders were issued by the President of the United States, Joe Biden. President Biden has decided to open the SPR to mitigate the…

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