Category: Highlights

The U.S. is discussing with its European allies a price cap on Russian oil. The goal is to keep Russian oil flowing into international markets but curb budget revenues from it to discourage Russia from continuing the war in Ukraine. Theoretically. The situation is not dissimilar to wanting to eat your cake and have it, too. On the one hand, both the U.S. and Europe, suffering the most severe consequences of sanction action so far, are aware that banning Russian oil from international markets would hurt them even more. On…

Read More

LONGi CARE IN PAKISTAN LONGi SOLAR TECHNOLOGY CO., LTD. and University of Education (UE’s) UE Business School (UEBS) & Center for Professional Development (CPD) signed a MoU. According to this MOU, LONGi will offer several benefits to CPD and facilities UE students for industrial visits and internship, Job opportunities for UE graduates. CPD can start open enrollment programs and invite speakers from LONGi solar and they will sponsor certain events and educational activities in the university of education. This mutual relationship helps to keep the momentum of industry and educational…

Read More

The Strategic Petroleum Reserve release in the United States—a large one designed to release a million barrels per day from storage into the commercial markets—is creating a bit of a problem for the Canadian oil industry. All crude oil grades aren’t equal, and a large share of what the SPR is releasing into the Gulf Coast area is heavy sour crude—a similar grade to the oil shipped down from Canada. The heavy Mars and Poseidon grades—both hailing from the GoM area and both heavy grades—are getting lost in the sea…

Read More

The International Energy Agency (IEA) and other regional bodies have repeatedly stated the importance of natural gas in supporting a transition away from fossil fuels to renewable alternatives. It is viewed as a less dirty energy source than others, particularly coal, leading many to acknowledge the need to maintain natural gas production to meet global energy demand. As Europe and North America search for other regions to fill the gap created by introducing sanctions on Russia, several countries across Africa could play an integral role in supplying the region and…

Read More

When news broke last week that President Biden was planning a Middle East visit that would include Saudi Arabia, many an industry observer saw in this signs of “thawing” relations between Washington and Riyadh. They also saw the prospect of lower oil prices. It was, after all, to lower prices that Biden was planning this visit. Unfortunately, things are never that simple. While it is a nice thought that a single visit to Saudi Arabia could convince them to open the oil taps and send prices falling, the reality is…

Read More