ADNOC announced that one of its new trading entities, ADNOC Trading, has started derivatives trading as a direct market participant.
Rapper, singer, songwriter and Chief Executive Office of Oosha Empire, Badmus Akeem popularly known as Baddy Oossha has released new project ‘September 30 the EP” on several digital platforms.
Petrochemicals producer Formosa Plastics USA was heard resuming production at its high density polyethylene film unit, sources said Oct. 2.
The Russian Energy Ministry will assess the impact of new fiscal measures for oil companies in respect of hydrocarbons production, Minister Alexander Novak told reporters on Friday.
Crude oil prices finished the week ending Oct. 2 below $40 after news that US President Donald Trump and his wife tested positive for the coronavirus.
Net profit of Transneft under IFRS, attributable to shareholders of the company, in the first half of 2020 decreased in annual terms by 32% to 72 bln rubles ($917.38 mln), the company said on Friday.
Petroleum products transportation gained 3% at the same time and totaled 19.8 mln tonnes.
OPEC’s long-term prospects took a hit in recent weeks, with BP declaring peak oil demand may have already been reached, California mandating a phaseout of internal combustion engine cars by 2035 and China vowing to be “carbon neutral” by 2060.
The measures to support petrochemicals in Russia can attract 2.6-4.6 trillion rubles in investments into the industry during 2020-2030.
The United Arab Emirates is continuing to diversify its economy & energy resources away from oil, by investing in natural gas and renewables.