Wednesday, July 3, 2024

Oil

Exxon accurately predicted climate crisis in 1970s yet denied climate science

Predictions made by ExxonMobil’s own scientists in late 1970s and early 1980s about the impact of fossil fuels on climate change and future global warming were very accurate

Cuba brings worst ever oil facility fire under control

The fire destroyed 40% of the island's main fuel storage facility before it was controlled.

Iran, Russia sign $40 billion energy cooperation deal

Tehran calls it the largest foreign investment commitment in the history of the Iranian oil industry

Oil falls below $100 per barrel as recession fears mount

Oil sees biggest daily percentage drop since March

Pakistan open to buying cheap oil from Russia if no sanctions imposed, says Finance Minister

Russia has not offered us any oil, said FM Ismail in an interview to CNN.

No IMF package until fuel, energy subsidies revoked

A staff-level agreement couldn't be reached because of government’s inability to increase fuel and electricity prices.

Pakistan condemns Houthi attacks on Saudi oil facility in Jeddah

Saudi Aramco’s Jeddah oil depot hit by Houthi attack

PSO and Pakistan Railways sign MoU to transport oil by rail

Pakistan Railways strengthens its strategic partnership with PSO

Pakistan Refinery announces $1.2 billion expansion plans

The expansion will enable the refinery to process up to 100,000 barrels of crude oil per day

US announces release of 50 million barrels from oil reserves

US will release 50 million barrels of crude from the Strategic Petroleum Reserve

Latest News

South Korea’s KAI signs $1.4 billion deal to launch mass production of homegrown KF-21 fighter jets

Nine years after the development of South Korea’s KF-21 Boramae began, the Korean government finalized a significant deal with Korea Aerospace Industries for the production of 20 fighter jets