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An Unexpected Benefit of Online Casinos in Brazil: Supporting the Energy Sector

by admin|04 September 202404 September 2024|News

In a surprising turn of events, the Brazilian government has found a new ally in its fight against inflation and energy challenges: online casinos and crash games, like Aviator operators. By introducing additional taxes on these rapidly growing sectors, the...

Libya’s Oil Industry in 2024: Challenges and Prospects

by admin|27 August 202427 August 2024|Industry News

In 2024, Libya's oil industry is navigating a complex landscape marked by both significant challenges and promising opportunities. The Libyan National Oil Corporation (NOC) has set ambitious goals to increase production capacity to two million barrels per day within the...

Europe Faces Negative Power Prices Amid Renewable Energy Surge

by admin|21 August 202421 August 2024|Environment News

In recent months, Europe has witnessed a surprising and significant economic event: negative power prices. This phenomenon, where electricity producers must pay consumers to take their power, has raised eyebrows across the continent. While it may seem counterintuitive, negative power...

Decline in US Oil & Gas Jobs Amid Record Production

by admin|12 August 202412 August 2024|Industry News

The US oil and gas industry is experiencing a paradoxical trend: record-breaking production levels coupled with a significant decline in employment. Despite the United States achieving unprecedented oil and gas output, the number of jobs in the sector has been...

ONGC’s Discovery of Five New Oil and Gas Sources Boosts Indian Industry

by admin|07 August 202407 August 2024|News

India’s Oil and Natural Gas Corporation (ONGC) recently announced the discovery of five new oil and gas sources, marking a significant development for the country’s energy industry. These discoveries were made in multiple regions, both onshore and offshore, and promise...

Oil Prices Recover After Israel Retaliates Against Hezbollah

by admin|31 July 202431 July 2024|News

Oil prices saw a partial recovery on Tuesday following Israel's military response to Hezbollah's recent attacks. The geopolitical tensions in the Middle East have once again highlighted the region's critical role in global energy markets, causing fluctuations in oil prices....

US Administration Purchases 4.65 Million Barrels of Crude Oil for SPR

US Administration Purchases 4.65 Million Barrels of Crude Oil for Strategic Petroleum Reserve

by admin|31 July 202431 July 2024|News

In July 2024, the Biden-Harris administration made a significant move to bolster the United States' energy security by purchasing 4.65 million barrels of crude oil for the Strategic Petroleum Reserve (SPR). This acquisition is part of a broader effort to...

Brexit & The Oil Industry

by admin|20 June 202331 January 2024|Featured News

According to Stephen Brennock, an oil analyst at PVM Oil Associates Ltd., one area of concern is the prospect of a hard Brexit breathing fresh life into a Scottish bid for independence. “A Scottish secession would have serious consequences for...

OFTEC Ireland Urges Government For Carbon Reduction

by admin|13 June 202301 February 2024|Featured News

OFTEC Ireland, the body representing the liquid fuel heating industry in Ireland, is urging the Irish Government to take a more realistic approach to reduce carbon emissions where the home heating sector is concerned. OFTEC is encouraging the government to...

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Oil dealer begins delivering new, cleaner blend of heating oil – OilFiredUp

by admin|04 June 202301 February 2024|Featured News, Industry News

Maine Energy Marketers Association have announced that all oil dealers in Maine and New England are required to deliver a new, cleaner home heating oil that will reduce emissions and burn more efficiently.MEMA reports the new blend has 99% less...

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