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Latest Articles from Leonid Agapov

Latest Articles from Leonid Agapov
oilprice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilprice.com Daily Mail and Mail on Sunday newspapers.

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UAE Presents Phenomenal Plan To Boost Its Position As Oil Hub

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UAE Presents Phenomenal Plan To Boost Its Position As Oil Hub
By Simon Watkins - Apr 06, 2021, 7:00 PM CDT
Three key developments were announced last week by the UAE in line with its role as a principal member of the U.S.’s new Middle East strategy to counter China’s dramatically increasing influence over the region: plans for a major economic expansion; plans to attract more oil trade into new contracts; and plans to counter Iranian threats to oil supplies through the Strait of Hormuz.
The first of these developments - announced by UAE Vice President and Prime Minister, Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister of the UAE and ruler of Dubai – is ‘Operation 300 Billion’. This is an initiative that intends to raise the contribution of the UAE’s industrial sector to AED300 billion (US$81 billion) from the current AED133 billion within the next 10 years. The objective will be achieved in large par ....

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Latest Articles from Max Gibson

Latest Articles from Max Gibson
oilprice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilprice.com Daily Mail and Mail on Sunday newspapers.

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Copper Prices Jump After Leading Producer Chile Closes Its Borders

3 hours
Record High COVID Cases Could Stall India’s Oil Imports
5 hours
Lawsuits Pour In After Texas Freeze Pushes Bills Sky-High
6 hours
Tesla Stuns With Record Q1 Delivery Numbers
7 hours
Suez Canal Traffic Jam Clears
3 days
U.S. Govt. Says Federal Land Drilling Program Is “Broken”
3 days
Mozambique Says Total’s LNG Project Is Safe From Militants
3 days
U.S. And Iran Set To Hold Indirect Talks On Nuclear Deal
3 days
India Set To Review ‘Unfair’ Oil Import Contracts With Saudi Arabia
3 days
EVs, Smart Appliances Pose Cybersecurity Risks
4 days
Oil Demand Boosted By Highest Number Of Flights Since COVID Started ....

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Soaring Methane Emissions Suggest U.S. Oil Production Is Bouncing Back

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Soaring Methane Emissions Suggest U.S. Oil Production Is Bouncing Back
By Irina Slav - Apr 05, 2021, 5:00 PM CDT
U.S. oil production remains about 2 million bpd lower than its pre-pandemic levels. Still, methane emissions are already back to their levels from before the coronavirus. Worrying as this is in itself, it could also threaten energy companies’ long-term growth prospects because investors’ priorities are changing. What investors want from oil and gas now is not just stable returns but a lower carbon and methane footprint.
The Financial Times reported recently, citing data from the Environmental Defense Fund, that methane emissions in the U.S. shale patch had rebounded to pre-pandemic levels already, after dropping sharply as oil and gas production dropped last year amid the pandemic. Methane is a much more powerful greenhouse gas than carbon dioxide, although it dissipates faster in the atmosphere and has recently been garner ....

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