What's behind oil companies' advocacy for climate change technology

The oil industry appears to be doing well by most accounts. The demand for oil and gas is still very strong, and the industry made remarkable profits last year. But the industry is also feeling the heat to solve the climate crisis, and it wants a piece of the federal government's massive pie ...

GOVERNMENT POLICY TOOK A TOLL ON IMPORTS OF REFINED PALM OIL

Indian's palm oil imports fell to half in October and November 2019. It happened after the initiation by the government to boost the domestic oil industry. India heavily relies on imports to fulfill its edible oil needs. The government decided to raise the import duty on refined palm oil from...

Total reports 2 million bpd of crude oil supply to be off market

Based on the latest update from the oil industry, the markets have lost 2 million barrels per day (bpd) of crude oil this year owning to geopolitical issues. The news was confirmed by a senior executive from the French Oil and Energy group Total.

U.S. sanctions on Iran and Venezuela alo...

The oil-dependent United Arab Emirates is enthusiastic about new tech companies and A.I.

The United Arab Emirates (UAE) is facilitating its push into innovation and man-made reasoning, in an offer to future-verification its oil, exchange and the travel industry subordinate economy. In the capital of Abu Dhabi where about 90% of focal government income originates from the hydrocarbon ...