The difference between sweet and sour crude oil
18 March 2019 |
10:51 am
Not all oil is created equal. There is a surprising difference in price between the U.S. and Dubai benchmarks of oil.
Related
5 Mar
A French court has rejected a demand to suspend a controversial oil and gas project largely owned by energy giant TotalEnergies in East Africa. But a lesson could be drawn from the verdict.
1 Mar
Germany has said it wouldn't be buying Russian crude oil this year as it weans itself off its erstwhile biggest energy supplier. But an oil deal with Kazakhstan means Moscow would continue to hold some sway over Berlin.
5 Mar
An explosion on a Nigerian oil pipeline owned by Shell killed at least 12 people on Friday (March 3), authorities at the scene said, while members of the affected community in Emohua said they feared many more had died in the blast.
9 Mar
Tunisia is one of the biggest olive oil producers in the world. Now one company has found a way to use the considerable leftover biomass from making the oil by turning it into heating briquettes.
14 Mar
Saudi Arabia's national oil producer Aramco achieved "record" profits totaling $161.1 billion, a nearly 50% increase. The firm saw prices skyrocket after Russia invaded Ukraine, leading to soaring global energy prices.
16 Mar
The Democratic Republic of Congo wants more money for climate projects. Otherwise, oil drilling could replace fishermen in the world's largest peat bog. And that could spell devastation for the environment.
24 Mar
Thousands of people in Nigeria's Niger Delta region are suing oil giant Royal Dutch Shell over alleged damage to their communities. They hope to convince a British court that Shell's exploration activities have polluted their rivers and water supplies.
3 Apr
The oil production cuts will total more than a million barrels per day — the biggest reduction since OPEC slashed two million barrels a day in October.
4 Apr
An unexpected OPEC production cut announcement has pushed up the price of oil. Besides reducing the amount of oil for sale, the move could also play into the hands of Russia and refill its war chest.
10 Apr
Guyana is one of the Caribbean’s poorest countries. But now huge oil reserves have been found off the country's coast. That’s raised hopes it will soon be as rich as Qatar. Activists warn of the potential environmental fallout.
11 Apr
Lawyers representing more than 13,000 Nigerians argued at London's High Court on Tuesday (April 4) that Shell is attempting to shield itself from scrutiny over pollution in Nigeria.
15 Apr
One traditional method of making edible palm oil in Nigeria involves stomping on the fruits. Some food experts say the use of feet in the production process could pose a hygiene risk.
Latest
1 hour ago
Angelina Jolie is collaborating with French luxury house Chloé to unveil hew new capsule collection for sustainable fashion label Atelier Jolie.
1 hour ago
The spiritual leader of the world’s 1.3 billion Catholics has suffered several health issues in the last year, but the pontiff is recovering well from his operation, the Vatican has said.
2 hours ago
France, Portugal and Spain, as well as the US, are joining the fight to put out hundreds of active wildfires in Canada. Heavy smoke from wildfires has traveled thousands of miles and shrouded many US cityscapes.
3 hours ago
Northeastern states in the US are experiencing historically high levels of air pollution due to wildfires in Canada. Experts say these types of situations will only increase in the future as the climate warms.
3 hours ago
English midfielder Jude Bellingham is set to leave Borussia Dortmund for Real Madrid, the Bundesliga club have confirmed. The teenager has scored 24 goals in 132 appearances for BVB.
4 hours ago
The former US vice president is launching a bid for the White House. This is no normal set of circumstances for Mike Pence, who was loyal to former US President Donald Trump for years, only parting ways with him after the Jan. 6 attack on the US Capitol. Pence is polling in the single digits and along with former New Jersey Governor Chris Christie is entering a growing field of Republican candidates challenging Donald Trump, who is the current frontrunner by far.