Oil Price The U.S. Export-Import Bank approved a loan guarantee of $500 million for a Bahrain oil project despite opposition from Democrats noting the move would compromise the Biden administration’s hard line on climate change. Last month, the Export-Import Bank voted to notify Congress that it plans to underwrite a loan of more than $100 million to the borrower, Bahrain’s
Oil Price Last month, energy consultancy Wood Mackenzie came out with a warning: the world was running out of oil, but not just any oil. It was running out of oil that can be extracted with a low carbon footprint. The report shined the spotlight on an issue that tends to get overlooked in the daily discourse on climate change and the fossil
Yahoo Finance HOUSTON – The two largest U.S. oil companies – Exxon Mobil Corp and Chevron Corp – disclosed plans to increase outlays on energy projects next year amid high oil demand and prices. While spending more, it will be less than half the combined $84 billion they spent in 2013, when oil prices often traded above $100 per
Reuters DUBAI (Reuters) – Iran has had to reduce oil production projects because of a lack of funds and a drop in income from oil exports, Oil Minister Bijan Zanganeh said on Tuesday, according to the official IRNA news agency. “All attacks are against us and the income from oil exports has been reduced. We have reduced many production projects
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