Bitumen News

China And Russia Kick Off Joint Military Exercises In Sea Of Japan

Last month both countries conducted joint air patrol over the Seas of Japan and East China, demonstrating their deepened ties. China and Russia are 'answering' recent US-Japan drills...

Publish Date: 2023-07-23

Vitol Urged UK Government To Boost Liquidity During Energy Crisis

Giant commodity trader Vitol urged the UK government to pump in extra liquidity at the height of last year's energy crisis, Bloomberg has reported. Vitol CEO Russell Hardy...

Publish Date: 2023-07-23

India’s Reliance Posts Weak Profits On Underperforming Refining Segment

India’s largest energy company, Reliance Industries (NSE: RELIANCE), has posted lower-than-expected Q2 2023 profits after its petrochemicals and refining businesses underperformed. The oil-to-retail conglomerate owned by Asia’s richest...

Publish Date: 2023-07-23

Europe Backs Kazakhstan's Efforts To Sidestep Russian Influence

Via the Jamestown Foundation On June 20, after meeting with Kazakhstan President Kassym-Jomart Tokayev in Astana, German President Frank-Walter Steinmeier announced Germany’s recent endorsement of Kazakhstan’s efforts to...

Publish Date: 2023-07-23

African Solar Panels Are Cost-Competitive With China

Africa is home to 60% of the world’s highest quality solar resources, but has only 1% of the world’s installed solar power production capacity. An under-developed industrial sector...

Publish Date: 2023-07-23

Will The Bullish Momentum In Gold And Silver Markets Continue?

Via AG Metal Miner Precious metal prices (especially silver) began a brief rally on July 12 before retreating again. Whether or not the bulls are here to stay...

Publish Date: 2023-07-23

Could Renewable Energy Inverters Become A Threat To U.S. Grid Security?

America’s increasing reliance on intermittent power sources and batteries is creating novel risks, according to grid specialists who testified before Congress on July 18. Many of the greatest...

Publish Date: 2023-07-23

Queensland's $62 Billion Green Energy SuperGrid Gambit

Australia, the source of much of Asia’s coal supply, is expanding its energy interests with high hopes for a range of major renewable energy projects. The government has...

Publish Date: 2023-07-23

WoodMac: Brazil's Private Firms To Increase Oil Output By 75%

Global research and consultancy group Wood Mackenzie has predicted that Brazil's private oil companies will increase oil production by 75% from 1.221Mb/d to 2.123Mb/d by 2030. According to...

Publish Date: 2023-07-23

Weekly bitumen report: Strategies for Minimizing Supply Pressure and Meeting the Demands

Storage of crude oil and petrol decreased in America last week, indicating a positive outlook in the oil market, according to analyst John Ivans. The outlook for the...

Publish Date: 2023-07-23