The U.S. Energy Information Administration is overestimating U.S. crude oil production by 100%, Continental Resource’s founder and CEO Harold Hamm said Wednesday in a Fox Business interview, Oilprice.com reported.
The UK oil and gas industry, both offshore and onshore, have reacted to a study by University of Edinburgh scientists suggesting the UK hydrocarbons reserves may only last another decade, Kallanish Energy reports.
Crude oil prices slipped on Thursday moving away from gains of as much $1.15 on Brent prices a day before, as markets wait to see what comes out of the joint OPEC and non-OPEC meeting in Vienna today.
U.S. President Donald Trump has made headlines on Tuesday after its debut UN speech, where he signalled the U.S. would pull out of the nuclear deal agreed with Iran and other Western powers, Kallanish Energy reports.
Oman will sign the construction agreement on the first utility-scale wind power plant in the country and the GCC on October 22, with works starting by year-end, the Sultanate’s Ministry of Foreign Affairs (MOFA) said on Monday.
Russia and Paraguay signed on Tuesday an intergovernmental agreement on cooperation for peaceful use of nuclear power during the 61st IAEA General Conference in Vienna, Rosatom said in a statement.