Oil

Oil prices witnessed a downturn this Monday, continuing the trend from the previous session. This decline comes in the wake of a strengthening dollar, fueled by evolving speculations around U.S. interest rates. Such financial adjustments have been a significant factor in restraining the growth of global fuel demand. Brent crude futures experienced a slight drop of 14 cents, settling at $81.48 a barrel, while West Texas Intermediate crude futures saw a decrease of 22 cents, closing at $76.27 a barrel. The…

Kia India has issued a voluntary recall for 4,358 units of its popular Seltos SUV equipped with the petrol CVT (Continuously Variable Transmission) gearbox. The reason for the recall lies in a potential issue with the electronic oil pump controller, which could impact the vehicle’s performance and drivability. Kia Seltos The affected Seltos units were manufactured between February 2023 and July 2023. Kia has identified a “potential error” in the electronic oil pump controller, a crucial component that…

CLIMATEWIRE | Chicago filed suit Tuesday against six oil companies and an influential industry ally, joining the ranks of local governments looking to hold fossil fuel producers financially accountable for the effects of climate change.The lawsuit filed in Cook County Circuit Court accuses the companies, their subsidiaries and industry trade association the American Petroleum Institute of waging a campaign to discredit climate science and mislead the public about the dangers of burning fossil fuels.“While defendants have…

Plans to store used nuclear fuel temporarily in the Permian Basin could boost the nuclear sector, but oil-and-gas producers are pushing back. Plans to store used nuclear fuel temporarily in the Permian Basin could boost the nuclear sector, but oil-and-gas producers are pushing back. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks…

Nigeria’s crude oil production dropped in January, data from the Organisation of Petroleum Exporting Countries (OPEC) has shown. Oil production from the 12 members of the organisation averaged 26.34 mb/d in January 2024, lower by 350,000 barrels per day (tb/d), month-on-month, OPEC said in its Monthly Oil Market Report released Tuesday. The report also noted that crude oil output increased mainly in the UAE, Saudi Arabia and Venezuela, while production in Libya, Kuwait, Iraq and Algeria decreased. Nigeria’s crude…

A new study has found that, in mouse models of prostate cancer, a compound extracted from sandalwood oil was effective in slowing the onset and growth of tumors and resulted in cell death. Further research will explore whether the extract can be used to treat prostate cancer in humans.While early detection and treatment have improved outcomes for men with prostate cancer, standard treatments such as radio- and chemotherapy can be less effective against advanced forms of the disease – time, then, to look for alternative…

Autry Stephens, 85, said he is selling the oil driller he founded, Endeavor, sooner than he would have liked. Autry Stephens, 85, said he is selling the oil driller he founded, Endeavor, sooner than he would have liked. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors.…

French oil major TotalEnergies has announced plans to sell its minority stake in a major Nigerian oil joint venture. The firm said it wants to divest its share of Shell Petroleum Development Company of Nigeria Limited (SPDC) and is looking to reshape its portfolio since producing oil in the Niger Delta is not in line with its health, security and environmental policies. “We want to divest our share of SPDC, and we are looking to reshape the portfolio. “Fundamentally it’s because producing this oil in the Niger…

U.S. giants join Shell in posting strong earnings, but face an uncertain outlook as countries vow to phase out fossil fuels. U.S. giants join Shell in posting strong earnings, but face an uncertain outlook as countries vow to phase out fossil fuels. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all…

Tootbus, a prominent sightseeing bus company around Europe, has partnered with electric fleet specialist VEV to deliver more sustainable mobility across its entire operations. Tootbus is currently operating buses that run on hydrotreated vegetable oil but is adopting BEV and solar technology with VEV’s help. Tootbus describes itself as the world’s first clean energy sightseeing bus company, specializing in hop-on hop-off tours around Europe, including Bath, London, Paris, and Brussels. With such…