AJ Impact

Cyprus says Putin to help defuse East Med tensions with Turkey

Cypriot gov't official said Russia's Putin made the promise in a 45-minute telephone chat with the Cypriot president.

Cyprus says Putin to help defuse East Med tensions with Turkey

AJ Impact

Saudi Arabia posts $29bn 2Q deficit as low oil prices bite

Second quarter oil revenues fell by 45 percent year-on-year to $25.5bn after the pandemic decimated crude demand.

Saudi Arabia posts $29bn 2Q deficit as low oil prices bite

AJ Impact

Hyundai's hydrogen U-turn: Now it wants electric supremacy

The Korean carmaker was an early backer of hydrogen fuel-cells, but Tesla has streaked ahead with battery-powered cars.

Hyundai's hydrogen U-turn: Now it wants electric supremacy

AJ Impact

Is peak oil finally here? OPEC prepares for age of falling demand

Oil producers' cartel is reportedly preparing for a permanent reduction in oil demand following coronavirus pandemic.

Is peak oil finally here? OPEC prepares for age of falling demand

AJ Impact

Oil flows through Egypt's Sumed pipeline slow dramatically

Slump in flows reflects dramatically lower European fuel consumption as pandemic decimates demand.

Oil flows through Egypt's Sumed pipeline slow dramatically

AJ Impact

'Digital gold'- Bitcoin spikes above $10,000

Gains quickly fizzle, then the coin rallies again, climbing 4.7 percent to $10,357 as of 10:11am in New York.

'Digital gold'- Bitcoin spikes above $10,000

AJ Impact

Schlumberger cuts 21,000 jobs as pandemic pummels energy demand

The oilfield services company also posted a $3.43bn loss in the second quarter when crude prices dropped 33 percent.

Schlumberger cuts 21,000 jobs as pandemic pummels energy demand

AJ Impact

Here's another use for solar panels: Producing oil more cheaply

US oil giant Chevron is using solar energy to reduce its oil production costs in California, angering environmentalists.

Here's another use for solar panels: Producing oil more cheaply

AJ Impact

S&P ratings sees GCC debt rising by a record $100bn this year

S&P sees Gulf countries posting a $180bn deficit all together, as pandemic and low oil prices hammer revenues.

S&P ratings sees GCC debt rising by a record $100bn this year

AJ Impact

Oil bust acquisition: Chevron to buy Noble Energy in $5bn deal

All stock deal comes months after oil prices plunged to historic lows, bolsters Chevron's shale presence.

Oil bust acquisition: Chevron to buy Noble Energy in $5bn deal

AJ Impact

Here is what 'green' economic recovery in the EU could look like

More than 1,000 projects are reportedly lining up to receive money from the EU's $855bn recovery fund.

Here is what 'green' economic recovery in the EU could look like

AJ Impact

Methane gap: EU criticised for lack of action over greenhouse gas

Draft strategy shows EU is not hitting natural gas suppliers hard enough, environmental activists say.

Methane gap: EU criticised for lack of action over greenhouse gas

AJ Impact

US squeezes Venezuela oil by pressuring maritime companies

Several firms that certify vessels are seaworthy and ship insurers have withdrawn services to Venezuela.

US squeezes Venezuela oil by pressuring maritime companies

AJ Impact

Rooftop revolution: Coronavirus chill upends solar power industry

Solar power is second-fastest growing renewable source after wind, but COVID-19 has slashed demand for rooftop panels.

Rooftop revolution: Coronavirus chill upends solar power industry

AJ Impact

Iran cuts oil production to lowest in 40 years as storage fills

Tehran's exports fell to new lows as it struggles to find buyers for its sanctions-hit oil in an oversupplied market.

Iran cuts oil production to lowest in 40 years as storage fills