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EU considering $62/bbl for Russian oil cap
European Union states debated whether to set a price cap as low as $62 a barrel on exports of Russian crude oil after several countries demanded a level that could put more pressure on Moscow, but the talks remain stuck,…
Artemis: Nasa’s Orion capsule breaks distance record
The US space agency’s Orion capsule has reached a key milestone on its demonstration mission around the Moon, NASA reported. On Monday, it moved some 430,000km (270,000 miles) beyond the Earth – the furthest any spacecraft designed to carry humans…
Goldman Sachs holds on to bullish 2023 outlook for oil
Despite the prevailing downtrend in the prices of oil and gas in the export market, investment bank Goldman Sachs insists that 2023 will be a rewarding period for exporters who would have capacity to respond to strong demand from recovering…
Biden relaxes sanctions on Venezuela, Chevron to resume ops
The U.S. government is allowing Chevron to pump Venezuelan oil, following an agreement signed by representatives of President Nicolás Maduro and the opposition aimed at helping Venezuela out of its crisis. Venezuela’s government and its opposition on Saturday agreed to…
Refinery crunch pushes global diesel crisis
Inability of the global midstream capacity to produce adequate distillate fuels is behind the global supply crisis rocking industries that are fired with diesel and kerosene, mainly the transport and logistics industries. And the prevailing supply crisis and acute shortage…
Johnny Depp returns as Captain Jack Sparrow
Johnny Depp is reportedly set to make a shock return as Captain Jack Sparrow in the Pirates of the Caribbean franchise. The Sun newspaper claims a source told them the actor is scheduled for a test shoot in the United…
Belarus foreign minister Makei dies suddenly
Belarus’s long-standing foreign minister has died suddenly, the state news agency Belta reported on Saturday, two days before he was meant to meet his Russian counterpart. “Foreign Minister Vladimir Makei has passed away suddenly,” Belta reported without giving further detail….
Sinopec confirms 146 Bcm reserves in new shale basin
China’s Sinopec declared weekend that it has confirmed significant 146 billion cubic meters (bcm) of certified proven natural gas reserves in a new shale gas field in the Sichuan basin. The shale gas reserves at the Qijiang shale field in…
MIT reports breakthrough in solid-state lithium battery development
Massachusetts Institute of Technology’s new discovery could finally usher the development of solid-state lithium batteries, which would be more lightweight, compact, and safe than current lithium batteries. The growth of metallic filaments called dendrites within the solid electrolyte has been…
Ukraine decrees $24.3 m food aid to Nigeria, others
Despite suffering crushing blows in the lingering Russian invasion of the country, the government of Volodymyr Zelenskyy of Ukraine has decided to send up to 125,000 tons of wheat or corn as humanitarian aid to four countries in Africa and…
