Investigation opened into Orlen’s alleged links with Hezbollah
The Polish National Prosecutor’s Office has launched an investigation into the Orlen oil group, following allegations of an executive’s links with Hezbollah and massive financial losses.
The Polish National Prosecutor’s Office has launched an investigation into the Orlen oil group, following allegations of an executive’s links with Hezbollah and massive financial losses.
Saudi Aramco CEO Amin Nasser stresses the crucial role of the global South in future hydrocarbon demand, and calls for balanced investment between renewables and fossil fuels.
Baker Hughes CEO Lorenzo Simonelli presented a balanced view of the global oil market on the first-quarter earnings call, noting rising international activity offset by a slowdown in North America and the US gas basins.
At the World Economic Forum in Riyadh, Patrick PouyannĂ©, CEO of TotalEnergies, criticized the current development of green hydrogen as still at an “embryonic stage”, and promoted biofuels as a priority solution for reducing emissions.
The rapid escalation between Iran and Israel threatens the stability of world oil markets, with serious implications for maritime trade and energy security.
The latest OPEC+ data show a slight rise in production in March, despite Saudi efforts to ensure strict compliance. S&P Global’s analysis points to a potentially volatile market.
In Paris, engineering company Kayrros harnesses satellites and AI to detect methane leaks, helping to fight global warming more effectively.
OPEC+ countries with overproduction in the first quarter of 2024 must submit their compensation plans by April 30, a move designed to stabilize the market.
According to Aramco’s CEO, the current energy transition strategy is ineffective, with a persistent dependence on fossil fuels.
The Houthis have warned Saudi Arabia of a possible target, should it assist the US-led coalition’s attack on Yemen.
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