In a significant development, Tesla Inc has reported record quarterly deliveries far exceeding Wall Street’s estimates, as it rides out global chip shortages. The development the sixth consecutive quarter for Tesla, the world’s most valuable automaker, wherein it posted record deliveries…. Read More ›
boost production
US to auction 32M of sour crude from 4 Strategic Petroleum Reserves sites
In a statement, the US Department of Energy said, the United States has launched an auction for 32 million barrels of crude from four strategic petroleum reserves (SPR) sites which will be delivered between late-December and April 2022. Washington’s sale… Read More ›
China’s state run Zhenhua Oil clinches oil deal in Iraq
The deal will be formalized today in a ceremony in which Zhenhua Oil is expected to commit to building an “oil residential complex” in Iraq’s East Baghdad oilfield, a super giant. A spokesman for Iraq’s oil ministry disclosed that it… Read More ›