On Tuesday, a spokesman for Sri Lanka’s cabinet said, Sri Lanka has started negotiations with China on refinancing its debt as it struggles to manage its worst financial crisis in decades. “Now since the IMF is willing engage with Sri… Read More ›
fuel
Shortage of truck drivers ripple through British economy
On Wednesday, in a statement British Prime Minister Boris Johnson said, the government was preparing to ensure fuel supply chains were running smoothly for the run-up to Christmas as he tried to quell public fears of panic buying of fuel… Read More ›
Bill Gates co-founded TerraPower LLC looking for new partners pursuing nuclear energy
TerraPower aim to use depleted uranium as the fuel for its nuclear reactors. As per a report from the Wall Street Journal, a nuclear energy venture co-founded and chaired by Bill Gates is looking for a new partner for early… Read More ›
Saudi Aramco to investment $150 billion in the next 10 years: CEO Amin Nasser
The Saudi energy giant is positioning itself to tap the booming LNG market – a much cleaner fuel compared to pollution-heavy crude oil. On Tuesday, Saudi energy giant Aramco stated, its gas program is likely to draw $150 billion in… Read More ›
Exxon Mobile Corp eyeing multi-billion upgrade of its Singapore refinery
The potential development comes ahead of the introduction of global shipping fuel rules, set to be introduced in 2020, which see sulphur component in marine fuel dip to 0.5% from 3.5%. According to a senior executive from Exxon Mobil Corp,… Read More ›
Venezuela takes step to block multi-billion oil smuggling business
Oil prices in Venezuela are set to rise to international levels. However, Venezuelans who register their vehicles in the vehicle census that is being carried out by his government will continue to receive subsidized fuel prices. Through a televised address,… Read More ›
Rising fuel costs threatening global airlines profit outlook: IATA
Rising fuel costs and geopolitical tensions along with a host of other factors are adding to the risks of the airlines industry, despite a stronger global economy pushing up passenger yields. On Monday, airline operators across the globe have slashed… Read More ›
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