On Tuesday, during a video conference, the OPEC+ ministerial monitoring committee confirmed the earlier decision to increase oil production by 350,000 barrels per day (bpd) in May, and by another 350,000 bpd and 450,000 bpd in June and July, respectively.
Infrastructure for electric cars in Europe is not developing quickly enough and that could get in the way of the rapid rise in the number of vehicles on the continent, the European Court of Auditors says.
U.S. international oil company Chevron is supporting a project to create a new type of floating wind power installation in the Atlantic.
Project partners GASCADE, Gasunie, RWE and Shell have signed a declaration of intent to further intensify their collaboration on the AquaDuctus project – a gas pipeline to carry “green” hydrogen from the North Sea to Germany.
There will be no return to Russia’s record pre-crisis oil production figures before 2025, The Ministry of Economic Development said.
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