Texas Oil Regulator Opens Probe After Earthquakes Hit the Permian
The Railroad Commission of Texas, the oil regulator in America’s top oil-producing state, has opened a probe after a series of earthquakes hit the Permian basin last week. Last week, dozens of tremors were registered in counties close to oil and gas operations in Texas. West Texas was hit by several earthquakes, the largest measuring 5.1 on […]
OPEC: Oil Is Indispensable for Global Electrification
Oil and petroleum-based products are indispensable in the process of increasing electrification and expansion of power grids globally, OPEC Secretary General Haitham Al Ghais said on Monday, noting that the energy mix is not a zero-sum game. The head of OPEC criticized claims that there would be only one winner in the drive to “electrify […]
India Plans To Raise Oil Refining Capacity to 6.2 Million Bpd by 2028
India expects to boost its refining capacity by around one-fifth to have 6.19 million barrels per day (bpd) of crude processing capacity by 2028, according to its junior petroleum minister. The rise in refining capacity will be needed to meet growing domestic fuel demand, Reuters quoted on Monday junior petroleum minister Suresh Gopi as saying in a […]