Tag: Energy

In the vast expanse of South Texas, a quiet revolution is brewing beneath the surface - a revival of uranium mining. This resurgence marks...

Texas is known for its energy industry, primarily focused on oil and gas. However, there is a push to increase nuclear power in the...

Texas leaders are looking into expanding the state's nuclear power industry. The Public Utility Commission of Texas (PUCT) released a detailed report outlining the...

Solar panels have become a common sight on rooftops in Texas, thanks to a boom in the industry. However, not all homeowners are satisfied...

As we analyze the implications of a potential second term for President Trump on the energy sector, it is evident that his pro-oil stance...

Christi Craddick, the incumbent, has been re-elected to the Railroad Commission of Texas, the governing body that oversees the state's oil and gas industry....

Quarantine measures and the risks of catching the virus in crowded places has forced citizens to go to the country house. "RG" figured out how to connect the house to utilities and provide it with an electrical autonomy

Late in the evening of 12 April (outside of signing of this number in print), the energy Ministers of the OPEC countries+ will hold a new videoconferencia – apparently, for the final initialling of the text of the agreement on joint reduction in the production of "black gold". In Russia, many industry experts believe that, without this agreement, the domestic producers would have to cut the power in half. Now the barrel there is every chance that his price went back to the bar at $40, maybe even higher. So the cost of the "barrel" will help the domestic budget go a year without "holes" that need to be close from the reserve funds. However, for the oil industry, revenues from which fill about half of the Treasury, and the contract threatens to decline by 15%.

An emergency meeting of OPEC countries+ scheduled for April 9, which will be held in format of teleconference – the center of attention of market players all over the world. The stakes are high: either the States together fail to agree on the reduction of production volumes of "black gold", or the barrel will fall to record low levels, bringing the economies of producing countries, and so lying on the side of the pandemic, a new untold disaster. A lot depends on participation in the dialogue States that have not previously been aside from cutting production. According to preliminary data, the consent to capacity limitation gave Norway, Brazil, Colombia, Egypt, Mexico, and Canada and the United States. However, the participation of the two countries in remote negotiations are not officially confirmed.

OPEC members+ have agreed on a deal to reduce oil production. Its volume will be 10 million barrels per day. Another 5 million barrels per day promise to reduce the production of countries not participating in the agreement