Author: Chigozie Ikpo

India Has Started Paying in Yuan for Some Russian Oil Imports Some Indian refiners have paid in Chinese yuan for part of the crude oil cargoes they have bought from Russia, sources have told Reuters, as Moscow seeks alternatives to the U.S. dollar amid the sanctions while India looks to buy crude at discounts. India…

Saudi Arabia Expected to Cut Oil Prices to Asia Saudi Arabia is expected to reduce the price of its crude oil going to Asia in August to reflect market movements, a Reuters survey of six Asian refining sources showed on Monday. Saudi Aramco, the world’s top crude oil exporter, is set to reduce the official…

Water Scarcity Could Derail Biden’s Green Hydrogen Plans Proposed green hydrogen hubs along the U.S. Gulf Coast would require a lot of fresh water in drought-prone areas, so clean hydrogen production may need costly and environmentally-damaging desalination plants, activist groups have told Reuters. As part of the Bipartisan Infrastructure Law, the Biden Administration last year…

Nigeria’s Rising Crude Oil Production Offsets OPEC’s Declining Output A survey has revealed that Nigeria’s increasing crude oil production has helped mitigate declining output from other member countries of the Organization of Petroleum Exporting Countries (OPEC). The survey by Reuters indicates that while OPEC’s crude oil output experienced a slight decline in June, rising production…