Although crude oil prices remain high because of low oil inventories and significant geopolitical uncertainty, EIA estimates world production of petroleum and other liquids averaged 99.5 million b/d in May, within 1% of pre-pandemic levels.This post appeared first on Oil & Gas Journal.
The weekend read: Solar reforms loom, Cyprus begins to move
Cyprus is a laggard in renewable energy development compared to many of its European neighbors. Given its reliance on oil and gas imports, the consequences