OPEC Is Ready to Rumble Over Saudi Output
Pressure is building on Saudi Arabia to rein in its oil output after a year of pumping full tilt, setting up the most contentious OPEC meeting in years. A year Continue Reading
Quiet Gulf Hurricane Season End Leaves Oil Drowned in Oversupply
Oil bulls can say farewell to another quiet Atlantic hurricane season in the Gulf of Mexico, which ends Monday without a storm-induced price rise to lift crude from its once-in-a-generation Continue Reading
China Plans to Shake Up Electricity Pricing
China’s government on Monday took aim at the nation’s grid companies with a plan to introduce more competition into its power sector that could ultimately lower electricity prices for Chinese Continue Reading
IMF poised to admit China’s renminbi in elite currency basket
The International Monetary Fund is expected to admit China’s renminbi to its elite basket of reserve currencies on Monday in what would be a major vote of confidence in Beijing’s Continue Reading
Chinese Report on Climate Change Depicts Somber Scenarios
Rising seas besieging China ’s economically vital coastal zones. Mighty feats of infrastructure, like the Three Gorges Dam and railway in Tibet , strained by turbulent rainfall and the melting Continue Reading
One Year Later and OPEC Still Hasn’t Killed Shale
“No change.” It was roughly one year ago that Kuwait’s oil minister succinctly delivered the message that would turn the oil market on its head. The group of oil producing Continue Reading
Ruble Falls for a Fourth Day on Turkish Sanctions, Oil Prices
The ruble headed for its biggest monthly decline since July amid a flight by investors unnerved by geopolitical tension following Russia’s imposition of sanctions against Turkey and a renewed sell Continue Reading
Putin’s sanctions decree raises fears of Russian isolationism
Russian president Vladimir Putin all but banned his citizens from the Turkish beaches of Antalya this weekend, making good on his promise of “serious consequences” following the downing of a Continue Reading
Negotiators grab head start on monumental climate challenge
French police officers patrol in front of the entrance at the venue for the World Climate Change Conference 2015 (COP21) at Le Bourget, near Paris, France, November 29, 2015. Senior Continue Reading
Scientists Dispute 2-Degree Model Guiding Climate Talks
The single most important benchmark underpinning this week’s talks in Paris on climate change —two degrees Celsius—has guided climate-treaty discussions for decades, but scientists are at odds on the relevance Continue Reading