The Rise and Deadly Fall of Islamic State’s Oil Tycoon
Islamic State oil man Abu Sayyaf was riding high a year ago. With little industry experience, he had built a network of traders and wholesalers of Syrian oil that at Continue Reading
Middle East Economies Facing Oil Revenue Falls, IMF Says
The International Monetary Fund estimates the Middle East’s oil-dependent economies have missed out on $390 billion in oil revenues last year alone and face up to $150 billion in income Continue Reading
IMF cuts Gulf states’ GDP growth forecast to 1.8%
Economic growth in Gulf states is forecast to slow to 1.8 percent this year as the oil-dependent region cuts spending to battle fiscal deficits reaching 11.6 percent of gross domestic Continue Reading
The Real Reason Saudi Arabia Killed Doha
Saudi Arabia single-handedly scuttled the Doha meeting, knowing all along that Iran would not participate, with a valid reason. The Russians and others agreed to proceed without Iran, planning to Continue Reading
Will Oil And Refugees Force European Intervention In Libya
Europe is on track to send security experts to Libya after it successfully installed a so-called unity government that is willing to work with international agencies. A primary goal of Continue Reading
Kurd-Hashid rivalries again explode into violence
A long-standing conflict in the multi-ethnic flashpoint town of Tuz Khurmatu exploded into sustained violence late Saturday night and Sunday, as several forces nominally allied against the so-called Islamic State Continue Reading
Mexican Petrochemical Explosion Death Toll Reaches 32
Rescue teams recovered four bodies Sunday at the site of an explosion at a petrochemical plant in southern Mexico , bringing the number of workers killed in the accident to Continue Reading
Crude Oil Tankers Bound For China Surge Amid Stockpiling Signals
China, the world’s second-biggest crude consumer, may be poised for another increase in imports after the number of supertankers bound for the Asian country’s ports rose to a 16-month high Continue Reading
Cheap Oil Doesn’t Light Fire for Big Japanese Utility
Like most energy importers, Japan’s gas utilities have enjoyed the collapse in crude oil prices. Yet the market is understating the risks at one utility, including its duplicate role as Continue Reading
Tesla’s Elon Musk simplifies how dumb our oil dependency is
Both recyclable Now compare how much gasoline is needed for an average car: say 15000 miles / year, 25 mpg, that’s about 600 gallons, or about 3600 pounds of gas Continue Reading