Saudis Lose South Korean Market Share To Iran
South Korea doubled its imports of Iranian crude in January this year from the same time last year, when Iran returned on the international oil market and started exporting growing Continue Reading
Can Saudi Arabia Carry OPEC Through Spring?
Faced with budget strains amid low oil prices, Saudi Arabia ditched its pump-at-will policy and brought together the diverse group of OPEC nations to agree to production cuts late last Continue Reading
Assassination and bombings roil Basra
ABasra leaders are scrambling to contain an outbreak of violence that has targeted political figures and provoked outrage among Shia paramilitary groups.The spate of violence began with the assassination, on Continue Reading
California demand for wind power energizes transmission firms
A firm controlled by Philip Anschutz, the billionaire entertainment and pro sports magnate, will soon build the largest wind farm in the United States to serve utilities in California, where Continue Reading
U.S. gas prices likely at short-term low
Feb. 15 (UPI) — A retail price watchdog said this may be the short-term seasonal low point for U.S. gasoline prices as refiners start switching to a different blend. “You’ve Continue Reading
Tribe tries again to block Dakota Access pipeline
The tribe at the center of the debate over the construction of the Dakota Access pipeline said it was again challenging the White House on the issue. President Donald Trump Continue Reading
Electric Car Sales Undaunted By Low Gasoline Prices
While oil and gasoline prices have traditionally determined the fate of electrified vehicle sales, plug-in vehicles are seeing other forces shaping global markets. When oil prices plunged in 2014, hybrid Continue Reading
U.S. Crude Inventories Reach Record High After EIA Reports Significant Build
For the third week in a row the Energy Information Administration (EIA) has reported an increase in commercial crude oil inventories of 9.5 million barrels, to a total of 518.1 Continue Reading
Trump’s First Law Removes Transparency Rule For Big Oil
President Trump’s first legislative act was to sign into law a repeal of a transparency rule aimed at keeping public oil companies in check with regard to their international operations Continue Reading
Solar Installations Surge 95% In 2016
The solar industry posted its best year on record in 2016, obliterating previous records by installing a smashing 14.6 gigawatts of new solar in the U.S. That is a 95 Continue Reading