Brace for a devastating oil shock ahead
If Independence Day were about feting the U.S. weaning itself from foreign oil and forging a renewables future, the man behind our call of the day probably wouldn’t be sounding Continue Reading
The Next Financial Crisis Is Not Far Away
Recently, a Spanish group called “Ecologist in Action” asked me to give them a presentation on what kind of financial crisis we should expect. They wanted to know when it Continue Reading
Oil prices edge up on first drop in U.S. drilling in months
Oil prices edged up on Monday, supported by the first fall in U.S. drilling activity in months, although rising output from OPEC despite a pledge to cut supplies capped gains. Continue Reading
Bets on Oil Rout Seen Peaking as Shale Boom Starts to Falter
Money managers add short positions at slower pace: CFTC data Bearish wagers on WTI reached highest level since last August Oil short-sellers have been on a roll, but their bets Continue Reading
Does This Oil Price Rally Have Legs?
After a couple of miserable weeks, oil traders were finally offered some good news this week as prices started ticking back up, futures improved and bullish estimates began trickling in Continue Reading
Total to Sign Milestone Iran Gas Deal Since Sanctions Eased
Total CEO to be in Tehran Monday for agreement: oil ministry Deal is to develop Iran’s share of world’s biggest gas field Iran plans Monday to sign a formal contract Continue Reading
Saudi heavy crude price to Asia may hit highest in over three years
World No.1 oil exporter Saudi Arabia could raise prices for the heavy crude it sells to Asia in August to the highest in more than three years, trade sources said. Continue Reading
Saudi Arabia Moves to Silence Deposed Prince, Dissidents
Saudi Arabia’s King Salman has appointed his son, Mohammed bin Salman, as crown prince, replacing his nephew, Mohammed bin Nayef, as first in line to the throne. WSJ’s Niki Blasina Continue Reading
Wealthy Qatar Weathers Siege, but Personal and Political Costs Grow
A young business executive had to cancel a $150,000 family vacation in Saudi Arabia . Another woman grumbled that deliveries of designer fashions from the internet store Net-a-Porter were taking Continue Reading
The Song of ‘Fire Ice’: China Claims Revolution in Energy Extraction
As China celebrates its success in extracting natural gas from ‘fire ice’, it’s still unclear whether Beijing has made a significant technological achievement and revolutionized the energy industry. Seeking Energy Continue Reading