Harsh realities of global food situation
It is now a well-known fact that humans are depleting vital groundwater resources across the globe. But a new study shows one of the biggest causes of disappearing groundwater is Continue Reading
Tropical storm Harvey heads for Texas, may become hurricane
The Texas Gulf Coast was bracing for Tropical Storm Harvey to make landfall by Friday, bringing with it powerful winds, torrential rains and the possibility that it could strengthen into Continue Reading
Harvey Sends Gasoline Surging as Texas Refineries Shut Down
Exxon, Anadarko, Shell among energy explorers cutting output Would be first major hurricane to hit U.S. since Wilma Hurricane Harvey, set to become the worst storm to strike Texas in Continue Reading
Oil steady on falling crude inventories, but rising output weighs
Oil prices were little changed in early trade on Thursday, holding most of their gains from the previous session after another fall in U.S. crude inventories which is seen as Continue Reading
Expect An Extension Of The OPEC Deal
The oil market is moving in the right direction towards rebalancing, but all options, including extending the cuts beyond March 2018, are left open, the joint OPEC/non-OPEC committee set up Continue Reading
OPEC: “All options” on the table to ensure market balance
OPEC monitoring committee says “all options” are on the table to ensure a market tilted toward the supply side returns to balance. Photo by alphaspirit/Shutterstock Aug. 24 (UPI) — A Continue Reading
OPEC’s all-options strategy not enough to lift the price of oil
Crude oil prices turn lower after a banner day Wednesday as compliance wanes for an OPEC-led effort to balance the market. File photo by Monika Graff/UPI Aug. 24 (UPI) — Continue Reading
OPEC backed into a corner, Texas economist says
With U.S. crude oil production on the rise, it’s clear the production agreement from OPEC hasn’t worked as intended, an economist in Texas said. The Organization of Petroleum Exporting Countries Continue Reading
Kurdish oil export payments boost DNO’s performance
Norwegian energy company DNO said its overall performance was stimulated by regular payments for oil exported from the Kurdish north of Iraq. Photo courtesy DNO Aug. 24 (UPI) — Revenues Continue Reading
Billions In Oil Deals Shield Iran From U.S. Sanctions
Since many of the Western sanctions on Iran were lifted early last year, Tehran has been trying to restore its crude oil exports to a pre-sanction level and attract foreign Continue Reading