Renewable Energy Jobs Top 10 Million Globally
Oil, natural gas, and coal may still be the dominant fuel sources in the world’s energy mix, but renewable energy is growing and creating more and more jobs worldwide. In Continue Reading
IEA: Return Of Iran Sanctions Could Impact Oil Market Balance
The restoration of sanctions on Iran—the world’s fifth-largest oil exporter—may have implications for the market balance, the International Energy Agency (IEA) said in a statement on Wednesday, adding that it Continue Reading
Who Was Buying Iranian Oil And What Happens Next?
With Trump having started the 6 month process of pulling out from the Iranian nuclear deal (or rather as Steven Mnuchin admitted, Trump’s true intention is merely renegotiating the existing Continue Reading
How The World’s Oil Powers Will Seize The Iran Deal
Despite President Trump’s clear signals over the last month, his decision to leave the JCPOA nuclear deal has still managed to shock the market. It appears that the market, and Continue Reading
Did Trump Just Kill The OPEC Deal?
As has been widely discussed in the aftermath of President Trump’s decision to withdraw from the Iran nuclear deal, the return of sanctions on Iran could disrupt oil shipments, with Continue Reading
Saudi Arabia will not act alone to plug Iran oil gap
Saudi Arabia will not act unilaterally to increase oil supplies following renewed US sanctions on Iran’s energy industry, a Gulf source familiar with Riyadh’s thinking said, with any rise in Continue Reading
U.S. Pullout From Nuclear Deal Energizes Iranian Foes of Foreign Influence
President Donald Trump’s decision to withdraw from the nuclear deal with Iran dealt a political blow to Iranian President Hassan Rouhani, who faces a challenge from hard-line opponents who never Continue Reading
Saudi Arabia will not act alone to fill any Iran oil shortfall: OPEC source
Saudi Arabia is monitoring the impact of the U.S. withdrawal from the Iran nuclear deal on oil supplies and is ready to offset any shortage but it will not act Continue Reading
OPEC to discuss possible shortfall in crude supplies: Iraqi oil minister
Iraqi Oil Minister Jabar al-Luaibi said on Wednesday that OPEC will discuss a possible shortfall in global crude oil supplies following U.S. President Donald Trump’s decision to withdraw from the Continue Reading
Iraq lifts oil output at Eni’s Zubair field: oil official
Iraq has lifted oil production at Eni’s Zubair field in the south by 50,000 barrels per day (bpd) to 475,000 bpd, an Iraqi oil official said on Wednesday. Production rose Continue Reading
Israel says it attacked targets in Syria after Iranian rocket fire
Israel said it attacked nearly all of Iran’s military infrastructure in Syria on Thursday after Iranian forces fired rockets at Israeli-held territory for the first time. It was the heaviest Continue Reading
Israel launches massive military strike against Iranian targets in Syria
The Israeli military said Thursday that it had bombed dozens of Iran-linked military facilities in Syria, as tensions between the three countries soared. The army said in a statement that Continue Reading
Syrian Observatory: Israeli raid in Syria killed Iranians
The Syrian Observatory for Human Rights said on Wednesday an Israeli attack on Iranian military facilities south of Damascus had killed at least 15 people, including eight Iranians. An Israeli Continue Reading
Venezuela’s PDVSA sued for $25 million in U.S. over non-payment: complaint
Venezuela’s state-run oil firm PDVSA [PDVSA.UL] is being sued for more than $25 million in the U.S. over non-payment of notes issued for work performed by Canadian energy contractor SNC-Lavalin, Continue Reading
Expect more oil from Angola
Reaching a production plateau off the coast of Angola stabilizes output at more than 150,000 barrels of oil per day, Italian energy company Eni said. The company said Wednesday it Continue Reading
Japan’s Cosmo Oil may substitute Iranian crude imports with Kuwaiti oil
Japanese refiner Cosmo Oil may substitute Iranian oil imports with Kuwaiti crude, if the company faces difficulty trading with Tehran following the US decision to re-impose sanctions on the OPEC Continue Reading
California lawmakers press for fuel economy standards
California lawmakers reached out to major automobile manufacturers to counter federal efforts to weaken fuel economy standards, state senators said. The federal Environmental Protection Agency said former President Barack Obama Continue Reading
California Takes Big Step to Require Solar on New Homes
California took a major step Wednesday toward becoming the first U.S. state to require solar panels on nearly all new homes. The California Energy Commission voted 5-0 to approve a Continue Reading
Trump’s Iran Move May Kick Worst U.S. Gas Market While It’s Down
President Donald Trump’s decision to scrap the Iran nuclear deal and restore sanctions was great for oil bulls. But for natural gas drillers in America’s hottest shale play, it could Continue Reading
Think Solar Is Upending California’s Power Grid Now? Just Wait
California just mandated that nearly all new homes have solar, starting in less than two years. Now, it’s going to have to figure out what to do with all of that extra Continue Reading
U.S. East Coast refiners look to Texas crude for discounted oil
U.S. East Coast refiners are shipping more shale oil from the Gulf Coast thanks to heavy discounts for West Texas crude and are also looking to bring more via rail, Continue Reading
US oil producers battle to meet Iran shortfall
As President Donald Trump’s decision to reinstate sanctions on Iran sends oil prices higher, consumers and the administration might hope that US producers could come to the rescue with increased Continue Reading
Poland Reduces Russian Oil Import Dependence, At A Cost
Poland reduced last year the share of its imports of Russian oil to the lowest level since 2005 , but the diversification of oil supplies came at a higher cost Continue Reading
Audi targeting sales of 800,000 BEVs and PHEVs in 2025
Audi aims to sell approximately 800,000 fully electric cars and plug-in hybrids in the year 2025. At today’s Annual General Meeting of Audi AG, the Board of Management is presenting Continue Reading
Oil jumps to highest since 2014 after U.S. quits Iran deal
Oil prices rose more than 3 percent on Wednesday, hitting 3-1/2-year highs, after U.S. President Trump abandoned a nuclear deal with Iran and announced the “highest level” of sanctions against Continue Reading
Oil price shoots higher as Trump quits Iran nuclear deal
More than 12 hours after President Donald Trump announced the US would be pulling out of the nuclear deal with Iran and re-imposing sanctions on the country, the oil price Continue Reading
Oil Market Volatility Set To Soar This Month
After two months of an almost uninterrupted increase, crude oil is set for even more volatility on a string of political events that could see it either touch US$80 or Continue Reading
Crude Oil Draw Set To Improve Bullish Sentiment
After the much-awaited news regarding U.S. sanctions on Iran today, the American Petroleum Institute (API) reported a draw of 1.85 million barrels to the U.S. crude oil inventories for the Continue Reading
Rouhani says Iran will remain in nuclear deal
President Hassan Rouhani said on Tuesday that Iran would remain committed to a multinational nuclear deal despite U.S. President Donald Trump’s decision to withdraw from the 2015 agreement designed to Continue Reading
Iranian question mark hangs over U.S. gas prices
The steady rise in consumer gasoline prices in the United States is tapering off, but a question mark remains over the Iranian deal, analysts said. U.S. President Donald Trump is Continue Reading
Donald Trump pulls US out of Iran nuclear deal
Donald Trump pulled the US out of the landmark nuclear deal with Tehran on Tuesday, moving to re-impose sanctions on Iran and defying pleas from close allies who had called Continue Reading
Iranians Fear Deeper Crisis as Trump Ends Nuclear Deal
The sense of crisis in Iran runs deep and wide. The economy is in free fall. The currency is plummeting. Rising prices are squeezing city dwellers. A five-year drought is Continue Reading
Iranians Fear Deeper Crisis as Trump Ends Nuclear Deal
The sense of crisis in Iran runs deep and wide. The economy is in free fall. The currency is plummeting. Rising prices are squeezing city dwellers. A five-year drought is Continue Reading
Israel goes on high alert over Syria as Trump quits Iran deal
Israel went on high alert for a possible flare-up with neighboring Syria on Tuesday as U.S. President Donald Trump announced he was withdrawing from the 2015 nuclear deal with Iran. Continue Reading
UAE energy minister says efforts to rebalance oil market are ‘progressing well’
United Arab Emirates Energy Minister Suhail al-Mazroui said on Tuesday that OPEC and non-OPEC efforts to rebalance the oil market and encourage oil investment “are progressing well”. “OPEC is a Continue Reading
Qatar Petroleum To Boost Production Despite Blockade
Despite an ongoing blockade by the neighbors of Qatar, its state oil and gas company plans to increase its daily production capacity to 6.5 million barrels per day of oil Continue Reading
Saudi Arabia’s Needs Have Become Iran’s Problems
While Israel has been the barking dog pushing hostilities against Iran, it is the Saudis that are truly most threatened by Iran’s return to the global economy. They are as Continue Reading
BP, Iraq Sign Deal To Triple Kirkuk Oil Production To 1 Million Bpd
Iraq has signed an agreement with supermajor BP that would triple the oil production from the Kirkuk oil fields in northern Iraq to more than 1 million bpd, Iraq’s Oil Continue Reading
Saudi Arabia says it intercepts missile above Riyadh: Al Arabiya TV
Saudi Arabia’s air defense forces intercepted a missile above the capital Riyadh, Saudi-owned broadcaster Al Arabiya said on Wednesday after several loud booms were heard in the city center. In Continue Reading
Saudi Arabia hints it may raise oil output after U.S. quits Iran nuclear deal
Saudi Arabia indicated on Wednesday that it could raise its oil output to offset any potential supply shortage as a result of new sanctions on Tehran, after U.S. President Donald Continue Reading
Nigeria to Achieve 90% Refining Capacity in 2019 – NNPC
Hope of reducing Nigeria’s export of its crude oil overseas for refining has been rekindled by the assurance of the Group Managing Director, GMD, Nigerian National Petroleum Corporation, Dr. Maikanti Continue Reading
Venezuela’s PDVSA diverts crude tanker from Curacao – shipper, data
(Reuters) – State-run PDVSA ordered an oil tanker that was waiting to discharge in Curacao to divert to Venezuelan waters after ConocoPhillips introduced an order in a Caribbean court to Continue Reading
Venezuelan Soldiers Desert in Droves With Presidential Election Ahead
Military officers are joining the exodus of Venezuelans to Colombia and Brazil, fleeing barracks and forcing President Nicolas Maduro’s government to call upon retirees and militia to fill the void. Continue Reading
Shanghai oil futures hit record high, volumes after U.S. exits Iran deal
Shanghai crude futures hit their highest price since launching in late March on Wednesday, tracking big gains in global benchmarks after U.S. President Donald Trump pulled out of the Iran Continue Reading
Asian markets have renewable energy edge
Though more workers globally are on the payroll in the renewable energy sector, the industry is concentrated in Asia, an annual report found. The International Renewable Energy Agency estimates that Continue Reading
Permian 3.0 Shows U.S.’s Biggest Oil Field May Have More to Give
Call it Permian, version 3.0. That’s how Tim Dove, who leads Pioneer Natural Resources Co., refers to new well designs his company says are now pumping 35 percent more oil Continue Reading
Less than one in three Americans support U.S. pullout from Iran deal
Less than one in three Americans agrees with President Donald Trump’s decision to pull the United States out of an agreement to limit Iran’s nuclear program, according to a Reuters/Ipsos Continue Reading
Trump open to exported ethanol qualifying under biofuel laws – source
U.S. President Donald Trump told a group of Republican senators on Tuesday that he is considering allowing exported ethanol and other biofuels to count towards the annual volumes mandated by Continue Reading
Key sales agreement reached for Alaskan LNG project
Foreign entity commitment to an Alaskan project meant to bring liquefied natural gas to the export market brings it closer to reality, the state governor said. The Alaskan division of Continue Reading
Short-Term Energy Outlook
Global Liquid Fuels Brent crude oil spot prices averaged $72 per barrel (b) in April, an increase of $6/b from the March level and the first time monthly Brent crude Continue Reading