Oil supply disruptions, from extraordinary events or otherwise, are not in the best interest of consumers or producers, the International Energy Agency said. The Organization of Petroleum Exporting Countries in Continue Reading
Global oil demand has already started to show signs of weakening this year in response to higher oil prices, following another year of robust demand growth above the 10-year average, Continue Reading
The IEA said that the run up in oil prices in the last few months dampened oil demand growth, although the agency left its forecast for oil demand growth unchanged Continue Reading
OPEC, Russia and its allies may consider a range of proposals to increase crude oil output which could be by as much as 1.8 million b/d, according to a source Continue Reading
Between 60 and 90 percent of the world’s fresh water is frozen in the ice sheets of Antarctica, a continent roughly the size of the United States and Mexico combined. Continue Reading
Crevasses near the grounding line of Pine Island Glacier in Antarctica. (Ian Joughin/University of Washington) Antarctica’s ice sheet is melting at a rapidly increasing rate, now pouring more than 200 Continue Reading
President Trump speaks to reporters as he arrives aboard Air Force One from Singapore at Joint Base Andrews, Md. on Wednesday. (Jonathan Ernst/Reuters) President Trump took fresh aim at the Continue Reading
OPEC revised up on Tuesday its 2018 forecast for total non-OPEC supply growth, while it left unchanged its projection for world oil demand growth at 1.65 million bpd this year. Continue Reading
Early on Wednesday, President Trump tweeted : “Oil prices are too high, OPEC is at it again. Not good!” This time the U.S. President used fewer words to reiterate his Continue Reading
U.S. President Donald Trump and Iran exchanged sharp words over oil prices on Wednesday, with Trump blaming OPEC for high oil prices and Tehran accusing him of stoking volatility after Continue Reading
