Moscow, Oil Companies Agree On Oil Export Duty Phase-Out
The Russian energy and finance ministries agreed with oil companies to start cutting the export duty on crude gradually, to bring it from the current 30 percent to zero over Continue Reading
Royal Dutch Shell Surpasses Exxon As Top Dog
Royal Dutch Shell took the top spot among oil and gas companies on the Forbes Global 2000’s list of the biggest and most powerful public companies, surpassing last year’s leader Continue Reading
Global Civilisation to Descend into ‘Hell on Earth’ Unless we Choose a New Paradigm
Late last year, Dr. Jeremy Leggett — solar energy entrepreneur, former oilman and government advisor — gave an eye-opening talk where he for the first time laid out his vision Continue Reading
Britain Has Gone Nine Days Without Wind Power
Britain’s gone nine days with almost no wind generation, and forecasts show the calm conditions persisting for another two weeks. The wind drought has pushed up day-ahead power prices to Continue Reading
Volvo Cars expects ½ of annual sales from BEVs by middle of next decade; ⅓ autonomous; ½ subscription-based
Volvo Cars said that by the middle of the next decade, it expects to generate half of all sales annually from fully electric cars; one third of all cars sold Continue Reading
Oil falls on U.S. crude build; global supply seen rising
Oil prices fell on Wednesday on worries that global supply is climbing after U.S. inventories rose unexpectedly and Saudi Arabia and other big producers signaled that they may increase output. Continue Reading
Oil rises as reality dawns over Venezuela’s export crisis
Oil rose on Thursday on concerns about a plunge in exports from Venezuela, although surging U.S. production kept gains in check. Brent crude futures LCOc1 were up 23 cents at Continue Reading
As Oil Soars, Few Hedge Funds Are Left to Profit
It’s a rare bunch of traders who can say they made a killing on oil’s surprising rebound over the past year. The reason: There aren’t many of them left. Years Continue Reading
Oil Closes Higher Ahead of Stockpile Data
Oil erased its early losses and closed higher Tuesday, with some traders expecting a bullish U.S. inventory report Wednesday that could halt a recent price slide. Light, sweet crude for Continue Reading
Iraq starts exporting first crude oil cargo through IOTC
Iraq has started shipping crude oil through its Iraqi Oil Tankers Company (IOTC) for the first time since 1991, the oil ministry said on Wednesday. The two million barrel cargo Continue Reading