Russian Energy Minister Alexander Novak said Friday the market has probably taken into account the potential loss of Iranian oil by November already. The U.S. departure from the Joint Comprehensive Continue Reading
Italian energy company Eni said Friday it was expecting a 4 percent increase in oil and gas production from 2017 driven by gains across its entire portfolio. Assuming the price Continue Reading
Thanasis Kontidis was hosing down the veranda of his family’s summer home in Mati on Monday afternoon when he caught a whiff of acrid smoke. “I looked up and saw Continue Reading
Oil prices edged lower on Friday in quiet trading after three days of gains, but took support from Saudi Arabia halting crude transport through a key shipping lane, falling U.S. Continue Reading
Oil prices rose for the third consecutive day on Thursday after Saudi Arabia suspended oil shipments through a strait in the Red Sea following an attack on two oil tankers Continue Reading
On the low end we have Citibank, which recently stated that Brent oil prices could fall to as low as $45 per barrel within the next year. Citi’s Ed Morse Continue Reading
The global oil market is once again in flux as geopolitics and regional conflicts take an increasingly heavy toll on oil supplies. Since the OPEC meeting in Vienna, warning signs Continue Reading
This is Part 2 of the World Energy Annual Report in 2018. This part of the Annual Report provides an updated analysis of world oil production and consumption, evaluates the Continue Reading
In the town of Sodankyla, Finland, the thermometer on July 17 registered a record-breaking 90 degrees , a remarkable figure given that Sodankyla is 59 miles north of the Arctic Continue Reading
While everyone has been watching the Strait of Hormuz amid rising tension between the U.S. and Iran, a chokepoint on the other side of the Arabian Peninsula is now at Continue Reading
