The Next Trade War Escalation Will Hit U.S. Oil
The Wall Street Journal reports that the Trump administration is considering ratcheting up the tariffs on $200 billion of Chinese imports from the proposed 10 percent levy to as much Continue Reading
Auto suppliers retool to chase electric vehicle bonanza
In what seems to be a magic trick, Dele Fayemi runs a batch of batteries in a beaker of boiling water – a physical impossibility that should cause a short Continue Reading
In hot water: How summer heat has hit Nordic nuclear plants
This year’s unusually warm summer in the Nordic region has increased sea water temperatures and forced some nuclear reactors to curb power output or shut down altogether, with more expected Continue Reading
Russia’s High Risk Global Oil Strategy
The energy industry is highly sensitive to U.S. sanctions due to the petrodollar being the single most important currency in global trade. Washington is able to exert significant influence by Continue Reading
Renewables, Nuclear Squeeze Out Fossil Fuel Power In France
Electricity generation from renewable and nuclear power sources in France jumped in June and squeezed out fossil fuels coal, oil, and gas, grid operator RTE said in its Monthly Electrical Continue Reading
French nuclear, hydro power output rise in Jul
Highlights Nuclear up 2.8% on year at 28.9 TWh Hydro up 28% on year at 4.6 TWh Nuclear, hydro add up to 99% of Jan-Jul demand Singapore — French nuclear Continue Reading
Russia data: Jul crude oil exports rise 3.7% on month to 4.735 mil b/d
Moscow — Russia’s July crude oil and condensate output rose 1.4% month on month to 11.215 million b/d, in line with Russia’s pledge in late June to boost output under Continue Reading
Oil falls below $74 on U.S. inventories, OPEC supply
Oil slipped below $74 a barrel on Wednesday, pressured by an industry report that U.S. stockpiles of crude rose unexpectedly and by higher OPEC production, adding to indications of more Continue Reading
Surprise Crude Oil Inventory Build Sends Prices Lower
The American Petroleum Institute (API) reported a crude oil inventory build of 5.59 million barrels of United States crude oil inventories for the week ending July 28, compared to analyst Continue Reading
Oil posts biggest monthly loss since 2016 as OPEC boosts output
Oil prices fell on Tuesday, closing out the largest monthly decline in two years on supply worries after OPEC output reached a 2018 high in July, overshadowing reports that the Continue Reading