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Month: September 2018

Category:
  • Electric Cars
  • United Kingdom

UK competition to install electric vehicle fast-charge network ‘backed by GBP400 million fund’: Clark

 The UK government is to support the roll-out of fast-charging networks for electric vehicles, Business Secretary Greg Clark said Tuesday on BBC Radio 4’s Today Program. Receive daily email alerts, Continue Reading

Posted On : 11 Sep 2018 Published By : Tom Whipple
Category:
  • North Sea

UK drilling continues to fall, risking North Sea industry: lobby group

 Industry group Oil & Gas UK warned Tuesday of a continued drop in North Sea drilling needed to sustain output levels in the longer term. Receive daily email alerts, subscriber Continue Reading

Posted On : 11 Sep 2018 Published By : Tom Whipple
Category:
  • OPEC

Russia’s Novak says OPEC+ may sign new long-term deal in December: TASS

Russian Energy Minister Alexander Novak said on Tuesday that the OPEC+ oil group may sign a new long-term cooperation deal at the beginning of December, the TASS news agency reported. Continue Reading

Posted On : 11 Sep 2018 Published By : Tom Whipple
Category:
  • Prices

Oil up as U.S. drilling stalls, Iranian sanctions bite

Oil prices rose on Monday as U.S. drilling stalled and as investors anticipated lower supply once new U.S. sanctions against Iran’s crude exports kick in from November.  Benchmark Brent crude Continue Reading

Posted On : 10 Sep 2018 Published By : Tom Whipple
Category:
  • Prices

Oil Market Turns Turbulent Heading Into Fall Season

West Texas Intermediate slid 2.9%, the biggest weekly decline since July, to $67.75 a barrel. That is after the U.S. crude benchmark had capped August with one of its sharpest Continue Reading

Posted On : 10 Sep 2018 Published By : Tom Whipple
Category:
  • Prices

The Downside For Oil Is Limited

Oil prices posted steep losses just as the bulls were back on the march. WTI briefly topped $70 per barrel in recent days and Brent was flirting with $80. But Continue Reading

Posted On : 10 Sep 2018 Published By : Tom Whipple
Category:
  • p-

World shares face longest losing streak since January 2016

LONDON (Reuters) – World shares were flirting with their longest run of declines since early 2016 on Monday, hit by rising anxiety about the U.S.-China trade war and another interest Continue Reading

Posted On : 10 Sep 2018 Published By : Tom Whipple
Category:
  • Peak Oil

DNV GL: world energy demand will peak in 2035 prompting a reshaping of energy investment due to rapid electrification and inherent efficiency

Global spending on energy, as proportion of economic output, is set to slow sharply because the world’s energy demand will decline from 2035 onwards, according to DNV GL’s Energy Transition Continue Reading

Posted On : 10 Sep 2018 Published By : Tom Whipple
Category:
  • Iran

Iran Develops a $5 Billion Weapon to Fight Sanctions

It was the latest example of how Tehran is quietly leveraging its Iran Foreign Investments Co. to loosen the Trump administration’s tightening economic noose. The fund, with dozens of investments Continue Reading

Posted On : 10 Sep 2018 Published By : Tom Whipple
Category:
  • Iraq

Rising Violence in Basra Highlights U.S.-Iran Fight for Influence in Iraq

Demonstrations flared in Basra this month after thousands fell ill because the water supply was contaminated, and intensified last week after several protesters were killed. Protesters burned the offices of Continue Reading

Posted On : 10 Sep 2018 Published By : Tom Whipple

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