The Water Crises Aren’t Coming—They’re Here
Here’s a concept: paper water. Paper water is water the government grants certain farmers who are drawing water from a river or a watershed in, say, California. The phrase describes Continue Reading
The EV War Is About To Heat Up
While it’s taken them two years to join the race, German automakers are poised and ready to take on Tesla during a particularly vulnerable time for the electric carmaker. Mercedes-Benz Continue Reading
Could Oil ‘Super-Spike’ Above $150?
Summary Fear of low prices, electric vehicles and financial discipline are reducing investment in conventional oil projects. Less risky, “short-cycle” projects are gaining favor. Insufficient future supply could lead to Continue Reading
The Bearish Case For Oil
A relatively new development in global oil markets has unfolded in recent months, one that has replaced another new development that also has the ability to also roil oil markets. Continue Reading
Emerging Market Contagion Threatens Oil Market
Last week, Argentina’s peso fell by around 20 percent in just a few days, taking year-to-date losses over 50 percent. The central bank frantically hiked interest rates from 45 to Continue Reading
Analysts: Iran May Use Secret Oil Shipments To Skirt U.S. Sanctions
Iran may resort to various ways of reducing the impact of the U.S. sanctions on its oil exports, and those tactics include secret oil shipments without trackers on tankers, bartered Continue Reading
Japan’s Cosmo Oil says no plans to load Iranian crude oil in October
Japanese refiner Cosmo Oil said Tuesday it does not plan to load any crude oil from Iran in October, while it is still monitoring the progress of bilateral talks between Continue Reading
Iran inaugurates new petrochemical plants
Iran officially inaugurated Tuesday two petrochemical projects — the Marjan petrochemical plant, with the capacity to make 1.65 million mt/year of methanol, and the third phase of the Pardis petrochemical Continue Reading
Saudi Oil Income Could Reach $161B This Year
Saudi Arabia could earn US$161 billion (605 billion riyals) this year from crude oil sales, versus a budgeted US$131 billion (492 billion riyals), local financial services provider Al Rajhi Capital Continue Reading
Iraqi oil exports and revenues skyrocket in August
Terminals in the Basra Gulf and Kurdistan-controlled Ceyhan in August combined for a record average of 4.028 million barrels per day (bpd) of oil exports, representing a 4 percent increase Continue Reading