Russia Begins To Fear Maduro May Lose
Russia—one of the key supporters of Nicolas Maduro in the Venezuelan crisis—has stood by the Venezuelan leader for years and has poured billions of U.S. dollars in the Latin American Continue Reading
EIA: Venezuela Oil Sanctions Unlikely To Significantly Impact U.S. Refiners
The U.S. sanctions on Venezuela’s oil industry and state oil firm PDVSA are unlikely to have a significant impact on the refinery runs of the U.S. refiners, the Energy Information Continue Reading
The last five years have been Earth’s warmest ever
2018 was the fourth warmest year since records began in 1880, according to a new analysis by NASA and the National Oceanic and Atmospheric Administration. Record-breaking: Earth’s global surface temperature Continue Reading
The Southern Hemisphere is scorching: Unprecedented heat in Chile, Argentina and Australia
Temperatures earlier this week were much higher than normal in parts of Argentina and Chile. This map shows how much warmer than normal in degrees Fahrenheit. (weatherbell.com) It’s summer in Continue Reading
Australian thermal coal prices fall to lowest since April 2018 on weak China demand
Australian thermal coal prices have fallen to their lowest since April 2018 as a slowdown in Chinese imports dents demand for the commodity. Spot cargo prices for Australian thermal coal Continue Reading
Democrats float ‘Green New Deal’ to end fossil fuel era
Democrats on Thursday laid out a “Green New Deal” that would eliminate U.S. greenhouse gas emissions within a decade, an effort to make climate change a central issue in the Continue Reading
Alberta Oil Cuts To End Sooner Than Planned
Canadian crude oil is already expensive enough for the production cuts to stop making sense: some producers have already started rolling them back far ahead of schedule. This is what Continue Reading
Uncertainty Continues For LNG Markets
‘King Coal’ dominated the energy mix during the industrial revolution of the 19 th century. The replacement of the steam engine by the internal combustion engine made oil the most Continue Reading
White House banks on Saudi oil to offset Venezuela sanctions, with no SPR release on tap
The Trump administration is confident that key ally Saudi Arabia will fill any oil supply gap caused by US sanctions on Venezuela, with refineries along the Gulf Coast told not Continue Reading
Pipeline Shutdowns Cause Canadian Crude Prices to Plummet
Canadian crude weakened after two critical oil pipelines remained partially shut amid an investigation into a possible leak in Missouri. (Bloomberg) — Canadian crude weakened after two critical oil pipelines Continue Reading