US Drops 11 Oil and Gas Rigs
The U.S. scrapped a total of 11 oil and gas rigs this week, according to Baker Hughes, a GE Company. The U.S. scrapped a total of 11 oil and gas Continue Reading
Rain may be causing a worrying amount of ice to melt in Greenland
Rain is becoming more common across Greenland’s ice sheet and it may be playing an important role in rising sea levels. Greenland’s 660,000-square mile ice sheet contains enough fresh water Continue Reading
Norway’s Sovereign-Wealth Fund Moves Toward Divesting From Oil, Gas Stocks
Norway’s $1 trillion sovereign-wealth fund took a major step toward selling off some of its substantial holdings in oil-and-gas companies, a move to shield the oil-rich nation from the risk Continue Reading
Oil drops 1.6 percent as economic outlook weakens, U.S. supply surges
Oil prices dropped 1.6 percent on Friday on a worsening global economic outlook after the European Central Bank (ECB) warned of continued weakness and fresh data showed Chinese imports and Continue Reading
Two Largest Oil Price Benchmarks Are Set To Diverge
Brent has gathered some momentum while WTI prices have shown just a little bit of hesitation. The difference in the price movements of the two oil benchmarks reflects a slight Continue Reading
Staggering Demand Growth Could End Price Control In Oil Markets
Energy security is, without doubt, one of the most critical topics policymakers and professionals are concerned with. However, producers and consumers add a different meaning to these two words: the Continue Reading
Saudi Arabia Says Large Gas Reserves Found In Red Sea
Large volumes of natural gas have been found in the Red Sea, according to the official Saudi Press Agency (SPA) which quoted Saudi Arabia’s Energy Minister Khalid al-Falih as saying. Continue Reading
Deadly insurgent ambush highlights security vacuum
At least six paramilitary fighters died in an insurgent ambush on Wednesday – the latest incident highlighting a problematic security vacuum in Iraq’s disputed territories. Despite recent efforts to improve Continue Reading
Saudi Oil Minister: Aramco IPO On Track For 2021
The listing of Saudi Arabia’s energy giant Aramco is on track to take place in 2021, Energy Minister Khalid al-Falih said , echoing earlier assurances he and Aramco’s chief executive Continue Reading
Rubio’s “Full Gangster” Comments Hinder U.S.-Saudi Relations
It didn’t take long for Florida Senator Marco Rubio’s comments that Saudi Crown Prince Mohammed bin Salman had “gone full gangster” to make the news rounds all the way from Continue Reading