Oil Hits 2019 High On Iran Sanctions
Energy accounts for 12 percent of the value of all U.S. exports to Mexico, and 5 percent of all U.S. imports from Mexico last year. – Historically, Mexico has exported Continue Reading
Losing Arctic Ice and Permafrost Will Cost Trillions as Earth Warms, Study Says
Thawing permafrost releases methane and carbon dioxide, greenhouse gases that further exacerbate global warming. Credit: National Park Service Arctic warming will cost trillions of dollars to the global economy over Continue Reading
Iraq, Saudi Arabia ready to up oil output as US cuts off Iran waivers
Iraqi President Barham Salih, right, walks with visiting Iranian President Hassan Rouhani, after inspecting an honor guard at Salam Palace, Baghdad, March 11, 2019. (AP Photo/Khalid Mohammed) Iraq and Saudi Continue Reading
Sanctions on Iranian oil bring U.S. drivers pain at the pump
American middle class consumers are enjoying the strongest wage growth in a decade, but higher gasoline prices are eating a good chunk of that increase for many, and it looks Continue Reading
U.S. making a mistake politicizing oil: Iran oil minister
The United States has made a bad mistake by politicizing oil and using it as a weapon, Iran’s Oil Minister Bijan Zanganeh said in a parliamentary session on Tuesday, the Continue Reading
Gulf OPEC members ready to raise output if there is demand: sources
Gulf OPEC producers can step in to meet any oil supply shortage following a U.S. decision to end waivers on buyers of Iranian crude, but will first wait to see Continue Reading
The Biggest Winner Of Trump’s Waiver Decision
The Saudi state news agency reported today that the Kingdom is happy with Washington’s decision to not extend the waivers for Iran oil sanctions that it had granted to eight Continue Reading
OPEC has the spare capacity to offset Iran’s oil supply losses, but does it have the will?
Highlights US sanctions aim at Iran’s 1.2 million b/d crude exports IEA pegs OPEC spare capacity at 3.30 mil b/d OPEC/non-OPEC quotas provide less cushion London — The looming lapse Continue Reading
Aramco’s bond is ‘only the beginning’, Saudi energy minister says
Saudi Aramco, the world’s biggest oil producer, will remain active in the debt markets after its debut $12 billion bond earlier this month, which was “only the beginning”, Saudi Energy Continue Reading
Saudi’s Falih: no need for immediate action after end of Iran oil waivers
Saudi Arabia’s energy minister said on Wednesday he saw no need to raise oil output immediately after the United States ends waivers granted to buyers of Iranian crude, but added Continue Reading