Why Bears Will Win The Oil Price War
Oil prices may have had an impressive rally this year – until last week – but the longer-term trend looks downbeat. “Deflationary forces are gathering momentum,” Morgan Stanley analysts wrote Continue Reading
Have Gasoline Prices Peaked For 2019?
U.S. gasoline prices jumped the most since 2011 between New Year’s Day and early May this year, a few weeks before the unofficial start of the summer driving season—Memorial Day. Continue Reading
IEA: CO2 Levels Hit Another Record High
When the International Energy Agency (IEA) reported in late March that energy consumption in 2018 rose at the fastest rate in a decade , it confirmed something that most of Continue Reading
IEA rings alarm bell on phasing out nuclear energy
A steep decline in nuclear energy capacity will threaten climate goals and power supply security unless advanced economies find a way to extend the lifespan of their reactors, the International Continue Reading
Earth’s methane emissions are rising and we don’t know why
Getty Methane is a worse greenhouse gas than carbon dioxide Levels of a powerful greenhouse gas jumped again last year, continuing a surge in the past few years that researchers Continue Reading
Despite the global push to reduce plastic use, demand impact for oil and other feedstocks remains unaffected
A movement to reduce plastic use has led to bans worldwide on shopping bags, straws and other single-use items, but no noticeable impact on demand for crude oil and other Continue Reading
IEA: steep decline in nuclear power would threaten energy security and climate goals
With nuclear power facing an uncertain future in many countries, the world risks a steep decline in its use in advanced economies that could result in billions of tonnes of Continue Reading
Trump says Iran nuclear deal achievable as sanctions sting
U.S. President Donald Trump said on Monday a deal with Iran on its nuclear program was possible, crediting economic sanctions for curbing activities Washington has said are behind a spate Continue Reading
Trump says he is not seeking ‘regime change’ in Iran
President Trump on Monday denied that the United States is seeking regime change in Iran, dialing back hawkish rhetoric days after ordering 1,500 additional U.S. troops to the region. Actions Continue Reading
Pentagon Accuses Iran Of Tanker Sabotage
The Pentagon has accused Iran’s Revolutionary Guard of sabotaging four vessels at the Emirati port of Fujairah that media reported earlier this month, and the reports pushed oil prices higher. Continue Reading