The Fear Factor Is Back For Oil
Saber-rattling in the Middle East and the continued deterioration in Venezuela have once again trumped considerations such as supply and demand in the fluctuations of global oil prices. Despite what Continue Reading
The World’s Last Coal Plant Will Be Constructed Soon
In its latest energy investment report , the International Energy Agency said energy companies continued investing in coal as demand for electricity continued growing fast and renewable and nuclear capacity Continue Reading
Saudi Arabia says oil producers want to reduce inventories
Saudi Energy Minister Khalid al-Falih said on Sunday there was a consensus among OPEC and allied oil producers to drive down crude inventories “gently” but his country would remain responsive Continue Reading
Saudi energy minister says attacks put security of oil supply at risk
Saudi Arabian Energy Minister Khalid al-Falih speaks to the media before the OPEC 14th Meeting of the Joint Ministerial Monitoring Committee in Jeddah, Saudi Arabia, May 19, 2019. Saudi Arabian Continue Reading
Saudi Arabia energy minister plays down oil disruption fears
Saudi Arabia’s energy minister said global oil supplies were “plentiful” and inventories needed to shrink, signaling the kingdom’s reluctance to rapidly raise production despite escalating geopolitical tensions and the threat Continue Reading
Analysis: Saudi energy minister says the world does not need any more oil in coming months
Supply risks abound from Iran to Venezuela to Libya and the peak summer oil demand season is just around the corner, but Saudi energy minister Khalid al-Falih still sees a Continue Reading
Saudis make case for keeping oil cuts while Russia open to change
Saudi Arabia’s energy minister Khalid al-Falih on Sunday laid out his case for OPEC and its allies to continue their oil production cuts, despite fraught geopolitics, saying global supplies are Continue Reading
Iran changes tactics, destinations on oil exports, maritime official says
Iran has adopted new tactics and new destinations in shipping its oil exports following the re-imposition of U.S. sanctions, a senior Iranian maritime official was quoted as saying on Saturday Continue Reading
Trump’s sanctions on Iran are hitting Hezbollah, and it hurts
The powerful Lebanese Hezbollah militia has thrived for decades on generous cash handouts from Iran, spending lavishly on benefits for its fighters, funding social services for its constituents and accumulating Continue Reading
Global Oil Shipping Concerns Rise Over Middle East Tensions
While global oil markets are accustomed to factoring geopolitical uncertainty into oil prices, this kind of geopolitical fallout hasn’t been seen for a number of years. The world’s largest oil Continue Reading