What’s Behind The Mid-Week Oil Price Crash
Oil prices crashed mid-week on news that U.S. crude oil inventories spiked, offering evidence that the oil market is not as tight as expected only a few days ago. U.S. Continue Reading
BP CEO: Trump Is The Wild Card In Oil Markets
More than a week after the U.S. announced that it was ending all sanction waivers for Iranian oil customers, President Donald Trump’s policy toward Iran is still the key wild Continue Reading
Many ports support open loop scrubbers use in their waters: CSA 2020
The Clean Shipping Alliance, or CSA 2020, has received written approvals and no-objection letters from more than 20 ports covering Europe, the Americas, Asia and Australasia indicating they have no Continue Reading
GlobalData: Global battery energy storage market to grow by 7% to reach $13.13B by 2023
The global battery energy storage market will to grow to $13.13 billion by 2023, according to a new forecast by GlobalData. Asia-Pacific (APAC) and EMEA will be the dominant markets Continue Reading
US confident OPEC will meet any supply gap from tougher Iran sanctions: DOE chief
The world’s major oil producers can offset any potential supply disruption as tougher US sanctions remove more Iranian barrels from the market, the US Department of Energy said Thursday. Energy Continue Reading
Has OPEC Reached Its Real Output Cut Goals?
OPEC production estimates from a couple of surveys are in and they suggest the cartel, despite its best efforts, has not been completely successful in its efforts to drive prices Continue Reading
Turkey Can’t Fill Oil Void Left By U.S. Sanctions On Iran
Turkey will not be able to “quickly” source oil from alternate sources after the US ended the waivers previously extended to Turkey for the purchase of Iranian oil, Turkish foreign Continue Reading
Iran Readies For Attack As US Waivers On Iranian Oil Expire
Iran’s armed forces should prepare as if an attack were imminent, General Abdolrahim Mousavi instructed on Thursday just as the US waivers on Iranian crude oil sanctions expired, according to Continue Reading
India Asked US If It Can Keep Purchasing Iranian Crude Oil Despite End Of Waiver
India has asked the United States if it would be flexible in allowing India to continue importing Iranian crude oil despite the end of the sanction waivers on May 1, Continue Reading
After Oil, Washington Weighs Sanctions on Iran’s Other Sources of U.S. Dollars
The Trump administration is considering a more-aggressive enforcement of its economic sanctions on Iran—targeting more companies and financial institutions that do business with the Islamic Republic in an attempt to Continue Reading