Greenpeace Activists Stop BP Rig
Three Greenpeace activists stopped a BP exploration rig that was supposed to leave this weekend from Scotland to an offshore oil field. In a Tweet, one of the activists who identified Continue Reading
Saudi Aramco Offers To Buy Into Russia’s Arctic LNG 2 Project | OilPrice.com
Saudi Arabia’s oil giant Aramco has offered to buy a stake in Russia’s liquefied natural gas project Arctic LNG 2 and hopes that project operator Novatek will accept the offer, Continue Reading
Russia sees too many uncertainties in oil market to commit to further cuts: Novak
Russia is not ready to commit to further production cuts under an OPEC/non-OPEC supply accord, with the oil market facing many uncertainties in the months ahead, the country?s energy minister Continue Reading
Oil rises on supply cuts, but weak economy holds market back
Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia should restrict supplies to current levels, while Washington’s withdrawal of a tariff threat against Mexico removed Continue Reading
Crude oil futures rise after US suspends Mexico tariff ‘indefinitely’
Crude oil futures were higher in mid-morning trade in Asia Monday after the US announced that the tariffs on Mexico will be suspended indefinitely. At 10:06 am Singapore time (0206 Continue Reading
Expect More Bearish News For Oil
Pop goes the weasel. How quickly things can change in the oil market. In less than two months, the oil outlook has swung from strongly bullish to decidedly bearish. Only Continue Reading
Cheap Gas To Fuel New Global Demand Boom
Last year was “another golden year for natural gas,” with demand surging by 4.6 percent, the fastest rate since 2010, according to a new report from the International Energy Agency. Continue Reading
‘’Biofuels Haven’t Cut Gasoline Prices Or Emissions’’
Since its introduction more than a decade ago, the Renewable Fuel Standard (RFS) hasn’t cut gasoline prices outside the Midwest and has even led to a slight rise in pump Continue Reading
Alarm bell on decline of nuclear power way too late
Recently, the International Energy Agency (IEA) warned that neglect of the world’s nuclear electric generating plants would lead to a precipitous decline in climate-friendly nuclear energy production around the world. Continue Reading
Welcome To The Decade Of Slow Economic Growth
In the last 100 years, multiple factors were in play to ensure economic growth. Those factors are disappearing quickly. Returns will be much smaller going forward. The world economy has grown tremendously Continue Reading