OPEC is playing into Thunberg’s hands on climate change
OPEC would be wise to avoid picking a fight with Greta Thunberg. The 16-year-old poster child of the Extinction Rebellion movement wants to bring the fossil fuel era to an Continue Reading
Iran fumes as Britain seizes Iranian oil tanker over Syria sanctions
British Royal Marines seized a giant Iranian oil tanker in Gibraltar on Thursday for trying to take oil to Syria in violation of EU sanctions, a dramatic step that drew Continue Reading
Iran makes new nuclear threats that would reverse steps in pact
Iran threatened on Monday to restart deactivated centrifuges and ramp up enrichment of uranium to 20% purity in a move away from the 2015 nuclear deal, but the head of Continue Reading
EU, Cyprus protest as second Turkish ship plans to drill off island
A Turkish ship planning to drill for oil and gas close to Cyprus dropped anchor off the island on Monday, triggering a strong protest from Nicosia and a rebuke from Continue Reading
Squeezed by sanctions, Venezuela sells oil to tiny Turkish firm
With U.S. sanctions blocking Venezuela from selling oil to the United States, state-owned energy firm PDVSA has turned to several little-known buyers that include a tiny Turkish company with no Continue Reading
Why the U.S. Should Remain Protector of World Oil Flows
As tensions between the U.S. and Iran rise, a series of incidents has put a strategic maritime waterway back into the spotlight: The Strait of Hormuz. WSJ’s John Simons explains. Continue Reading
‘‘Psychological War’’ With Iran Fails To Move Oil Markets
The Trump administration refrained from a military strike last month, but the U.S. and Iran’s cycle of escalation continues. Iran announced its latest plans to reduce its commitment to the Continue Reading
Seized Iranian Tanker Fully Laden With Crude Oil
The Government of Gibraltar has confirmed that the Iranian supertanker allegedly on its way to Syria was fully laden with 2 million barrels of crude oil, Reuters reported on Monday. Continue Reading
Oil Tankers Avoid Fujairah In Wake Of Attacks
Tankers are shunning the port of Fujairah in the UAE, the main refueling hub of the Middle East, following the two attacks involving tankers in the area in the past Continue Reading
Major Blackout Threatens Venezuelan Oil Production
A blackout struck a major Venezuelan oil refinery, crippling operations at a time when oil production had appeared to be stabilizing. It’s been an odd few months for Venezuela, where Continue Reading