Oil Prices Fall On Onslaught Of Bearish News
Oil prices fell sharply on Friday on easing tensions in the Middle East after a rather surprising turn of events. Saudi Arabia is implementing a partial cease-fire in Yemen, rumors Continue Reading
Banks See Oil Prices Staying Low Despite Attacks On Saudi Oil
Concerns about faltering global oil demand and expectations of rising U.S. crude oil exports trump fears of supply shortage after the attacks on Saudi oil and have investment banks predict Continue Reading
Solar, Wind Are Now Cheaper Than Coal In Most Of The World
The world’s premiere authority on global warming, the Intergovernmental Panel on Climate Change (or IPCC for short), announced in an alarming report at the end of last year that the Continue Reading
IEA Might Revise Down Oil Demand Growth Forecasts, Again
If the pace of global economy deteriorates further, the International Energy Agency (IEA) could revise down again its oil demand growth expectations for this year and next, the IEA’s executive Continue Reading
Oil and Gas is Here to Stay
OPEC’s research shows that oil and gas, and this industry as a whole, is here to stay. That’s what OPEC Secretary General Mohammad Sanusi Barkindo revealed in a speech at Continue Reading
Queues as far as the eye can see: new fuel shortage hits Yemen
A fuel shortage is deepening Yemen’s humanitarian crisis, forcing drivers to wait for days in queues that stretch back from some petrol stations as far as the eye can see. Continue Reading
Iran oil industry must be alert to physical, cyber threats: minister
Iran’s oil minister told the petroleum industry on Sunday to be on alert to physical and cyber attacks, amid heightened tensions with the United States in the Gulf region. U.S. Continue Reading
OPEC’s No.2 Prepares For Oil Export Boom
With Iraq’s oil production in August hitting an all-time record high of 4.97 million barrels per day (bpd), according to local Iraqi sources, the country is virtually at the maximum Continue Reading
Saudi crown prince warns of ‘Iran threat’ to global oil
Saudi crown prince: Oil attack “hit the heart of the global energy industry” Saudi crown prince: Oil attack “hit the heart of the global energy industry” Saudi Arabia’s crown prince Continue Reading
Bihar and Uttar Pradesh: More than 100 dead in fresh India flood chaos
Bihar and Uttar Pradesh: Floods bring chaos More than 100 people have died due to flooding caused by heavy rains in the Indian states of Uttar Pradesh and Bihar, officials Continue Reading