Lebanon’s Prime Minister, Saad Hariri, to Step Down
Prime Minister Saad Hariri of Lebanon said on Tuesday that he and his cabinet would resign, bowing to a basic demand of the enormous antigovernment protests that have consumed the Continue Reading
As protests rock Iraq, influential Shiite cleric calls to overhaul political system
Tens of thousands of anti-government demonstrators amassed in central Baghdad and other Iraqi cities on Tuesday as one of Iraq’s most powerful Shiite clerics, Moqtada al-Sadr, called for sweeping changes Continue Reading
Russia Releases Damning Evidence Of The U.S. Smuggling Syrian Oil
The Russian Ministry of Defense has published satellite intelligence images, showing American oil smuggling from Syria. (Click to enlarge) Image 1: Situation in the Syrian Arab Republic as of October Continue Reading
Oil Companies Return To Libya Despite Civil War
Egyptian oil companies that had operations in Libya but pulled out during the civil war will return to the country, the National Oil Corporation said . NOC’s chairman Mustafa Sanalla Continue Reading
The U.S. Sanction Attack On Iran Is Far From Over
The United States will continue to increase the economic pressure on Iran, Treasury Secretary Steven Mnuchin said in Israel, during a meeting with Prime Minister Benjamin Netanyahu. “We have executed Continue Reading
Aramco IPO will come soon, Saudi crown prince to decide: energy minister
The initial public offering (IPO) for state-owned oil company Saudi Aramco will come soon, and will be a decision taken by Saudi Crown Prince Mohammed bin Salman, the kingdom’s energy Continue Reading
The Shady Truth Behind The Aramco IPO
One thing that professional bank and fund traders know that others may not is to absolutely never trust the credit rating agencies in making trading decisions. The reason for this Continue Reading
Nigeria: $62bn Controversy – Why Nigeria Could Not Amend Contracts With IOCs – NNPC COO
The recent decision by the Federal Government through the Office of the Attorney General of the Federation and Minister of Justice, Abubakar Malami, to demand from the international joint venture Continue Reading
Will OPEC+ Extend the Cuts?
OPEC+ will, at the very least, extend production curbs beyond the March 2020 deadline. That’s according to Stephen Brennock, an oil analyst at PVM Oil Associates, who said failure to Continue Reading
Are Concrete Blocks the Next Batteries?
Energy storage is an increasingly large problem with renewable energy . Energy Vault wants to solve it by storing extra energy as potential energy in concrete blocks. The company recently Continue Reading
In U.S.-China talks, Beijing’s refusal to spell out farm buys is big sticking point – Reuters
U.S. President Donald Trump’s demand that Beijing commit to big purchases of American farm products has become a major sticking point in talks to end the Sino-U.S. trade war, according Continue Reading
The United States Should Fear a Faltering China
Xi Jinping during the celebrations for the 70th anniversary of the founding of the People’s Republic of China in Beijing, October 2019 The defining geopolitical story of our time is Continue Reading
A ‘high-end and dangerous’ Santa Ana wind event will dramatically escalate California’s fire risk starting Tuesday night
Just as California’s fire weather appeared to be abating somewhat, newly issued forecasts show that for tens of millions, the worst may be yet to come. On Tuesday and Tuesday Continue Reading
The Secret To Unlocking The Holy Grail Of Energy
Ah, nuclear fusion. That holy grail of clean energy. For decades, its potential as a near-limitless source of totally green, emissions-free, radioactive nuclear waste-free power has been touted as the Continue Reading
API Reports Fourth Straight Oil Inventory Build
The American Petroleum Institute (API) has estimated a small crude oil inventory build of 592,000 barrels for the week ending October 24—close to analyst expectations of a 729,000-barrel build. Last Continue Reading
Coal’s Slow And Painful Demise Bankrupts Another Mining Giant
Murray Energy, the US largest privately owned coal producer led by outspoken Donald Trump’s ally Robert Murray, has filed for chapter 11 protection , as the fossil fuel’s role in Continue Reading
Pump prices in the US Midwest continue to slide
Prices at the pump continued their downward slide in the US Midwest, following large drops in the differential price for Chicago RBOB, which reached a low of NYMEX November RBOB Continue Reading
Permian Water Project Secures Financing
A pipeline project that would transport non-potable reclaimed water from Lubbock, Texas, to industrial customers in the Permian Basin has cleared an important hurdle. A pipeline project that would transport Continue Reading
U.S. economy likely lost further ground in third quarter
The U.S. economy likely slowed further in the third quarter, held back by a moderation in consumer spending and declining business investment, which could spur the Federal Reserve to cut Continue Reading
Shale Stocks Are Suffering From A Sentiment Problem
Third-quarter earnings in the oil and gas industry have begun to trickle in at a time when investors have the lowest confidence and interest in U.S. shale stocks in years. Continue Reading
The Surprising Winner Of The Oil & Gas Exploration Race
Norway saw the highest number of oil and gas discoveries in the third quarter, with six out of the 38 oil and natural gas finds made around the world, data Continue Reading
BP: Oil Is “Finely Balanced” At $60
The Brent Crude price is finely balanced at US$60 per barrel, but the U.S.-China trade spat will likely drag oil demand and, as a result, oil prices, lower rather than Continue Reading
German exports to shrink for first time since global financial crisis: DIHK
German exports will shrink next year for the first time since the global financial crisis over a decade ago, the DIHK Chambers of Industry and Commerce said on Wednesday, as Continue Reading
Russia to overtake Indonesia as top exporter of thermal coal by 2040: IEA
Russia is expected to overtake Indonesia as the biggest exporter of coal by 2040, as the Southeast Asian country’s thermal coal production stagnates, the International Energy Agency said Wednesday. In Continue Reading
Crude futures steady in Asia trade as market awaits fresh drivers | S&P Global Platts
Crude oil futures were largely stable in mid-morning trade in Asia Tuesday, after settling lower overnight on bearish macroeconomic data, as the market awaits fresh drivers after the Diwali public Continue Reading
Turkey says Kurdish YPG has not fully withdrawn from Syria border area
Kurdish YPG forces have not fully withdrawn from a strip of northeastern Syria under a Russia-brokered accord that is about to expire, Turkey’s foreign minister said on Monday, as Ankara Continue Reading
How Iran Used Google To Disrupt 5% Of Global Oil Production
Officials at Saudi Aramco believe that Iran used satellite maps from Google Maps to precisely attack the oil facilities in Saudi Arabia in the middle of September, a U.S. Senator Continue Reading
Iran’s Desperate Attempt To Settle Its Debts
Iran’s government plans to pay its debts to private firms with proceeds it aims to raise by selling stakes in state-held refining and petrochemical companies, Iranian economic daily Financial Tribune Continue Reading
Will The U.S. Shale Slowdown Save OPEC?
Russia and its OPEC partners in the production cut deal will take into account the slowing U.S. shale production growth at their December meeting to discuss the agreement, Russia’s Deputy Continue Reading
Saudi Aramco aims to begin planned IPO on Nov. 3: sources
Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal Continue Reading
Iran’s thirsty energy industry runs up against water shortage
The plan to build a petrochemical plant near the Iranian city of Firouzabad had everything usually needed to get a project off the ground: approval from the nation’s top authority, Continue Reading
The Key To Iran’s Success In The Face Of Sanctions
One of the most humiliating aspects for Iran of the last sanctions era was that it was dependent on the whim of the U.S. for gasoline just to keep its Continue Reading
Saudi Aramco to list shares on local exchange on Dec 11: report
Saudi Aramco, the state-owned company seeking to sell up to a 5% stake in an IPO, will list its shares on the local Saudi exchange on December 11, with a Continue Reading
Saving Citgo: The Final Hope For Venezuela’s Most Important Oil Asset
PDVSA’s 2020 bond payment that is due today is largely expected to go into default by tomorrow, but the collateral used to back the bond, the US-based Citgo refinery, may Continue Reading
The Billion Dollar Bet On An Oil Price Crash
Mexico’s oil hedgers, one of the world’s most-active sovereign oil-trading desk, has spent nearly $1 billion on options contracts to protect the government’s revenues from oil sales for 2020 against Continue Reading
Pemex reports fourth straight quarterly loss as oil output rises
Pemex, Mexico’s debt-burdened state oil producer, has reported a fourth consecutive quarterly loss but lauded a slight increase in crude output as a hopeful sign for the strained finances of the Continue Reading
Tesla’s Tipping Point: Breaking Into China
Tesla chief Elon Musk believes China be the tipping point that will lead to his company’s global domination of the electric vehicle stage, but it’s become a very tough sell. Continue Reading
U.S.-China tensions spur progress on giant Asia trade pact
Tensions between the United States and China have given new impetus to a China-backed trade pact and there is a chance of major progress, if not final agreement, when Southeast Continue Reading
VW ramps up China electric car factories, taking aim at Tesla
Volkswagen AG ( VOWG_p.DE ) is ramping up production of electric cars to around 1 million vehicles by end of 2022, according to manufacturing plans seen by Reuters, enabling the Continue Reading
California’s Blackouts Are Part Of A Far Bigger Problem
This past weekend, Pacific Gas & Electric had to resume electricity blackouts to 930,000 customers affecting upwards of three million people around San Francisco. Meanwhile, two major wildfires, one of Continue Reading
A Death Sentence For Small Oil & Gas Drillers
Some of the largest banks financing U.S. oil and gas drillers have recently reduced their expectations for oil and natural gas prices, determining the value of companies’ reserves and loans Continue Reading
Analysis: US crude inventories likely higher last week as refinery runs remain low | S&P Global Platts
US crude inventories likely climbed last week as many refiners remained in maintenance and imports climbed. Analysts polled by S&P Global Platts were looking for crude stocks to have climbed 2.5 Continue Reading
Fire threatens posh L.A. homes as blaze in California wine country rages on
Wind-whipped flames chased thousands of residents from wealthy Los Angeles neighborhoods and threatened the city’s famed Getty Center museum on Monday, the latest outbreak in a wildfire season that has Continue Reading
Murray Energy Files for Bankruptcy, Casualty of Coal’s Decline
Murray Energy Corp., the coal producer led by outspoken Trump administration ally Robert Murray, has filed for chapter 11 protection, a stark example of coal’s diminished role in the U.S. Continue Reading
General Motors Sides With Trump in Emissions Fight, Splitting the Industry
GM Said Monday they were intervening on the side of the Trump administration in an escalating battle with California over fuel economy standards for automobiles. Their decision pits them against Continue Reading
Wild fall freeze: Utah falls close to minus-35 as West shivers, while bitter cold oozes east
Temperatures will fall significantly this week over much of the Lower 48, as a mass of cold air descends southward over the United States. (Weatherbell.com) October 28 at 6:54 PM Continue Reading
U.S. Shale Braces For Brutal Earnings Season
A lot of big names will report third quarter earnings this week, and the results are expected to be worse than the same period in 2018. The timing comes as Continue Reading
Texas Hit Hard By Shale Slowdown
Texas’ economy is perhaps the most vulnerable to oil price swings given its leading role in the country’s oil industry. Recently, as prices have remained low, talk has begun about Continue Reading
US drilling on federal and Indian lands surges in 2019
Applications for permits to drill on federal and Indian lands have increased by more than 300% over the past two years with New Mexico and Wyoming receiving most of the Continue Reading
World ‘Awash’ in Oil as U.S. Sees Its Shale Boom Barreling Ahead
Global markets are “awash” in crude thanks to the surge in U.S. oil output, and the boom looks set to continue, U.S. Energy Secretary Rick Perry said in a Bloomberg Continue Reading