Oil inches up as Iran and United States trade threats
Oil prices edged up on Monday, after Brent touched above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a Continue Reading
Goldman Sachs: This Oil Rally Won’t Last
Although oil prices hit a seven-month high on Friday and continued to soar early on Monday, these high price levels are unlikely to persist for long if global oil supplies Continue Reading
Peak oil demand could arrive much sooner than expected, says oil firm
Repsol has drilled oil wells in Libya Benjamin Lowy/Getty Images The world’s appetite for oil could peak within five years, according to one of Europe’s biggest oil and gas firms Continue Reading
2020: The Decade For Energy Storage
The developers of the lithium-ion battery won the Nobel Prize in Chemistry 2019, in recognition of a scientific achievement that has helped power our mobile phones, laptops, and electric vehicles Continue Reading
OPEC Oil Production Falls As Laggards Begin To Comply
OPEC’s crude oil production further declined in December as the cartel’s leader Saudi Arabia continued to lead by example cutting much more than required and as the biggest laggards in Continue Reading
‘Never threaten the Iranian nation,’ Rouhani warns Trump as crowds mourn commander
Iran’s Supreme Leader Ayatollah Ali Khamenei wept in grief with hundreds of thousands of mourners thronging Tehran’s streets on Monday for the funeral of military commander Qassem Soleimani, killed by Continue Reading
OPEC+ says will respond to any oil emergency from Iran crisis, but spare capacity tight
OPEC and its allies thought they’d be facing a potential crisis of oversupply in the oil market in the early goings of 2020, but instead the assassination of Iranian General Continue Reading
Iran’s Retaliation Could Cause A Middle East Oil Shock
Iran’s clerical leadership, under “Supreme Leader” Ayatollah Ali HoseiniKhamene‘i, is expected to make rapid, significant, and symbolic responses to the targeted killing in Baghdad on January 3, 2019, of Iranian Continue Reading
Chevron temporarily evacuates expat staff from Iraq
Chevron has temporarily evacuated expatriate staff and contractors from Iraqi Kurdistan in response to the killing of Iranian General Qassem Soleimani and heightened tensions in the Middle East, but said Continue Reading
Trump threatens Iraq sanctions as Iran ends nuclear commitments
US President Donald Trump threatened to slap sanctions on Iraq after the parliament in Baghdad voted to kick foreign troops out of OPEC’s second largest oil producer and Iran decided Continue Reading