The Hottest Energy Investment Niche Of 2020
What a difference a decade can make. Ten years ago, Li-ion batteries were mostly confined to phones and personal computers; fast-forward to the present and they now power our cars, Continue Reading
Is This The Death Knell For Nuclear?
It’s nearly impossible to discuss climate change and the future of the energy industry without discussing nuclear energy. Nuclear energy produces zero carbon emissions, it’s ultra-efficient, it’s already in widespread Continue Reading
Iran has not ruled out talks to end nuclear dispute, says official
Iran said on Monday that it had not closed the “door to negotiations” in efforts to resolve a dispute over its nuclear agreement with world powers that has escalated steadily Continue Reading
Iran says Zarif not attending Davos as its organizers ‘changed its agenda’
Iranian Foreign Minister Mohammad Javad Zarif will not attend the World Economic Forum’s annual meeting in Davos this week because its organizers had “abruptly changed its agenda”, its foreign ministry Continue Reading
Iran’s steps to reduce commitments to nuclear pact are over: Iran foreign minister
Iran’s steps in reducing commitments to the 2015 nuclear deal are over, Iran’s Foreign Minister Mohammad Javad Zarif said on Monday, according to the parliament’s news site ICANA. “The steps Continue Reading
Libya peace summit struggles to draw eastern commander Haftar back into diplomacy
Countries struggled at an international peace summit for Libya struggled on Sunday to draw eastern military commander Khalifa Haftar back into diplomacy, days after he quit talks and more than Continue Reading
As Libya’s international proxy war deepens, U.S. and Europe jolted back into crisis talks
When top American and European officials gather in Berlin for a one-day summit on Sunday, they will try to persuade Libya’s warring sides — and their main international backers — Continue Reading
Libya civil war: Rivals to join major powers in Germany
What’s behind the fight for Libya? Libya’s warring rival factions are joining major powers in Germany in a renewed push to secure a ceasefire to halt the civil war. The Continue Reading
Foreign powers back Libya ceasefire as commander’s forces choke oil flows
Foreign powers agreed at a summit in Berlin on Sunday to shore up a shaky ceasefire in Libya, but the meeting was overshadowed by blockades of oilfields by forces loyal Continue Reading
Berlin summit on Libya did not discuss any sanctions: Merkel
World leaders at a Libya conference in Berlin did not discuss possible sanctions for violations of an international arms embargo, Chancellor Angela Merkel said on Sunday. Speaking at a news Continue Reading
Libya summit in Berlin agrees on final communique: participant
World leaders agreed on a final communique at the Libya conference in Berlin, one summit participant told Reuters on Sunday, without giving details. German Chancellor Angela Merkel and United Nations Continue Reading
Libya faces major oil output shutdown as export blockade begins
Libya’s oil sector could go into a tailspin with two-thirds of its total crude oil production of around 1.20 million b/d at risk after its key oil ports were suspended Continue Reading
World Leaders Agree to Back Cease-Fire in Lengthy Libyan Civil War
International backers of the two main sides of the conflict in Libya agreed to support a cease-fire and uphold an embargo on the arms and financing that are fueling the Continue Reading
Libya’s oil blockade removes more than 1 mil b/d of sweet crude from global market
OPEC member Libya was producing between 1.15 million and 1.20 million b/d last week before the blockade began. Libyan crude production averaged 1.06 million b/d in 2019, according to S&P Continue Reading
Turkey spars with EU over fresh drilling off Cyprus
Turkey called on Sunday for the European Union to end what it said was the bloc’s prejudice against Turkish Cypriots, defending its launch of a fresh round of hydrocarbons drilling Continue Reading
More than 300 people wounded in Beirut protest clashes: rescuers
Lebanese rescuers treated more than 300 people for injuries during hours of clashes between security forces and protesters that rocked central Beirut on Saturday night. It was the highest toll Continue Reading
December production stumbles on temporary Rumaila outage
Iraq finished 2019 with its lowest monthly production average of the year due to OPEC cuts and a brief output drop at its most prolific field. Workers move equipment at Continue Reading
Qatar to develop 800 MW solar power plant with Total, Marubeni
Qatar plans to develop a 800 MW solar power plant near the capital Doha, in partnership with France’s Total and Marubeni of Japan as the Middle East state accelerates its Continue Reading
Pakistan to import 300,000 tonnes of wheat to meet flour crises
Pakistan on Monday approved the import of 300,000 tonnes of wheat to relieve a shortage of flour supplies that has created a crisis for the government of Prime Minister Imran Continue Reading
US extends Venezuelan oil refiner Citgo’s lifeline
The US government has given Venezuelan-owned, Texas-based oil refiner Citgo another three-month lifeline, protecting it from creditors who are trying to seize it in compensation for missed debt repayments. In a Continue Reading
Maduro says he’s still in control of Venezuela, ready for direct talks with the United States
Venezuelan President Nicolás Maduro cast himself as the wily survivor of a dramatic, year-long struggle by the opposition at home and its allies in Washington to unseat him, and said Continue Reading
How Important Is The Suriname Oil Discovery?
The discovery of the Maka field in offshore Suriname will become one of the main upstream stories of 2020, bringing Suriname onto the international oil map, potentially spawning a new Continue Reading
Pompeo looks forward to meeting with Venezuela’s Guaido in Colombia
U.S. Secretary of State Mike Pompeo said on Sunday he looks forward to meeting with Venezuelan opposition leader Juan Guaido on Monday in Bogota at a regional counter-terrorism conference. “We Continue Reading
Oil Is The Only Way Back Up For Venezuela
There’s only one path to rebuilding Venezuela, and it’s paved with oil. For the time being, that path leads nowhere. The key to controlling everything now lies with the National Continue Reading
In Australia, fires heat up environmental movement
When the flames swept up from the cove through the gum trees, Neda Cettnic signaled frantically that it was time for her grandchildren to get off the roof. It was Continue Reading
Australia fires: Victoria braces for severe storms
Heavy rains have doused many of the country’s bushfires Forecasters have warned of severe storms in Australia’s fire-hit state of Victoria, which could lead to flooding. Recent heavy rains have Continue Reading
China’s Cheap Electric Vehicles Could Disrupt Global Markets
While Western automakers race to capture market share in the world’s biggest electric car market, China, hundreds of Chinese electric vehicle (EV) makers have sprung up in recent years to Continue Reading
Could Renewables Overtake Coal In China?
In September of last year Oilprice reported an incredible milestone for renewable energy when solar and wind power became cheaper than coal in most of the world. Now, a new Continue Reading
China’s falling birth rate threatens economic growth
Fewer than one in four women of child-bearing age in Shanghai is willing to have a second baby, exposing another threat to a Chinese economy that is already growing at Continue Reading
Trump’s China deal was pitched as boon for working class, but he celebrated with Wall Street titans
Standing against a backdrop of Chinese and American flags, President Trump welcomed by name a roster of corporate executives and Wall Street bankers to the signing of his landmark trade Continue Reading
New China virus: Number of cases jumps as infection spreads to Beijing
The majority of cases have been detected in the city of Wuhan The number of people infected with a new virus in China tripled over the weekend, with the outbreak Continue Reading
Single-use plastic: China to ban bags and other items
China has for years been struggling to deal with the rubbish its 1.4 billion citizens generate China, one of the world’s biggest users of plastic, has unveiled a major plan Continue Reading
Could Renewables Overtake Coal In China?
In September of last year Oilprice reported an incredible milestone for renewable energy when solar and wind power became cheaper than coal in most of the world. Now, a new Continue Reading
Researchers propose optimization strategy for Atkinson cycle engines in hybrids
A team from the Beijing Institute of Technology and Beiqi Foton Motor are proposing a performance optimization strategy for the Atkinson cycle gasoline engine, which is playing a key role Continue Reading
U.S. Companies Fuel Europe’s Green-Energy Push
U.S. companies are underwriting the European Union’s ambitious climate goals, fueling the bloc’s green-energy transition with power deals that cut emissions and costs. Alphabet Inc.’s Google bought enough wind and Continue Reading
The New Energy Superpower In The Middle East
Russia under President Putin has regained some of the global importance that it lost after the breakup of the Soviet Union. During the Cold War, Moscow had a significant presence Continue Reading
Climate change pushes investors to take their temperature
Move over revenue growth and dividend payouts: it’s time to take your portfolio’s temperature. Policymakers are pushing investors to do more to ensure their portfolio choices help to meet the Continue Reading
Russian opposition wants big protest over Putin’s plan to ‘rule for ever’
Russia’s anti-Kremlin opposition said on Monday it planned to stage a big protest next month against President Vladimir Putin’s proposed constitutional changes, which it cast as a ploy for Putin Continue Reading
Oil steadies as Chinese economy offsets trade optimism
Oil prices steadied on Friday as sluggish economic growth in China, the world’s biggest crude importer, raised concerns over fuel demand and countered optimism from the signing of a China-U.S. Continue Reading
The Single Biggest Factor In Oil This Week
Oil prices regained a bit of ground at the end of the week on optimism surrounding the Phase 1 U.S.-China trade deal. At the same time, China reported some downbeat Continue Reading
Is $90 Oil Possible? An Interview With Jay Park
As the asymmetric war between Iran and the U.S. continues to escalate, threatening oil supply across the Middle East, oil markets appear to be entirely ignoring the conflict. As oil Continue Reading
Rapidly Rising Product Inventories Are An Obstacle For Oil
U.S. West Texas Intermediate crude oil futures are edging higher on Friday, grinding out a small gain for a third session out of four. Despite what looks like to be Continue Reading
Iran’s budget crisis to deepen as oil exports shrink: US State’s Hook
Iran’s economy could contract by as much as 14% this year as US sanctions strangle its oil exports and cut revenues by $50 billion, US State Department Iran envoy Brian Continue Reading
Erdogan calls on Europe to support Turkey’s moves in Libya: Politico
Turkish President Tayyip Erdogan has called on Europe to support its work in Libya, where it is providing military support to the internationally-recognized government if it wants to end the Continue Reading
Oil exports from eastern and central Libyan oil ports to be shut: NOC source
Oil exports from eastern and central Libyan oil ports will be shut from Saturday resulting in the loss of 700,000 barrels a day, a source at state oil firm NOC Continue Reading
Libyan eastern forces says closing oil ports ‘huge step’ by the people
The closing of Libya’s oil ports is “a huge step” by the Libyan people, the spokesman of Libyan forces loyal to eastern-based commander Khalifa Haftar said on Friday. Spokesman Ahmed Continue Reading
Iran’s Khamenei stands by Guards after unrest over downed plane
Iran’s supreme leader threw his support behind the elite Revolutionary Guards in a rare sermon on Friday after their belated admission that they had accidentally downed an airliner triggered days Continue Reading
France Helps Saudi Arabia Protect Oil Facilities From New Attacks
France has deployed a radar system on Saudi Arabia’s eastern coast that faces the Persian Gulf to help the Kingdom protect its vital oil infrastructure, which was hit by attacks Continue Reading
Iraqi security forces kill one protester, wound 25: sources
Iraqi security forces killed at least one protester and wounded 25 others on Friday when they launched tear gas canisters to break up a crowd trying to breach Baghdad’s Sinak Continue Reading
Explainer: How close is Iran to producing a nuclear bomb?
The central achievement of the Iran nuclear deal – keeping Tehran at arm’s length from nuclear weapons – is eroding. The 2015 accord’s many restrictions on Iran’s atomic activities were Continue Reading