Prepare For Major Oil Market Consolidation
COVID-19 Market Update Brent crude gained over 1% Thursday, which–dull as it sounds–was its highest level since March. The bump came as US inventories lessen and OPEC cuts production, while Continue Reading
Not All Electric Vehicles Are Cars, You Know
This year is shaping up to be an awful one for the global auto sector. In its latest Long-Term Electric Vehicle Outlook, BloombergNEF expects a 23% decline in sales of Continue Reading
As Covid-19 Hits Electric Vehicles, Some Thrive, Others Die
This year is shaping up to be an awful one for the global auto sector. In its latest Long-Term Electric Vehicle Outlook, BloombergNEF expects a 23% decline in sales of Continue Reading
Haftar and Turkey Trade Threats as Libya’s War Risks Escalation
Libyan military commander Khalifa Haftar raised the prospect of a dangerous new escalation in the North African country’s war with a threat to target Turkish forces backing the internationally recognized Continue Reading
Most of India Coal Plants May Miss Emission Deadline, Study Says
A majority of India’s coal-fired power stations may miss deadlines to curb toxic emissions, hurting efforts to curb air pollution, according to non-profit group Centre for Science and Environment. As much Continue Reading
The OPEC+ Compliance Struggle
1. Rig count hits record low – The U.S. rig count has fallen to record lows, plunging to 339 rigs on May 12. Since record-keeping began by Baker Hughes back Continue Reading
Baghdad offers Kurdistan payment tied to budget talks
Letter from Iraqi finance minister to KRG prime minister offers a one-time, $338 million payment – and continuing negotiations for a new budget deal. Newly appointed Finance Minister Ali Allawi Continue Reading
UK Judge Dismisses $1B Nigeria Bribery Case Against Eni, Shell
A UK judge dismissed on Friday a lawsuit against Eni and Shell brought by the Nigerian government alleging that the oil and gas supermajors knew about US$1.1 billion in bribes Continue Reading
Venezuelans Now Lack Gas to Cook on Top of Gasoline Shortages
Venezuelans forced to queue for days to fill up their cars with gasoline are now facing a growing shortage of propane to cook after a processing plant caught fire and Continue Reading
The 5 Oil Tankers That Could Start A War
While a cold war with China is working its way towards the inevitable, another situation is developing that could lead to physical clashes between Iran and the United States over Continue Reading