Oil Prices for May 20, 2020
Oil steadied after a four-day gain as investors weighed signs the market is rebalancing against what’s still a precarious economic outlook. Futures in New York for July delivery were little Continue Reading
Oil Prices Surge One Month After Hitting Zero
For the world’s most important commodity, there’s never been a month like it.Just a few weeks ago, crude oil was akin to industrial waste in some parts of the world, Continue Reading
Oil Jumps After API Reports Draw In Crude Oil Inventories
The American Petroleum Institute (API) estimated on Tuesday a large crude oil inventory draw, of 4.8 million barrels for the week ending May 15. Analysts had predicted an inventory build Continue Reading
Biggest Fall in Global Emissions Shows the Limits of Individual Action
Images AsiaPac Grounded flights, emptied highways and shuttered factories caused global carbon-dioxide emissions to fall to levels not seen since 2006 as stay-at-home orders peaked last month. On April 7, Continue Reading
New Study Shows Global Warming Increasing Frequency of the Most-Destructive Tropical Storms
A new study provides evidence for the influence of warming oceans on increased hurricane intensity. Credit: NOAA New warnings of a global warming-driven increase in the most deadly and destructive Continue Reading
The Twilight of the Iranian Revolution
One night last December, the chief resident physician at a hospital in the Iranian city of Gorgan was asked to consult on a baffling case: a patient was racked with Continue Reading
Iran Sees New Surge in Virus Cases After Reopening Country
Arash Khamooshi for The New York Times When Iran began to reopen late last month, commuters packed subways and buses, young people lined up for takeout hamburgers and pizza, and Continue Reading
Saudi Arabia’s Big Dreams and Easy Living Hit a Wall
Saudi Arabia knows about head-spinning change. “One day there was nothing, the next day there was everything,” a business student, Noura Khalid, 23, said in Riyadh in December, describing how Continue Reading
Iran Quietly Lowers the Temperature With U.S.
After years of increasing tensions that nearly led to war, Iran has moderated its approach to the West, shifting from a policy of provocation to one of limited cooperation. The Continue Reading
Angola’s oil exploration evaporates as COVID-19 overshadows historic reforms
The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a halt in Angola, Africa’s second-largest Continue Reading