Oil Prices Fall Back Below $40 On New COVID Fears
The two-month oil rally has stalled, with WTI falling back to $38 per barrel. The resurgence of Covid-19 across the U.S. has halted the market’s positive momentum. Natural gas prices Continue Reading
Crude Oil Prices for WTI, Brent on Friday, June 26, 2020
Oil posted its second weekly loss for the month, as a surge in U.S. coronavirus cases clouds the demand outlook and casts doubts on the market’s recovery. Futures in New York Continue Reading
Non-OPEC W/O U.S. On Production Plateau
This post updates Non-OPEC production to February 2020. However, we are now in late June 2020 and the effects of the plunge in the price of WTI which began on Continue Reading
Global nuclear power capacity falls 4.5 GW in 2019: IAEA
Global nuclear generating capacity was 391.1 GW as of December 31, 2019, with 443 operational reactors in 30 countries, a fall of 4.5 GW from 386.6 GW at the end Continue Reading
Russia’s Putin, France’s Macron call for Libya ceasefire: Kremlin
Russian President Vladimir Putin and French counterpart Emmanuel Macron called on Friday for a ceasefire in Libya and a return to dialogue, the Kremlin said in a statement following a Continue Reading
UN Warns Abandoned Full Oil Tanker Off Yemen Could Explode
A tanker with 1 million barrels of oil, which has been moored off the Yemeni coast for five years, could explode or sink, the United Nations (UN) warn , in Continue Reading
Parliament passes $18 billion emergency financing law
Iraq’s Parliament has passed a law authorizing new borrowing of nearly $18 billion – an emergency measure that will enable the government to pay public-sector salaries despite a dire financial Continue Reading
Foreign powers preventing Libya from restarting oil output: NOC’s Sanalla
The head of Libya’s state-owned oil company has called out foreign powers for meddling in the country’s oil sector, accusing them of preventing the North African producer from restarting production. Continue Reading
Russian Mercenaries Block Output Restart At Libya’s Largest Oilfield
Russian and other foreign mercenaries entered the Sharara oilfield on Thursday evening to prevent the resumption of oil production at the largest Libyan oilfield. Early this month, NOC resumed production Continue Reading
Egypt, Ethiopia and Sudan to agree Nile dam deal in weeks
Egypt, Ethiopia, and Sudan will agree on a deal to fill the giant Blue Nile dam in two to three weeks, following mediation by the African Union to broker a Continue Reading