The United States moved to restore all U.N. sanctions on Iran on Thursday, arguing Tehran was in violation of a nuclear deal it struck with world powers in 2015 even Continue Reading
U.S. President Donald Trump on Thursday redoubled his promise to withdraw the few U.S. troops still in Iraq, but said Washington would remain ready to help if neighboring Iran took Continue Reading
The Saudi royal running the kingdom’s oil policy is achieving something his predecessor never did: bringing the quota cheats of OPEC+ to heel. Prince Abdulaziz bin Salman has done this through Continue Reading
Four generations of Ayman Alameer’s family have lived in a large burnt-brick house in this capital’s ancient Old City. He says the house dates back 500 years and in recent Continue Reading
Kuwait is running out of money for the salaries of public servants and will have no money to cover these after November, the country’s finance minister told parliament. Unless oil Continue Reading
The OPEC+ group has as much as 2.31 million barrels per day (bpd) of oil production above the collective quota for May-July to offset in August and September, Reuters reported Continue Reading
Saudi Arabia’s crude oil exports plunged to the lowest on record in June and production fell to the lowest in 17 years as OPEC and its allies continued their campaign Continue Reading
Libya could export oil again, but only temporarily. Eastern commander Khalifa Haftar will allow ports to restart operations in order to dispose of stored fuel and gas, Naji al-Maghrabi, head Continue Reading
A diplomatic standoff over restoring international sanctions against Iran may be the most vivid example yet of how the United States has largely isolated itself from the world order — Continue Reading
U.S. efforts to have the U.N sanctions on Iran reimposed will have “dangerous consequences,” Iran’s foreign minister Javad Zarif said in a letter to the UN on Thursday, Reuters reported Continue Reading
An attempt by the Basra Oil Company (BOC) to take over logistics operations of Iraq’s offshore oil facilities in the Basra Gulf has led to a rift with Iraq’s ports Continue Reading
The Trump administration is tapping into more than $300 million in frozen Venezuelan government funds in an effort to give new momentum to its elusive goal of ousting President Nicolás Continue Reading
One country often ignored when considering Latin America’s regional hydrocarbon sector is the Latin American country of Peru. Over the last two decades, the Andean country has developed rapidly to Continue Reading
The new government in the world’s newest oil producer, Guyana, looks to raise the requirement for local content in employment and procurement of goods and services in the offshore oil Continue Reading
Ms. Rangel pleaded guilty to a count of conspiracy to commit an offense against the U.S., according to a plea agreement filed last week. Felipe Jaramillo, a lawyer who represents Continue Reading
President Donald Trump said he called off last weekend’s trade talks with China, raising questions about the future of a deal that is now the most stable point in an Continue Reading
Whenever the commodity cycle reaches a trough, all eyes turn to China. Asia’s biggest powerhouse has through years of explosive growth become the top—or one of the top—importers of many Continue Reading
Health authorities in China’s capital Beijing have removed a requirement for people to wear masks outdoors, further relaxing rules aimed at preventing the spread the novel coronavirus after the city Continue Reading
Water levels at China’s giant Three Gorges Dam on the Yangtze river are inching closer to their maximum after torrential rains raised inflows to a record high, official data showed Continue Reading
Wang Nianyin was still asleep on the second floor of his Lulu Cat Café on Wednesday morning when water seeped onto the picturesque stone streets outside. The waters around Chongqing Continue Reading
A wildfire was raging outside, but inside the evacuation centers there were risks, too. Natalie Lyons and Craig Phillips had to make a decision Thursday morning as they sat in their Continue Reading
Applications for U.S. unemployment benefits unexpectedly increased last week, a stumble for the labor market in its long road to recovery. Initial jobless claims in regular state programs rose by 135,000 Continue Reading
As schools reopen in parts of the United States, a study published Thursday found that some children have high levels of virus in their airways during the first three days Continue Reading
Gas deliveries to US liquefaction terminals rose to the highest level in two and a half months Aug. 20 at almost 5 Bcf/d amid improving prices in end-user markets and Continue Reading
Forwards markets are becoming increasingly bullish on winter natural gas prices in West Texas as the recent and precipitous drop in Permian Basin drilling activity begins taking its toll on Continue Reading
Capacitors that rapidly store and release electric energy are key components in modern electronics and power systems. However, the most commonly used ones have low energy densities compared to other Continue Reading
Day three of the Democratic National Convention on Wednesday featured meetings of the Black and Hispanic caucuses, the run-up to Senator Kamala Harris’s primetime speech, and delicate attempts by the Continue Reading
Democratic Presidential nominee Joe Biden’s stance on the issue of hydraulic fracturing has been unclear. During a March 15 debate with then-rival U.S. Sen. Bernie Sanders of Vermont, Biden said Continue Reading
London’s Heathrow Airport, the U.K.’s busiest, unveiled a new coronavirus testing facility Wednesday that it says could halve the length of time people have to stay at home after arriving Continue Reading
European Central Bank officials signaled that they could roll out new monetary stimulus in the fall to shore up economic growth, as the region wrestles with rising unemployment and a Continue Reading
Every severe economic crisis shakes the basic foundations of seemingly mainstream policies and ideas and makes one wonder whether the recession’s impact could have been mitigated by timely and ambitious Continue Reading
The Ministry of Economic Affairs, Labor and Housing of the German state of Baden-Württemberg announced that it will finance a two-year project aimed at investigating how to best reclaim battery Continue Reading
UK-based offshore drilling contractor Valaris has filed for bankruptcy protection in the United States, offering creditors to swap some $6.5 billion of its $7.8-billion debt pile for equity. The company Continue Reading
Britain’s economic recovery from the shock of the COVID-19 pandemic has gathered pace, data showed on Friday, but government borrowing rose past the 2 trillion pound ($2.64 trillion) mark and Continue Reading
The recovery among British businesses from the shock of the COVID-19 pandemic quickened again in August, but snowballing job cuts sent an ominous signal for the months ahead, a survey Continue Reading
The euro zone’s recovery from its deepest economic downturn on record hit the brakes in August, particularly in services, as pent-up demand unleashed by the easing of coronavirus lockdowns dwindled, Continue Reading
German growth momentum slowed in August with activity in services grinding to a halt, highlighting the fragile state of the economy. A Purchasing Managers’ Index for services fell sharply after a Continue Reading
French manufacturing unexpectedly contracted in August after a two-month rebound, a setback that will raise questions about the true state of the economy and the need for more stimulus. A Purchasing Continue Reading
The European economy’s rebound from the coronavirus recession slowed in August, as a pick up in new confirmed cases appeared to hobble the reopening of some businesses and travel from Continue Reading
The eurozone’s economic rebound from the coronavirus pandemic is losing steam after several months of improvement, according to a widely watched survey of business activity. The IHS Markit flash composite purchasing managers’ Continue Reading
Coronavirus is spreading far faster in Spain than in the rest of Europe, confronting the country with a race against time to bring the outbreak under control before the return Continue Reading
Crude oil futures were lower in mid-morning trade in Asia Aug. 20 after the US dollar strengthened, a drawdown in US commercial crude inventories proved smaller than analysts had expected Continue Reading
The WTI crude oil benchmark edged upward Wednesday but the Brent marker finished lower. The West Texas Intermediate (WTI) crude oil benchmark edged upward Wednesday but the Brent marker posted Continue Reading
Wood Mackenzie’s Brent oil price forecast would be significantly affected in a second lockdown wave scenario. Wood Mackenzie’s (WoodMac) Brent oil price forecast would be significantly affected in a second Continue Reading
President Trump has directed Secretary of State Mike Pompeo to go to the United Nations on Thursday in the first step toward reimposing all U.N. sanctions against Iran, using a Continue Reading
The oil market is on the path to rebalancing, but with uncertainties about how quickly the world can recover from the COVID-19 pandemic, the Saudi and Russian co-chairs of a Continue Reading
Turkey has discovered energy in the Black Sea, most likely natural gas, two people with direct knowledge of the matter said Wednesday, but gave no indication of the size and Continue Reading
he Petroleum Facilities Guard of Libya’s eastern oil terminals said they will reopen the country’s key oil ports to allow the exports of some barrels from storage, But the restart Continue Reading
EU leaders on Aug. 19 reaffirmed their opposition to Turkey’s “illegal” drilling activities offshore Cyprus and agreed that “all options will be on the table” at the next European Council Continue Reading
Saudi Arabia redoubled its crusade for OPEC+ compliance Aug. 19, laying pressure on the alliance’s quota violators to make up for their excess crude production with deeper cuts in the Continue Reading
