The New Geopolitics of Energy
Two years ago, the CEO of a Middle Eastern oil company stopped in Washington, D.C. on his way home from a visit to Silicon Valley. What he wanted to discuss Continue Reading
Traders Charter Supertankers Amid Signs Of New Oil Glut
The world’s top oil traders have been chartering dozens of supertankers for potentially storing oil at sea amid signs that demand recovery has stalled. Trafigura has chartered 12 very large Continue Reading
Global Economic Recovery Shows Signs of Slowing
LONDON—The global economy is bouncing back strongly from the collapse it suffered in the spring, but fresh data suggest the early gains from the lifting of coronavirus lockdowns are already Continue Reading
Climate Change and Food Businesses Are Driving Environmental Failure Globally
The world is losing its mammals, birds, amphibians, reptiles and fish, and with them, the security of ecosystems that have supported humanity since it first emerged. That’s the conclusion of the Living Continue Reading
Iraq Could Seek An Exemption From OPEC+ Output Cuts
Iraq is debating whether to ask to be exempted from the oil production cuts OPEC+ agreed on this April. Initially set at 9.7 million bpd, the cuts have now been Continue Reading
OPEC’s Third-Largest Producer Fails To Comply With Output Cuts
The United Arab Emirates (UAE), currently OPEC’s third-largest producer, is estimated to have exported a lot more crude oil in August as it produced more than its quota under the Continue Reading
OPEC at 60 — an oil cartel on life support
OPEC headquarters In 1973, a handful of oil-rich countries, led by Saudi Arabia, Iran and Iraq, brought the mighty US economy to its knees by slapping an oil embargo on Continue Reading
India reports record daily jump in COVID cases for second straight day
India reported a record daily jump in coronavirus cases for a second consecutive day, logging 97,570 new infections on Saturday, data from the federal health ministry showed. With total cases Continue Reading
Venezuela’s Fuel Shortage Upends Longtime Colombian Border Gas Smuggling Trade
Contraband fuel sits on the side of a road in Puerto Santander, Colombia, on May 31, 2019. The Venezuelan government’s lack of cash to import gasoline combined with U.S. sanctions Continue Reading
Venezuela Is Tearing Apart Oil Pipelines to Sell as Scrap Metal
Venezuela’s capacity to produce some much-needed gasoline and diesel of its own hinges on a single oil play. To tap it, the Nicolas Maduro regime is willing to cannibalize the Continue Reading