Light Crude Settles Below $40
Oil in New York closed below $40 a barrel for the first time in a month as a selloff in broader markets exacerbated concerns over weakening demand following a sluggish Continue Reading
This Drop In Oil Prices Is Only The Beginning
Okay, I finally get to say it! It has been a big, interesting week for crude oil! After months of essentially range trading, with the main WTI futures contract, CL, Continue Reading
String Of Bearish News Shifts Sentiment In Oil Markets
Oil prices fell below $40 for the first time since June as demand concerns grow and stock markets crash. For Global Energy Alert members there are now two new free Continue Reading
Oil falls 3%, posts weekly drop on demand concerns
Oil prices fell more than 3% on Friday and posted their biggest weekly decline since June as fears of a slow economic recovery from the COVID-19 pandemic compounded worries about Continue Reading
U.S. Cases Rise 0.7%; Europe Hotspots Spike Again: Virus Update
Just weeks after schools began reopening, U.S. colleges are hosting raging clusters of Covid-19 infections, crises that are both medical and political. America’s unemployment rate dropped below 10% in August for the first Continue Reading
Labor Day Weekend Gas Prices Low, Bad Sign for Oil Recovery
U.S. drivers can look forward to cheap gasoline heading into Labor Day Weekend, spelling hard times ahead for an oil industry that’s already been clobbered by the coronavirus. Gasoline prices on Continue Reading
Iran’s enriched uranium stockpile ’10 times limit’
Iran now has more than 10 times the amount of enriched uranium permitted under an international agreement, the UN’s nuclear watchdog says. The International Atomic Energy Agency (IAEA) said Iran’s Continue Reading
ECB Aiding ‘Climate Chaos’ Via Emergency QE, Campaigners Say
The European Central Bank’s emergency stimulus program is endangering the region’s climate-change objectives by “feeding a natural gas frenzy,” according to environmental campaigners. The central bank is buying bonds from fossil-fuel Continue Reading
Big Oil’s Risky Plastic Bet Could Lead To $400 Billion In Stranded Assets
Oil companies are risking some $400 billion in stranded assets with their focus on petrochemicals production growth that relies on strong growth in demand for plastics, Carbon Tracker has said Continue Reading
Iran’s friends should have defied U.S. sanctions during pandemic: President Rouhani
(Reuters) – Iranian President Hassan Rouhani bemoaned Iran’s friends on Saturday for not standing up to the United States and breaking crippling sanctions during the coronavirus pandemic. He also said Continue Reading