Crude oil prices jumped higher after the Energy Information Administration reported crude oil inventories in the U.S. had shed 7.3 million barrels in the week to February 12. This compared Continue Reading
Oil prices fell on Thursday despite a sharp drop in U.S. crude inventories, as market participants took profits following days of buying spurred by a cold snap in the largest Continue Reading
The worst of the squeeze on natural gas supplies appears to have passed as spot prices in Oklahoma plunged 99% on Thursday, ending a dramatic rally amid the chaos caused Continue Reading
BP and Chevron, this Tuesday, announced plans to invest heavily in geothermal energy through a new innovative start up. The new technology introduced by Canadian startup Eavor, pronounced “ever”, provides Continue Reading
Hydrogen initiatives are accelerating globally, the Hydrogen Council said Feb. 17 in a report co-authored with consultancy McKinsey. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Continue Reading
OPEC’s second-largest producer, Iraq, boosted its crude oil exports by 4.4 percent to 3.44 million barrels per day (bpd) in the first two weeks of February, data compiled by Bloomberg Continue Reading
Given the extreme unlikelihood of the U.S. returning to the currently structured Joint Comprehensive Plan of Action (JCPOA), and Iran’s unwillingness to renegotiate the deal any time soon , the Continue Reading
Iran will “immediately reverse” actions in respect of its nuclear programme when U.S. sanctions are lifted, its foreign minister said on Friday, reiterating Tehran’s position on Washington’s offer to revive Continue Reading
U.S. and Iranian officials could hold nuclear discussions within coming weeks under a plan by the European Union to bring the two sides together for the first time since President Continue Reading
The United States is prepared to talk to Iran about both countries returning to compliance with a 2015 deal that aims to stop Tehran from developing a nuclear weapon, U.S. Continue Reading
