With agricultural prices soaring, metal prices hitting the highest in years and oil well above $50 a barrel, JPMorgan Chase & Co. is calling it: Commodities appear to have begun Continue Reading
WTI Crude spot prices are expected to average $50.21 per barrel this year and $51.56 next year, the Energy Information Administration (EIA) said in its monthly Short-Term Energy Outlook (STEO) Continue Reading
OPEC+ will meet again on March 4, but the group will likely agree to keep the same level of oil production through April 2021, Iraqi Oil Minister Ihsan Abdul-Jabbar said Continue Reading
Highlights IEA sees US, Canada posting oil supply gains in 2021 IEA predicts oil demand to grow 5.4 mil b/d this year IEA sees ‘rapid stock draw’ in H2 London Continue Reading
Iran has carried out its plan to produce uranium metal, the U.N. atomic watchdog confirmed on Wednesday, despite Western powers having warned Iran that would breach their 2015 nuclear deal Continue Reading
It was no coincidence that just over a month after staunch U.S. ally-Israel and the United Arab Emirates declared that they would normalise relations and Israel and Bahrain did the Continue Reading
With huge national fanfare, Iran rolled out its Covid-19 vaccine campaign with a television broadcast of the health minister’s son receiving Russia’s Sputnik V jab. “My father would not have let Continue Reading
President Biden plans to nominate David Turk, a former Obama administration official, as his deputy energy secretary. If confirmed by the Senate, Turk will bring years of experience working on Continue Reading
General Motors Co on Wednesday said the global semiconductor chip shortage could shave up to $2 billion from 2021 profit, but the U.S. automaker’s highly profitable big pickups and SUVs Continue Reading
The biggest provider of oil and gas rigs to the U.S. shale patch is pushing a new pricing model as speedier drilling cuts into contractors’ revenue. Rigs are typically rented out Continue Reading
