Crude Oil Tops $66 as China’s Recovery Aids Outlook for Bulls
Oil opened the week in robust form after a raft of economic data from China added to signs of recovery from the coronavirus pandemic just as the OPEC+ alliance presses Continue Reading
Oil Bulls Beware: This Optimism Is Unjustified
Optimism seems to be ruling global oil markets at the moment. Even the recent OPEC report, in which the global oil group cut its demand predictions for Q2 2021 by Continue Reading
Cooking Oil Could Fuel Your Next Flight
The idea of flying on a plane fueled by cooking oil waste would have been ridiculous a decade ago. Now, this is reality. Sustainable aviation fuels, according to some, are Continue Reading
A New Way To Invest In The $11 Trillion Hydrogen Boom
After decades of stagnation and multiple false dawns, the hydrogen economy is now ready for prime time. Investments in hydrogen technologies have skyrocketed over the past two years, with hydrogen Continue Reading
Poor earnings prompt VLCCs to cut costs by idling, slow steaming
Weak or negative returns for VLCCs hauling crude from the Persian Gulf to North Asia are prompting shipowners to adopt cost-cutting measures like curtailing sailing speed and idling their ships Continue Reading
The United States and Iran warily circle each other over reactivating nuclear deal
The United States is willing to sit down with Iran “tomorrow” and jointly agree to full compliance with the nuclear accord they and five other world powers signed in 2015, Continue Reading
Iran says U.S. should lift sanctions, guarantee Trump’s mistakes will not be repeated
Iran’s foreign ministry spokesman said on Monday that the United States should lift sanctions and give guarantees that mistakes made by the administration of former U.S. President Donald Trump will Continue Reading
Houthis says Blinken statement
U.S Secretary of State Antony Blinken’s comments about supporting a Yemen free from foreign influence are “positive”, Houthi official Mohammed Ali al-Houthi said on Twitter on Monday. He said the United Continue Reading
Iraq says KRG yet to hand over crude as budget stalemate continues
Highlights Draft budget states KRG must hand over 250,000 b/d Parliamentary vote on budget scheduled for March 15 Baghdad has blamed KRG for OPEC quota violations Dubai — Iraq has Continue Reading
Is A Renewable Energy Boom Coming To The Middle East?
The coronavirus pandemic has raised awareness among GCC countries of the importance of environmental, social and corporate governance (ESG) standards. If current trends continue, then ESG could become a valuable Continue Reading