Oil Prices Edge Upward As Greenback Weakens
Oil edged higher with help from a weakening dollar while a worsening demand picture in parts of the world continued to hold back prices from another breakout. Futures in New Continue Reading
Is This The End Of The Covid Oil Glut?
Recovering economies and increased fuel demand have helped the enormous oil glut from this time last year to shrink to levels that could be further reduced with global oil demand Continue Reading
IEA issues ‘dire warning’ on CO2 emissions as it predicts 5% rise
Global CO2 emissions from energy are seen rising nearly 5% this year, suggesting the economic rebound from COVID-19 could be “anything but sustainable” for the climate, the International Energy Agency Continue Reading
Blinken Says U.S. Falling Behind China in Shaping Climate Future
Secretary of State Antony Blinken says the U.S. is falling behind China in the race to seize opportunities created by climate change. Secretary of State Antony Blinken said the U.S. Continue Reading
The Pandemic Worsened Climate Misery for Millions Last Year
The Covid-19 pandemic did little to slow the rise of greenhouse-gas pollution in 2020—and much to complicate responses to humanitarian disasters, according to the World Meteorological Organization’s State of the Global Continue Reading
Progress in Iran nuclear talks but resolution still far away
High-level talks in Vienna aimed at bringing the United States back into the 2015 nuclear deal with Iran are moving ahead with experts working on drafting proposals this week, but Continue Reading
Iran Says It Welcomes Talks With Saudi Arabia
Iran welcomed on Monday the idea of talks with its regional rival Saudi Arabia, amid reports that the two Gulf powers were directly talking about bilateral relations and hopes that Continue Reading
Libya’s Agoco halts crude production in budget standoff with government
Production in several of Libya’s major eastern oil fields has been shut down, heightening the central government’s budget crisis. Receive daily email alerts, subscriber notes & personalize your experience. Register Continue Reading
Saudi crude stock draws continue, exports fall due to production cut
Saudi Arabia drew again on its crude stockpiles in February, while exports fell, reflecting the impact of its voluntary 1 million b/d production cut in addition to its OPEC+ production Continue Reading
Deeply Discounted Crude Becomes Headache For OPEC
If you ask an oil major what the last five years have been like, they would probably have something to say about price crashes and demand destruction. If you ask Continue Reading