U.S. Waives Nord Stream 2 Sanctions
In a somewhat surprising turn of events, Washington said it would waive sanctions about to be imposed on Germany-registered Nord Stream 2 AG, the operator of the Nord Stream-2 pipeline Continue Reading
BP Starts Offshore Wind Recruitment Push
BP Plc has started a recruitment campaign for the people who will drive its expanding clean energy ambitions. The London-based oil and gas company is looking to fill 100 offshore-wind Continue Reading
Crude oil futures rangebound after overnight slide on US-Iran talks, EIA data, strong dollar
Crude oil futures were rangebound during mid-morning Asian trade May 20, following an overnight slide, on increasing prospects of the restoration of the Joint Comprehensive Plan of Action, the strengthening Continue Reading
Oil Under Pressure Despite Positive Demand Outlook
Brent crude briefly hit $70 per barrel and West Texas Intermediate rose above $66 this week as improving economic outlooks for some of the world’s biggest economies boosted optimism. Although Continue Reading
Brent Oil Edges Higher From 3-Week Low With Iran Flows in Focus
Brent oil edged higher from the lowest settlement in three weeks as investors assessed the prospect of a boost in Iranian supply just as OPEC+ returns more barrels to the Continue Reading
Oil Prices Plunge As Inflation Fears Mount
Oil plunged to the lowest in three weeks alongside a broader market decline. (Bloomberg) — Oil plunged to the lowest in three weeks alongside a broader market decline with traders Continue Reading
Crude extends losses as US crude build underscores supply risks
Crude futures finished a second straight session sharply lower May 19 as fundamental outlooks weakened amid reports of progress on US-Iran nuclear talks, rising US inventories, and concerns regarding Asia Continue Reading
Oil Sinks to Lowest Three Weeks Amid Broader Market Meltdown
Oil plunged to the lowest in three weeks alongside a broader market decline with traders also concerned about growing supply from the U.S. and Iran. Futures in New York tumbled 3.3% Continue Reading
Why the IEA is ‘calling time’ on the fossil fuel industry
Earlier this year a full-page colour ad appeared in the press: “Who is Fatih Birol playing for?” it asked, picturing the head of the International Energy Agency dressed in football Continue Reading
The IEA May Have Given OPEC A Huge Gift
An immediate halt to oil exploration is one of the steps that need to be taken in order for the world to reach Paris Agreement climate change commitments. That’s what Continue Reading