Oil slips but set to end week steady on tight supply
Oil fell further below $74 a barrel on Friday but was on track to end the week largely unchanged after rebounding from a sharp drop on Monday, underpinned by expectations Continue Reading
Oil Gains With Robust Global Demand Tightening Crude Market
Oil rose to the highest in a week amid expectations that recovering demand from the U.S. to India and Europe will further tighten global crude markets. Futures in New York Continue Reading
Oil prices rise on signs of tightening supplies
Oil prices rose on Thursday, extending strong gains made in previous sessions on expectations of tighter supplies until the end of the year as economies recover from the coronavirus crisis. Continue Reading
Net-Zero 2050 May Need Up To $173 Trillion Investments
The world will need to invest up to $173 trillion in greener energy infrastructure and supply over the next 30 years if it wants to achieve net-zero carbon emissions by Continue Reading
The World Will Run Out Of EV Batteries By 2025
In many ways, the world is not ready for the EV revolution. While electric vehicles are an absolutely invaluable and essential component of the clean energy revolution and combating climate Continue Reading
Heat, Floods, Fires: Jet Stream Is Key Link in Climate Disasters
Water and mud landslides overran houses and roads in Germany this month, killing more than 160 people and leaving hundreds missing. Deadly weather as far apart as China, Germany and Continue Reading
The Saudi Prince of Oil Prices Vows to Drill ‘Every Last Molecule’
Prince Abdulaziz bin Salman Abdulaziz bin Salman, the most powerful man in petroleum, navigates unruly OPEC+ nations, huge swings in price and production—and the end of fossil fuels. The Boeing Continue Reading
PDVSA Snubs Crude Sanctions With Condensate Imports
PDVSA is offloading more than a half a million barrels per day of condensate that it has imported in order to blend with its extra heavy crude oil, according to Continue Reading
Venezuela Snubs U.S. Sanctions With First Oil Import This Year
Venezuela’s state-owned oil company imported a key component needed to achieve its goal of almost tripling crude production, defying U.S. efforts to isolate the Maduro regime’s grip on power. The Continue Reading
Biden’s China Policy Borrows From Trump and Adds Allies to Raise Pressure
The Biden administration is raising the pressure on China, confronting it on cyberattacks and human rights and making tentative progress rallying allies to its side, while so far avoiding deep Continue Reading