Oil Prices Decline for Third Trading Day
Oil fell for a third straight session as the dollar rose and investors awaited further signals from the OPEC+ alliance on its production policy after a dispute upended talks. Futures Continue Reading
Oil Prices Still Have Room To Run
At mid-year 2021 we find that we are in an unsettled state with respect to crude supplies. Of the three largest contributors to global supply, the U.S.A., Russia, and OPEC+ Continue Reading
The world is worried about the Delta virus variant. Studies show vaccines are effective against it.
As the Delta variant sweeps the world, researchers are tracking how well vaccines protect against it — and getting different answers. In Britain, researchers reported in May that two doses Continue Reading
The Plastics Sector Is Suffering As Oil Prices Rise
Four years ago, the UN declared plastic pollution a global crisis , decades after the discovery of the Great Pacific Garbage Patch –a collection of marine debris 2x the size Continue Reading
Climate Change Linked to 5 Million Deaths a Year, New Study Shows
The extraordinarily hot and cold temperatures that are becoming more common as climate change accelerates are responsible for 5 million deaths globally every year. Extreme weather accounted for 9.4% of Continue Reading
Opec ‘gets a pass to lift oil prices’ as hedging losses hobble US shale
Some of America’s biggest oil groups are racking up tens of billions of dollars in hedging losses despite soaring crude prices, as contracts signed during last year’s crash left them Continue Reading
The Real Reason OPEC Talks Broke Down
Major cracks appear to be forming in the OPEC+ alliance. After several years of unprecedented cooperation between OPEC members and non-OPEC producers, the growing regional economic and power conflict between Continue Reading
Rockets hit Iraqi base housing U.S. forces, wounding two Americans- officials
At least 14 rockets hit an Iraqi airbase hosting the U.S. and other international forces on Wednesday, wounding two American service members, U.S. officials said, while Kurdish-led forces in Syria Continue Reading
Saudi-UAE still at impasse as Russia steps in to rescue OPEC+ deal
Russia is leading efforts to close divisions between Saudi Arabia and the United Arab Emirates to help strike a deal to raise oil output in coming months, three OPEC+ sources Continue Reading
U.A.E. Pushes to Produce More Crude, Creating OPEC Deadlock
The pandemic stalled factories and shut down businesses around the world, causing a historic drop in oil demand just as production was reaching new highs. (Originally published April 16, 2020) Continue Reading