Oil Caps Worst Week in 10 Months
Oil fell, capping the biggest weekly loss since October, as the spread of the delta coronavirus variant in China and elsewhere in the world is casting doubts on-demand growth. West Continue Reading
Oil Rally Checked by Delta
Oil headed for the biggest weekly loss since March as the spread of the delta coronavirus variant cast doubt on the continued recovery in demand, particularly in the world’s biggest Continue Reading
Analysis: Winter is coming: temperature extremes fuel global gas rally
Global gas prices are expected to break records this winter as a hot northern hemisphere summer leaves inventories low in key markets, just as green energy drives ramp up in Continue Reading
IHS Markit: Natural Gas Is Crucial In Energy Transition
Natural gas could become a pillar of emissions reduction both in the near and long term, IHS Markit said in a new study this week. While many analysts and net-zero Continue Reading
Resolution to Article 6 of Paris accord high on market’s list before COP26
Highlights Faster resolution to Article 6 seen crucial for climate change Reaching existing targets should be prioritized: experts Developing nations seek clarity on funding Experts are seeking a resolution to Continue Reading
BofA: Saudi Aramco’s $75B Dividend Isn’t Enough
Saudi Aramco will have to raise its already massive annual dividend of $75 billion if it wants to remain competitive with other oil giants and raise its dividend yield to Continue Reading
Israel Says It’s Prepared To Attack Iran After Oil Tanker Drone Strike
Israel is prepared to attack Iran, Israeli Defense Minister Benny Gantz was quoted as saying on Thursday, a week after an Israeli-linked oil tanker was attacked in the Gulf of Oman by Continue Reading
Iran denies role in tanker attack, says seeks Gulf security
Iran on Saturday rejected as psychological warfare accusations that it was behind a deadly attack on a tanker off Oman’s coast, and said Tehran sought to enhance the security of Continue Reading
African Oil Producers Struggle To Raise Oil Production As Investment Lags
Sub-Saharan Africa, especially its largest oil producers Nigeria and Angola, will struggle to raise oil output through the middle of this decade, as international majors are shifting their investment priorities, Continue Reading
China Doubles Down On Renewables Expansion
China is requiring its top power companies and local authorities to update the government monthly on the progress they are making with building and installing renewable energy capacity as Beijing Continue Reading