Oil Posts Fifth Weekly Advance as Global Markets Tighten
Oil rose for the fifth straight week with the global energy crunch set to boost demand for crude as stockpiles decline from the U.S. to China. Futures in New York Continue Reading
Oil Prices Face New Risks After A Remarkable Rally
U.S. West Texas Intermediate crude oil futures are edging lower on Friday, but still holding on to their weekly gains. The price action suggests profit-taking is taking place ahead of Continue Reading
An Unstoppable Natural Gas Rally
1. Oil Supply Disruptions Set To Ease – With September seeing crude supply disruptions across continents, the upcoming months should bring most of that idled capacity back, also boosted by Continue Reading
Coal Prices Surge In The Global Energy Crunch
European coal prices have hit a 13-year high as coal supply to Europe remains constrained and utilities fire up more coal power plants amid surging natural gas prices. The price Continue Reading
Bearish Hedge Fund Manager: ‘Nothing Can Save Oil’
The oil industry is in a terminal decline, hedge fund manager James Jampel told Bloomberg on Friday, noting that this year’s rise in oil stocks has been “the biggest dead-cat Continue Reading
IMF estimates global fossil fuel subsidies at $6 trillion-Georgieva
New IMF research estimates global fossil fuel subsidies at about $6 trillion, with about 70% from “under-charging” for the environmental costs associated with the fuels, International Monetary Fund Managing Director Continue Reading
Lebanon Clashes With Israel Over Gas Exploration
Geopolitics & Conflict Lebanon, in full crisis mode, has rejected Israeli gas exploration in a disputed area in the Levant Basin. Israel has already signed a contract for exploration with Continue Reading
‘Soon’ in Iranian parlance differs from West’s in nuclear talks, Iran’s top diplomat says
Iranian Foreign Minister Hossein Amirabdollahian said on Saturday that when his government says it will return soon to talks on resuming compliance with the 2015 nuclear deal, it means when Continue Reading
Minister: Iran will return to nuclear talks `very soon’
Iran’s new foreign minister said Friday the country will return to nuclear negotiations “very soon,” but accused the Biden administration of sending contradictory messages — saying it wants to rejoin Continue Reading
South Sudan Warns It May Suspend Oil Output as Exports Blocked
South Sudan’s government warned it may suspend oil output if port protests in neighboring Sudan that have blocked shipments of the landlocked nation’s crude continue. Demonstrators have forced a halt Continue Reading