Oil Gains With Equities Rebounding, Ida-Hit Output Still Shut
Oil rose after a two-day decline with a selloff in global equities easing and some crude output still shut three weeks after Hurricane Ida hit the U.S. Futures in London Continue Reading
Oil rises 1% as U.S. storm aftermath tightens supply
Oil prices rose on Tuesday as analysts pointed to signs of U.S. supply tightness, ending days of losses as global markets remain haunted by the potential impact on China’s economy Continue Reading
Another headwind?: global gas price spike worries energy execs
Energy executives gathered in Dubai on Tuesday for the first time since the COVID-19 pandemic started, but despite being upbeat on economic recovery, they were concerned about another headwind: a Continue Reading
Solar industry demand raises temperature in silicon market
An unexpected surge in demand for silicon, mainly from the solar energy industries in China, Europe, and the United States, has lead to large deficits and fuelled a price rally Continue Reading
The world is turning its back on coal.
It’s Tuesday, September 21, and the world is turning its back on coal. More than three-quarters of the world’s proposed coal power projects have been canceled since the Paris Agreement Continue Reading
Future of nuclear talks with Iran remains uncertain as Tehran expands enrichment activities
Three months after the last meeting to negotiate a revival of the nuclear agreement between Iran and world powers, it remains unclear if and when the talks in Vienna will Continue Reading
Key Members Say OPEC+ Can Keep Reviving Supply
OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike. (Bloomberg) — OPEC and Continue Reading
The Oil Hub That Could Counter Iran’s Strait Of Hormuz Strategy
In line with the UAE’s role as a principal member of the U.S.’s new Middle East strategy to counter China’s increasing influence in the region, Brooge Petroleum and Gas Investment Continue Reading
OPEC+ Struggles To Lift Production As Oil Market Tightens Further
The OPEC+ group lifted its production in August, but underinvestment and maintenance work has hampered the group’s ability to raise production—and supply could be insufficient to meet the world’s growing Continue Reading
Shell to invest $565 million in renewable energy in Brazil through 2025
The Brazilian subsidiary of Royal Dutch Shell (RDSa.L) will invest 3 billion reais ($565 million) in renewable energy in the country through 2025, executives said on Tuesday. Most of the Continue Reading