Why Bank Of America Thinks Oil Prices Are Heading To $100
Oil prices could hit $100 per barrel over the next six months if we have a colder-than-usual winter, which could be the most important driver of global energy markets in Continue Reading
World Faces Growing Risk of Food Shortages Due to Climate Change
Technology to Feed the World Food supplies will struggle to keep pace with the world’s growing population as climate change sends temperatures soaring and droughts intensify, according to a report Continue Reading
Climate change: World now sees twice as many days over 50C
The number of extremely hot days every year when the temperature reaches 50C has doubled since the 1980s, a global BBC analysis has found. They also now happen in more Continue Reading
Saudi Arabia On Edge As The U.S. Withdraws From The Middle East
The strategic relationship between the House of Saud and the US Administration is worsening by the day, as shown by repeated unexpected changes in president Biden’s approach to the Kingdom Continue Reading
Nigeria Faces One of Its Worst Cholera Outbreaks in Years
Nigeria is seeing one of its worst cholera outbreaks in years, with more than 2,300 people dying from suspected cases as Africa’s most populous country struggles to deal with multiple Continue Reading
OPEC+ Raises Oil Production But Remains Compliant
OPEC saw its crude oil production rise by 150,000 barrels per day (bpd) in August, data from secondary sources in the cartel’s monthly report showed, but even at higher quotas, Continue Reading
Venezuela Heavy Oil Project Reserves Will be Left Stranded
Venezuela’s heavy oil project reserves will be left stranded as international players divest their interest, according to GlobalData. Venezuela’s heavy oil project reserves will be left stranded as international players Continue Reading
Gas capture program bolsters Tawke oil production
Over the past few years, Norway’s DNO has faced uncertainty around when it would be able to drill more wells to offset the natural decline of existing production at Tawke, Continue Reading
China’s Futile Attempt To Send Oil Prices Lower
Oil prices were choppy last week, but as of this writing, have so far failed to break out of last week’s trading range. Further to that end, the oil market Continue Reading
China’s Heavy-Handed Solution To The Semiconductor Shortage
China is taking a page out of the Keynesian central banking playbook on how to micromanage an entire economy and is now reportedly fining auto chip sales companies for driving Continue Reading