Is the world heading towards Peak Oil?
Let’s park up all the environmental downsides of oil usage for the moment. Because despite all of oil’s sins, most of humanity depends on it for everything from the clothes Continue Reading
Iran Might Get US OK To Flow More Oil Even Without Nuclear Deal
The US may allow more sanctioned Iranian oil onto global markets even without a revival of the 2015 nuclear accord, according to Vitol. The US may allow more sanctioned Iranian Continue Reading
Saudi Arabia hikes July crude prices surprisingly high for Asia buyers
Saudi Arabia, the world’s top oil exporter, raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer. Continue Reading
Nigeria Disturbed By Acute Fuel Shortfalls
Motorists wait for hours in Abuja, Nigeria to fill their cars with petrol, due to the ongoing fuel shortage. Motorists queuing for several hours at petrol pumps in the Nigerian Continue Reading
CHINA DATA: Independent refineries’ feedstock imports tumble to 34-month low in May
China’s independent refining sector’s feedstock imports in May tumbled to a 34-month low as the prolonged lockdown in major cities capped crude buying. Inflows could improve in June as COVID-19 Continue Reading
Exclusive: Biden to waive tariffs for 24 months on solar panels hit by probe
President Joe Biden will declare a 24-month tariff exemption on Monday for solar panels from four Southeast Asian nations after an investigation froze imports and stalled projects in the United Continue Reading
Texas power use to hit record high on economic growth, hot weather
Power demand in Texas is set to break the all-time record this week, far ahead of the hottest days of summer, testing of the resilience of the state’s power grid Continue Reading
Biden Plans Solar Manufacturing Push to End Project Slowdown
A solar farm under construction in Portage, Pennsylvania. Photographer: Justin Merriman/Bloomberg President Joe Biden will take executive action to boost the US solar sector, seeking to revive clean energy projects Continue Reading
Biden Has ‘Only Bad Options’ for Bringing Down Oil Prices
When President Biden meets Crown Prince Mohammed bin Salman in Saudi Arabia, he will be following in the footsteps of presidents like Jimmy Carter, who flew to Tehran in 1977 Continue Reading
High California Gas Prices Rattle Democrats Ahead of Midterms
Orange County, Calif., symbolized Republican struggles in America’s diverse and highly educated suburbs during Donald J. Trump’s presidency, as a backlash to Mr. Trump transformed center-right strongholds into increasingly Democratic territory. But at a Continue Reading