Oil bull run continues as EU agrees to ban most Russian oil
Oil prices extended a bull run on Tuesday after the EU agreed to a partial ban on Russian oil and China decided to lift some coronavirus restrictions amid rising demand Continue Reading
IEA: Current Energy Crisis Is “Much Bigger” Than 1970s Oil Crunch
IEA Chief Birol: The world faces a “much bigger” energy crisis than the one of the 1970s. Back in the 1970s, the crisis was just about oil. Birol: The world, Continue Reading
Rising Energy Prices Could Tip World Into 1980s-Style Recession
Rising energy prices and boxing Russian crude oil out of the global market risks a global recession, Bank of America’s head of global commodities and derivatives research Francisco Blanch warned Continue Reading
EV Sales Will Triple by 2025 and Still Need More Oomph to Reach Net Zero
Electric vehicle sales are poised to more than triple by 2025, and yet governments and manufacturers need to lean even harder into eliminating emissions from road transportation by the middle Continue Reading
Oil’s Displacement as a Road Fuel Is About to Ramp Up, BNEF Says
The displacement of oil as a road fuel will accelerate through 2025 as the uptake of electric vehicles ramps up, according to a new report. Electric passenger car numbers are Continue Reading
OPEC mulls excluding Russia from oil-production deal
Some OPEC members are considering the idea of suspending Russia in an oil production deal as Western sanctions hurt the nation’s ability to produce more, the Wall Street Journal reported Continue Reading
Iran decries ‘unfair’ IAEA report on nuclear activities
Iran accused the International Atomic Energy Agency on Tuesday of publishing an unfair report on its investigation into Tehran’s nuclear activities, possibly setting up a fresh diplomatic clash with the Continue Reading
OPEC Weighs Suspending Russia From Oil-Production Deal
Some OPEC members are exploring the idea of suspending Russia’s participation in an oil-production deal as Western sanctions and a partial European ban begin to undercut Moscow’s ability to pump Continue Reading
What Exempting Russia From OPEC+ Supply Quotas May Mean for Oil
Citi’s Morse: Oil in $70 Range a Fair Value by Year End Exempting Russia from the OPEC+ alliance’s oil-production agreements is being discussed by some members of the Organization of Continue Reading
Rapidly Decaying Supertanker Could Explode at Any Time
‘It could leak, spill, or explode at any time, severely disrupting shipping routes’. A rapidly decaying supertanker in the Red Sea could explode at any time, a joint statement from Continue Reading