Will Oil Prices Head Higher In 2023?
Oil prices have traded below $100 per barrel since the beginning of August. A recession could weigh further on global oil demand, though many analysts are bullish on oil in Continue Reading
Exxon, Shell, Chevron end lawsuits against Nigeria’s state-owned oil company
Four major oil companies have agreed to end U.S. lawsuits that together sought to enforce multi-billion dollar arbitration awards against Nigeria’s state-owned oil company, after reaching new deepwater oil production Continue Reading
Italian group Eni aims invest in Libyan gas output
An entrance of the oil refinery of Eni is seen in Taranto, southern Italy, September 21, 2018. REUTERS/Alessandro Bianchi/File Photo MILAN, Aug 24 (Reuters) – The chief executive of Eni Continue Reading
U.S., Iran Edge Toward Nuclear Deal as Israel Warns It Cedes Too Much to Tehran
While Iran says it isn’t trying to build nuclear weapons, a look at its key facilities suggests it could develop the technology to make them. WSJ breaks down Tehran’s capabilities Continue Reading
Can Booming LNG Exports Rescue Egypt’s Economy?
Egypt is struggling with high inflation and dwindling financial reserves. High natural gas prices and increasing LNG exports could help Cairo fill its coffers again. Egypt needs to improve regional Continue Reading
Baghdad issues new legal threats to block Kurdistan exports
Iraq’s Oil Ministry is threatening to take aggressive international legal action to stop the Kurdistan region from continuing to export crude oil independently of Baghdad. In a letter sent to Continue Reading
Exclusive: Some Chinese financiers cold shoulder Beijing’s property rescue call
Some of China’s state-backed financial institutions are pushing back on Beijing’s calls to support the embattled property sector due to concerns about the impact of such exposure on their balance Continue Reading
Mega-Polluter Australia Is Finally Becoming a Green Superpower
Australia is finally getting serious about emissions and green-energy companies from around the world are seeing an opportunity. Photovoltaic panels at a solar farm on the outskirts of Gunnedah, New Continue Reading
Climbing Natural Gas Prices Could Force U.S. To Slash Exports To Europe
The United States has emerged as a top natural gas supplier to Europe. High domestic prices could force the United States to curb exports. If imports from the United States Continue Reading
Lagging Demand Won’t Keep Gas Prices From Soaring Again
After peaking in early-May at $5.02 per gallon, U.S. national average gas prices have declined for 70 straight days to trade at $3.88 per gallon on Wednesday, marking the second-longest Continue Reading