Oil pared early losses on Wednesday after China signaled it would take steps to boost a flagging economy, as traders awaited further news about the potential resumption of the Iran Continue Reading
Barclays has slashed its Brent oil price forecast by $8. The bank noted that persistent Russian oil supply and an expected surplus were causes for the change in the forecast. Continue Reading
Uncertainty about the Iran nuclear deal and disappointing Chinese crude demand and refinery throughput are creating headwinds for crude. Chart of the Week Can the German Economy Fall by the Continue Reading
The global energy crisis deepened on Tuesday as a further surge in natural gas prices in Europe and the US threatened to push some of the world’s largest economies into Continue Reading
Microsoft and Amazon say they’re accelerating a transition to a greener future, but critics argue they’re helping prolong the fossil-fuel age. Oil pump jack. Photographer: Ian Tuttle/Bloomberg It’s been a Continue Reading
Five more ships have left Ukrainian ports carrying corn and wheat, three from Chornomorsk and two from Pivdennyi, under a U.N.-brokered grain export deal, Turkey’s defence ministry said on Tuesday. Continue Reading
The $40Bn Iran–Russia deal for joint development of offshore fields in the Middle Eastern country could fall through due to corrosion issues. Iran and Russia face significant challenges in their Continue Reading
Iran has delivered a response to the latest proposal of a nuclear deal being brokered by the European Union. Iranian media notes that there are still three issues that remain Continue Reading
Iraq holds a very conservatively estimated 145 billion barrels of proven crude oil reserves. Hamid Younis, first vice president of the Iraq National Oil Company, said last week that the Continue Reading
Nigerian police said on Tuesday two oil pipelines that feed the Brass export terminal, one of Nigeria’s export streams operated by Italian group Eni (ENI.MI) , were recently blown up Continue Reading
