Russia Gives Power Burn a Whole New Meaning
‘Many see the move as a power play to ratchet up political pressure on European supporters of Ukraine’. Russia is giving the term ‘power burn’ a whole new meaning by Continue Reading
Oil rises on prospect of OPEC+ supply cut
Oil rose almost 1% on Monday as potential OPEC+ output cuts and conflict in Libya helped to offset a strong U.S. dollar and a dire outlook for U.S. growth. Saudi Continue Reading
Global Renewable Energy Consumption Is Soaring
Renewable energy consumption is growing at a blistering rate. Despite the largest decline in primary global energy consumption since World War II, global renewable energy consumption grew by 9.7% in Continue Reading
Oil Edges Higher as Supply Concerns Eclipse Fed’s Rate Stance
Oil climbed as traders weighed risks to the supply outlook against pledges from leading central banks to raise interest rates further. West Texas Intermediate rose toward $94 a barrel, reversing Continue Reading
Fake News Or Fundamentals: What’s Driving Oil Prices?
Multiple OPEC+ officials have spoken out about the negative impact of “fake news” on oil markets, suggesting it has driven a disconnect between fundamentals prices. Standard Chartered believes these comments Continue Reading
Tripoli calm, Libya riven after worst fighting in years
Charred cars and buildings pockmarked by bullets scarred Libya’s capital on Sunday, the day after intense fighting killed 32 people yet appeared to leave the Tripoli government more firmly entrenched. Continue Reading
Violent Clashes in Libya Reignite Fears of Civil War
Deadly clashes in Tripoli, Libya, erupted over the weekend between armed groups loyal to rival political leaders. The oil-rich nation has been racked with violence since 2011. Photo: Hazem Ahmed/Reuters Continue Reading
Iran May Drain Offshore Oil Cache If Nuclear Deal Reached
Progress toward an Iranian nuclear deal has thrown the spotlight onto a sizeable cache of crude held by Tehran that could be swiftly dispatched to buyers in the event an Continue Reading
Analysis: U.S. and Iran finesse issue of IAEA’s nuclear probes, for now
The United States and Iran have found a way to address the U.N. nuclear watchdog’s investigations of Tehran’s atomic program that allows both to claim victory for now but delays Continue Reading
Iran Is Ready To Release Millions Of Barrels Of Oil Into The Market
Iran has considerable volumes of oil in floating storage that it could quickly release should a deal with the United States be finalized. In an update earlier this month, OilX Continue Reading