Oil rose for a fourth straight week, buoyed by optimism over Covid-19 vaccine progress ahead of an OPEC+ ministerial gathering next week. Futures in New York advanced 8% this week, despite Continue Reading
The relationship between Baghdad and Erbil has been strained ever since Iraq managed to eliminate the threat of the Islamic State. Both sides perceive the other’s endeavors with anxiety but Continue Reading
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing. (Originally published July 21, 2020) Oil prices are expected Continue Reading
OPEC+’s meeting that was put on the books at the last minute for Saturday is now being delayed to Sunday, according to anonymous Reuters sourc es. No reason for the Continue Reading
Oil prices are set for a fourth consecutive weekly gain as positive vaccine news and hopes of an OPEC+ production cut extension boosts bullish sentiment. For Global Energy Alert members Continue Reading
Prominent Iranian military scientist Mohsen Fakhrizadeh, killed in an attack outside Tehran on Friday, was widely seen by Western intelligence as the mastermind of clandestine Iranian efforts to develop nuclear Continue Reading
A top Iranian nuclear scientist, widely viewed as the father of the country’s nuclear program, was shot and killed on Friday, dealing a blow to Tehran’s atomic ambitions and threatening Continue Reading
A brazen killing took place in an ambush. Iran’s top nuclear scientist, who American and Israeli intelligence have long charged was behind secret programs to design an atomic warhead, was Continue Reading
DUBAI (Reuters) – Iran’s supreme leader promised on Saturday to retaliate for the assassination of the Islamic Republic’s top nuclear scientist, who the West and Israel believed was the architect Continue Reading
The Iraqi government is on edge as the Trump presidency enters its final weeks, fearing that a last-minute confrontation between the United States and Iran could erupt on Iraqi soil. Continue Reading
The United Kingdom has had troops deployed in Saudi Arabia to protect its oilfields from attacks since February this year, The News reported this week, a local newspaper in Portsmouth Continue Reading
A historic meeting between Israel’s prime minister and Saudi Arabia’s crown prince has sent a strong signal to allies and enemies alike that the two countries remain deeply committed to Continue Reading
U.S. aircraft carrier USS Nimitz was deployed to the Gulf this week, days before the killing of Iran’s top nuclear scientist, although the U.S. Navy said on Saturday the deployment Continue Reading
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened Continue Reading
Nigeria is the latest OPEC member to urge the producer group to consider the economic implications of steep production cuts on its members ahead of the OPEC+ formal meeting next Continue Reading
IThe coronavirus pandemic has strangled one of the most powerful engines of economic growth in the world: spending by India’s 1.3 billion consumers. The country’s gross domestic product shrank 7.5% Continue Reading
FILE PHOTO: U.S. Secretary of State Mike Pompeo speaks to the media prior to meeting with Kuwait’s Foreign Minister in Washington, D.C., U.S., November 24, 2020. Saul Loeb/Pool via REUTERS Continue Reading
Venezuela has restarted direct shipments of crude oil to China despite U.S. sanctions, Reuters has reported , citing shipping data and documents from PDVSA. Until now, Venezuela’s oil company sold Continue Reading
U.S. health authorities will hold an emergency meeting next week to recommend that a coronavirus vaccine awaiting approval be given first to healthcare professionals and people in long-term care facilities. Continue Reading
Oil stockpiles at America’s largest storage hub are set to unwind with the market showing real signs of strength for the first time since the pandemic crushed global demand. (Bloomberg) Continue Reading
Tesla Inc Chief Executive Officer Elon Musk said on Friday there will probably be a wider roll out of a new “Full Self Driving” software update in two weeks. In Continue Reading
The initiative lost momentum in recent months, some of these people said, amid fears of an uphill fight in federal court and because state leaders wanted to await results of Continue Reading
The flights are one link in a vast global supply chain being assembled to tackle… United Airlines Holdings Inc. on Friday began operating charter flights to position doses of Pfizer Continue Reading
A scarcity of warehouse space because of Christmas demand and the pandemic is putting the U.K. at risk of shortages of some food products as it prepares to leave the Continue Reading
The European Union and Britain said on Friday there were still substantial differences over a Brexit trade deal as the EU chief negotiator prepared to travel to London in a Continue Reading
So many new doctors left Poland for better-paying jobs in Europe’s west that when Łukasz Rotnicki decided to stay behind he often found himself working 36-hour shifts, sleeping on the Continue Reading
DNV GL, a Norwegian risk management and quality assurance firm, told Reuters on Thursday it had suspended work on the gas pipeline Nord Stream 2 to avoid sanctions under the Continue Reading
Japan, South Korea and a fleet of international shipping groups have warned the European Union against its plan to add greenhouse gas emissions from the maritime sector to Europe’s carbon Continue Reading
European front-month power prices climbed in the week to Nov. 27 on a colder, calmer weather outlook, erasing losses sustained through November as mild and at times windy weather saw Continue Reading
Germany’s partial lockdown measures could be extended until early Spring if infections are not brought under control, Economy Minister Peter Altmaier said in a newspaper interview published on Saturday. Altmaier Continue Reading
The world’s economic recovery is wildly uneven — and that again was on display this week. U.S. data on the eve of the Thanksgiving holiday offered signs of both strain and strength, while Continue Reading
Russia can probably get around the latest U.S. sanctions against Nord Stream 2 and complete the pipeline, industry executives and analysts of the controversial project say. Gazprom PJSC, which owns the Continue Reading
Europe’s former chief drugs regulator has called for calm in the growing controversy over claims made by AstraZeneca and Oxford University for their Covid-19 vaccine in late-stage trials. The Anglo-Swedish drugs Continue Reading
The trajectories of the ICE Brent futures and NYMEX crude futures were in opposite directions during the mid-morning trade in Asia Nov. 27, as the latter underwent a price correction, Continue Reading
Brent oil edged lower — but was on track for a fourth weekly gain — amid signs of division among OPEC+ members just days before a key policy meeting on Continue Reading
Oil prices dipped on Thanksgiving Thursday, slipping from seven-month highs as Baker Hughes reported another increase in the number of available rigs The price rally of the last few days Continue Reading
OPEC+, a group of leading oil-producing countries, will hold informal online talks on Saturday prior to meetings scheduled for next week, a source with the knowledge of the matter said. Continue Reading
President Trump and Secretary of State Mike Pompeo at the White House on March 20. As the sun sets on Donald Trump’s presidency, one piece of potentially dangerous unfinished business Continue Reading
Saudi Arabia has used its year in the G20 presidency to promote its circular carbon economy scheme, which it says will lower carbon emissions if adopted worldwide, while maintaining abundant Continue Reading
The Saudi-led coalition fighting Houthi forces in Yemen carried out a series of air raids on barracks used by the Iran-aligned group in and around the Yemeni capital Sanaa on Continue Reading
Supermajors ExxonMobil and Total are renegotiating a natural gas resource sharing deal for their respective liquefied natural gas (LNG) projects offshore Mozambique, Reuters reports , citing sources with knowledge of Continue Reading
Almost 300,000 farmers from various states are on their way to India’s capital to protest against new agricultural laws they say will severely hurt their incomes, according to two farm Continue Reading
Thousands of angry Indian farmers faced tear gas and baton charges from police on Friday as they resumed their march to the capital to protest new laws they fear will Continue Reading
Jorge Arreaza/Venezuela Foreign Minister, via Associated Press CARACAS, Venezuela — A Venezuelan judge on Thursday found six American oil executives guilty of a wide-ranging corruption scheme and immediately sentenced them Continue Reading
A combination of sharply weaker oil prices, inconsistent regulation, the COVID-19 pandemic, and constant conflict in the Amazon where most of Peru’s onshore oil industry is located has triggered a Continue Reading
When Zhang Yiqiu found herself pregnant with her third child two years ago, the Beijing businesswoman expected to face a fine or bureaucratic hurdles. To her surprise, local officials praised Continue Reading
Sony has warned the Japanese government it may have to shift manufacturing out of the country unless rules on renewable energy are relaxed, as it tries to meet the green Continue Reading
Crude throughput at China’s refineries is slightly higher in November, with state-owned oil companies lifting their average run rates by one percentage point month on month to 79.8% of capacity, Continue Reading
Sitting in the shadow of the brutalist health department building in Washington, with only a leather jacket for protection against an autumnal breeze, Moncef Slaoui cuts a defiant figure. Six months Continue Reading
Piracy is an age-old problem in the energy industry, often seen in West Africa and other regions of the world. However, following the rise of the phenomenon during the 2020 Continue Reading
