Oil Prices Could Be Set For Another Sharp Rise
Oil prices have tumbled below the $80 mark for the first time since January. Bearish catalysts have been weighing on oil markets, but bullish news is beginning to trickle in. Continue Reading
Oil Executives: Prices Don’t Reflect Tight Supply
Oil and gas executives polled by the Dallas Fed in a survey released Wednesday fear recession and supply shortages, with optimism waning this quarter despite solid business activity. Oil and Continue Reading
Storm Surge Danger From Hurricanes Is Elevated by Higher Seas
Sea-level rise linked to climate change exacerbates storm surge — like the monster inundation Ian is expected to bring to Florida. Hurricane Ian Could Cost Florida $70 Billion After raking Continue Reading
OPEC+ has begun talks on output cut at Oct. 5 meeting – OPEC source
Leading OPEC+ members have begun discussions about an oil output cut at the group’s next meeting on Oct. 5, three sources told Reuters. One OPEC source told Reuters a cut Continue Reading
Russia seen suggesting OPEC+ cuts oil output by 1 mln bpd – source
Russia is likely to propose that OPEC+ reduces oil output by around 1 million barrels per day at its next meeting in October, a source familiar with the Russian viewpoint Continue Reading
Revealed: Huge gas flaring emissions never reported
Major oil companies are not declaring a significant source of greenhouse gas emissions, a BBC News investigation has revealed. The BBC found millions of tonnes of undeclared emissions from gas Continue Reading
Analysis: Nigeria squanders oil price bonanza as gasoline subsidies soar
Nigeria has failed to capitalize on an oil price boom that has helped cushion other exporters from the impact of inflation, with millions more Nigerians now facing poverty. Data from Continue Reading
The price of rice: a beacon of stability in agricultural markets
In recent years, rice has emerged as an agricultural commodity with a reputation for relatively stable prices, when prices of most other agricultural products have been anything but. The main Continue Reading
Column: Oil and coal sectors think more fossil fuels is the solution. Probably not
If there is one thing the oil and coal industries can agree upon, it’s that the solution to the current global energy crisis is more fossil fuels. This was the Continue Reading
Colder winter forecast in South Korea raises concerns over gas supply for power
KOGAS may have purchased higher spot gas volumes Plans to raise nuclear output, use of LPG over LNG The forecast for a colder-than-usual winter in South Korea is set to Continue Reading