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Iraq Hopes to Expand Economic Relationship With the U.S.

Iraq Hopes to Expand Economic Relationship With the U.S.

Sudani wants to strengthen Baghdad’s…

News

German Advisors Rule Out Extending Nuclear Plant Lifespan To Combat Energy Fears

German Advisors Rule Out Extending Nuclear Plant Lifespan To Combat Energy Fears

Mar 09, 2022 at 13:18 | ZeroHedge

The flip flopping in Germany over nuclear power continues, with Germany’s economy and environment ministries now reverting back to their old tune of advising against extending the life…

California County Rejects Exxon’s Plan To Restart Oil Wells

California County Rejects Exxon’s Plan To Restart Oil Wells

Mar 09, 2022 at 12:28 | Tsvetana Paraskova

The Santa Barbara County in California rejected this week a proposal from ExxonMobil to transport oil via tanker trucks that would have been a step toward restarting three oil…

Japan Considers Its Options After U.S. Ban On Russian Oil

Japan Considers Its Options After U.S. Ban On Russian Oil

Mar 09, 2022 at 10:29 | Charles Kennedy

Japan is considering its options about Russian oil after the United States banned on Tuesday U.S. imports of energy from Russia, including oil, coal, and LNG. Japan has been in…

U.S. Oil Import Ban To Leave More Russian Crude Unsold

U.S. Oil Import Ban To Leave More Russian Crude Unsold

Mar 09, 2022 at 09:26 | Tsvetana Paraskova

The U.S. decision to ban imports of Russian oil is likely to worsen Russia’s struggles to sell its cargoes as buyers will avoid Russian crude even more than they have…

Shale CEOs Meet With U.S. Officials Amid Surging Oil Prices

Shale CEOs Meet With U.S. Officials Amid Surging Oil Prices

Mar 09, 2022 at 08:53 | Tsvetana Paraskova

After more than a year of little to no dialogue with the U.S. oil industry, officials from the Biden Administration are set to meet with shale executives this week to…

EIA Hikes Oil Price Forecast To $105 This Year

EIA Hikes Oil Price Forecast To $105 This Year

Mar 09, 2022 at 08:29 | Tsvetana Paraskova

Brent Crude prices are expected to average $105.22 per barrel this year, the Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook (STEO), significantly raising its February forecast…

Kazakhstan Braces For Economic Fallout From War In Ukraine

Kazakhstan Braces For Economic Fallout From War In Ukraine

Mar 08, 2022 at 17:35 | Eurasianet

Kazakhstan is facing economic crisis as the war in Ukraine threatens crude oil exports, which alone account for around 14 percent of GDP and 57…

EU Plans A “Potentially Massive” Bond Sale To Finance Energy And Defense

EU Plans A “Potentially Massive” Bond Sale To Finance Energy And Defense

Mar 08, 2022 at 17:24 | ZeroHedge

In an arrangement similar to the bloc's $2 trillion COVID rescue fund, the European Union has decided to jointly issue what Bloomberg dubbed "potentially massive" bond…

Large Draw In Distillate Inventories Lifts Oil Prices

Large Draw In Distillate Inventories Lifts Oil Prices

Mar 08, 2022 at 15:53 | Julianne Geiger

The American Petroleum Institute (API) estimated that there was a build this week for crude oil of 2.811 million barrels, largely in line with analyst predictions of a 2.796…

Putin Signs Decree To Ban Exports Of Raw Materials, Commodities

Putin Signs Decree To Ban Exports Of Raw Materials, Commodities

Mar 08, 2022 at 15:42 | Julianne Geiger

Russian President Vladimir Putin has signed a decree that institutes special economic measures that will be in effect until the end of this year. Part of those special economic…

Kazakhstan Is Exploring Export Routes To Circumvent Russia

Kazakhstan Is Exploring Export Routes To Circumvent Russia

Mar 08, 2022 at 14:26 | Eurasianet

Kazakhstan plans to increase the trafficking of cargo via the Caspian Sea as traders run into growing problems getting their goods through sanctions-battered Russia.    The government’s…

Goldman Sachs: Oil Prices To Average $135 Per Barrel This Year

Goldman Sachs: Oil Prices To Average $135 Per Barrel This Year

Mar 08, 2022 at 13:49 | Tsvetana Paraskova

Oil prices are set to average $135 per barrel this year as the world could face the “largest energy supply shocks ever” with Russian crude struggling to make it to…

Tesla Sold Fewer Cars In China In February

Tesla Sold Fewer Cars In China In February

Mar 08, 2022 at 13:17 | ZeroHedge

Tesla officially sold 56,515 Chinese made vehicles in February, according to new data from the China Passenger Car Association (CPCA) that was released on Tuesday. New energy vehicles…

Nickel Trading Suspended As Prices Double In Short Squeeze

Nickel Trading Suspended As Prices Double In Short Squeeze

Mar 08, 2022 at 13:06 | Tsvetana Paraskova

Nickel trading was suspended on the London Metals Exchange (LME) on Tuesday after prices doubled from Monday to $100,000 per ton as short sellers raced to cover bearish bets…

Skyrocketing Jet Fuel Prices May Cripple Airlines

Skyrocketing Jet Fuel Prices May Cripple Airlines

Mar 08, 2022 at 11:32 | Julianne Geiger

Air travel is only starting to recover from the blow it received from the Covid-19 pandemic, but a surge in jet fuel prices is threatening that shaky recovery. U.S., European,…

Shell To Stop Spot Purchases Of Russian Oil And Gas, Closes Service Stations

Shell To Stop Spot Purchases Of Russian Oil And Gas, Closes Service Stations

Mar 08, 2022 at 10:18 | ZeroHedge

After facing a huge backlash last week and over the weekend when it snapped up a cargo of Russian crude at a bargain price at a time when…

Oil Price Rally Hits Plastics

Oil Price Rally Hits Plastics

Mar 08, 2022 at 09:35 | Irina Slav

The crude oil price rally has hit plastic producers’ margins, and some are starting to curb production, Bloomberg has reported. Brent crude briefly topped $130 this month amid the…

U.S. LNG Industry Barely Avoids Hack Attack

U.S. LNG Industry Barely Avoids Hack Attack

Mar 08, 2022 at 08:07 | Charles Kennedy

Hackers tried to infiltrate the systems of several U.S. natural gas companies, including LNG exporters Cheniere Energy, Chevron, and Kinder Morgan, Bloomberg has reported, citing research by Resecurity. According to…

Russia Says Energy Embargo Could Send Oil Prices Over $300

Russia Says Energy Embargo Could Send Oil Prices Over $300

Mar 07, 2022 at 17:10 | ZeroHedge

With the US reportedly said to vote as soon as Tuesday on a proposal to ditch trade relations with Russia and Belarus, including suspending oil imports despite repeated objections from Germany…

Bipartisan Deal Reached For Russian Energy Ban

Bipartisan Deal Reached For Russian Energy Ban

Mar 07, 2022 at 16:42 | Julianne Geiger

A U.S. or full-on Western energy ban on Russian oil and gas is now one step closer to fruition, as Democrats and Republicans reach a bipartisan deal that…

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