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News

Israel’s Sovereign Wealth Fund Plans Get Postponed

Israel’s Sovereign Wealth Fund Plans Get Postponed

Jul 06, 2021 at 16:49 | Irina Slav

Israel will postpone the establishment of a sovereign wealth fund meant to be filled with tax revenues from natural gas production until next year as this year’s intake turned out…

Lebanon PM Warns Of “Social Explosion” After Fuel Price Hikes

Lebanon PM Warns Of “Social Explosion” After Fuel Price Hikes

Jul 06, 2021 at 16:42 | Tsvetana Paraskova

Lebanon, which is in the midst of a severe economic crisis, is “days away” from a social explosion, the country’s caretaker prime minister warned on Tuesday, moments before renewed,…

Oil Pipeline Explosion Kills 3 In Iran

Oil Pipeline Explosion Kills 3 In Iran

Jul 06, 2021 at 14:07 | Michael Kern

Iranian media report that an explosion that started at a pump house in the country’s southwest tore through oil and gas pipelines, killing three people and injuring four…

Natural Gas Prices Fall Despite Bullish Outlook

Natural Gas Prices Fall Despite Bullish Outlook

Jul 06, 2021 at 14:06 | Tsvetana Paraskova

U.S. natural gas prices fell early on Tuesday alongside a slide in crude oil prices, despite forecasts of high natural gas demand this week with expected high temperatures.   The…

Soaring Fuel Prices In Lebanon Could Trigger A 'Social Explosion'

Soaring Fuel Prices In Lebanon Could Trigger A 'Social Explosion'

Jul 06, 2021 at 12:26 | Tsvetana Paraskova

Lebanon, which is in the midst of a severe economic crisis, is “days away” from a social explosion, the country’s caretaker prime minister warned on Tuesday, moments before renewed,…

Scottish Electric Firm To Pledge $5.5 Billion In Net-Zero Push

Scottish Electric Firm To Pledge $5.5 Billion In Net-Zero Push

Jul 06, 2021 at 11:28 | City A.M

Scottish and Southern Electricity Networks (SSEN) may pledge over £4bn in the push for net-zero, the energy giant said in a draft business plan today. The…

Rockets Target U.S. Troops As Iraqi Militia Leader Vows Revenge

Rockets Target U.S. Troops As Iraqi Militia Leader Vows Revenge

Jul 06, 2021 at 10:52 | Charles Kennedy

As rockets hit an Iraqi airbase housing U.S. personnel, the leader of an Iran-affiliated Iraqi militia has vowed to take revenge on the United States for the killing of four…

Energy Stocks Fall Following OPEC+ Failure

Energy Stocks Fall Following OPEC+ Failure

Jul 06, 2021 at 10:40 | Tsvetana Paraskova

Energy stocks turned lower on Tuesday after oil prices slid from multi-year highs amid market concern that the OPEC+ deadlock could result in a major rift that could break up…

DiDi Plummets 22% After China Moves To Block The App

DiDi Plummets 22% After China Moves To Block The App

Jul 06, 2021 at 10:21 | ZeroHedge

China's move to block Didi Chuxing Technology Co. from app stores just days after the ride-hailing giant's U.S. IPO has resulted…

Iran Accuses Israel Of Nuclear Site Attack

Iran Accuses Israel Of Nuclear Site Attack

Jul 06, 2021 at 09:28 | Tsvetana Paraskova

Iran blamed on Tuesday Israel for attacking in late June a civilian nuclear site near Tehran, admitting that the attempt damaged the building, Iranian state media reported. This is…

Oman State Oil Firm Looks To Raise $1.5B From Debt Financing

Oman State Oil Firm Looks To Raise $1.5B From Debt Financing

Jul 05, 2021 at 14:33 | Tsvetana Paraskova

One of Oman’s newly created state oil firms, Energy Development Oman (EDO), is negotiating a $1.5-billion debt financing with banks, possibly via a loan, two sources with knowledge of the…

Iraq Confirms BPs Plans To Leave The Country

Iraq Confirms BPs Plans To Leave The Country

Jul 05, 2021 at 13:06 | Tsvetana Paraskova

BP is considering quitting upstream operations in Iraq, where the supermajor operates the biggest oilfield, Iraqi Oil Minister Ihsan Abdul Jabbar Ismaael said in a video posted on the oil…

Mud Volcano Explosion Near Major Caspian Sea Gas Fields

Mud Volcano Explosion Near Major Caspian Sea Gas Fields

Jul 05, 2021 at 11:40 | Charles Kennedy

An explosion near an offshore field in the Caspian Sea has had media guessing as to what happened, after several shots and videos were released online, followed by a statement…

Climate Activists Furious As Gas Leak Sets Sea On Fire

Climate Activists Furious As Gas Leak Sets Sea On Fire

Jul 05, 2021 at 10:21 | Tsvetana Paraskova

Climate activists have slammed Mexico for its policy to boost oil and gas exploration and production, as well as the oil industry as a whole, following a Friday gas leak…

European Bank For Reconstruction And Development Ends All Upstream Oil Financing

European Bank For Reconstruction And Development Ends All Upstream Oil Financing

Jul 05, 2021 at 09:10 | Tsvetana Paraskova

The European Bank for Reconstruction and Development (EBRD) will no longer invest in oil and gas exploration and production, the bank’s Managing Director Harry Boyd-Carpenter told Reuters as the…

Swiss Court Slaps $1.5M Bribery Fine On Gaddafi-Era Oil Minister’s Son

Swiss Court Slaps $1.5M Bribery Fine On Gaddafi-Era Oil Minister’s Son

Jul 02, 2021 at 14:35 | Tsvetana Paraskova

Mohamed Ghanem, the son of a Libyan oil minister during Muammar Gaddafi’s rule, has to pay $1.5 million after he was found guilty of bribery, a Swiss court ruled…

Lebanon Calls In Military Amid Violence Gas Price Protests

Lebanon Calls In Military Amid Violence Gas Price Protests

Jul 02, 2021 at 13:26 | Charles Kennedy

The Lebanese army was called to step in and rein in armed protests sparked by plans to increase fuel prices. Protests erupted in the troubled country at the start…

Refinery Explosion In Romania Leaves 1 Dead, Five Injured

Refinery Explosion In Romania Leaves 1 Dead, Five Injured

Jul 02, 2021 at 13:07 | Tsvetana Paraskova

An explosion rocked early on Friday Romania’s largest oil refinery just outside the Black Sea city of Constanta, killing one person and injuring five others, Romanian officials and authorities

Venezuelan Crude Exports Soar 66% Year-On-Year

Venezuelan Crude Exports Soar 66% Year-On-Year

Jul 02, 2021 at 11:37 | Irina Slav

Crude oil exports from Venezuela inched up last month as traders rushed to sell Venezuelan crude to Chinese buyers ahead of the entry into effect of a new tax. Reuters…

Tesla Misses Estimates But Delivers More Than 200,000 Cars In Q2 2021

Tesla Misses Estimates But Delivers More Than 200,000 Cars In Q2 2021

Jul 02, 2021 at 10:38 | ZeroHedge

Tesla stock is mostly flat in the pre-market session after the company announced it delivered over 200,000 vehicles in Q2, the company said in a…

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