Climate change is the cost of burning capital that cannot be replaced. The best thing about switching over to renewable energy is that the world will no longer be burning…
Everybody is making batteries these days, it seems. The EV revolution is coming, and as none other than Glencore’s Ivan Glasenberg said last week, it’s coming faster than we had…
The United Arab Emirates has spearheaded the Gulf Cooperation Council (GCC) initiative to increase its presence in the Caspian Sea nations—Kazakhstan, Azerbaijan and Turkmenistan - all petrostates still suffering from…
In the first five months of 2017, Indian companies have purchased more than 1 million tons of Russian crude supplied from Black Sea ports. In and of itself, there…
Iran’s current crude oil output level will not be reduced under the extension of the OPEC production cuts, Iranian Oil Minister Bijan Zanganeh was quoted as saying on Thursday. “Iran’s…
A Bloomberg investigation has uncovered a plan by Venezuela and Syria to circumvent Western sanctions on the Middle Eastern nation and ship its crude oil to Aruba to refine it…
Australia’s southern state of Victoria took a big step to support mining exploration this week. Handing out A$1.2 million in grants to support exploration and development at five projects…
As OPEC's latest meeting concludes in Vienna, just a glimpse at the charts below helps explain why the cartel's production cut deal has been extended for another nine months: it…
OPEC is about to extend its production cuts for another nine months in an effort to bring the oil market back into balance. Keeping in place the 1.2 million barrels…
It’s the thinnest material known to man—1 million times thinner than a human hair. It’s the world’s first 2D material, and it’s ultra light and transparent. It’s 200 times stronger…
President Donald Trump released his official budget proposal this week, a plan that includes the sale of a significant chunk of the U.S. Strategic Petroleum Reserve. The blueprint proposes beginning…
Those who watched The Space Between Us would surely have a fresh memory of the plane that Gary Oldman’s character flew from the ground into space. The plane probably used…
When OPEC sits down on Thursday, keeping the price of Brent above $50 (to avoid a budget catastrophe and social upheaval in Saudi Arabia) and below $60 (to prevent US…
Five years after Mexican President Enrique Peña Nieto made campaign promises to open his country’s oil reserves to foreign interests, a private well been has drilled in Mexico for the…
China has said it will allow private companies to invest in the country’s oil and gas storage sector, the government said in a document laying out changes it plans to…
In the end, the OPEC Vienna meeting - which technically won't conclude until tomorrow - was anticlimatic, with the recommendation by Joint OPEC-Non-OPEC Ministerial Monitoring Committee in line with what…
I’ve written a lot recently about the surge in private equity for natural resources. With PE firms in the energy space being particularly dominant — holding an estimated $156…
A day before OPEC’s meeting in Vienna, where the cartel should announce officially the nine-month extension to its crude oil production cut deal, the Energy Information Administration added to optimism…
The markets are betting that the OPEC extension is all but guaranteed after Saudi Arabia and Russia announced their intention to support a nine-month extension. Saudi energy minister Khalid al-Falih…
The Saudi Deputy Crown Prince Mohammed bin Salman unveiled the nation’s ambitious “Vision 2030” in an interview with Al-Arabiya in April. The roadmap lays out a wide variety of economic…