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Iran Adapts to Shifting Tides in South Caucasus

Iran Adapts to Shifting Tides in South Caucasus

Iran is facing diplomatic challenges…

Energy

Oil Fund Withdrawals Suggest Extended Price Rally

Apr 11, 2024 at 13:39 | Irina Slav

The world's largest crude oil exchange-traded fund has bled over $2 billion in less than a year. And it's not due to investors finding greener pastures elsewhere with other ETFs;…

China Exports Gasoline Using Blockchain In Unprecedented Move

Apr 11, 2024 at 12:08 | Alex Kimani

China’s Sinochem Energy Technology Co. Ltd., a subsidiary of state-owned multinational conglomerate Sinochem Corp., has successfully completed the shipment of gasoline from China’s Quanzhou City to Singapore using blockchain technology.…

M&A Fever Hits Canada's Oil and Gas Industry

Apr 11, 2024 at 10:34 | Tsvetana Paraskova

The mergers and acquisitions (M&A) wave sweeping through the U.S. oil and gas industry has reached Canada, which could see a megamerger in the coming months.    Smaller deals are…

Biden Administration's SPR Plans Derailed by Oil Price Surge

Apr 11, 2024 at 09:32 | Robert Rapier

Despite indicating they would refill the Strategic Petroleum Reserve (SPR) by the end of this year, the Department of Energy

Air-Stable Ruthenium Catalyst to Revolutionize Industrial Chemistry

Apr 11, 2024 at 09:17 | Brian Westenhaus

Researchers at The University of Manchester have achieved a groundbreaking advancement in catalyst technology by developing a new catalyst which has been shown to have a wide…

OPEC Expects Solid Global Oil Demand This Summer

Apr 11, 2024 at 08:20 | Charles Kennedy

Global oil demand in the summer is expected to be strong as consumption of transportation fuels is set to rise across the board and across regions with summer and holiday…

OPEC+ Rules in an Increasingly Tight Oil Market

Apr 10, 2024 at 16:11 | Tsvetana Paraskova

The OPEC+ group is firmly back in control of the oil market and has the power to have it extremely tight in the second half of the year should it…

The AI Revolution Has a Problem: Energy

Apr 10, 2024 at 11:38 | Irina Slav

Artificial intelligence is helping the oil and gas industry boost output by accelerating drilling and boosting efficiency. It offers similar gains to other industries as well and online platforms and…

Biden’s LNG Pause Could Have a Significant Impact On Global Energy Security

Apr 10, 2024 at 10:05 | Haley Zaremba

Back in January of this year, the Biden administration announced a controversial decision to pause approvals of new licenses to export liquefied natural gas (LNG). President Biden announced that…

Shell's Undervalued London Listing a "Major Issue," Says Ex-Chief

Apr 10, 2024 at 09:55 | City A.M

The Shell share price hit another all-time high this week as the company continued its positive run. The

Oil Ticks Lower on EIA Inventory Report

Apr 10, 2024 at 09:38 | Irina Slav

Crude oil prices moved lower today after the Energy Information Administration reported an estimated inventory build of 5.8 million barrels for the week to April 5. The authority also…

Sao Paulo's Power Grid Nears Breaking Point

Apr 10, 2024 at 09:35 | Leonard Hyman & William Tilles

Dark days ahead in São Paulo, the industrial and commercial hub of Brazil. They noticed last month, after a three day blackout hit the city’s center and its poorer neighborhoods,…

Tanker Markets Set to Soar As ‘Final Frontiers’ Heat Up

Apr 10, 2024 at 09:15 | Alex Kimani

Back in February, crude tankers and product carrier company International Seaways (NYSE:INSW) predicted that tanker freight will remain healthy in the short and long term going forward, thanks to oil supply growth…

Russia’s Crude Is Trading at $15 Above the Price Cap

Apr 10, 2024 at 08:44 | Charles Kennedy

Russia’s flagship crude grade, Urals, is currently being exported at a price of around $75 per barrel, per Argus Media data cited by Bloomberg—a price that’s $15 a barrel…

OPEC+ Faces Fork in the Road

Apr 09, 2024 at 11:14 | Irina Slav

OPEC+ once again extended its oil production cuts this month. The decision was anything but unexpected and, unlike previous production policy announcements, it had the desired effect on prices. However,…

Energy Stocks Rally Under The Radar

Apr 09, 2024 at 10:43 | Tsvetana Paraskova

Big Oil is trumping the Magnificent Seven on the stock market this year in an oil stocks rally that few had expected a few months ago.   Energy stocks have…

What Does Neom’s Downsize Means for Saudi Arabia’s Vision 2030?

Apr 09, 2024 at 09:07 | ZeroHedge

The scaling back of the megacity project is attributed to budget constraints, with the Public Investment Fund's cash reserves dropping to $15bn in September 2023.Saudi Arabia has scaled…

U.S.’s New Hopes In Iraq Are Dashed As It Signs Longest Ever Gas Deal With Iran

Apr 09, 2024 at 09:05 | Simon Watkins

Given its huge oil and gas reserves, strategically critical location in the heart of the Middle East, and its initial welcoming of the U.S. after the fall of President Saddam…

Morgan Stanley Hikes Its Summer Oil Price Forecast to $94

Apr 09, 2024 at 08:11 | Charles Kennedy

Morgan Stanley sees heightened geopolitical risk pushing Brent Crude oil prices to $94 per barrel in the third quarter as the bank lifted its price forecast by $4 a barrel…

Brent Could Climb to $95 as Bullish Sentiment Builds

Apr 09, 2024 at 06:25 | Michael Kern

As bullish sentiment continues to build and Brent settles comfortably above the $90 mark, oil prices look set to continue to climb this week.

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