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Israel Claims to Have Dealt a Serious Blow to Hezbollah

Israel Claims to Have Dealt a Serious Blow to Hezbollah

Israeli authorities claimed to have…

Lithium Faces Challenge From Sodium Batteries

Lithium Faces Challenge From Sodium Batteries

Lithium-ion has been the dominant…

Energy

Iraq Set To Boost Oil Output After Bai Hassan Restart

Jul 13, 2018 at 08:59 | Kayrros

Satellite surveillance shows that production has fully resumed at the Bai Hassan field in Iraq. The field is part of a complex of oilfields in Northern Iraq that were shut…

This Oil Price Crash Was Just A Correction

Jul 12, 2018 at 16:43 | Nick Cunningham

The oil market is “stretched to the limit” despite the fact that OPEC+ agreed to ramp up production following their meeting last month, according to the International Energy Agency. The…

The Permian Banks On These Key Pipelines

Jul 12, 2018 at 16:36 | Tsvetana Paraskova

Booming crude oil and natural gas production in the Permian Basin and not enough pipeline takeaway capacity have widened the discounts at which oil and natural gas pumped in the…

Libya’s Oil Production Ramps Up After Ports Reopen

Jul 12, 2018 at 14:53 | Tsvetana Paraskova

Libya’s Abu Attifel oil field has restarted operations after a two-week halt due to the closure of oil ports—a closure that ended on Wednesday after Libya’s National Oil Corporation (NOC)…

No End In Sight For Venezuela’s Oil Crisis

Jul 12, 2018 at 13:23 | Nick Cunningham

Venezuela’s oil production plunged by another 47,500 barrels per day (bpd) in June, compared to a month earlier. An exodus of workers and field shut downs were reported for the…

Norway Oil Strike Set To Worsen

Jul 12, 2018 at 11:42 | Tsvetana Paraskova

Norway’s ongoing oil workers’ strike is set to shut more rigs on the Norwegian Continental Shelf as the employers’ association has not contacted the trade union for new talks…

China Is Dominating Global EV Markets

Jul 12, 2018 at 11:00 | Jon LeSage

China’s dominant role in electric vehicle manufacturing and sales has yet to be curtailed by the trade war launched by President Donald Trump. The lack of impact can be demonstrated…

Saudi Arabia's Solution To Rising U.S. Gas Prices

Jul 12, 2018 at 09:28 | Irina Slav

The first U.S.-bound shipment of reformulated blendstock gasoline produced at a Saudi refinery operated by Aramco and Total is on its way, Reuters reports, citing the official Twitter account…

Oil Prices Crash As Libya Resumes Production

Jul 11, 2018 at 17:26 | Nick Cunningham

Oil prices fell sharply on Wednesday on news that Libya was suddenly set to restore hundreds of thousands of barrels per day, and the U.S. struck a softer line on…

Oil’s Perfect Storm Lays At Trump’s Feet

Jul 11, 2018 at 14:02 | Tim Daiss

It’s becoming painfully clear that the way forward for global oil markets is going to be bumpy, very bumpy, particularly as we head into next year. Much of this uncertainty,…

The U.S. Energy Industry Can’t Afford A Trade War

Jul 11, 2018 at 14:00 | Tsvetana Paraskova

As the U.S.-China trade spat turns into a full-blown war with tariffs and retaliatory tariffs and threats of further tariffs, U.S. energy exports to China may suffer if Beijing follows…

Will The U.S. Compromise On Iran Oil Sanctions?

Jul 11, 2018 at 13:55 | Irina Slav

Some of the United States’ closest allies are scrambling to find a way around the latest sanctions of the Trump Administration against Tehran, and Washington may have to revise its…

OPEC: Oil Demand Growth To Slow In 2019

Jul 11, 2018 at 12:15 | Tsvetana Paraskova

Global oil demand growth is expected to moderate next year as the world economy is expected to grow slightly less than this year, OPEC said on Wednesday in its…

India To OPEC: Soaring Oil Prices Will Erode Demand

Jul 11, 2018 at 12:06 | Irina Slav

OPEC needs to pay more attention to the movement of oil prices and take action to reduce them or it will find itself with a slowdown in demand on its…

Libya Reopens Oil Ports

Jul 11, 2018 at 11:51 | Tsvetana Paraskova

Libya’s National Oil Corporation (NOC) lifted on Wednesday the force majeure on four ports in the eastern part of the country after the export terminals were handed over to…

The Downside Risk For Oil

Jul 11, 2018 at 10:52 | Osama Rizvi

Oil prices have spiked more than 13 percent in the past ten days, with WTI touching $75 at one point, the highest since the 2014 price crash. The…

EIA Reports Largest Crude Draw Since 2016

Jul 11, 2018 at 09:44 | Irina Slav

The Energy Information Administration reported a huge draw in crude oil inventories of 12.6 million barrels for the week to July 6, after a build of 1.2 million…

Spare Capacity: The Biggest Mystery In Oil Markets

Jul 10, 2018 at 16:55 | Nick Cunningham

With around 2.5 million barrels per day (mb/d) of Iranian supply targeted by the Trump administration, how will the oil market cope with the losses? Is there enough supply…

Barclays: WTI To Average $65 Next Year

Jul 10, 2018 at 16:35 | Tsvetana Paraskova

Barclays raised on Tuesday its oil price forecasts for Brent Crude and WTI Crude for 2018 and 2019, and sees the U.S. benchmark averaging $65 a barrel next year, as…

Libyan Oil Production Is Only Heading Lower

Jul 10, 2018 at 16:32 | Irina Slav

When back in September 2016 the Libyan National Army retook control over the export terminals in the country’s Oil Crescent from the Petroleum Facilities Guard and handed it over to…

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