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The OPEC Agreement Puts A Floor Under Oil Prices

The OPEC Agreement Puts A Floor Under Oil Prices

OPEC’s agreement to raise production…

Oil Markets Will Only Get Tighter

Oil Markets Will Only Get Tighter

OPEC has agreed to increase…

News

Offshore Oil Ban May Cost New-Zealand Billions

Offshore Oil Ban May Cost New-Zealand Billions

Jun 25, 2018 at 09:44 | Irina Slav

New Zealand’s ban on new offshore oil and gas exploration could cost it billions in lost revenues, the head of the country’s oil and gas industry body Pepanz said,…

U.S. Sanctions Won’t Affect Iraq-Iran Crude Oil Swap Deal

U.S. Sanctions Won’t Affect Iraq-Iran Crude Oil Swap Deal

Jun 22, 2018 at 17:19 | Tsvetana Paraskova

The return of the U.S. sanctions on Iran will not impact an agreement between Iran and Iraq to swap crude oil, Iraq’s Oil Minister Jabbar al-Luiebi said on Friday.…

Sudan, South Sudan To Discuss New Oil Recovery Plan

Sudan, South Sudan To Discuss New Oil Recovery Plan

Jun 22, 2018 at 17:15 | Tsvetana Paraskova

Sudan and South Sudan will discuss plans to recover oil infrastructure and production next week, the foreign minister of Sudan said on Friday. The oil talks will be held…

Germany Neglects Renewables, Set to Miss 2020 Climate Goals

Germany Neglects Renewables, Set to Miss 2020 Climate Goals

Jun 22, 2018 at 16:43 | Tsvetana Paraskova

While the newly installed German government grapples with divisions over migration policies in its first 100 days of office, its inaction on energy policies and climate goals is angering…

PDVSA: Venezuela Will Struggle To Recover Lost Oil Production

PDVSA: Venezuela Will Struggle To Recover Lost Oil Production

Jun 22, 2018 at 13:54 | Irina Slav

Venezuela will be hard put to recover by end-2018 the crude oil production that it lost in the last couple of years, the country’s Oil Minister said during OPEC’s meeting…

How Do Predictions Stack Up 30 Years After The First Global Warming Warning?

How Do Predictions Stack Up 30 Years After The First Global Warming Warning?

Jun 22, 2018 at 12:59 | Tsvetana Paraskova

This week marks the 30th anniversary of the first public warning that global warming had started, and climate scientists are assessing where the predictions of the NASA scientist who sounded…

U.S. Asks Japan To Stop Importing Iranian Crude

U.S. Asks Japan To Stop Importing Iranian Crude

Jun 22, 2018 at 09:23 | Irina Slav

The U.S. has asked Japan to completely stop importing Iranian crude, unnamed sources close to bilateral talks from earlier this week told Bloomberg. Japan has not yet decided how…

Venezuela: U.S. Sanctions Are “An Attack On The Oil Market”

Venezuela: U.S. Sanctions Are “An Attack On The Oil Market”

Jun 21, 2018 at 16:30 | Tsvetana Paraskova

The U.S. sanctions against Venezuela are affecting consumers worldwide and are an attack on the oil market, Venezuelan Oil Minister Manuel Quevedo said on Thursday. The minister, speaking at…

Turkey Plans World’s Biggest Offshore Wind Farm

Turkey Plans World’s Biggest Offshore Wind Farm

Jun 21, 2018 at 16:22 | Tsvetana Paraskova

Turkey said on Thursday that it would be accepting applications for the construction and operation of a 1,200-MW offshore wind farm—the world’s biggest—by October 23. The Renewable Energy General…

Third Oil Storage Tank Set Ablaze Amid Clashes At Libyan Port

Third Oil Storage Tank Set Ablaze Amid Clashes At Libyan Port

Jun 21, 2018 at 16:21 | Tsvetana Paraskova

Clashes at Libya’s oil port of Ras Lanuf resulted in a third storage tank set on fire, a witness and an oil engineer told Reuters on Thursday. Over the…

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