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News

Goldman Speculates On The Future Of OPEC

Goldman Speculates On The Future Of OPEC

Nov 24, 2020 at 10:38 | Tsvetana Paraskova

A week before OPEC is set to decide whether to roll over the current cuts into 2021, reports of renewed tensions within the cartel once again call into…

Russia Threatens U.S. Destroyer In Contested Waters

Russia Threatens U.S. Destroyer In Contested Waters

Nov 24, 2020 at 09:49 | RFE/RL staff

Russia's Defense Ministry says a U.S. Navy destroyer has left Russian waters in the Far East after being warned it might be rammed. The ministry said…

The U.S. Remains The World’s Most Attractive Renewables Market

The U.S. Remains The World’s Most Attractive Renewables Market

Nov 24, 2020 at 09:33 | Tsvetana Paraskova

The United States kept the top spot ahead of China as the world’s most attractive country for renewables investment and deployment in EY’s…

Iraq Wants A 5 Year Prepayment For Oil

Iraq Wants A 5 Year Prepayment For Oil

Nov 24, 2020 at 09:12 | Irina Slav

Iraq is working on its first-ever deal to sell oil and get the payment in advance as the country struggles to shore up its finances. Reuters cites a letter…

OPEC To Decide The Fate Of Oil Markets In 2021

OPEC To Decide The Fate Of Oil Markets In 2021

Nov 23, 2020 at 16:42 | Julianne Geiger

OPEC officials will meet this week on Wednesday, Thursday, and Friday to iron out details ahead of the meeting on November 30 and December 1 that will determine…

How Africa Became A Hotspot For Renewable Energy

How Africa Became A Hotspot For Renewable Energy

Nov 23, 2020 at 16:15 | Rystad Energy

Africa’s installed capacity of renewable energy, which stood at 12.6 gigawatt (GW) in 2019, is set for consecutive years of growth, a Rystad Energy analysis shows. The continent’s…

How Stimulus Packages Could Accelerate Electric Vehicle Adoption

How Stimulus Packages Could Accelerate Electric Vehicle Adoption

Nov 23, 2020 at 12:27 | Tsvetana Paraskova

Stimulus packages around the world could help a rise in electric vehicles (EVs) sales and speed up progress in decarbonization in the transportation sector, the International Energy Agency…

The COVID Vaccine Could Kill The Gold Rally

The COVID Vaccine Could Kill The Gold Rally

Nov 23, 2020 at 12:19 | City A.M

Gold prices were on track to fall for a second consecutive week as investors chanced their arms on equities again on news of not one but two effective…

Renewables Are Gaining Ground In New York

Renewables Are Gaining Ground In New York

Nov 23, 2020 at 11:31 | Tsvetana Paraskova

The state of New York generated the largest amount of renewable electricity generation of any U.S. state east of the Mississippi last year, with renewable energy sources, including…

Is This The Beginning Of The End For The Iran Nuclear Deal?

Is This The Beginning Of The End For The Iran Nuclear Deal?

Nov 23, 2020 at 10:38 | RFE/RL staff

The German government says the foreign ministers of Britain, France, and Germany are meeting in Berlin on November 23 for talks focusing on the 2015 nuclear deal with…

Qatar Energy Exports Crash By 39%

Qatar Energy Exports Crash By 39%

Nov 23, 2020 at 10:27 | Tsvetana Paraskova

Qatar’s total exports dropped by 35.5 percent year over year in the third quarter, dragged down by a 38.5-percent slump in exports of energy commodities and products, one…

Libya's Oil Company Clashes With Central Bank Over Earnings

Libya's Oil Company Clashes With Central Bank Over Earnings

Nov 23, 2020 at 09:50 | Michael Kern

Libya’s National Oil Corporation (NOC) will not be transferring the revenues from crude oil sales to the Central Bank of Libya until the bank adopts transparent policies on…

Major Metals Producer Pivots To Renewables

Major Metals Producer Pivots To Renewables

Nov 23, 2020 at 09:49 | Tsvetana Paraskova

Australia-based iron ore giant Fortescue Metals Group Ltd plans to start producing renewable energy from wind, solar, hydrogen, and ammonia in 2022 or 2023, with an ultimate goal…

Houthis Rebels Attack Saudi Oil Facility

Houthis Rebels Attack Saudi Oil Facility

Nov 23, 2020 at 09:21 | Charles Kennedy

The Houthi rebels in Yemen said today they had fired a missile against a target in the Saudi city of Jeddah and had hit it, Reuters reports, citing their…

Renewed Lockdowns Threaten More Refinery Closures In Europe  

Renewed Lockdowns Threaten More Refinery Closures In Europe  

Nov 20, 2020 at 15:49 | Tsvetana Paraskova

More refineries in Europe are at risk of permanent closures, with fuel demand on the continent falling again as major economies re-imposed lockdowns to fight the spike in…

The EV Revolution Is Threatening Long-Term Oil Demand Growth

The EV Revolution Is Threatening Long-Term Oil Demand Growth

Nov 20, 2020 at 10:12 | Irina Slav

The growth in electric vehicle adoption, especially in emerging markets, could threaten long-term oil demand growth, Carbon Tracker has reported, citing these markets’ dependency on imports that could be…

China Looks To Buy Stake In A Major Iraqi Oilfield

China Looks To Buy Stake In A Major Iraqi Oilfield

Nov 20, 2020 at 09:10 | Michael Kern

State giants China National Petroleum Corporation (CNPC) and China National Offshore Oil Corporation (CNOOC) are interested in buying ExxonMobil’s entire operating stake in one of the largest oilfields in Iraq,…

UAE Clarifies Stance On OPEC Membership

UAE Clarifies Stance On OPEC Membership

Nov 19, 2020 at 14:44 | Julianne Geiger

Anonymous UAE officials claimed earlier in the week that the country was considering breaking away from OPEC, citing the difficulties it is facing due to the stringent production cuts it…

Tesla Slammed In Consumer Reliability Report

Tesla Slammed In Consumer Reliability Report

Nov 19, 2020 at 13:23 | Tsvetana Paraskova

Despite the rise in electric vehicle (EV) sales and the growing number of their devoted fans, electric carmakers continue to experience growing pains, and their cars didn’t score very well…

UK Renewable Giant Suffers Despite Green Energy Push

UK Renewable Giant Suffers Despite Green Energy Push

Nov 19, 2020 at 13:12 | City A.M

Energy giant SSE today said that profit before tax had fallen a quarter in the first half of the year due to the coronavirus pandemic. The FTSE 100 company said…

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