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Is This The Next Major Threat For Oil Demand?

Is This The Next Major Threat For Oil Demand?

Manufacturing growth in the United…

9 Central And Eastern European Countries Back Ukraine’s NATO Bid

9 Central And Eastern European Countries Back Ukraine’s NATO Bid

Central and Eastern European countries…

Azerbaijan And Armenia Aim To Draft Peace Treaty

Azerbaijan And Armenia Aim To Draft Peace Treaty

Following clashes on the Armenian-Azerbaijani…

News

The White House Is In A Panic To Stop The OPEC+ Production Cut

The White House Is In A Panic To Stop The OPEC+ Production Cut

Oct 05, 2022 at 00:55 | Irina Slav

The White House is up in arms to try and prevent a potentially major production cut in OPEC+ just a month before midterm elections when the current administration least needs…

Oil Prices Rise As API Reports Surprise Crude, Gasoline Draws

Oil Prices Rise As API Reports Surprise Crude, Gasoline Draws

Oct 04, 2022 at 15:46 | Julianne Geiger

The American Petroleum Institute (API) reported a surprise draw this week for crude oil of 1.770 million barrels, while analysts predicted a build of 333,000 barrels. U.S. crude inventories have grown by roughly 21…

U.S. Shale Won’t Fill Gap If OPEC+ Cuts Oil Production

U.S. Shale Won’t Fill Gap If OPEC+ Cuts Oil Production

Oct 04, 2022 at 12:48 | Julianne Geiger

The U.S. shale industry won’t step in to fill the gap left by an OPEC+ crude oil production cut, energy executives told Reuters on Tuesday. OPEC+ is set to review…

Shell, Aramco: There’s No Quick Fix For Tight Oil Market

Shell, Aramco: There’s No Quick Fix For Tight Oil Market

Oct 04, 2022 at 09:11 | Julianne Geiger

Spare oil capacity throughout the world is very low, and significant investments in the oil industry are not on the immediate horizon—not even with higher prices—Shell’s and Aramco’s heads said…

Iranian Rial Plunges To Record Low

Iranian Rial Plunges To Record Low

Oct 04, 2022 at 08:02 | RFE/RL staff

Iran's national currency, the rial, fell to a record low against the U.S. dollar amid a wave of protests triggered by the death in custody of a young…

Shell CEO Calls For Higher Taxes To Protect Consumers

Shell CEO Calls For Higher Taxes To Protect Consumers

Oct 04, 2022 at 07:57 | Michael Kern

The current energy crisis cannot be left to the roiled market to sort itself out and will need smart government intervention by taxing the wealthier to shield the…

UK Blocks Russia From Purchasing Array Of Services From British Firms

UK Blocks Russia From Purchasing Array Of Services From British Firms

Oct 04, 2022 at 07:48 | City A.M

The UK has placed new sanctions on Russia, blocking its citizens and businesses from purchasing an array of services from British firms, over the Kremlin’s decision to annex…

U.S. Supreme Court Throws Out Case Between Russian Oil Company And Ukraine

U.S. Supreme Court Throws Out Case Between Russian Oil Company And Ukraine

Oct 04, 2022 at 07:31 | RFE/RL staff

The U.S. Supreme Court has sided with the Russian oil company Tatneft in a dispute with Ukraine over the payment of a multimillion-dollar judgment awarded years ago by…

Here’s How The U.S. Wants To Structure The Russian Oil Price Cap

Here’s How The U.S. Wants To Structure The Russian Oil Price Cap

Oct 04, 2022 at 07:25 | Tsvetana Paraskova

The U.S. Department of the Treasury is looking to structure a three-phased approach to the G7 sanctions and price caps on Russian oil to keep Russian crude and products flowing,…

Saudi Aramco: The Oil Market Is Ignoring Supply Fundamentals

Saudi Aramco: The Oil Market Is Ignoring Supply Fundamentals

Oct 04, 2022 at 06:46 | Tsvetana Paraskova

The oil market is ignoring the fact that spare oil production capacity is very low right now, Saudi Aramco’s chief executive Amin Nasser said on Tuesday.       “[The market] is…

Oil Analyst: Prices Will Climb Over The Next 9 Months

Oil Analyst: Prices Will Climb Over The Next 9 Months

Oct 04, 2022 at 02:18 | Tsvetana Paraskova

There are asymmetrical upside drivers for oil prices by the end of the year, according to RBC Capital Markets, which is long oil with WTI call options for June 2023…

U.S. And Mexico Extend Energy Discussions After Failing To Resolve Dispute

U.S. And Mexico Extend Energy Discussions After Failing To Resolve Dispute

Oct 04, 2022 at 01:46 | Charles Kennedy

The United States and Mexico will continue talks aimed at settling an energy policy dispute after failing to reach an agreement within the set minimum period, Bloomberg has reported,…

Australia’s Lithium Production And Profits Are Soaring

Australia’s Lithium Production And Profits Are Soaring

Oct 04, 2022 at 01:19 | Irina Slav

Australia, the world’s largest producer of lithium, is taking advantage of skyrocketing demand for this critical metal. The country’s lithium production and profits have soared in recent years, and that…

Natural Gas Futures Slide 6% On Weaker Than Expected Demand

Natural Gas Futures Slide 6% On Weaker Than Expected Demand

Oct 03, 2022 at 09:58 | Alex Kimani

Natural gas prices have continued falling with natural gas futures adding to their losses in early trading Monday as the markets fret over receding domestic…

IEA: Global Gas Markets To Remain Tight Through 2023

IEA: Global Gas Markets To Remain Tight Through 2023

Oct 03, 2022 at 09:54 | Alex Kimani

The International Energy Agency (IEA) has predicted that global gas markets will remain tight next year as Russian piped gas supplies dwindle despite…

China Is Reselling U.S. LNG To Europe For Big Profits

China Is Reselling U.S. LNG To Europe For Big Profits

Oct 03, 2022 at 08:56 | Alex Kimani

Chinese companies that have signed long-term contracts to buy U.S. liquefied natural gas have been selling their excess inventories to Europe and reaping big profits from the sales…

Kazakhstan Pins Wave Of Cyberattacks On Foreign Actors

Kazakhstan Pins Wave Of Cyberattacks On Foreign Actors

Oct 03, 2022 at 08:51 | Eurasianet

Kazakhstan has for the past week been on the receiving end of a wave of cyberattacks that IT experts say have slowed down internet connections across the country.…

The EU Could Agree On A Russian Oil Price Cap Today

The EU Could Agree On A Russian Oil Price Cap Today

Oct 03, 2022 at 08:19 | Michael Kern

The European Union could reach an agreement to back a price cap on Russian oil and more sanctions against Russia as soon as Monday, the Polish representative to the EU…

There Is A “Significant Risk” Of Gas Shortages In The UK This Winter

There Is A “Significant Risk” Of Gas Shortages In The UK This Winter

Oct 03, 2022 at 08:14 | Tsvetana Paraskova

There is a “significant” risk of shortages in gas supply in the UK this winter, its energy regulator has warned, raising the prospect of power outages in the coming months.…

Houthis Warn Oil Firms To Leave Saudi Arabia And The UAE

Houthis Warn Oil Firms To Leave Saudi Arabia And The UAE

Oct 03, 2022 at 07:34 | Michael Kern

Yemen's Houthis have warned oil companies operating in Saudi Arabia and the United Arab Emirates (UAE) to pack up and leave as the warring sides in the Yemeni conflict failed…

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