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Breaking News:

Asian Oil Imports Dropped in April

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The Iran Nuclear Deal Is On The Home Stretch

The Iran Nuclear Deal Is On The Home Stretch

Mar 17, 2022 at 09:16 | Irina Slav

Iran and the United States have managed to resolve two of four key issues in their negotiations on a new nuclear deal, Iran’s foreign minister said. Two, however, remain. Once…

EIA: Oil Prices Will Remain Above $100 For Months

EIA: Oil Prices Will Remain Above $100 For Months

Mar 16, 2022 at 15:56 | Tsvetana Paraskova

Oil prices will remain higher than $100 per barrel in the coming months, reflecting the geopolitical risk from Russia’s war in Ukraine and the tight energy markets with the current…

Gasoline Prices Serious Problem For Most Americans: Poll

Gasoline Prices Serious Problem For Most Americans: Poll

Mar 16, 2022 at 15:49 | Julianne Geiger

More than half of all Americans have found the price of gasoline a “very serious problem” or “somewhat serious problem” according to new polling data. A new Quinnipiac poll…

Chernobyl Could Be Close To New Nuclear Disaster

Chernobyl Could Be Close To New Nuclear Disaster

Mar 16, 2022 at 13:33 | Charles Kennedy

The Chernobyl nuclear facility could be close to a new nuclear accident as Ukrainian personnel at the plant are held hostages by Russian troops and are running out of food…

Supply Chain Disruptions Force European Automakers To Halt Production

Supply Chain Disruptions Force European Automakers To Halt Production

Mar 16, 2022 at 12:14 | Metal Miner

We naturally focus on metals and energy issues when reviewing the Russian invasion of Ukraine. However, metals and energy are not the only commodities or products…

Energy Spending To Hit Record 13% Of Global GDP In 2022

Energy Spending To Hit Record 13% Of Global GDP In 2022

Mar 16, 2022 at 11:55 | Tsvetana Paraskova

Rallying energy commodity prices are expected to drive up primary energy expenditures globally to a record 13 percent of world gross domestic product (GDP), comparable to the energy cost levels…

New Saudi Data Law Could Discourage Foreign Investment

New Saudi Data Law Could Discourage Foreign Investment

Mar 16, 2022 at 11:31 | Charles Kennedy

Saudi Arabia’s new personal data protection law would discourage foreign investment in the world’s top crude exporter which looks to diversify from oil with tech and digital hubs, the U.S.…

Australia Backs Its Rare Earths Industry To Counter Chinese Dominance

Australia Backs Its Rare Earths Industry To Counter Chinese Dominance

Mar 16, 2022 at 10:27 | Tsvetana Paraskova

Australia unveiled on Wednesday a new support scheme for its domestic rare earths mining and supply chain industry as the U.S. ally looks to reduce global dependence on China for…

UK Will Not Lift Fracking Ban Despite Supply Shock

UK Will Not Lift Fracking Ban Despite Supply Shock

Mar 16, 2022 at 09:29 | Charles Kennedy

The UK government has no intention of lifting a fracking moratorium introduced in 2019, a minister has said in an official statement. Acknowledging the need for energy security in the…

Oil Prices Slip On Surprise Crude Inventory Build

Oil Prices Slip On Surprise Crude Inventory Build

Mar 15, 2022 at 15:45 | Julianne Geiger

The American Petroleum Institute (API) estimated that there was a surprise build this week for crude oil of 3.754 million barrels, compared to analyst predictions of a 1.867 million…

Gazprom Deliveries To Europe Plunge 28.5% This Year

Gazprom Deliveries To Europe Plunge 28.5% This Year

Mar 15, 2022 at 14:47 | Tsvetana Paraskova

Gazprom has reduced its natural gas exports to countries outside the former Soviet Union by 28.5 percent so far this year, Russia's state gas giant said on Tuesday. Gazprom's natural…

Kazakhstan Halts Gold Exports As Its Currency Falters

Kazakhstan Halts Gold Exports As Its Currency Falters

Mar 15, 2022 at 13:53 | Eurasianet

Kazakhstan has banned the export of hard currency in amounts worth more than $10,000, as well as gold and silver bullion, as it attempts to stabilize a national…

IMF: Ukraine’s Economy Will Shrink By 10 Percent Or More This Year

IMF: Ukraine’s Economy Will Shrink By 10 Percent Or More This Year

Mar 15, 2022 at 13:43 | City A.M

The Ukrainian economy is set to contract sharply this year as Russia’s invasion hobbles domestic consumption, reveals fresh forecasts by the world’s economic watchdog. Output in…

The Majority Of Americans Wants To Revive Keystone XL Pipeline

The Majority Of Americans Wants To Revive Keystone XL Pipeline

Mar 15, 2022 at 12:56 | Charles Kennedy

Most Americans now support a resurrection of the Keystone XL oil pipeline project for carrying oil from Canada to the United States, a new poll showed after the U.S. banned…

NGOs Threaten To Sue TotalEnergies If It Doesn't Exit Russia

NGOs Threaten To Sue TotalEnergies If It Doesn't Exit Russia

Mar 15, 2022 at 11:25 | Irina Slav

Greenpeace France and the local chapter of Friends of the Earth have threatened TotalEnergies with a lawsuit if the supermajor does not pull out from Russia, Reuters has reported,…

Mexico Can’t Quit Oil Until It Kickstarts Its Lithium Industry

Mexico Can’t Quit Oil Until It Kickstarts Its Lithium Industry

Mar 15, 2022 at 10:34 | Charles Kennedy

Mexico cannot give up oil until it kickstarts its lithium production, President Andres Manuel Lopez Obrador told media this week, referring to planned reforms that include the nationalization of lithium…

Japan Discusses High Oil Prices With The UAE

Japan Discusses High Oil Prices With The UAE

Mar 15, 2022 at 09:18 | Tsvetana Paraskova

Japan, a major importer of energy products, and the United Arab Emirates (UAE), one of OPEC's top producers, have agreed to cooperate in stabilizing the crude oil market, Japanese Prime…

EIA: U.S. Shale Production Set For Big Jump In April

EIA: U.S. Shale Production Set For Big Jump In April

Mar 14, 2022 at 15:32 | Julianne Geiger

U.S. shale oil production in the seven most prolific shale basins are set for their biggest rise since March of 2020, according to new EIA data. The Energy Information’s Drilling…

Major U.S. Oil Firms Set To Put Climate Resolutions To Shareholder Votes

Major U.S. Oil Firms Set To Put Climate Resolutions To Shareholder Votes

Mar 14, 2022 at 15:12 | Charles Kennedy

Some of the largest U.S. oil companies—including ExxonMobil, Chevron, ConocoPhillips, and Phillips—are expected to put to shareholder votes climate resolutions to meet targets for emissions reductions aligned with the Paris…

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