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Turkey’s Dangerous Energy Play Is Putting The Entire Region At Risk

Turkey’s Dangerous Energy Play Is Putting The Entire Region At Risk

Turkey has continued exploration activities…

Are Investors Ignoring The Largest Financial Risk Ever?

Are Investors Ignoring The Largest Financial Risk Ever?

Financial markets haven’t priced in…

$40 Oil In Sight As OPEC+ Considers Extension

$40 Oil In Sight As OPEC+ Considers Extension

Brent oil is nearing the…

News

Iran Ready To Send More Fuel To Crisis-Stricken Venezuela

Iran Ready To Send More Fuel To Crisis-Stricken Venezuela

Jun 01, 2020 at 10:59 | RFE/RL staff

Iranian Foreign Ministry spokesman Abbas Musavi says Tehran will continue to export fuel to Venezuela if the South American country requests more supplies. Both Iran and…

World’s Top Solar Panel Producer Opens New Mega Factory

World’s Top Solar Panel Producer Opens New Mega Factory

Jun 01, 2020 at 10:14 | Tom Kool

Renewables stocks have outperformed the broader energy markets in the last couple of months and, while Covid-19 has disrupted supply chains and caused a temporary dip in solar installations, the…

Mexican Firm In Oil Swap With Venezuela Declares Bankruptcy

Mexican Firm In Oil Swap With Venezuela Declares Bankruptcy

Jun 01, 2020 at 10:12 | Irina Slav

A Mexican firm that was instrumental in an oil-for-water swap scheme with the Venezuelan government has declared bankruptcy, saying Venezuela’s President Nicolas Maduro had terminated their deal. Reuters reports Libre Abordo…

Credit Suisse: The Worst Of The Oil Collapse Has Passed

Credit Suisse: The Worst Of The Oil Collapse Has Passed

Jun 01, 2020 at 08:55 | Irina Slav

Credit Suisse will not suffer any major losses from its exposure to the oil and gas industry, the bank’s chairman Urs Rohner told Swiss broadcaster SRF as quoted by…

OPEC Compliance With Output Cuts Was Only 74% In May

OPEC Compliance With Output Cuts Was Only 74% In May

May 29, 2020 at 17:43 | Julianne Geiger

Not even a full month into OPEC’s deep production cut agreement, rumors have already surfaced that there is a difference of opinion over a possible extension of the oil production…

U.S. Regulators Probe Investor Risk Disclosure Of World’s Top Oil ETF

U.S. Regulators Probe Investor Risk Disclosure Of World’s Top Oil ETF

May 29, 2020 at 17:29 | Tsvetana Paraskova

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are investigating the most popular exchange-traded fund tracking crude oil prices, the United States Oil Fund,…

This Huge Natural Gas Company Looks To Power Operations With Solar Energy

This Huge Natural Gas Company Looks To Power Operations With Solar Energy

May 29, 2020 at 14:57 | Tsvetana Paraskova

U.S. natural gas processing and transmission firm Williams is looking to develop solar installations on land it owns close to its existing facilities in order to power its operations with…

Shareholders Vote Down Climate Resolution At French Oil Major Total

Shareholders Vote Down Climate Resolution At French Oil Major Total

May 29, 2020 at 11:10 | Tsvetana Paraskova

Most of the shareholders of Total SA voted on Friday against a resolution put forward by a group of investors demanding the French oil and gas supermajor amend its…

Musk Eyes $775 Million Payday After Hitting Valuation Milestone

Musk Eyes $775 Million Payday After Hitting Valuation Milestone

May 29, 2020 at 09:39 | Irina Slav

Elon Musk, Tesla’s CEO, has received the option to buy 1.7 million shares in the company at a price much lower than the current market price, potentially making $775 million,…

America's Oil & Gas Capital Is Turning To Renewables

America's Oil & Gas Capital Is Turning To Renewables

May 28, 2020 at 18:19 | Michael Kern

When we think of Texas, we think of Big Oil. Even more so in its largest city, Houston. Home to some of the world’s largest private energy companies,…

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