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Who’s To Blame For The Expensive Energy Bills In Texas?

Who’s To Blame For The Expensive Energy Bills In Texas?

Texas’ deregulated independent system operator…

Australia Boosts LNG Spending To Compete With Qatar

Australia Boosts LNG Spending To Compete With Qatar

Australia’s LNG operators are set…

News

Exxon Sells UK North Sea Oil, Gas Assets For Over $1 Billion

Exxon Sells UK North Sea Oil, Gas Assets For Over $1 Billion

Feb 24, 2021 at 14:36 | Charles Kennedy

ExxonMobil will sell most of its non-operated assets in the UK’s central and northern North Sea to private equity fund HitecVision for more than $1 billion, the U.S. supermajor

Iran And Venezuela Swap Jet Fuel And Gasoline Cargoes

Iran And Venezuela Swap Jet Fuel And Gasoline Cargoes

Feb 24, 2021 at 13:42 | Charles Kennedy

Venezuela and Iran, both sanctioned by the United States, have found a way to help each other as shipping companies stay away from dealings with the two oil-producing countries for…

EV Maker Fisker Sees Share Price Explode As It Partners With Foxconn

EV Maker Fisker Sees Share Price Explode As It Partners With Foxconn

Feb 24, 2021 at 11:28 | ZeroHedge

Electric-car maker Fisker entered into a memorandum of understanding with Foxconn Technology Group, the world's biggest electronics manufacturer, to build electric vehicles as soon as the fourth quarter of 2023. It…

Musk: SpaceX Will Transform Disused Oil Rigs Into Launch Pads

Musk: SpaceX Will Transform Disused Oil Rigs Into Launch Pads

Feb 24, 2021 at 09:24 | Charles Kennedy

SpaceX will transform disused oil rigs into floating launch sites for its Starship craft expected to transport crew and cargo on missions to the Moon, Mars, and beyond, Elon Musk…

Canadian Oil-by-Rail Exports To U.S. Keep Rising

Canadian Oil-by-Rail Exports To U.S. Keep Rising

Feb 24, 2021 at 09:20 | Irina Slav

Crude oil exports from Canada to the United States are increasingly being shipped by rail due to the now chronic shortage of pipeline capacity that is only going to become…

Oil Prices Slip On Surprise Inventory Build

Oil Prices Slip On Surprise Inventory Build

Feb 23, 2021 at 15:59 | Julianne Geiger

The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 1.026 million barrels for the week ending February 19. Analysts had predicted an inventory draw…

Iran To Receive $1 Billion In Oil Funds Previously Blocked By Sanctions

Iran To Receive $1 Billion In Oil Funds Previously Blocked By Sanctions

Feb 23, 2021 at 14:50 | Michael Kern

Iran said on Tuesday that South Korea had started to release the first US$1 billion of the US$7 billion Iranian oil funds blocked in Korean banks because of the U.S.…

The Most Important Pipeline You’ve Never Heard Of

The Most Important Pipeline You’ve Never Heard Of

Feb 23, 2021 at 14:40 | Global Risk Insights

“[With] the Balkan Stream project, Bulgaria will become a regional strategic gas distribution centre and will guarantee the diversification of gas supply” — Boyko

Iran Under Fire For Undeclared Nuclear Materials

Iran Under Fire For Undeclared Nuclear Materials

Feb 23, 2021 at 14:31 | RFE/RL staff

The UN nuclear watchdog said on February 23 that it is "deeply concerned" that Iran secretly kept "undeclared nuclear material" at an "undeclared location" as the agency warned…

A New Commodities Supercycle Is Looming

A New Commodities Supercycle Is Looming

Feb 23, 2021 at 12:55 | City A.M

Bankers at Goldman Sachs were the first off the line, declaring that the Covid-19 had created the right structural conditions for the same kind of multi-year price growth last seen…

Nevada Overtakes Australia To Become World’s Top Mining Destination

Nevada Overtakes Australia To Become World’s Top Mining Destination

Feb 23, 2021 at 12:50 | MINING.com

The US state of Nevada is the new most attractive region for mining investors, replacing iron ore-rich Western Australia in the 2020 survey of resource and exploration companies…

Saudi Arabia’s Longest-Serving Oil Minister Dies At 90

Saudi Arabia’s Longest-Serving Oil Minister Dies At 90

Feb 23, 2021 at 12:50 | Julianne Geiger

The driving force of the 1973 oil embargo, Sheikh Ahmed Zaki Yamani, has died at age 90. Yamani served as Saudi Arabia's Oil Minister from 1962 until 1986, when he…

Luxury Tesla Competitor Ready To Go Public Following $11 Billion Deal

Luxury Tesla Competitor Ready To Go Public Following $11 Billion Deal

Feb 23, 2021 at 11:28 | Irina Slav

Lucid Motors, an EV maker targeting the luxury segment, will merge with a special-purpose acquisition company to go public in a deal worth $11.75 billion, valuing the company at $24…

Battery Start-up To Build Gigafactory In Norway

Battery Start-up To Build Gigafactory In Norway

Feb 23, 2021 at 10:10 | Charles Kennedy

Morrow Batteries, founded in Norway last year, is taking the first steps to building a gigafactory in Norway with plans to start construction of the industrialization center for battery technology…

Petrobras CEO Ousting Triggers $13B Stock Loss

Petrobras CEO Ousting Triggers $13B Stock Loss

Feb 23, 2021 at 09:24 | Irina Slav

The decision of Brazil's president Jair Bolsonaro to replace the chief executive of oil major Petrobras triggered investor panic and a selloff that led to a slump in the company's…

Saudi Arabia And Russia Are Headed For Another Clash On OPEC+ Oil Cuts

Saudi Arabia And Russia Are Headed For Another Clash On OPEC+ Oil Cuts

Feb 22, 2021 at 16:34 | Tsvetana Paraskova

The leaders of the OPEC+ alliance, Saudi Arabia and Russia, are reportedly once again at odds over oil supply management ahead of another crucial meeting of the group next week.…

India’s Oil Imports From North America Break Another Record

India’s Oil Imports From North America Break Another Record

Feb 22, 2021 at 14:47 | Charles Kennedy

The United States and Canada accounted for 11 percent of India’s crude oil imports in January—a record-high share of North American crude for the world’s third-largest oil importer, Reuters

Tesla’s Cheapest Model Y Is No Longer Available

Tesla’s Cheapest Model Y Is No Longer Available

Feb 22, 2021 at 12:44 | Charles Kennedy

Tesla has removed the cheapest version of its Model Y from its website and configurator, weeks after launching the ‘Standard Range’ and days after reducing the price of the…

Iraq Pauses Massive Prepaid Oil Deal With China As Prices Soar

Iraq Pauses Massive Prepaid Oil Deal With China As Prices Soar

Feb 22, 2021 at 10:40 | Charles Kennedy

Iraq has put on hold an oil supply deal with a Chinese company that featured an advance payment of several billion dollars as higher oil prices make the deal less…

Brazil President Ousts Petrobras CEO

Brazil President Ousts Petrobras CEO

Feb 22, 2021 at 09:03 | Irina Slav

The President of Brazil, Jair Bolsonaro, ousted Petrobras chief executive Roberto Castello Blanco, replacing him with former Defense Minister Joaquim Silva e Luna. The move follows a spat between…

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