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News

OPEC+ Compliance With Oil Production Cuts Jumps To 103%

OPEC+ Compliance With Oil Production Cuts Jumps To 103%

Feb 26, 2021 at 11:29 | Tsvetana Paraskova

The OPEC+ group of producers complied at 103 percent with the oil output cuts in January, higher than the estimated compliance in December, Argus reports, citing three delegates from…

U.S. Strikes Iran-Related Targets In Syria

U.S. Strikes Iran-Related Targets In Syria

Feb 26, 2021 at 10:55 | Charles Kennedy

The United States carried out airstrikes against facilities that, according to the Pentagon, belong to Iran-backed militia in Syria, Reuters reported, noting these were limited in scope. “At President…

Renewable Energy Advocate Granholm Confirmed For Top Energy Post

Renewable Energy Advocate Granholm Confirmed For Top Energy Post

Feb 26, 2021 at 09:24 | Julianne Geiger

Renewable energy ally and fossil fuel foe Jennifer Granholm was confirmed by the U.S. Senate on Thursday to lead the Department of Energy by a 64/35 vote. ­The former Governor…

Car With Explosives Found Near Home Of India's Richest Man

Car With Explosives Found Near Home Of India's Richest Man

Feb 25, 2021 at 15:40 | Charles Kennedy

Indian police found on Thursday a car with explosives near the home of Mukesh Ambani, India’s richest man and chairman of Indian oil-to-telecoms conglomerate Reliance Industries. Reliance Industries is…

Tesla Halts Fremont Model 3 Line For Two Weeks

Tesla Halts Fremont Model 3 Line For Two Weeks

Feb 25, 2021 at 14:44 | Charles Kennedy

Tesla (NASDAQ:TSLA) is temporarily halting the Model 3 production line at its key factory in Fremont, California, for two weeks, a source with knowledge of the matter…

Air Taxi Company Joby Goes Public Through SPAC

Air Taxi Company Joby Goes Public Through SPAC

Feb 25, 2021 at 12:38 | ZeroHedge

SPACs have continued their hot run this year as the preferred way to bring companies to the public market. 144 SPACs have gone public so far this year, or an 

Bill Gates: Nuclear Power Will Be Needed For Cleaner Energy

Bill Gates: Nuclear Power Will Be Needed For Cleaner Energy

Feb 25, 2021 at 12:23 | Charles Kennedy

Nuclear power generation is necessary for the world to have cleaner energy solutions, although nuclear has yet to convince naysayers who generally associate it with Chernobyl or nuclear weapons, according…

Copper Prices Soar To 10-Year Highs

Copper Prices Soar To 10-Year Highs

Feb 25, 2021 at 10:39 | MINING.com

In early trade on Wednesday, the copper price for delivery in March was up 1.53%…

Biggest U.S. Airlines To Discuss Renewable Fuels With White House

Biggest U.S. Airlines To Discuss Renewable Fuels With White House

Feb 25, 2021 at 09:21 | Charles Kennedy

The chief executives of the biggest airlines in the United States are set to meet virtually with the White House National Climate Adviser and an economic adviser to the President…

OPEC+ Considers Production Increase At March Meeting

OPEC+ Considers Production Increase At March Meeting

Feb 24, 2021 at 17:28 | Julianne Geiger

OPEC+ will discuss the possibility of increasing its oil production levels at the next meeting, OPEC+ sources told Reuters on Wednesday. The group is set to…

BP Chief: Investors Still Question Big Oil’s Net-Zero Strategies

BP Chief: Investors Still Question Big Oil’s Net-Zero Strategies

Feb 24, 2021 at 16:48 | Tsvetana Paraskova

Investors are still getting to grips with the net-zero and green shift strategies of the major oil companies, BP’s chief executive Bernard Looney said during a virtual conference on Wednesday,…

This Spanish Renewables Giant Is Investing $182 Billion To Triple Capacity

This Spanish Renewables Giant Is Investing $182 Billion To Triple Capacity

Feb 24, 2021 at 16:21 | Tsvetana Paraskova

Spanish utility giant Iberdrola plans to invest US$182 billion (150 billion euro) to triple its renewable capacity by 2030, one of the biggest developers of renewable energy in Europe

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

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