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Breaking News:

Former Pioneer CEO Faces Antitrust Probe

China-Kazakhstan Trade Hits Record High

China-Kazakhstan Trade Hits Record High

Kazakhstan is experiencing a surge…

Lithium Faces Challenge From Sodium Batteries

Lithium Faces Challenge From Sodium Batteries

Lithium-ion has been the dominant…

News

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…

Texas May Lack Authority To Enforce Ban On Natural Gas Exports

Texas May Lack Authority To Enforce Ban On Natural Gas Exports

Feb 19, 2021 at 14:46 | Charles Kennedy

The Texas Railroad Commission may not have the authority to enforce the Texas Governor’s mandate to ban natural gas exports out of the state as it would interfere with corporate…

Some Of Texas' Biggest Refineries Could Take Weeks To Restart

Some Of Texas' Biggest Refineries Could Take Weeks To Restart

Feb 19, 2021 at 14:35 | Charles Kennedy

Some of the largest oil refineries in Texas could take weeks to restart as they would need to repair the damages from the big Texas freeze, Bloomberg reports, citing…

ERCOT Declares

ERCOT Declares "End" To Texas "Emergency Conditions"

Feb 19, 2021 at 11:29 | ZeroHedge

Texas power grid operator "ERCOT" officials lift emergency conditions today. They said, "we have left the last stage of emergency operations - so we're completely back to normal…

Pemex’s Oil Production Increase Is More Illusion Than Reality

Pemex’s Oil Production Increase Is More Illusion Than Reality

Feb 19, 2021 at 10:35 | Irina Slav

Mexico’s Pemex reported its oil production grew last year, for the first time in fifteen years. However, there’s a big catch—the increase was only a result of how the company…

Mexican President Urges Population To Conserve Energy Amid Power Shortage

Mexican President Urges Population To Conserve Energy Amid Power Shortage

Feb 19, 2021 at 09:28 | Irina Slav

Mexico’s President Andres Manuel Lopez Obrador has urged people to reduce their power consumption amid a shortage caused by the Texas deep freeze that prompted the state to restrict natural…

Ford To Go All-Electric In Europe By 2030

Ford To Go All-Electric In Europe By 2030

Feb 19, 2021 at 09:03 | Charles Kennedy

Ford Motor Company became the latest automaker to target an all-electric lineup, saying on Wednesday that it would move to all-electric passenger vehicles in Europe by 2030. “Ford today is…

Mexico Overhauls Its Huge Oil Hedge

Mexico Overhauls Its Huge Oil Hedge

Feb 18, 2021 at 17:54 | Julianne Geiger

Mexico’s billion-dollar oil hedge to protect next year’s revenues against oil price volatility is getting an upgrade—and the new Hacienda Hedge 2.0 is getting more than just a facelift. Instead…

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