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Oil Markets Hopeful As OPEC+ Meeting Looms

Oil Markets Hopeful As OPEC+ Meeting Looms

Oil prices are set for…

Why Gold Prices Could Be Set For Another Rally

Why Gold Prices Could Be Set For Another Rally

Gold has had a particularly…

Century Old Space Science Revives Solar Power Dream

Century Old Space Science Revives Solar Power Dream

A highly disruptive century old…

News

Renewables Are Gaining Ground In New York

Renewables Are Gaining Ground In New York

Nov 23, 2020 at 11:31 | Tsvetana Paraskova

The state of New York generated the largest amount of renewable electricity generation of any U.S. state east of the Mississippi last year, with renewable energy sources, including…

Is This The Beginning Of The End For The Iran Nuclear Deal?

Is This The Beginning Of The End For The Iran Nuclear Deal?

Nov 23, 2020 at 10:38 | RFE/RL staff

The German government says the foreign ministers of Britain, France, and Germany are meeting in Berlin on November 23 for talks focusing on the 2015 nuclear deal with…

Qatar Energy Exports Crash By 39%

Qatar Energy Exports Crash By 39%

Nov 23, 2020 at 10:27 | Tsvetana Paraskova

Qatar’s total exports dropped by 35.5 percent year over year in the third quarter, dragged down by a 38.5-percent slump in exports of energy commodities and products, one…

Libya's Oil Company Clashes With Central Bank Over Earnings

Libya's Oil Company Clashes With Central Bank Over Earnings

Nov 23, 2020 at 09:50 | Michael Kern

Libya’s National Oil Corporation (NOC) will not be transferring the revenues from crude oil sales to the Central Bank of Libya until the bank adopts transparent policies on…

Major Metals Producer Pivots To Renewables

Major Metals Producer Pivots To Renewables

Nov 23, 2020 at 09:49 | Tsvetana Paraskova

Australia-based iron ore giant Fortescue Metals Group Ltd plans to start producing renewable energy from wind, solar, hydrogen, and ammonia in 2022 or 2023, with an ultimate goal…

Houthis Rebels Attack Saudi Oil Facility

Houthis Rebels Attack Saudi Oil Facility

Nov 23, 2020 at 09:21 | Charles Kennedy

The Houthi rebels in Yemen said today they had fired a missile against a target in the Saudi city of Jeddah and had hit it, Reuters reports, citing their…

Renewed Lockdowns Threaten More Refinery Closures In Europe  

Renewed Lockdowns Threaten More Refinery Closures In Europe  

Nov 20, 2020 at 15:49 | Tsvetana Paraskova

More refineries in Europe are at risk of permanent closures, with fuel demand on the continent falling again as major economies re-imposed lockdowns to fight the spike in…

The EV Revolution Is Threatening Long-Term Oil Demand Growth

The EV Revolution Is Threatening Long-Term Oil Demand Growth

Nov 20, 2020 at 10:12 | Irina Slav

The growth in electric vehicle adoption, especially in emerging markets, could threaten long-term oil demand growth, Carbon Tracker has reported, citing these markets’ dependency on imports that could be…

China Looks To Buy Stake In A Major Iraqi Oilfield

China Looks To Buy Stake In A Major Iraqi Oilfield

Nov 20, 2020 at 09:10 | Michael Kern

State giants China National Petroleum Corporation (CNPC) and China National Offshore Oil Corporation (CNOOC) are interested in buying ExxonMobil’s entire operating stake in one of the largest oilfields in Iraq,…

UAE Clarifies Stance On OPEC Membership

UAE Clarifies Stance On OPEC Membership

Nov 19, 2020 at 14:44 | Julianne Geiger

Anonymous UAE officials claimed earlier in the week that the country was considering breaking away from OPEC, citing the difficulties it is facing due to the stringent production cuts it…

Tesla Slammed In Consumer Reliability Report

Tesla Slammed In Consumer Reliability Report

Nov 19, 2020 at 13:23 | Tsvetana Paraskova

Despite the rise in electric vehicle (EV) sales and the growing number of their devoted fans, electric carmakers continue to experience growing pains, and their cars didn’t score very well…

UK Renewable Giant Suffers Despite Green Energy Push

UK Renewable Giant Suffers Despite Green Energy Push

Nov 19, 2020 at 13:12 | City A.M

Energy giant SSE today said that profit before tax had fallen a quarter in the first half of the year due to the coronavirus pandemic. The FTSE 100 company said…

The EV Boom Is Sending Battery Metals Into The Stratosphere

The EV Boom Is Sending Battery Metals Into The Stratosphere

Nov 19, 2020 at 12:42 | MINING.com

The MINING.COM EV Metal Index, which tracks the value of battery metals in newly…

Goldman Sets $2,300 Price Target For Gold In 2021

Goldman Sets $2,300 Price Target For Gold In 2021

Nov 19, 2020 at 11:50 | MINING.com

Gold prices are expected to break out of the current narrow trading range and soar through 2021 as the coronavirus recession gives way to higher inflation,

China Buys Into Mexico’s Emerging Renewable Energy Sector

China Buys Into Mexico’s Emerging Renewable Energy Sector

Nov 19, 2020 at 11:29 | Tsvetana Paraskova

A Chinese energy giant has bought the biggest independent producer of renewable energy in Mexico, giving the industry a vote of confidence even as Mexico’s authorities have moved…

A Big Week For Venezuela’s Oil Industry

A Big Week For Venezuela’s Oil Industry

Nov 19, 2020 at 10:29 | Latin America Energy Advisor

Venezuelan Officials Arrive in Russia, Seeking New Deals  Venezuela’s vice president and the head of state oil company PDVSA arrived in Russia last week on a trip aimed…

Total Bets Big On Libya’s Oil Industry

Total Bets Big On Libya’s Oil Industry

Nov 19, 2020 at 09:44 | Irina Slav

French Total plans to increase its investments in Libya’s oil industry, the National Oil Corporation said, adding it had discussed with the company raising Libya’s production to “the highest…

Oil Search Ready To Restart Alaskan Crude Production

Oil Search Ready To Restart Alaskan Crude Production

Nov 19, 2020 at 09:23 | Irina Slav

Australian Oil Search plans to make the final investment decision on the Pikka project in Alaska next year and launch production in 2025, chief executive Keiran Wulff told investors…

Oil Crash Continues To Claim Bankruptcy Victims In U.S. Shale Patch

Oil Crash Continues To Claim Bankruptcy Victims In U.S. Shale Patch

Nov 18, 2020 at 16:58 | Charles Kennedy

After a wave of bankruptcies in the third quarter, oil producers and oilfield services companies in the U.S. shale patch continued to file for protection from creditors at the…

OPEC+ Needs To Compensate 2.35 Million Bpd Oversupply

OPEC+ Needs To Compensate 2.35 Million Bpd Oversupply

Nov 18, 2020 at 16:56 | Tsvetana Paraskova

The OPEC+ group has overproduced as much as 2.346 million barrels per day (bpd) over their collective quota since the start of the record production cuts, a source with knowledge…

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