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Will Crude Hit $120 Again?

Will Crude Hit $120 Again?

A number of bullish factors…

The Bears Are Back In Metals Markets

The Bears Are Back In Metals Markets

China’s zero-COVID ambitions are weighing…

News

The End of the Petrodollar?

The End of the Petrodollar?

Oct 09, 2012 at 17:13 | Editorial Dept

Say you’re an up-and-coming superpower wannabe with dreams of dominating your neighbours and intimidating everyone else. Your ambition is understandable; rising nations always join the “great game”, both for their…

UK Could Face Blackouts by 2015 due to Phase out of Coal-Fired Power Plants

UK Could Face Blackouts by 2015 due to Phase out of Coal-Fired Power Plants

Oct 08, 2012 at 17:20 | James Burgess

In a new report, Ofgem, the UK energy regulator, has warned that in as little as three years time the nation could start experiencing black outs and higher energy bills…

Chavez Celebrates Another Comfortable Election Victory

Chavez Celebrates Another Comfortable Election Victory

Oct 08, 2012 at 17:19 | James Burgess

Hugo Chavez, the president of Venezuela, has just celebrated another comfortable election victory which will cement his status as one of the dominant figures in modern Latin American history.

UK Shale Gas Industry to Receive Boost from Generous New Tax Regime

UK Shale Gas Industry to Receive Boost from Generous New Tax Regime

Oct 08, 2012 at 17:17 | Joao Peixe

In his latest speech, which he gave to his party in a conference on Monday, George Osborne, the Chancellor of the Exchequer, gave hope to the UK shale gas industry.

Saudi Aramco Doubles Supply of Crude to Gulf of Mexico

Saudi Aramco Doubles Supply of Crude to Gulf of Mexico

Oct 08, 2012 at 17:16 | Charles Kennedy

Saudi Arabian Oil Company (Saudi Aramco) has chartered another four very large crude tankers to carry oil to the Gulf of Mexico in October. So far this year the oil…

Romney's False Claims about Obama's Green-Tech Spending

Romney's False Claims about Obama's Green-Tech Spending

Oct 05, 2012 at 17:23 | Charles Kennedy

In the closing minutes of the presidential debate, Mitt Romney told Obama, “you put $90 billion into — into green jobs. And I — look, I’m all in favor of…

Japan may Restart Nuclear Reactors if Nuclear Watchdog Deems them Safe

Japan may Restart Nuclear Reactors if Nuclear Watchdog Deems them Safe

Oct 05, 2012 at 17:22 | James Burgess

Following the earthquake and tsunamis that hit the Fukushima Daiichi nuclear power plant last year, Japan’s entire fleet of 50 nuclear power plants were shut down.Two reactors were…

Iran Avoids Sanctions by Using State-Owned Tanker to Export Oil

Iran Avoids Sanctions by Using State-Owned Tanker to Export Oil

Oct 05, 2012 at 17:21 | Joao Peixe

The sanctions against Iran, which prevent any institution from trading with the country, mean that maritime insurers in London are unable to cover any tanker that is working with Iranian…

Meat becomes a Luxury Good in Iran as Inflation continues

Meat becomes a Luxury Good in Iran as Inflation continues

Oct 05, 2012 at 17:20 | Joao Peixe

Economic sanctions against Iran are really beginning to bite now. Hyperinflation has struck its currency, causing the rial to lose more than half its value against the dollar in the…

Hyperinflation Hits Iran: The Sanctions are Working

Hyperinflation Hits Iran: The Sanctions are Working

Oct 05, 2012 at 17:19 | Editorial Dept

The oil embargo against Iran has worked, assuming one defines "work" as a destruction of the Iranian rial which has fallen 33% in a week, 57% in three months and…

Giant Natural Gas Pipeline in Alaska Could Cost $65 Billion

Giant Natural Gas Pipeline in Alaska Could Cost $65 Billion

Oct 04, 2012 at 17:22 | Joao Peixe

Back in January the Governor of Alaska, Sean Parnell, set a deadline for the three energy giants who are developing a project to build a massive pipeline to transport natural…

Saudi Arabia May Increase the Price of Crude Oil Exported to Asia

Saudi Arabia May Increase the Price of Crude Oil Exported to Asia

Oct 04, 2012 at 17:19 | Joao Peixe

Reuters believes that Saudi Arabia, the world’s largest exporter of crude oil, will increase its selling prices to Asia during the month of November.The seasonal winter demand, as…

Turkish Parliament Approve Military Action Against Syria

Turkish Parliament Approve Military Action Against Syria

Oct 04, 2012 at 17:17 | Charles Kennedy

Yesterday, in the Turkish town of Akcakale, a shell fired across the nearby border with Syria hit a house, killing two women and three children.The killings highlight the…

Saudi Arabia to Build $640 Million Solar Power Plant in City of Makkah

Saudi Arabia to Build $640 Million Solar Power Plant in City of Makkah

Oct 04, 2012 at 17:16 | James Burgess

Last month Citigroup released a report that Saudi Arabia, the world’s largest exporter of crude oil, could actually become a net importer by 2030 if its domestic consumption continues to…

Technological Developments Enable Vestas to Increase Turbine Size to 8MW

Technological Developments Enable Vestas to Increase Turbine Size to 8MW

Oct 04, 2012 at 17:15 | James Burgess

Vestas Wind Systems has been able to increase the size of its giant V164 wind turbine due to recent technological developments that they have made.Vestas announced that the…

EPA Air Regulations Could Decimate the US Coal Power Industry

EPA Air Regulations Could Decimate the US Coal Power Industry

Oct 03, 2012 at 17:07 | Charles Kennedy

A group of economists at the Brattle Group have just released a report that studies the impact of the Environmental Protection Agency’s (EPA) air regulations on coal fired power plants.…

Obama Blocks Chinese Purchase of Wind Farms Over National Security Concerns

Obama Blocks Chinese Purchase of Wind Farms Over National Security Concerns

Oct 03, 2012 at 17:06 | James Burgess

The Chinese-owned company Ralls Corp. yesterday announced its intentions to sue Barack Obama for his decision, last week, to block the company’s purchase of four small wind projects in Oregon.…

British Nuclear Power Project Left Vulnerable after Bid is Withdrawn

British Nuclear Power Project Left Vulnerable after Bid is Withdrawn

Oct 03, 2012 at 17:04 | Joao Peixe

Back in March the German utility companies E.ON and RWE scrapped their plans to develop two new nuclear reactors in the UK, one at Wylfa in Wales and the other…

Latest Cyber-Attack Disrupts Iran's Internet Access

Latest Cyber-Attack Disrupts Iran's Internet Access

Oct 03, 2012 at 17:03 | Charles Kennedy

Iran has been the target of a number of cyber-attacks this year, and even though it increased the level of its cyber security following the Stuxnet virus in 2010, which…

Iraq to Invest $500 Billion in Energy Sector

Iraq to Invest $500 Billion in Energy Sector

Oct 02, 2012 at 17:04 | Charles Kennedy

At a recent conference, Iraq’s Deputy Prime Minister for Energy, Dr. Hussain al-Shahristani, announced that his government plans to invest around $500 billion in the energy sector and linked industries…

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