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Article Archive | Page 11

GM to Pay $146 Million Penalty for Emission Violations

Jul 08, 2024 at 08:01

This week, AP and WMAR Baltimore reported that GM would have to pay the government over $146 million in penalties due to 5.9 million of its older vehicles…

Will OPEC+ Ever Rein In Its Non-Compliant Members?

Jul 05, 2024 at 08:30

OPEC and the OPEC+ group have had reasons to be happy this week as Brent oil prices topped $87 per barrel.  But the most recent rise in oil is…

Bolivian President Alleges Failed ‘Coup’ Attempt All About Lithium

Jul 05, 2024 at 14:03

Last week, a significant political crisis unfolded in Bolivia after soldiers led by Army Commander General Juan José Zúñiga engulfed the Bolivian government palace using armored vehicles, calling to…

Bitcoin Bulls Eye $100,000 But Political Uncertainty Looms Large

Jul 05, 2024 at 06:04

For much of the past year, Standard Chartered's Geoffrey Kendrick has had a nice, round number in mind for his 2024 year-end price target: after (somewhat accurately) predicting…

Iran to Purchase 10 Billion Cubic Meters of Turkmen Natural Gas Annually

Jul 05, 2024 at 06:00

Turkmenistan and Iran signed a contract on July 3 for the delivery of 10 billion cubic meters of Turkmen natural gas per year, which Iran will then ship…

Public Vote on Nuclear Power Plant Sparks Debate in Kazakhstan

Jul 05, 2024 at 05:06

Kazakhstan’s power sector is at a crossroads, a point where the government wants to diversify and reduce CO2 emissions. Nuclear power is viewed as at least a partial solution to…

Has The Extreme Bear Market in Natural Gas Come to an End?

Jul 05, 2024 at 09:40

Editor's Note: This is a complimentary free numbers report for Oilprice.com readers. Global Energy Alert members receive a Numbers Report plus the latest geopolitical intelligence…

China's Economic Recovery Stumbles as Industrial Output Disappoints

Jul 05, 2024 at 04:59

Via Metal Miner Clearly, China’s economy is not yet back on the recovery track, as evidenced by the mixed bag of data for May released on…

Uzbekistan's Trade Deficit Widens Despite Increased Trade Volume

Jul 05, 2024 at 04:29

The Uzbek Statistics Agency reports that the total volume of trade increased modestly during the first five months of 2024, compared with the same period the previous year. But the…

Energy Independence: What It Means and How We Measure It

Jul 05, 2024 at 05:43

The idea of U.S. energy independence remains a hot topic, even making an appearance at the recent presidential debate. Everyone seems to have an opinion on it, even…

Inside Orban's Ceasefire Proposal and Controversial Moscow Trip

Jul 05, 2024 at 05:31

Hungarian Prime Minister Viktor Orban will travel to Moscow on July 5 to meet with Russian President Vladimir Putin, days after meeting with Ukrainian President Volodymyr Zelenskiy in…

Liberty Ostrava's Insolvency Raises Concerns for European Steel Industry

Jul 05, 2024 at 05:29

Via Metal Miner   Liberty Steel Ostrava, a steel manufacturing plant in the Czech Republic, recently entered an…

Saudi Crude Oil Exports Slump to 10-Month Low

Jul 05, 2024 at 13:20

The world’s top crude exporter, Saudi Arabia, shipped the lowest volumes of oil in June for ten months as Saudi domestic consumption grew and Russia continued to take market share…

U.S. Gas Rig Count Jumps as Oil Rig Count Remains Unchanged

Jul 05, 2024 at 12:26

The total number of active drilling rigs for oil and gas in the United States rose this week, pressing pause on a declining rig pattern, according to new data that…

Why Are Hedge Funds Buying Up Physical Cobalt?

Jul 05, 2024 at 06:08

Cautious optimism is creeping back into the cobalt metal market as hedge funds move to physical purchases of the battery metal as prices slump to seven-year lows. With…

EV Maker Polestar Struggles With Hefty Import Tariffs on Chinese-made Cars

Jul 05, 2024 at 09:48

EV manufacturer Polestar, one of several struggling names at the bottom of the EV barrel, says that new hefty EU and US import tariffs on its Chinese-made…

What Labour’s Victory Means for UK Oil and Gas

Jul 05, 2024 at 08:48

The UK’s Labour Party just scored a massive victory that could have huge implications for the country’s oil and gas sector. This will be the party’s return to power after…

Bullish Sentiment Has Taken Hold of the Oil Market

Jul 05, 2024 at 08:27

Sentiment in oil markets is undeniably bullish, with WTI and Brent on course to post yet another weekly gain.

Why U.S. Oil and Gas Production Is Slowing Down

Jul 04, 2024 at 07:03

Slowing drilling activity in the U.S. shale patch is capping oil production growth while natural gas output is down from year-ago levels amid above-average inventories and unsustainably low prices earlier…

Strong Fundamentals Suggest Oil Prices Will Continue to Climb

Jul 04, 2024 at 06:58

Crude oil prices look set to climb higher this week and the rise could extend into the coming weeks as well, analysts are predicting. The question on everyone’s minds: how…

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