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Breaking News:

U.S. Gasoline Prices Ripe For Volatility

Decentralized Finance Gains Ground In The GCC

Decentralized Finance Gains Ground In The GCC

Gulf Cooperation Council (GCC) countries…


Oil Prices Inch Higher Ahead Of Fed Meeting

Jun 13, 2023 at 00:40 | Irina Slav

Crude oil prices inched up modestly in Asian morning trade today after ending trade on Monday with yet another loss, driven by demand concern. As the latest Fed meeting begins…

When Will Kurdish Oil Exports Resume?

Jun 12, 2023 at 09:26 | Shahriar Sheikhlar

Kurdistan's oil export is yet to resume through the Turkish pipeline, 75 days after it was blocked following the ICC's arbitration court's decision issued on March 23, 2023,…

Saudi Arabia Suckered Again By Russia In OPEC+’ s Output Cut

Jun 12, 2023 at 09:18 | Simon Watkins

As predicted in my article at the end of May - partly because Russian Deputy Prime Minister and key OPEC+ negotiator Alexander Novak…

Brazil Gears Up To Become Fourth Largest Oil Producer

Jun 12, 2023 at 09:16 | Matthew Smith

For nearly two decades, South America’s largest economy Brazil has been reaping a tremendous economic windfall from a massive oil boom that kicked off with the first offshore ultra deep-water…

Caltech’s Groundbreaking Space Solar Power Innovation

Jun 12, 2023 at 09:09 | Haley Zaremba

Engineers at the California Institute of Technology (Caltech) have achieved a major breakthrough in the ongoing development of space-based solar power. The university recently reported that its experimental Space…

Saudi Arabia Signs $5.6 Billion EV Deal With China

Jun 12, 2023 at 09:03 | Charles Kennedy

Saudi Arabia has signed an agreement worth $5.6 billion with China’s electric vehicle maker Human Horizons to design and manufacture EVs, the Saudi state news agency reports.   The…

Assessing Labour’s Energy Agenda: Does It Meet UK’s Needs?

Jun 12, 2023 at 08:59 | City A.M

Shadow Chancellor Rachel Reeves watered down Labour’s ambitious climate pledges last week, slashing plans to invest £28bn per year in green industry. The party’s pledged Green…

U.S. Energy Infrastructure To Get A Major Bump

Jun 12, 2023 at 08:44 | Felicity Bradstock

After years of criticism around failures in U.S. energy infrastructure, progress is finally being seen with the approval of the development of several major new transmission lines across the country.…

Iraq Gets U.S. Approval To Clear $2.76 Billion Gas Debt To Iran

Jun 12, 2023 at 08:41 | ZeroHedge

The Iran-Iraq Joint Chamber of Commerce Chairman, Yahya Al-e Eshaq, announced on June 10 that Iraq has released $2.76 billion worth of Iranian funds in gas export…

Aramco To Supply Full Crude Volumes To Asian Refiners Despite Production Cut

Jun 12, 2023 at 06:04 | Tsvetana Paraskova

Saudi Aramco, the world’s largest crude oil exporter, has assured at least five North Asian refiners they would get the full crude volumes they had asked for in July, even…

Oil Prices Under Pressure Ahead Of Fed Meeting

Jun 12, 2023 at 03:31 | Irina Slav

Crude oil prices began this week with by falling further, with West Texas Intermediate slipping below $70 in pre-noon trade in Asia. Both benchmarks shed more than 1% in…

U.S. Set To Unload Oil From Seized Iranian Tanker

Jun 12, 2023 at 01:00 | Charles Kennedy

The United States is about to start unloading crude from a tanker allegedly used to carry Iranian oil abroad, the FT has reported, noting the move would fuel the…

Russia Tells U.S. Not To Lecture Saudi Arabia On Oil

Jun 09, 2023 at 22:17 | Julianne Geiger

The United States should not tell Saudi Arabia how to manage its crude oil production, Kremlin spokesman Dmitry Peskov said on Friday. "Saudi Arabia is a sovereign state, a responsible…

Mixed Data Keeping Oil Markets On Edge

Jun 09, 2023 at 14:34 | Alex Kimani

Oil markets have become highly volatile in the current week as traders try to make sense of a mix of both bullish and bearish drivers. Oil prices rallied mid-week  after…

U.S. Drilling Activity Continues Its Slide

Jun 09, 2023 at 12:11 | Julianne Geiger

The total number of total active drilling rigs in the United States fell by 1 this week, according to new data from Baker Hughes published Friday, falling by 53 over…

Labor Shortage Threatens Energy Transition Targets

Jun 09, 2023 at 09:42 | Irina Slav

Governments in Europe, the United States, Canada, and Australia have set themselves ambitious targets for a transition to a low-carbon energy system. These targets are overwhelmingly dependent on the mining…

The Oil Market Has Shifted Into A New Cycle

Jun 09, 2023 at 09:08 | Editorial Dept

Saudi Production Cuts Provide Early Boost to Crude Oil Prices Monday began with a surge in U.S. WTI crude oil prices, driven by Saudi Arabia's announcement of an additional production…

Saudi Arabia's Oil Earnings Drop

Jun 09, 2023 at 09:06 | Editorial Dept

1. Saudi Arabia Takes One for the Team - Saudi Arabia’s decision to unilaterally cut 1…

Tensions Between The Wagner Group And Russia's Military Mount

Jun 09, 2023 at 09:05 | Editorial Dept

Energy Markets The biggest news of the week in oil markets is, of course, the newest round of OPEC+ production cuts that came out of the June 4 meeting, and…

Is The EV Charger War Over?

Jun 09, 2023 at 09:03 | Editorial Dept

"Editorial demands meant that this piece was written on Thursday, before the news of GMs move to the NACS broke. That story, however, doesn't really change things in terms of…

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