Oil buyers in Asia are increasingly wary that Iraq’s entanglement in the worsening dispute between the U.S. and Iran could disrupt shipments from one of their key Middle East suppliers.
Read More »Tesla Record Pushes Norway’s Share of Electric Car Sales to 42%
Electric cars’ share of new registrations in Norway surged to a record in 2019. helped by Tesla Inc.’s best year ever in the Nordic country.
Read More »Goldman Says Oil Rally Likely Shortlived Unless Supply Disrupted
A flare-up in U.S.-Iran tension may be keeping oil elevated. but an actual disruption to global crude supplies is needed to keep prices at current levels.
Read More »Iran-Driven Oil Rally is a Boon to Troubled U.S. Producer
The U.S. airstrike that killed a powerful Iranian general and heightened tensions in the oil-rich region could boost the fortunes of troubled North American energy companies.
Read More »Mexico Hedges 2020 Crude Oil Exports at $49 Per Barrel
Mexico’s government hedged oil exports for this year at an average $49 a barrel. locking in protection against low crude prices.
Read More »OPEC Output Falls as Gulf Nations Step Up Delivery of Oil Cuts
OPEC’s output declined last month as several Persian Gulf producers stepped up their implementation of cutbacks aimed at balancing global oil markets.
Read More »Oil Caps Strongest Year Since 2016 on OPEC Cuts. Trade Truce
Oil in New York capped its biggest annual increase since 2016. as OPEC’s production cuts tempered supplies while a trade pact between the U.S. and China.
Read More »Russia Awaits Venezuela Power Shuffle Before Sending Advisers
Russia is waiting for Venezuela’s opposition leader to leave office before despatching economic advisers to help its ally.
Read More »Chinese Solar Company to Spend $947 Million Building Two Plants
JA Solar Technology Co. plans to invest 6.6 billion yuan ($947 million) to build two photovoltaic manufacturing plants in China’s eastern province of Zhejiang.
Read More »Russia Eyes Global Gas Dominance
Nord Stream 2 is the latest project in Putin’s plan for energy and geopolitical dominance in the world.
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