Saudi Arabia’s stated spare capacity is actually lower than its actual spare capacity.
Read More »Oil Prices Fall after EIA Confirms Crude Inventory Build
At 408.7 million barrels. the EIA said. crude oil inventories were below the five-year seasonal average.
Read More »US Solar Benefiting From Slump in Global PV Panel
China surprised everyone in June by announcing that it would not issue approvals for any new solar power installations this year.
Read More »Former IAEA Chief Criticize Trump`s Policy Towards Iran
The hostile actions of the United States against Iran nullified any possibility of talks between Iran and that country.
Read More »High Oil and Gas Prices Sends U.S. GDP Soaring
Not only is U.S. shale production growing. but the shale industry as a whole is expected to become profitable this year for the first time in history.
Read More »The EU. U.S. LNG Deal Won’t Work
During the Cold War. Russia built an extensive network of pipelines in Eastern Europe.
Read More »Will India Give Up Iran’s Oil?
If India does not import crude from the US. the most likely fallout will be to buy from other OPEC countries.
Read More »Crude Oil Futures Largely Stable as Markets Await Fresh Signals
US oil rig counts were up by two to 1.048 for the week ended July 27. according to Baker Hughes
Read More »US Oil Lobbies against Sanctions on Russia
Western powers imposed sanctions in 2014 after Russia’s annexation of Crimea.
Read More »Putin Invites Trump to Moscow for “Important“ Talk
Putin praised Trump for what he called ".his eagerness to meet all his promises he made to voters during his election campaign.".
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