In a bid to limit the damage inflicted by the global oil crisis and the impact of the ongoing pandemic, many companies are taking short-term risk mitigation measures to stay afloat.
Read More »US Renewable Power Generation Surpasses Coal Generation for 40 Days
In 2019, renewable generation in the US exceeded that of coal for 38 days, according to a new report.
Read More »US Withdrawal from JCPOA Leads a Security Decline in PG
Russia's Permanent Representative to the United Nations Mikhail Ulyanov said that US pullout from Iran’s nuclear deal, known as Joint Comprehensive Plan of Action [JCPOA], led to a decline of security in the Persian Gulf [PG].
Read More »Tehran, Moscow Emphasize Strengthening Bilateral, Intl. Coop.
Iranian Ambassador to Russia Kazem Jalali and Russia’s Deputy Foreign Minister Sergey Ryabkov in a telephone conversation explored the avenues for bolstering regional and international cooperation.
Read More »Trump, Saudi King Reaffirm Ties amid Tensions over Saudi’s Oil Output
U.S. President Donald Trump and Saudi Arabia’s King Salman spoke by phone on May 8 and “reaffirmed the strong United States-Saudi defense partnership,” the White House said, amid tensions over Saudi’s oil output. The conversation came a day after a variety of reports said the U.S. plans to withdraw two …
Read More »US Extends Iraq’s Sanctions Waiver to Import Electricity from Iran
US Secretary of State Mike Pompeo announcediran that Iraq’s sanctions waiver for importing electricity from the Islamic Republic of Iran will continue for another four months.
Read More »LNG Buyers Cancel Cargoes as US Natgas Becomes Most Expensive in World
U.S. natural gas prices topped benchmarks in both Europe and Asia for the first time ever this week, giving buyers of U.S. LNG another reason to cancel cargoes. Front-month gas futures for June delivery at the Henry Hub benchmark in Louisiana settled over both the Japan/Korea Marker (JKM) and the …
Read More »U.S. to Renew Waiver for Iraq to Import Iranian Electricity for 120 Days: State Department
The United States will grant a 120-day waiver for Iraq to continue importing electricity from Iran to help the new Iraqi government succeed, U.S. Secretary of State Mike Pompeo told the newly installed Iraqi prime minister. “In support of the new government the United States will move forward with a …
Read More »US Energy-Related CO2 Falls 2.8% in 2019
Energy-related carbon dioxide (CO2) emissions in the US declined year-on-year by 2.8% in 2019, the country’s Energy Information Administration (EIA) said on Tuesday. The US’ energy-related CO2 emissions registered at 5,130 million metric tons (MMmt) in 2019, which was slightly below the level recorded in 2017 of 5,131 MMmt, the …
Read More »Saudi, Russia, US Share Fight Intensifies in Oil Market
The world’s three biggest oil-producing countries, Saudi Arabia, Russia and the US have intensified their fight for a greater share of the global oil market as sluggish oil demand worldwide continues with low crude prices. Due to the novel coronavirus (COVID-19), oil consumption around the world has weakened over the …
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