A 40-year-old law that’s been key to the growth of renewable energy in the US may be due for an overhaul. Much has changed since the Public Utility Regulatory Policies Act, called…
Gold and oil looking for a floor while gas prices spike
The commodity sector remains on the defensive with rising supply hurting a diversified group of raw materials from crude oil to grains. Growth concerns in the world’s two biggest economies into 2019…
Oil’s Rapid Run of Declines Kicks Up Pressure as OPEC Gathers
It’s all eyes on OPEC as U.S. oil prices fell for 10 consecutive days, wiping out any gains for the year. Futures in New York slid 0.8 percent to settle at $60.19…
A radically realistic climate vision
By Barbara UnmüBig/Berlin According to the latest report by the Intergovernmental Panel on Climate Change, the world’s main scientific authority on global warming, keeping global temperatures from rising more than 1.5°C above…
US-based LNG firm Excelerate Energy opens office in Doha
US-based LNG company Excelerate Energy L.P. marked the opening of its new office in Doha with a celebration at the Four Seasons yesterday. The Woodlands, Texas-based Excelerate Energy is a market leader…
Oil market on alert as Iran sanctions hit
LONDON: US sanctions against importers of Iranian oil threaten the crude oil market’s precarious balance and risk surging prices, all under Saudi Arabia’s watchful gaze, according to experts. “In the next weeks…
Oil tanks while US midterm theatre reaches financial markets
By Ole Hansen Global stock markets bounced and the dollar weakened following comments from President Trump that trade discussions with China were “moving along nicely” and after he supposedly, and later denied,…
Shell accelerates share buybacks as profits soar
Royal Dutch Shell’s profits soared to a four-year high in the third quarter, boosted by rising oil and gas prices as the company accelerated its giant $25bn share buyback programme. Although the…
Oil prices decline as wave of supply meets global economic gloom
NEW YORK (Reuters) – Oil fell nearly 3 percent on Thursday, with U.S. crude futures hitting lows not seen since April, due to growing concerns that global demand is weakening at a…
‘US oil could add one Saudi in next 10 years’
US oil could add the equivalent of Saudi Arabia’s total production over the next 10 years if a favourable price environment persists, according to a report by Rystad Energy quoted by Bloomberg….