Britain’s appetite for natural gas usually declines in the summer, but this season is different with a record number of LNG tankers due to land this month. The incoming cargoes show no…
BP ‘resilient’ amid boost to pre-tax profits
Energy giant BP boosted its pre-tax earnings in the first three months of 2019, which it said showed “resilience” in a “volatile period”. Pre-tax profits were £3.6bn, more than double that of…
Cyprus ponders gas monetisation options
New natural gas discoveries offshore Cyprus have revived the possibility of the island hosting an LNG plant Cyprus is finally in a position where it can realistically start exploring a number of…
Why The IMF Is Wrong About Saudi Arabia Needing $85 Oil
Once again, the International Monetary Fund (IMF) has made outlandish and inaccurate claims that Saudi Arabia needs—absolutely NEEDS—to push the price of oil higher to fund its government. This time, the IMF…
Climate change issue may influence European Parliament election
Climate change may be a key issue influencing the outcome of the four-day European Parliament election, which begins on May 23. A recent opinion poll showed that up to 77% of potential…
Turkey gives banks $3.7bn lending boost to spur growth
Bloomberg/Istanbul Turkey’s sovereign wealth fund bolstered the capital ratios of five state-owned banks by €3.3bn ($3.7bn) in a bid to keep credit flowing in the economy. A market stability fund within the…
Putin Says Countries in OPEC+ Deal Are Abiding by Agreement
OPEC+ states including Saudi Arabia are complying with the terms of the agreement to limit oil output, Russian President Vladimir Putin said. “We have agreements within the OPEC+. We fulfill our agreements…
Exclusive: Mitsui, Saudi Aramco, Russia’s RDIF in talks to buy Arctic LNG 2 stakes – sources
MOSCOW/DUBAI (Reuters) – Japan’s Mitsui & Co Ltd (8031.T), Russian sovereign wealth fund RDIF and Saudi Aramco are in talks to buy stakes in Novatek’s (NVTK.MM) Arctic LNG 2 project, with the…
How US ending Iran waivers could affect oil markets and beyond
Six months after the U.S. rocked oil markets by letting Iranian exports continue, its decision to end sanctions waivers that allowed shipments is also set to reverberate across the globe. The U.S….
اليونان ولبنان… والإفلاس!
بدا كلام رئيس الحكومة اللبناني سعد الحريري عن تشبيه أزمة لبنان باليونان، وكأنه بمثابة الإنذار الأخير قبل السقوط. كثر تلقفوا التحذير وباشروا البحث عن عدّة الإنقاذ، فيما بقي آخرون على مشاعر “قلة الثقة”…