Iraq announced two deals with countries that Iran hopes can be gradually moved further into its sphere of influence. One of the two, Lebanon, is already seen by Tehran as a key player in the […]
Mixed data out as traders weigh new stimulus versus jobless claims increase. The Dow Jones Industrial Average gained 11 points, led by Boeing, Chevron and Intel, while the S&P 500 rose 0.2%. S&P 500: 16% […]
Southern California is again facing the threat of wildfires, with high winds forecast to rake the parched region into next week. The dry and windy conditions prompted utility Southern California Edison to warn nearly 25,000 Los Angeles-area […]
The Bank of England told banks and businesses to start assessing the risks they face from climate change immediately, and brace to pay much more for polluting. The regulator’s warning to businesses is a clear sign that […]
Summary Working gas in storage was 3,196 Bcf as of Friday, January 8, 2021, according to EIA estimates. This represents a net decrease of 134 Bcf from the previous week. Stocks were 126 Bcf higher […]
What options does a nation have when its future depends on another country’s decisions about a resource the other country controls? That’s what Egypt has to figure out. Ethiopia’s decision to build a dam on […]
Ovintiv dramatically underperforms peers and the energy sector Total Shareholder Return of (84.8%) since the current CEO joined in 2013; net debt increased 53% and $12.7B in impairment charges were recorded; CEO awarded over $75M […]
The island nation of Palau says a tanker that recently loaded Venezuelan crude was using a false signal to disguise its identity, potentially putting the Pacific country in the crosshairs of U.S. sanctions. Palau is […]
Goldman Sachs has flipped on their bearish natural gas stance to a bullish one. Goldman’s Samantha Dart’s reasoning behind the view shift is due to a combination of factors including “supply disruptions, shipping delays, and […]
Siemens Gamesa and Siemens Energy have announced a major investment in R&D on an offshore wind-powered green hydrogen production system. The two companies will be spending about $150 million to develop the project, making it […]
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