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Home2021July

Month: July 2021

Crude Oil News

Why Iran’s current oil policies and sanctions are important to U.S. oil producers

July 26, 2021 Jay R. Young

Iran has successfully improved its relationship with China over the past several years. They are trading oil for goods and services. This has helped them get around the U.S.-led sanctions and also helped China buying […]

oil and money - King Operating
Crude Oil News

Oil edges up on forecasts for tight supplies

July 25, 2021 Stu Turley

Oil prices edged higher on Friday and for the week after a strong recovery from Monday’s steep slide, underpinned by expectations that supply will remain tight through the year. The price of oil and other […]

Crude Oil News

Saudi-UAE Split Won’t End Until the World Goes Green -Opinion

July 25, 2021 Stu Turley

The friction between Saudi Arabia and the United Arab Emirates that had held oil markets hostage finally ended last week, with an announcement that the Emirati quota from which production cuts are calculated will be […]

Cyber Warfare

Middle East Newsletter: Aramco Becomes Latest Victim of Cyber Attacks

July 25, 2021 Stu Turley

  Cyber attacks are ramping up, and the latest victim is Saudi Aramco The world’s biggest oil producer confirmed this week that some files were leaked and hackers reportedly demanded a $50 million ransom.  The […]

Exports

US Takes LNG Export Title From Australia

July 24, 2021 Tracey Woods

By Josyana Joshua (Bloomberg) Natural gas futures soared to $4 per million British thermal units in the U.S. for the first time since December 2018 as summer heat intensified concerns about tight supplies later this year. […]

Coal

Clean Energy Producers Are Eyeing Old Coal Plants—for the Wiring

July 24, 2021 Tracey Woods

As demand for clean energy surges, would-be developers are struggling to find enough transmission lines to carry power to the people. One increasingly popular solution: retired coal plants. Much as a special-purpose acquisition company offers […]

Fossil

Platinum Giants Eye Solar Power as Green Answer to Blackouts

July 24, 2021 Stu Turley

The world’s biggest platinum miners are ramping up plans to build renewable energy plants to free them from power outages that have plagued South Africa for more than a decade and to reduce their carbon […]

Coal

Hyundai Unit Will Complete Final Projects Before Quitting Coal

July 24, 2021 Stu Turley

The construction arm of Hyundai Motor Co., South Korea’s top automaker, will push ahead with a coal-fired power plant in Vietnam even as it pledges to end any new work involving the fossil fuel. Hyundai Engineering […]

Commodities

U.S. Jet Fuel Glut Is Too Big for Surging Air Travel to Drain

July 24, 2021 Stu Turley

The U.S. is swimming in so much jet fuel that even this summer’s surge in air travel can’t save the market. Air traffic in the U.S. has jumped to more than 2 million passengers a […]

Iraq cuts crude oil supplies for most Indian refiners in 2021
ENB Pub Note

Iraq Agrees to Sign Deal with Total to Execute Energy Projects

July 24, 2021 Stu Turley

ENB Publishers Note: Interesting turn by TotalEnergies to help with Iran’s gas fields. This appears to be going against sanctions that are in place. Verification will need to be used.  Iraqi cabinet granted the country’s […]

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