Saudi Arabia’s Red Sea crude terminals have taken on critical importance since tensions with Iran have threatened the key Gulf shipping lane through the Strait of Hormuz over the past few years. Serving those ports […]
ENB Publishers Note: CL briefly passes $53 before diving before settled below after European open drives price action down. Bull still fully in control. ______ Singapore — 0236 GMT: Crude oil futures were rangebound during the […]
ANKARA, Turkey (AP) — Turkey and Greece will resume talks aimed at reducing tensions between the neighbors on Jan. 25, Turkish and Greek officials announced Monday, following this summer’s dispute over maritime borders and energy […]
Iran’s oil revenues have halved since the U.S. imposed sanctions on the Islamic Republic in 2018, Turkish news agency Anadolu reported, citing an Instagram post of the governor of the Iranian Central Bank, Abdolnaser Hemmati. According […]
Stocks fall to begin the week amid some pullback in valuations (yes I laughed when I wrote this). Tesla shares were off by 5.8%. Bitcoin, which has been a symbol of speculation in the financial […]
(Reuters) – Brent oil prices could rise to $65 per barrel by summer 2021, Goldman Sachs said on Monday, driven by output cuts in Saudi Arabia and the implications of a shift in power to […]
DENVER, Jan. 11, 2021 /PRNewswire/ — Antero Resources Corporation (NYSE: AR) (“Antero Resources”) announced today that, subject to market conditions, it intends to offer $500 million in aggregate principal amount of senior unsecured notes due 2029 (the “Notes”) in a private placement to eligible […]
Exxon Mobil (NYSE:XOM) was upgraded by Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued on Monday, Briefing.com reports. The brokerage presently has a $57.00 price objective on the oil and […]
Iran said it remains some way off resolving a diplomatic dispute with South Korea, which moved up a notch after the seizure of a South Korean-flagged chemical tanker by the Islamic Revolutionary Guards (IRGC) navy […]
According to the U.S. Energy Information Administration’s (EIA) latest inventory of electricity generators, developers and power plant owners plan for 39.7 gigawatts (GW) of new electricity generating capacity to start commercial operation in 2021. Solar will […]
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