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HomeFossil

Fossil

Iran Oil Exports Creep Higher as Trumps Maximum Pressure Fades - Energy News Beat
Crude Oil News

Iran Oil Exports Creep Higher as Trump’s Maximum Pressure Fades

January 25, 2021 Stu Turley

With the U.S. campaign of “maximum pressure” now over, Iran’s oil customers may be growing a little bolder. Iranian crude remains subject to American sanctions and exports are still just a fraction of levels seen […]

The Zubair oil oil and gas field - Energy News Beat
Crude Oil News

Iraq to Lower Oil Production to Compensate for OPEC Breach – But will they really lower their output, or just a political stunt?

January 24, 2021 Stu Turley

Energy News Beat Publishers Note: Bloomberg has access to great data, but we are seeing from other sources that the number will be much higher. They will not be under the OPEC+ quota, but rather […]

A vicious circle: How climate change increased the need for fossil fuels and their profitability in 2021 -Energy News Beat
Fossil

A vicious circle: How climate change increased the need for fossil fuels and their profitability in 2021 – Didn’t see that one coming

January 24, 2021 Stu Turley

As the climate is changing, the Arctic is warming four times faster than global averages, causing the circumpolar Jetstream to weaken and move southwards. Consequently, freezing cold air masses – known as the Polar Vortex […]

China doubles new renewable capacity in 2020, but continues to builds thermal plants - Energy News Beat
Coal

China doubles new renewable capacity in 2020, but continues to builds thermal plants

January 23, 2021 Stu Turley

Energy News Beat Publishers Note: So as we re-join the Pairs Climate Accord, will anyone take that note that China is not on track to keep their Net Zero obligations. It is not the US […]

Has Iran Massively Underestimated Biden
Crude Oil News

Iran says oil product exports hit record high despite U.S. sanctions

January 23, 2021 Stu Turley

Iran has achieved record high exports of petroleum products despite U.S. sanctions, Oil Minister Bijan Zanganeh said in televised remarks on Friday. Zanganeh said former U.S. President Donald Trump and his secretary of state, Mike Pompeo, had “joined the dustbin […]

Tsutomu Sugimori, president of the PAJ - Energy News Beat
Electrical Generation / Utilities

Japan’s petroleum industry calls on utilities to keep using oil-fired power plants

January 22, 2021 Stu Turley

Japan’s petroleum industry called on utilities to keep using oil-fired power plants as backups after the nation’s power market faced a supply crunch amid cold weather, the head of the Petroleum Association of Japan (PAJ) […]

China Imports Oil Doctored to Skirt U.S. Sanctions on Venezuela - Energy News Beat
Crude Oil News

China Imports Oil Doctored to Skirt U.S. Sanctions on Venezuela – “Spoofing and Doping” have a new meaning

January 21, 2021 Stu Turley

It may be the oil market’s worst-kept secret: millions of barrels of Venezuelan heavy crude, embargoed by the U.S., have been surreptitiously going to China. The cat-and-mouse games that avoid detection and sanctions include ship-to-ship transfers, […]

China Snubs Washington With Big Oil Deals In South Iraq
Crude Oil News

China Snubs Washington With Big Oil Deals In South Iraq

January 21, 2021 Stu Turley

There are three major troubling factors for new U.S. President Joe Biden. In the recently agreed US$2 billion five–year prepayment oil supply deal between the Federal Government of Iraq (FGI) in Baghdad and China’s Zhenhua […]

Iranian sanctions relief under Biden could strain OPEC -Energy News Beat
Commodities

Iranian sanctions relief under Biden could strain OPEC+ ties – over 1 million b/d exports could return

January 20, 2021 Stu Turley

Dubai — A return of Iranian oil to the market if new US President Joe Biden resurrects the nuclear deal could destabilize crude prices and undermine the OPEC+ alliance, experts said at the Atlantic Council Global […]

Leviathan and Tamar fields, which sit off Israel’s Mediterranean - Energy News Beat
Fossil

Chevron eyes subsea pipelines to send Israeli gas to Egypt

January 20, 2021 Stu Turley

Chevron and other companies helping to develop Israel’s natural gas fields will invest around $235 million in pipelines to export the fuel to Egypt. The partners in the Leviathan and Tamar fields, which sit off […]

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