Energy News Beat Publishers Note (ENB): Sanctions don’t work against Iran. They have made the United States insignificant to their cash flow for years. With the Obama/Biden Iran Nuclear Deal they did not stop enriching […]
Saudi Aramco plans to have 550,000 barrels per day (bpd) more in oil production capacity by 2025 when the expansion projects on two major oilfields are complete, Saudi Arabia’s state-owned oil giant said on Sunday. Aramco, which […]
Oil fell after four monthly gains as data signaled a slowdown in China and investors monitored the spread of the delta coronavirus variant. West Texas Intermediate slipped 0.6%, after climbing 2.6% last week. China’s economic […]
Every year and following the publication of the BP Statistical Review, Rystad Energy releases its own assessment to provide an independent, solid and clear comparison of how the world’s energy landscape changed last year. Our […]
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 […]
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 […]
The Boeing 767 banked over the Red Sea, turning east into Saudi Arabia. A commercial version of the plane can carry about 260 passengers. Inside this one, Saudi Energy Minister Prince Abdulaziz bin Salman and […]
Well, we are in historic times with pandemics, countries printing money, and inflation. If that does not make your head hurt, commodities pricing will. The important deal with OPEC + and the UAE is an […]
The world needs the OPEC+ group to open the taps further to balance the oil market in the coming months, on that everyone agrees. But there’s less unanimity on just how much more crude they will have to […]
OPEC+ was plunged into crisis as a worsening fight between Saudi Arabia and the United Arab Emirates blocked an oil-supply increase. What happens next will determine whether the breakdown of talks — which sent crude […]
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