The latest attempt by Saudi Arabia to kill off the threat from US shale oil has sent oil prices slumping to their lowest level since the depths of the global recession seven years ago. [The Guardian] New congressional legislation to empower nuclear energy through R&D infrastructure in a way that benefits private sector investment into advanced… Keep reading →
A new Israeli diplomatic office in the UAE is a rare public indication of a broader trend. Last week, the United Arab Emirates gave Israel formal permission to establish a diplomatic office in Abu Dhabi under the auspices of the International Renewable Energy Agency (IRENA), a multilateral body with 144 member states. Although officials from… Keep reading →
To reap the benefits and avert the dangers of Moscow’s latest developments with Iran, Washington and Europe should adopt a strategy that allows them to cooperate on Syria and antiterrorism efforts, while continuing pressure on issues such as the Ukraine conflict and S-300 deliveries to Tehran. On November 23, Russian president Vladimir Putin opens a… Keep reading →
OPEC has maintained its forecasts for oil demand growth and supply in its latest report, a precursor to its highly-anticipated meeting in December. [CNBC] Vacuum cleaner manufacturer Dyson has lost its bid to change European energy labeling laws. [BBC News] Coal from Adani’s proposed $16bn Carmichael project will create annual emissions similar to those from… Keep reading →
On stage only a short time after the United Arab Emirates said it would increase its oil production despite low worldwide prices, the oil and gas minister of neighboring Oman offered a different opinion. [US News] Thousands gathered across Israel in protest to speak out against PM Benjamin Netanyahu’s natural gas deal with US energy… Keep reading →
The last couple of years have been extremely volatile for oil, and despite the price jumping from the mid $40s to $60 a barrel in Q2, the value collapsed to $50 at the beginning of Q3. At one point, oil fell below $40</a>, according to the price index on Nasdaq, encouraging key Middle Eastern players… Keep reading →
The impending end to the four-decade long Crude Oil Export Ban took on another layer of inevitability last week when the proposal passed through the House’s Energy and Commerce subcommittee on energy and power. These significant victories for supporters of lifting the ban bring the vote closer to the House floor where it will presumably… Keep reading →
The decline in the price of oil could force the U.S. and other non-OPEC producers to make their deepest output cuts since the early 1990s, according to the International Energy Agency. [WSJ] The privatization of Zambia’s mines has created an energy crisis, producing regular power cuts and inadequate funds for new power stations. [The Guardian] Researchers… Keep reading →
BP has reported a $5.8 billion loss in the second quarter, mostly from the costly settlement over the 2010 Gulf of Mexico oil spill. [The NY Times] The Senate Energy and Natural Resources Committee began its debate over the broad bipartisan energy bill, with potential conflicts already emerging. [The Hill] The UAE will raise gasoline prices… Keep reading →
OPEC have pledged to stay the course following a meeting at their headquarters in Vienna on Firday — maintaining with a targeted production level of 30 million barrels per day. “The news was, frankly, just as broadly expected — thanks to the reasonably successful fruits of what has been widely described as a strategy to hold on to market share. “There’s… Keep reading →
