Oil Tanker

Plug-In 2008 Conference And Expo Highlights Latest Hybrid Electric Car

The smart grid has been slow to materialize for a combination of factors including investment challenges, but 2014 featured some important advances. “But these challenges also helped define the opportunities for companies, utilities and regulators working on building the next stage of smart grid — a “smart grid 2.0,” if you will. From building on… Keep reading →

Crude Oil Carrier Hijacked By Somali Pirates

Iran has a new oil minister – Bijan Namdar-Zanganeh – and he has an ambitious plan to bring oil output back to 2005 levels of 4.2 million barrels per day, up from 2.56 MM bbl/d now. If he can actually make it happen – a big “if” – additional supply on the market could impact prices.… Keep reading →

Many Feared Dead As Egyptian Security Forces Clear Cairo Protest Camps

The price of West Texas Intermediate crude had risen for five consecutive days as of yesterday afternoon – “the longest stretch of gains since April” – on news of escalating unrest in Egypt, as Brent hit a four-month high. A police crackdown on protests in Egypt has left more than 500 dead. [Bloomberg] Iran has… Keep reading →