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UBS: Oil market at risk from supply shocks![]() ![]() Washington (UPI) Jul 5, 2018 Even with Saudi Arabia offering market assurances, concerns about dwindling spare capacity could push oil prices above $80 per barrel, Swiss bank UBS said. Members of the Organization of Petroleum Exporting Countries in June agreed to relax compliance with a multilateral production deal to address supply concerns from member states Iran, Libya and Venezuela. Security issues in Libya and chronic woes in Venezuela pushed compliance beyond 100 percent. The U.S. government, meanwhile, is pre ... read more |
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![]() Taipei (AFP) July 5, 2018 A Taiwanese businessman has been indicted over illegal oil sales to North Korea, prosecutors said Thursday, flouting UN sanctions against the nuclear-armed regime. ... more ![]() ![]() Washington (UPI) Jul 5, 2018 Crude oil prices were relatively flat before the opening bell in New York, though concerns about the lack of buffers could push indices higher Thursday. ... more ![]() ![]() Washington (UPI) Jul 5, 2018 As much as 8 million barrels of oil have been discovered in parts of the North Sea not previously known to contain petroleum, the Norwegian government said. ... more ![]() ![]() Washington (UPI) Jul 5, 2018 Diminishing the national significance of British shale natural gas work creates unnecessary delays for developing the fledgling industry, a trade group said. ... more |
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Previous Issues | Jul 05 | Jul 04 | Jul 03 | Jul 02 | Jun 29 |
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![]() Washington (UPI) Jul 3, 2018 U.S. retail gas prices headed into the Independence Day holiday are the highest they've been in four years and may spike further alongside oil, an analyst said. ... more ![]() ![]() Washington (UPI) Jul 3, 2018 Crude oil prices rose on Tuesday with the U.S. benchmark hitting a four-year high on expected drains in domestic inventories and outages in Libya. ... more ![]() ![]() Washington (UPI) Jul 3, 2018 Iran's first vice president said the U.S. government's efforts to force Tehran's customers to stop importing any of its oil by November is not realistic. ... more ![]() ![]() Boulder CO (SPX) Jul 04, 2018 Hydraulic fracturing of organic-rich shales has become a major industry. The commonly used term for this extraction of hydrocarbons - fracking - is especially intriguing. Not only does it convey the ... more ![]() ![]() Washington (UPI) Jul 3, 2018 The United Arab Emirates became the latest party to an OPEC-led effort to stabilize the oil market with pledges of an increase in production on Tuesday. ... more |
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![]() ![]() Shares in Norwegian driller Seadrill trading again ![]() ![]() Washington (UPI) Jul 3, 2018 A contract for a floating production vessel offshore Guyana marks the start of the second phase of development of the giant Liza oil field, SBM Offshore said. ... more ![]() |
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![]() Washington (UPI) Jul 3, 2018 European energy security is enhanced now that the Norwegian government is vetting plans to enhance the Troll oil and gas field, Equinor stated Tuesday. ... more ![]() ![]() Riyadh (AFP) July 3, 2018 Saudi Arabia has replaced the CEO of its NEOM mega city project less than a year after the unveiling of the $500 billion venture billed as a regional Silicon Valley. ... more ![]() ![]() Geneva (AFP) July 3, 2018 A plan by the United States to cut Iran's oil production to zero is a "fantasy", Iranian President Hassan Rouhani said Tuesday during his European tour to rally support for the 2015 nuclear deal. ... more ![]() ![]() Washington DC (UPI) Jul 02, 2018 Energy services company TechnipFMC said it would work alongside Total at a prospect the French supermajor said marked a new chapter offshore Angola. ... more ![]() ![]() Washington DC (UPI) Jul 02, 2018 Parts of the energy sector still in recovery mode will be hit by U.S. tariffs on aluminum and steel and hurt the broader Texas economy, a trade group said. ... more |
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Researchers report novel hybrid catalyst to split water Houston TX (SPX) Jul 03, 2018 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
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Surrey makes breakthrough in perovskite solar cell technology Surrey UK (SPX) Jul 03, 2018 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
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ENGIE: Wind energy footprint firmed up in Norway Washington DC (UPI) Jul 02, 2018 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
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Greenpeace activists 'crash' drone into French nuclear plant Lyon (AFP) July 3, 2018 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
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In a warming world, could air conditioning make things worse? Madison WI (SPX) Jul 04, 2018 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
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Lyft pushes into bikes with new acquisition San Francisco (AFP) July 2, 2018 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
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Iraq calls for repatriation of children of foreign jihadists Baghdad (AFP) July 3, 2018 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
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Pompeo in N. Korea to seek 'details' on denuclearisation Pyongyang (AFP) July 6, 2018 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
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Beijing eyes UNESCO status for Mao tomb, Tiananmen Square Beijing (AFP) July 5, 2018 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
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Research shows plants in Africa 'green up' ahead of rainy season Southampton UK (SPX) Jul 03, 2018 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
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GE contracted for F414 engine support on Super Hornet, Growler aircraft Washington (UPI) Jul 3, 2018 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
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US, China fire first shots in 'largest trade war in economic history' Washington/Beijing (AFP) July 6, 2018 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
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Trudeau to visit Latvia ahead of NATO summit Ottawa (AFP) July 3, 2018 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
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Seattle bans plastic straws, but US still has a long way to go Washington (AFP) July 3, 2018 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
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Facial recognition was key in identifying US shooting suspect Washington (AFP) June 29, 2018 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
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