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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 |
Taiwan businessman indicted over North Korea oil salesTaipei (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
Oil prices face inventory, spare capacity testWashington (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
New oil found in wildcat well in Norwegian watersWashington (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
Debate stirs over authority over British shaleWashington (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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Get ready for big swings in U.S. gas pricesWashington (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
Oil prices chart new territory on supply-side concernsWashington (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
Iran's oil can still flow, the country's first vice president saysWashington (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
When oil and water mixBoulder 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
U.A.E. joins OPEC members with commitment to more oil outputWashington (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 |
![]() Shares in Norwegian driller Seadrill trading again
New oil phase under way for offshore GuyanaWashington (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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European gas market supported by NorwayWashington (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
Saudi replaces chief executive of NEOM mega cityRiyadh (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
US plan to end Iranian oil exports 'a fantasy': RouhaniGeneva (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
Total working to sustain Angolan oil productionWashington 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
More Texas energy sector frustration with tariffs emergesWashington 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
Researchers from the University of Houston and the California Institute of Technology have reported an inexpensive hybrid catalyst capable of splitting water to produce hydrogen, suitable for large-scale commercialization.
Most systems to split water into its components - hydrogen and oxygen - require two catalysts, one to spur a reaction to separate the hydrogen and a second to produce ox ... more |
Surrey makes breakthrough in perovskite solar cell technology Surrey UK (SPX) Jul 03, 2018
The University of Surrey has helped to create a technique that has produced the highest performing inverted perovskite solar cell ever recorded.
Perovskite based cells are widely viewed as the next generation of solar cells, offering similar power conversion efficiency (PCE) performance, but at a much lower cost than the market dominant crystalline silicon based solar cells.
In a stu ... more |
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ENGIE: Wind energy footprint firmed up in Norway Washington DC (UPI) Jul 02, 2018
French energy company ENGIE said Monday it reached an agreement with Swiss asset manager SUSI to help develop what will be one of Norway's largest wind farms.
SUSI, through a renewable energy fund, takes an 80 percent stake in Project Tonstad, a planned 208 megawatt wind farm in southern Norway. The French energy company keeps a 20 percent stake in a 51-turbine facility.
Sandra R ... more |
Greenpeace activists 'crash' drone into French nuclear plant Lyon (AFP) July 3, 2018
Greenpeace activists said Tuesday they had flown a drone fitted out as a flying Superman into a nuclear energy plant in southeast France, aiming to show how the country's reactors are vulnerable to terror attacks.
A video released by the environmental group shows the drone zipping through restricted airspace above the Bugey plant about 25 kilometres (16 miles) outside Lyon before crashing in ... more |
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In a warming world, could air conditioning make things worse? Madison WI (SPX) Jul 04, 2018
As climate change continues to push summer temperatures ever higher, the increased use of air conditioning in buildings could add to the problems of a warming world by further degrading air quality and compounding the toll of air pollution on human health, according to a new study.
Writing in a special climate change issue of the journal Public Library of Science (PLOS) Medicine, a team of ... more |
Lyft pushes into bikes with new acquisition San Francisco (AFP) July 2, 2018
US ridesharing giant Lyft said Monday it was acquiring bikesharing operator Motivate as it ramps up efforts against rival Uber in alternative forms of transportation.
Terms of the deal were not announced for Motivate, which operates bike programs in New York, Boston, San Francisco, Washington and elsewhere.
"Lyft and Motivate have both been committed for years to the same goal of reducin ... more |
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Iraq calls for repatriation of children of foreign jihadists Baghdad (AFP) July 3, 2018
Iraq called Tuesday for the home countries of foreign jihadists held in its jails to repatriate hundreds of children of the captured militants.
At least 833 children of 14 nationalities are currently in prison in Iraq, according to the Joint Operations Command, which coordinates the fight against the Islamic State group.
"We ask all diplomatic missions in Iraq, resident and non-resident, ... more |
Pompeo in N. Korea to seek 'details' on denuclearisation Pyongyang (AFP) July 6, 2018
US Secretary of State Mike Pompeo arrived in Pyongyang Friday to press Kim Jong Un for a more detailed commitment to denuclearisation following the North Korean leader's historic summit with President Donald Trump.
Pompeo was greeted in the North Korean capital by Kim's right hand man Kim Yong Chol and Foreign Minister Ri Yong Ho.
Since meeting Kim in Singapore last month Trump has been ... more |
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Beijing eyes UNESCO status for Mao tomb, Tiananmen Square Beijing (AFP) July 5, 2018
Beijing wants to have Mao Zedong's Mausoleum and Tiananmen Square, powerful and controversial symbols of Chinese communist might, inscribed on the UNESCO World Heritage List, official media reported on Thursday.
The Chinese capital wants to apply for 14 sites in total to receive UNESCO World Heritage status by 2035, the state-run Global Times quoted city official Shu Xiaofeng as saying.
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Research shows plants in Africa 'green up' ahead of rainy season Southampton UK (SPX) Jul 03, 2018
A study led by the University of Southampton has shown the greening up of vegetation prior to the rainy season in Africa is more widespread than previously understood.
Geographers from Southampton, working with scientists at Lancaster University, used remote sensing data (satellite imagery), sourced over a 16 year period (2000-2016), to examine when plants in the continent began and finish ... more |
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GE contracted for F414 engine support on Super Hornet, Growler aircraft Washington (UPI) Jul 3, 2018
General Electric has been awarded a contract for support of the F414 engine, found in the Super Hornet and Growler aircraft.
The contract, announced Monday by the Department of Defense, comes under a $37 million modification to an existing contract for the repair, replacement and general support of 773 F414 engines for the F/A-18E and F Super Hornet and EA-18G Growler fighter aircraft. ... more |
US, China fire first shots in 'largest trade war in economic history' Washington/Beijing (AFP) July 6, 2018 The US and China on Friday launched tit-for-tat tariffs on each other's imports, the opening shots in what Beijing called "the largest trade war in economic history" between the world's top two economies.
At the stroke of midnight Washington time, the US pulled the trigger on 25-percent duties on about $34 billion in Chinese machinery, electronics and high-tech equipment, including autos, co ... more |
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Trudeau to visit Latvia ahead of NATO summit Ottawa (AFP) July 3, 2018
Canadian Prime Minister Justin Trudeau will fly to Latvia for a two-day visit starting July 9, ahead of the NATO summit in Brussels, his office said Tuesday.
In addition to holding talks in Riga with Latvian Prime Minister Maris Kucinskis and President Raimonds Vejonis, Trudeau is also set to visit the Canadian-led multinational NATO Enhanced Forward Presence battlegroup based in the country ... more |
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Seattle bans plastic straws, but US still has a long way to go Washington (AFP) July 3, 2018
Seattle has become the first major US city to ban plastic straws and utensils in its eateries, a victory for environmentalists that will be tough to replicate elsewhere in the United States.
After targeting plastic bags, environmentalists have set their sights on plastic drinking straws as a public enemy, highlighting the gap between their brief moment of utility and the enduring impact they ... more |
Facial recognition was key in identifying US shooting suspect Washington (AFP) June 29, 2018
Facial recognition technology, which has drawn criticism from civil liberties activists in recent years, was used to identify the suspect in Thursday's newsroom shooting which left five dead in Annapolis, Maryland.
Police said suspect Jarrod Ramos, who had a prior arrest record, had refused to cooperate with authorities after he was taken into custody and that his fingerprints could not imme ... more |
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