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OPEC economists see bullish trends offset by trade disputes![]() Washington (UPI) Aug 13, 2018 OPEC economists said there were bullish trends supporting the price of oil, but there were underlying concerns about political and economic disputes. Economists at the Organization of Petroleum Exporting Countries left estimates for global growth in gross domestic product unchanged at 3.8 percent for 2018 in their market report for August. Modest growth in the United States was balanced by a slowdown in the European economy. In Asia, Japan's economy is sluggish with 1.8 percent GDP this year. C ... read more |
Morningstar: China is a critical market for U.S. oilWashington (UPI) Aug 13, 2018 After soaring last year, U.S. crude oil exports to China have started to slow down because of trade concerns and price differentials, Morningstar found. ... more
Oil prices inch lower on Turkish correctionWashington (UPI) Aug 13, 2018 Global tensions that would be supportive of crude oil prices were offset by signs of economic slowdown to push the price of oil slightly lower early Monday. ... more
Effort to find new hydrocarbons in the Barents Sea failsWashington (UPI) Aug 13, 2018 There's been no luck in an effort to find new reserves near a multimillion-barrel prospect in the Barents Sea, the Norwegian government stated Monday. ... more
North Sea player Neptune expanding its positionWashington (UPI) Aug 13, 2018 Claiming its second major win of the year, North Sea energy company Neptune announced Monday it built up its portfolio further through a deal with Apache Corp. ... more |
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| Previous Issues | Aug 13 | Aug 11 | Aug 10 | Aug 09 | Aug 08 |
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IEA: Supply-side concerns fade, effects of U.S. sanctions unknownWashington (UPI) Aug 10, 2018 Concerns about the lack of available oil on the market have faded, but it may be the calm before a storm triggered by U.S. sanctions, a market report found. ... more
S. Sudan peace deal 'not realistic', international backers warnWashington (AFP) Aug 10, 2018 A power-sharing deal signed Sunday by South Sudan's leaders faces "considerable challenges" and agreements made may be "not realistic," key international backers of the young country's peace process cautioned Friday. ... more
Old fashioned supply and demand pushes oil prices higherWashington (UPI) Aug 10, 2018 Revision to global demand for oil overshadowed trade tensions, this time between the United States and Turkey, to push the price of oil higher early Friday. ... more
Iraq PM cancels visit to sanctions-hit IranBaghdad (AFP) Aug 12, 2018 Iraqi Prime Minister Haider al-Abadi has cancelled a visit to Iran, his press office said Sunday, as the premier came under strong Iranian criticism over his stand on renewed US sanctions against Tehran. ... more
Fracking scheduled for British ColumbiaWashington (UPI) Aug 10, 2018 A review of operational plans for shale exploitation in British Columbia confirms the prospects for a pioneering fracking campaign, Calima Energy stated. ... more |
![]() Apache Corp. to form new energy transit, storage and marketing company
New oil from British North Sea expected by 2021Washington (UPI) Aug 7, 2018 First oil from the second phase of the Buzzard field in the British waters of the North Sea is expected in three years, a partnership announced. ... more |
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Saudi oil policies not swayed by politicsWashington (UPI) Aug 9, 2018 Considerations regarding the supply of oil to customers and countries around the world won't be swayed by political issues, Saudi Arabia's oil minister said. ... more
Oil prices stable as tensions balance trade concernsWashington (UPI) Aug 9, 2018 Cooling tensions between the United States and Russia, and corrections from Wednesday's purge, help push the price of oil slightly higher early Thursday. ... more
Faroe Petroleum next up for exploration offshore NorwayWashington (UPI) Aug 9, 2018 A Norwegian regulator announced it signed off on a permit for a 44-day effort to search for new reserves in its territorial waters of the North Sea. ... more
ICG: Libyan oil not yet spared from political crisesWashington (UPI) Aug 9, 2018 Crises curbing exports and production in Libya's oil belt have abated, but the underlying issues remain unresolved, the International Crisis Group reported. ... more
Europe wants U.S. LNG if the price is rightWashington (UPI) Aug 9, 2018 If the price is right, Europe sees U.S. liquefied natural gas as a strategic component of a diverse energy mix, the European president said Thursday. ... more |
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Forests crucial for limiting climate change Exeter UK (SPX) Aug 08, 2018
Trying to tackle climate change by replacing forests with crops for bioenergy power stations that capture carbon dioxide (CO2) could instead increase the amount of CO2 in the atmosphere, scientists say.
Biomass Energy with Carbon Capture and Storage (BECCS) power stations are designed to produce energy and store the resulting carbon dioxide (CO2) in bedrock deep underground.
But a st ... more |
Insight into loss processes in perovskite solar cells enables efficiency improvements Berlin, Germany (SPX) Aug 07, 2018 |
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Searching for wind for the future Thuwal, Saudi Arabia (SPX) Jul 19, 2018
Using outputs from a high-resolution regional climate model, KAUST researchers have confirmed the potential for wind as a significant energy resource across the Arabian Peninsula. This is an important first step in developing a strategy for Saudi Arabia's wind energy sector.
As part of an ongoing collaboration with the University of Notre Dame in the United States, Marc Genton's research g ... more |
Extreme makeover: Fukushima nuclear plant tries image overhaul Fukushima Daiichi Nuclear Power Plant, Japan (AFP) Aug 3, 2018
Call it an extreme makeover: In Japan's Fukushima, officials are attempting what might seem impossible, an image overhaul at the site of the worst nuclear meltdown in decades.
At the Fukushima Daiichi nuclear plant, there's a flashy new administrative building, debris has been moved and covered, and officials tout the "light" radioactive security measures now possible.
"You see people mo ... more |
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NASA finds Amazon drought leaves long legacy of damage Pasadena CA (JPL) Aug 10, 2018
A single season of drought in the Amazon rainforest can reduce the forest's carbon dioxide absorption for years after the rains return, according to a new study published in the journal Nature. This is the first study to quantify the long-term legacy of an Amazon drought.
A research team from NASA's Jet Propulsion Laboratory in Pasadena, California, and other institutions used satellite li ... more |
Volatile visionary: Tesla's Musk divides Wall Street New York (AFP) Aug 8, 2018
"Boring bonehead questions are not cool. Next?" Tesla chief Elon Musk complained in May, shortly before shutting down questions from Wall Street.
The now-infamous conference call in a nutshell represents the unorthodox approach of Musk, whose brazen aspirations to remake the transportation universe and confrontational approach to opponents has aroused both passionate support and furious crit ... more |
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Iraqi cleric Sadr wins vote recount: electoral commission Baghdad (AFP) Aug 10, 2018
Nationalist Shiite cleric Moqtada Sadr's alliance won Iraq's legislative election in May according to a manual recount, the electoral commission said Friday, paving the way for a government to be formed nearly three months after the polls.
Allegations of fraud prompted the supreme court to order a partial manual recount, but Sadr's joint list with communists will retain all 54 seats it won t ... more |
N. Korea restricts Chinese tour groups ahead of anniversary: report Seoul (AFP) Aug 11, 2018
Pyongyang will suspend Chinese tour group visits to North Korea ahead of a high profile anniversary next month, according to news reports Saturday.
The North's Korea International Youth Travel Agency told a Chinese tourist agency that hotels in Pyongyang would be closed for renovations for 20 days starting Saturday, according to South Korean media reports.
Another North Korean travel age ... more |
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China allows Swedish doctor to see detained publisher: Sweden Stockholm (AFP) Aug 13, 2018
China has allowed a Swedish doctor to examine publisher Gui Minhai, a Chinese-born Swede who vanished into Chinese custody in January in murky circumstances for the second time, Sweden said Monday.
"Swedish medical personnel have on Monday, August 13, been able to carry out a visit with detained Swedish citizen Gui Minhai. This is welcome," Swedish Foreign Minister Margot Wallstrom said in a ... more |
South Sudan president pardons rival, rebels: state radio Juba (AFP) Aug 9, 2018
South Sudan's President Salva Kiir has issued a decree offering a blanket amnesty to rebels, including his bitter rival Riek Machar, state radio reported Thursday.
The announcement comes days after the two men signed a power-sharing deal in the Sudanese capital Khartoum aimed at ending a nearly five-year civil war that has killed tens of thousands and uprooted millions.
"President Salva ... more |
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State Department approves Black Hawk helicopter sale for Latvia Washington (UPI) Aug 6, 2018
The State Department has approved a possible foreign military sale of four Black Hawk helicopters and related equipment to the government of Latvia.
The helicopters will be in standard U.S. configuration, and will be accompanied by ten T700-GE-701D engines - including eight installed and two spare - and ten Embedded Global Positioning Systems/Inertial Navigation Systems, also with eig ... more |
China exports top forecasts but warning over US tariffs impact Beijing (AFP) Aug 8, 2018 China on Wednesday posted a forecast-busting surge in exports for July, but while its surplus with the US dipped slightly analysts warned that the full impact of US sanctions was yet to be felt.
The figures come as the world's two largest economies exchange threats of stiff duties on billions of dollars worth of goods, fuelling fears of a full-blown trade conflict that could hit global growt ... more |
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Sri Lanka gets US military funding as China vies for influence Colombo (AFP) Aug 13, 2018
The United States announced Monday it would grant Sri Lanka $39 million to boost maritime security as China develops its strategic hold on the Indian Ocean island.
The State Department will provide the funds as "foreign military financing", pending congressional approval, the US embassy in Colombo said.
"We look forward to discussing with the government of Sri Lanka how this contribution ... more |
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U.S. environmental regulations curbed air pollution, study shows Washington (UPI) Aug 9, 2018
New research suggests federal environmental regulations enacted under the Clean Air Act are responsible for significant reductions in air pollution emissions over the last several decades.
Between 1990 and 2008, the United States' manufacturing output grew, but industrial air pollution decreased by 60 percent.
The new study, forthcoming in the American Economic Review, showed man ... more |
Disaster relief: How can AI improve humanitarian assistance? Arlington VA (SPX) Aug 09, 2018
The unique topic of artificial intelligence (AI) for humanitarian assistance and disaster relief (HA/DR) was in the spotlight last week, as leading minds from academia, industry and the federal government met to discuss how modern technology can help victims of disasters around the globe.
The Artificial Intelligence and Autonomy for Humanitarian Assistance and Disaster Relief Workshop - co ... more |
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