Understanding the Surge in Oil Prices Amid Geopolitical Tensions
Recent analysis highlights the factors contributing to an eight-day rise in oil prices, driven by geopolitical tensions, particularly concerning Iran.
Editorial Staff Apr 29
Oil & Gas
Latest Oil & Gas stories from Energy.
French PM Lecornu Supports TotalEnergies Amid Profit Taxation Debate
As TotalEnergies announces record profits, Prime Minister Lecornu defends the company against leftist demands for profit taxation and urges it to consider profit redistribution.
Editorial Staff Apr 29
Critical Minerals Mining: A New Wave of Environmental Injustice
The extraction of critical minerals like lithium and cobalt, vital for green technology, raises significant environmental concerns, particularly for vulnerable communities.
Editorial Staff Apr 29
Oil Prices Surge Over 2% Amid Concerns Over Iran Conflict
Oil prices have increased by more than 2% as traders consider the potential for supply disruptions stemming from rising tensions in Iran.
Editorial Staff Apr 29
UAE's Departure from OPEC Signals Major Shift in Oil Dynamics
The United Arab Emirates has announced its exit from OPEC after nearly 60 years, a move that could reshape the global oil market and impact gas prices.
Editorial Staff Apr 29
Stalled Iran Talks Amid Ongoing Tensions in Lebanon and Hormuz
Negotiations aimed at addressing the Middle East conflict have encountered delays as the US evaluates Iran's proposal concerning the Strait of Hormuz, a vital oil passage.
Editorial Staff Apr 28
Ukraine Targets Russian Refinery as Conflict Escalates
In a significant development, Ukraine has struck the Tuapse refinery in Russia, prompting President Putin to assert that attacks on civilian areas are on the rise.
Editorial Staff Apr 28
UAE's Exit from OPEC: A Shift in Oil Dynamics Amidst Hormuz Tensions
The UAE's recent announcement to leave OPEC marks a pivotal moment in the global oil landscape, particularly affecting Saudi Arabia's role in the organization.
Editorial Staff Apr 28
Controversial Gas Pipeline Deal Raises Concerns for Bosnia's EU Aspirations
A US-backed gas pipeline may assist Bosnia in reducing its dependence on Russian energy. However, ties to Trump allies could complicate the country's EU accession efforts.
Editorial Staff Apr 28
U.S. Oil Supply: 25 Days Remain, But There's No Need for Alarm
The U.S. is a top oil producer, yet it relies on imports for gas and diesel. Current estimates suggest there are 25 days of oil supply left, but this should not cause panic.
Editorial Staff Apr 28
Governments in Spain, France, and Portugal Accelerate Renewable Energy Initiatives Amid Rising Energy Costs
In a bid to reduce energy expenses, Spain, France, and Portugal are intensifying their efforts in renewable energy. French Prime Minister Sebastien Lecornu emphasizes the need to move away from fossil fuels.
Editorial Staff Apr 28
Oil Prices Rise Amid Geopolitical Tensions and Market Speculation
Recent developments regarding Iran's Hormuz offer and potential actions from Trump are influencing oil market dynamics, leading to a slight increase in prices.
Editorial Staff Apr 28
New Regulatory Body Established for Offshore Drilling and Seabed Mining
A new bureau has been created to regulate both offshore drilling and seabed mining, as reported by The New York Times.
Editorial Staff Apr 27
Shifts in Caspian and Central Asian Oil Markets Reflect Changing Global Dynamics
The oil industry in the South Caucasus and Central Asia is adapting to new trading strategies as market volatility and increased demand from Asia influence energy distribution.
Editorial Staff Apr 27
20,000 Seafarers Stranded as Iran Conflict Disrupts Strait of Hormuz
The ongoing conflict involving Iran has resulted in approximately 20,000 seafarers being stranded on cargo ships in the Strait of Hormuz, significantly impacting global oil and gas trade.
Editorial Staff Apr 27
Goldman Sachs Predicts Year-End Oil Prices as Market Surpasses $100
As oil prices climb back above the $100 mark, Goldman Sachs shares its projections for where prices may settle by the end of the year.
Editorial Staff Apr 27
Eureka Lithium Secures $6.3 Million for Enhanced Drilling in Canada
Eureka Lithium has successfully raised $6.3 million to support its drilling initiatives in British Columbia and Quebec, aiming to strengthen its lithium exploration efforts.
Editorial Staff Apr 27
Japan's Energy Security Vulnerabilities Laid Bare by Ongoing Iran Conflict
The ongoing Iran War has highlighted significant weaknesses in Japan's energy security, prompting a reevaluation of its energy strategies amidst global shifts.
Editorial Staff Apr 27
TotalEnergies Boosts Refinery Output to Safeguard French Fuel Supply
In response to ongoing disruptions in energy markets, TotalEnergies has ramped up production at its Gonfreville refinery to ensure the availability of essential fuels in France.
Editorial Staff Apr 27
Goldman Sachs Adjusts Oil Price Predictions Amid Notable Inventory Reductions
Goldman Sachs has revised its forecasts for oil prices, citing significant decreases in inventory levels as a driving factor behind the changes.
Editorial Staff Apr 27