Energy

This category contains 739 posts

Dohaha: Slippery Oil Laughs At Nearly Everyone — Myself Included

By David Haggith, The Great Recession Blog As predicted relentlessly here, the scuttled meeting in Doha to limit oil production broke up with no agreement at all. The meeting foundered like a tanker snagged in the dessert sands because of the singular obvious factor that should have sunken all hope weeks ago but did not: Saudi Arabia said, “No deal without Iran.” Doha Disaster Predictable … Continue reading

Russia Benefits From Crude Production Freeze Talks Despite Failure To Reach Deal

Rising oil prices ahead of the production freeze talks in Doha added $3.7 billion to the value of Russian output, according to Bloomberg based on data from the International Energy Agency. Saudi Arabia got a $3.3 billion boost. Even the countries not involved in the talks have benefited from the freeze fuss. The US got … Continue reading

Why Is The Federal Government Installing Mysterious Boxes On Utility Poles?

By Derrick Broze The Bureau of Alcohol, Tobacco and Firearms and Explosives has claimed ownership of a mysterious box that was removed from a utility pole in Phoenix, Arizona. Phoenix resident Brian Clegg was concerned about a box he witnessed being installed on a power pole. Clegg said the box was facing his house and … Continue reading

Doha Meeting Reveals OPEC’s Inability To Control Global Oil Prices

By Ante Batovic The recent Doha meeting of major oil producers failed to agree oil output freeze deal and confirmed the existence of deep disagreements within Opec. The oil prices agony continues as major oil producers failed to reach an agreement on production freeze at the long-expected meeting in Doha on April 17. The expectations … Continue reading

Saudis Derail Oil Freeze Deal Over Regional Rivalry With Iran

The failure of the world’s leading oil producers to reach an agreement on capping production has been aggravated by the threat of more sparring between Saudi Arabia and Iran over market share. The talks failed after Saudi Arabia, Qatar and the United Arab Emirates said they wouldn’t agree to a deal unless Iran joined in. … Continue reading

Mark Mobius: Emerging Markets Q1 2016 Recap – A Turn In Fortunes

By Mark Mobius, Templeton Emerging Markets Group The Templeton Emerging Markets Group has a wide investment universe to cover—tens of thousands of companies in markets on nearly every continent! While we are bottom-up investors, it helps to have some big-picture context. Here, I outline what’s happened in the emerging markets universe in the first three months of … Continue reading

Sale Of Saudi Aramco: 3 Things You Should Know

By Andrew Manners, Global Risk Insights Saudi Arabia confirmed last week that it plans to sell part of its state-owned oil company next year. GRI asks what the IPO will look like, and what it means for investors and the Saudi economy. Last week Saudi Arabia’s deputy crown prince, Mohammed bin Salman, confirmed the speculations surrounding an initial public … Continue reading

Canada’s Oil Industry To See Biggest Investment Drop In 70 Yrs

Despite an insignificant rise this year, investment in Canada’s oil industry is expected to decline 62 percent from its 2014 peak due to falling crude prices, warns the Canadian Association of Petroleum Producers (CAPP). Oil and gas spending was expected to drop to $31 billion in 2016 from a record of $81 billion in 2014, … Continue reading

Oil Producers Fail To Agree On Deal To Freeze Output After Saudi Arabia-Iran Standoff

The world’s major oil producing nations failed to strike an agreement on Sunday night to freeze production, saying they needed more time to agree a deal to try to buoy the price of oil. What producers had hoped would be the first deal in 15 years ran into difficulty after Saudi Arabia – the largest … Continue reading

Maduro Changes Time Zone To Counter Venezuela’s Energy Crisis

Venezuela has reversed a half-hour time change that was one of the signature measures of former president Hugo Chávez’s idiosyncratic 14-year rule. Chávez turned Venezuela’s clocks back 30 minutes in 2007 so that children could wake up for school in daylight. But his successor, Nicolás Maduro, has decided to return to the previous system, four … Continue reading

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