RSS Category: Energy News

Oil prices dip, settling at $69.80, but end the month 1.5% higher as Iran sanctions loom

Oil prices dip, settling at $69.80, but end the month 1.5% higher as Iran sanctions loom

Oil prices slipped on Friday as concerns over the impact of a global trade war depressed sentiment. feed: Energy Stories

August 31, 2018 | By | Reply More
Oil prices rise on expectations of market tightening

Oil prices rise on expectations of market tightening

Oil prices rose on Tuesday as risks of supply disruptions from countries such as Venezuela, Libya, Nigeria and Iran raised the prospect of a tightening market. feed: Energy Stories

August 28, 2018 | By | Reply More
Hawaii’s unusual electric power system makes it really vulnerable to Hurricane Lane

Hawaii’s unusual electric power system makes it really vulnerable to Hurricane Lane

Hawaii still burns oil to generate most of its electric power. Hurricane Lane threatens to disrupt the seaborne supply of fuel into the archipelago and throughout the island state. feed: Energy Stories

August 25, 2018 | By | Reply More
Oil prices rise on Iran sanctions; trade row mutes activity

Oil prices rise on Iran sanctions; trade row mutes activity

Traders said the supply versus demand outlook for oil markets was relatively tight because of the looming U.S. sanctions against Iran that will target oil exports in November.  feed: Energy Stories

August 24, 2018 | By | Reply More
Saudi Arabia reportedly calls off Aramco IPO and disbands advisers

Saudi Arabia reportedly calls off Aramco IPO and disbands advisers

Saudi Arabia has scrapped its plans to list shares of its state-owned energy giant Aramco on stock exchanges, Reuters reports. feed: Energy Stories

August 23, 2018 | By | Reply More
Trump administration reveals greenhouse gas rule for power plants to replace Obama-era plan

Trump administration reveals greenhouse gas rule for power plants to replace Obama-era plan

The Trump administration on Tuesday revealed its long-awaited plan to scale back an Obama-era rule designed to cut planet-warming emissions from the nation's power plants. feed: Energy Stories

August 21, 2018 | By | Reply More
Oil prices rise on easing trade war concerns after several weeks of declines

Oil prices rise on easing trade war concerns after several weeks of declines

Oil futures rose on Monday after weeks of declines, supported by easing concerns over a potential trade war between the United States and China. feed: Energy Stories

August 20, 2018 | By | Reply More
London’s financial district to introduce green car-parking tariff

London’s financial district to introduce green car-parking tariff

Parking targeting high-polluting vehicles will be implemented in London's financial district next week.  feed: Energy Stories

August 19, 2018 | By | Reply More
US crude posts 7th straight weekly loss, settling at $65.91, on weaker demand outlook

US crude posts 7th straight weekly loss, settling at $65.91, on weaker demand outlook

Oil prices rose on Friday but posted yet another weekly decline on concerns about slowing demand for petroleum products. feed: Energy Stories

August 18, 2018 | By | Reply More
Oil prices rise, but outlook for demand grows gloomy

Oil prices rise, but outlook for demand grows gloomy

Oil prices clawed back some of the previous day's losses after Beijing said it would send a delegation to Washington to try to resolve a trade dispute between the United States and China. feed: Energy Stories

August 17, 2018 | By | Reply More