Buffett-Backed Occidental CEO Says Oil Shortage by 2025 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 05, 2024, 1:30 PM CST Warren Buffett-backed Occidental Petroleum is predicting an oil supply shortage by 2025 due to global failure to replace crude reserves at a fast...Continue Reading

A key and very evident theme out of the Red Sea is that the US has lost ‘deterrence’ and perhaps never had it to begin with. Despite over a dozen waves of large-scale Western coalition attacks on Houthi positions, the Yemeni Shia rebels are vowing more attacks on commercial shipping, as we’ve reported.  It is the...Continue Reading

Controversy Engulfs UK Banks Over Iranian Petrochemical Connections | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Feb 05, 2024, 1:00 PM CST Lloyds and Santander are...Continue Reading

LNG “Pause” Is Not A “Reversal”, Biden Admin Reassures Allies | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 05, 2024, 12:30 PM CST Assistant U.S. Secretary for Energy Resources Geoffrey Pyatt has told reporters that U.S. allies have been reassured that the Biden Administration’s...Continue Reading

Kyrgyzstan Faces Heating Crisis After Power Plant Accident | OilPrice.com Eurasianet Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… More Info Premium Content By Eurasianet – Feb 05, 2024, 12:00 PM CST The explosion at the Bishkek TETs...Continue Reading

Brent Crude Holds at $77 on Strong Jobs Report, Potential Rate Cut Delay | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Feb 05, 2024, 11:00 AM CST Oil prices refrained from responding to geopolitical pressure on Monday, instead dropping slightly on solid numbers from the...Continue Reading

Hertz Halts EV Purchases from Polestar as Resale Value Crashes | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 05, 2024, 10:30 AM CST Car rental giant Hertz has paused the purchase of electric vehicles from manufacturer Polestar as the resale value of the EVs...Continue Reading

South Korea’s EV Sales Held Back by Drivers’ Fears of Battery Fires | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 05, 2024, 10:00 AM CST South Korea’s electric vehicle (EV) sales fell by 0.1% last year for the first annual decline since 2017, as...Continue Reading

U.S. And Iranian Attacks In The Middle East Threaten Major Oil Price Rises | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Feb 05, 2024, 10:00 AM...Continue Reading

Upcoming UK Power Capacity Auction Could Set Record Prices | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 05, 2024, 9:00 AM CST This month’s capacity market auction in the UK – designed to pay power producers to provide additional capacity to the grid in...Continue Reading