China says sunken Iranian tanker may be leaking bunker fuel Bunker fuel may now be leaking from the Iranian oil tanker that sank in the East China Sea last Sunday, China’s State Oceanic Administration (SOA) said, underlining fears for contamination from the world’s worst oil ship disaster in decades. In […]
Energy Markets
Rescue crews struggle to tame China oil tanker fire; crew still missing Rescue crews scrambled to bring a blaze on an Iranian oil tanker off China’s east coast under control on Monday as fire raged for a second day following a collision with a grain ship, while the U.S. Navy […]
As energy markets evolve, blockchain powers up As energy markets evolve, blockchain powers up:- Energy startups have been using blockchain to power electricity sharing in microgrid trials from Texas to Tasmania for a year or so. But now companies are moving beyond trials to commercial projects, leveraging the distributed ledger […]
U.N. Security Council imposes new sanctions on North Korea over missile test U.N. Security Council imposes new sanctions on North Korea over missile test:- The U.N. Security Council unanimously imposed new sanctions on North Korea on Friday for its Nov. 29 intercontinental ballistic missile test, seeking to limit its access […]
BMW to build Czech test track for self-driving cars German luxury automaker BMW said on Friday it will spend over 100 million euros ($118 million) on a test track for self-driving and electric cars in the Czech Republic, as it expands its foray into alternative driving technologies. The construction of […]
Oil falls for third day as doubts over OPEC cuts linger Oil falls for third day as doubts over OPEC cuts linger:- Crude futures fell for a third day on Wednesday despite a bigger than expected drop in U.S. oil inventories reported by an industry group, with doubts lingering over […]
U.S. lawmakers reach deal for Senate Russia sanctions vote U.S. lawmakers reached an agreement on Wednesday paving the way for the U.S. Senate to pass a bill as soon as this week to impose new sanctions on Russia and bar President Donald Trump from easing sanctions on Moscow without Congress’ […]
BlackRock urges Exxon to disclose more about climate change-related risks The world's largest asset manager BlackRock Inc (BLK.N) on Friday urged Exxon Mobil Corp (XOM.N) to "enhance its disclosures" regarding risks related to climate change. Less than two weeks ago, shareholders approved a measure calling for increased transparency on […]
Asia demand, hedging boosts trading in forward U.S. oil contracts Asia demand, hedging boosts trading in forward U.S. oil contracts:- Trading volumes and open interest in U.S. crude futures soared in 2016, particularly among buyers out of Asia and shale companies locking in output, both of whom have shown an […]
U.S. oil holds near 7-week high, OPEC upbeat on output curbs U.S. oil holds near 7-week high, OPEC upbeat on output curbs:- Oil prices held near multi-week highs on Wednesday after OPEC signalled optimism over its deal with other producers to curb output to clear a glut that has weighed on markets since […]
