CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. » Read More
The bottom line is that the same natural gas revolution in the US, which was enabled by hydraulic fracturing (fracking), is now threatening to loosen Gazprom’s noose on the EU, and Gazprom simply won’t have it.
The chairman of Sabanci Holding, one of Turkey’s most powerful family-run conglomerates, said no decision had yet been made on the fate of its joint venture with Europe’s largest retailer, Carrefour.
The United States is suddenly competing for influence over its most stalwart ally in the Middle East, the Global Post reports.
Saudi Arabia, the world's central bank for oil, could become a net oil importer by 2030 according to a new study by Citigroup, the international financial conglomerate.
Oligarchs are the wealthy few who benefit from the government and for all intents and purposes call the shots behind the scenes. Oilprice.com considers five key oligarchs and oligarch families who will shape the future.
Geopolitical and economic issues are shaping the price of oil more than worries about supply.
Dimitris Tsitsiragos, Vice President of MENA for International Finance Corporation says investment and trade can help create jobs in the Middle east and North African regions.
Is our energy future one of falling prices and plentiful supply or should we prepare for declining supply and sky high prices?
Nothing infuriates Americans more than volatile, spiking gasoline prices. But often the causes given for gasoline price hikes seem contrived.
Saudi Arabia has gone on the offensive against Iran to protect its interests. Its involvement in Syria is the first battle in what is going to be a long conflict that will know no frontiers nor limits.
In 2008, Ernst & Young, the accounting firm, introduced short 90-day foreign assignments for both its U.S. and overseas employees. “It is something we introduced after the crisis as the way to offer expat postings in a more cost-effective way,” says Nancy Altobello, Americas vice chair of people at the company, the FT reports.
Fundamentally, it seems, markets are well supplied, though it may be emotional factors driving certain aspects of the energy market.
According to the U.S. government’s Energy Information Agency, “In 2009, India was the fourth largest energy consumer in the world, after the United States, China, and Russia. Despite a slowing global economy, India's energy demand continues to rise. As vehicle ownership expands, petroleum demand in the transport sector is expected to grow in the coming years. While India's domestic energy resource base is substantial, the country relies on imports for a considerable amount of its energy use. According to the International Energy Agency, hydrocarbons account for the majority of India's energy use.”
Turkey’s dependence on imported oil is hampering its growth, and is likely to continue doing so as the country’s prosperity increases, regional analysts and energy experts say.
Gulf states are planning to use ray guns to protect their oil and gas infrastructure and also dissuade pirate attacks.
China’s sluggish growth and contractions in oil supply and demand should be enough to convince oil market bulls that the oil rally can’t continue for long, Neil Atkinson, Director of Energy Research and Analysis at Data Monitor, told CNBC.
The International Monetary Fund said Syria was one of the few countries in the Middle East whose economy is expected to contract in 2012. The IMF expected the regional economy to grow by more than 5 percent in 2012, an increase from last year. Economic problems for Damascus were compounded last week when the U.S. government extended sanctions on Iran to include the Syrian energy sector. Washington said the government in Damascus was generating millions in revenue through gasoline sales to Iran. With few political or military options available, economic warfare may be the best option for an international community frustrated with the bloodshed.
Iran has struggled to find a reliable consumer base given international sanctions pressure, and its recent production levels suggest the Islamic republic is retreating somewhat from the international energy sector.
A major oil find by Canada’s Tethys Petroleum in Tajikistan comes at a bad time for the Central Asian country, as the security situation is about to skyrocket out of control in a restive province on the border with Afghanistan.
The promise of discovering a clean, green, safe, and (due to the fact that it is fueled by the most abundant metal and gas on the planet, nickel and hydrogen) cheap renewable energy source is causing many investors and scientists to overcome their previous reluctance and enter the field.