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Stanley Reed
Posts
OPEC Plus Agrees to Pump More Oil in August
The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts expected and could lead to…
BP, Once a Hunter in the Oil Industry, Is Now Prey. What Went Wrong?
The energy giant has been weakened by years of mishaps and poor decisions, leading to rumors of a takeover that may not subside.
Large Oil Producers Around the Persian Gulf Ramp Up Exports
Saudi Arabia and other oil states are rushing to load tankers in case the Israel-Iran fighting spreads to export installations.
Oil Prices Drop, but Iran-Israel Conflict Raises Many Risks
Industry experts are examining possible scenarios, including one in which the price of oil doubles this year.
Iran’s Vital Oil Industry Is Vulnerable in an Escalating Conflict
The country’s exports mostly come from Kharg Island in the Persian Gulf. But Israel’s energy facilities are also at risk.
British Government to Spend $19 Billion on New Nuclear Plant
The new project, called Sizewell C, will be expensive to build, but it will create 10,000 jobs and provide a steady supply of electric power…
OPEC Plus Members Say They Will Fast-Track Oil Output
Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of accelerated increases.
With US Trade Deal, UK Steel Industry Feels Some Much Needed Relief
The agreement to lift the 25 percent duty on steel exported to the United States provided some relief for struggling businesses, but uncertainties for the…
Europe’s Wind Industry Faces Uncertainty Over Trump’s Policies
Not long ago, the U.S. was seen as a promising market for offshore wind. Now industry executives aren’t making any assumptions.
Why OPEC Plus Is Increasing Oil Supplies Despite Falling Prices
The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and may…
