Oil Rises As Israel Expands Operations In Gaza
On Friday, oil and metal markets spiked on Middle Eastern news of Israeli Defense Forces (IDF) announcing they would be “expanding ground operations” in Gaza. The price of oil spiked…
In China, Profits For Wind Turbines Plummet 98% Amid Price War
Top Chinese wind turbine maker Xinjiang Goldwind Science & Technology Co. has seen profits plummet by 98% as a price war in China in the wind power sector has driven…
French Demand For Diesel Fuel Plummets
A new Bloomberg report this week revealed that according to industry data, there was a 13% year over year drop in the price of road diesel in France for September.…
UK Energy Producer Says Government Must Increase Electricity Prices To Fund Wind-Energy
The head of one of Europe’s largest power providers has said the price which British officials offer for electricity which was produced by wind farms will need to be increased…
US May Retaliate Against Iranian Oil
In an interview with CNBC, head of global commodity strategy at RBC Capital Markets, Helima Croft, said that it is her belief that in retaliation for Iran’s alleged support for…
Electricity In The EU Costs Three Times The Price In China Now
Hungarian Foreign Minister Peter Szijjarto, speaking at an international conference in Eurasian security in Minsk, the capital of Belarus on Thursday said it is now unclear how the European Union…
Ukraine Seeks To Sell Gas Storage Capacity To Europe
Ukrainian Prime Minister Denis Shmigal said in an interview with national television that the Ukrainian government has offered EU traders the option to rent as much as half of the…
Russian Seaborne Crude Exports Surge To Four-Month High
On Tuesday, Bloomberg reported that Russia seaborne crude exports rose steadily to hit a four-month high in the week ending October 22nd, according to tanker-tracing data. Russia exported about 3.53…
Oil Stabilizes After Falling Monday As Israeli Conflict Appears Contained
As the conflict between Israel and Hamas appeared to have stabilized in such a way as to remain contained for the time being, oil prices steadied after falling slightly on…
Iraqi Prime Minister Warns Of Threat To Global Oil Supplies If Israeli Conflict Spreads
Speaking at an international summit on Saturday, Iraqi Prime Minister Mohammed Shia al-Sudani warned there were serious risks which could emerge, were the conflict between Israel and Hamas to spread…
