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Iran to ink 2-year year electricity deal with Iraq
- Two countries also discuss three-year cooperation plan earlier signed to reconstruct Iraq's electricity industry
Oil prices down with surprise US gasoline stock buildup
- On supply side, OPEC+ widely expected to extend current production curb into second half of 2020
US crude oil stocks fall against market expectation
- Commercial crude oil inventories decline by 2.1 million barrels, while market estimate was rise of 3 million barrels
Turkey's local, renewable electricity production at 66%
- Turkey targets more local and renewable resources for power generation, Turkey's energy minister says
US, Russian presidents talk over phone on G7 summit
- Trump tells Putin he plans to invite heads of Russia, Australia, India, South Korea to G7 summit in September, says Kremlin
George Floyd protests rage for seventh day in US
- Floyd’s death triggers both peaceful and violent demonstrations across country
Brent oil price up with further OPEC output cut hopes
- OPEC+ nations expected to discuss whether production curb in second half of 2020 should be deepened in face of weak demand
US crude oil stocks rise against market expectation
- Commercial crude oil inventories rise for first time after two consecutive weeks of decreases
Oil prices down as US-China tensions escalate
- On supply side, American Petroleum Institute estimates large crude oil inventory build of 8.7 million barrels
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US natural gas consumption forecast to fall this year
- Reduced economic activity due to COVID-19 and milder temperatures to lower domestic gas demand
Venezuela thanks Iran for fuel shipment
- First of five tankers enters Venezuelan waters in defiance of US threats
Over 200 US firms file for bankruptcy amid low prices
- 'Loss of drilling revenue is more than $60 billion to the industry,' an expert in Houston says
Amid US withdrawal, Turkey supports Open Skies Treaty
- Treaty is one pillar of Euro-Atlantic conventional security architecture, says Foreign Ministry
Iran warns US of interfering with oil tankers
- Any action by US against tankers shipment to Venezuela will ‘trigger a harsh response,’ says Iranian President Rouhani
US oil rig count falls tenth week in a row
- In the past ten weeks, the decline in US oil rig count totaled 446, according to the data
Oil loses most of weekly gains with US-China tension
- World's two largest economies at forefront of global economic slowdown, weakening oil consumption
Trump vows not to close US over second wave of COVID-19
- 'We can put out the fires. Whether it is an ember or a flame, we are going to put it out,' says president
US crude oil stocks post second decline since January
- Commercial crude oil inventories fall for second time after 15 consecutive weeks of increases
US Senate issues first subpoena in Obama admin probe
- Senate committee votes along party lines to subpoena Blue Star Strategies, firm tied to Ukrainian gas company Burisma
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US natural gas production expected to fall by 5% in 2020
- Economic contraction and weak business activity lower natural gas demand
US crude oil production forecast to fall in 2020, 2021
- Estimated 0.8 million bpd year-over-year output fall in 2021 would be the largest annual decline in US crude oil production on record
US to buy oil for strategic reserve to test market
- An initial 1 million barrels of crude oil to be bought for strategic petroleum reserve
US oil rig count falls ninth week in a row
- Oil rig count hits lowest level since July 2009
US crude oil stocks post first decline since January
- Commercial crude oil inventories fall for first time after 15 consecutive weeks of increases
EU approves compensation for Dutch coal plant closure
- Netherlands will prohibit the use of coal for production of electricity as of January 1, 2030 at the latest
EIA revises up Brent price forecast by $1 for 2020
- International benchmark expected to average $34 per barrel this year
US coal-fired electric generation falls to 42-year low
- Sharp decline was result of increased electricity generation from natural gas-fired plants and wind turbines
US lawmakers introduce new Russia sanctions bill
- 'Putin is a cruel authoritarian with a long track record of silencing' liberties, says Foreign Affairs Chairman Eliot Engel