The Iranian government is shortening its nuclear breakout time — the amount of time required to produce enough weapons-grade uranium for a single nuclear weapon. Tehran has accomplished this through several steps in the last few months. Iran’s government first increased its enriched uranium stockpile beyond the 300 kilogram limit; it enriched uranium to levels beyond the cap …
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Nov 27 (Reuters) – U.S. energy firms reduced the number of oil rigs operating for a record 12th month in a row after this week cutting rigs for a sixth consecutive week as producers slash spending on new drilling. Drillers cut three oil rigs in the week to Nov. 27, bringing the total count down …
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The state oil giant plans to sell a 1.5% stake, or about 3 billion shares, and has said at least one-third of the sale is expected to be covered by retail investors, who have until Thursday to sign up. With an indicative price of 30-32 riyals, the IPO is valued at as much as 96 …
Continue reading “Saudi Aramco IPO’s retail tranche oversubscribed -lead manager –”
Prices down for second straight day U.S. inventories rise by 1.6 mln barrels China warns U.S. of consequences over Hong Kong law LONDON/TOKYO, Nov 28 (Reuters) – Oil prices fell for a second day on Thursday after official data showed U.S. crude and gasoline stocks rose and President Donald Trump signed into law a bill …
Continue reading “Oil falls as U.S. rights bill fuels tensions with China”
Russian oil producers meet energy minister Oil firms propose keeping quotas unchanged until end of March Companies support excluding gas condensate from output data MOSCOW, Nov 28 (Reuters) – Russian oil companies proposed on Thursday not to change their output quotas as part of a global deal until the end of March, when the current …
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President Trump tried to distance himself from his personal lawyer Rudy Giuliani’s efforts related to Ukraine on Tuesday in an interview with radio host Bill O’Reilly. In the interview for BillOReilly.com, O’Reilly asked the president what Giuliani was, “doing in Ukraine on your behalf.” “Well, you have to ask that to Rudy, but Rudy, I …
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SEOUL, Nov 28 (Reuters) – Breaking a month-long lull in missile tests, North Korea fired two short range projectiles into the sea off its east coast on Thursday in what appeared to be the latest try out its new multiple rocket launchers, South Korea’s military said. The test-firing came as the clock ticks down on …
Continue reading “N.Korea test fires rockets in Thanksgiving reminder of year-end deadline for U.S.”
Fed Chairman Jerome Powell said in remarks Monday in Rhode Island that ’it is essential that we at the Fed use our tools to make sure that we do not permit an unhealthy downward drift in inflation expectations and inflation.’ Photo: brendan mcdermid/Reuters The Federal Reserve Bank of New York added $108.95 billion in temporary …
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U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.6 million barrels from the previous week. At 452.0 million barrels, U.S. crude oil inventories are about 3% above the five year average for this time of year. U.S. crude oil refinery inputs averaged 16.3 million barrels per day during …
Continue reading “EIA Petroleum Report week ending November 22, 2019”
“Presidents are not kings.” Those words from a 120-page decision by US District Court Judge Ketanji Brown Jackson A federal judge has ruled that White House staff can be made to testify before Congress, rejecting the Trump administration’s claims of immunity. The ruling specifically compels former White House counsel Don McGahn to testify to an …
Continue reading “Trump impeachment: White House aides can be made to testify”