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[ May 11, 2021 ] Israeli Air Strike Hits Residential Block in Gaza, Hamas Fires Rockets at Tel Aviv Foreign Policy
[ May 11, 2021 ] Odds of a Bipartisan Deal on Infrastructure Look Bleak Administration
[ May 11, 2021 ] President Biden to Take Additional Activities after Massive Colonial Pipeline Ransomware Attack Energy
[ May 11, 2021 ] Saudi Arabia’s Economy Shrinks 3.3% In Q1 on Oil Output Business
[ May 11, 2021 ] Biden: One Million Americans Signed Up for Health Coverage during Special Enrollment Administration

President Biden to Take Additional Activities after Massive Colonial Pipeline Ransomware Attack

May 11, 2021 Focus Washington

President Joe Biden and his administration are contemplating additional activities after the massive cyberattack targeting one of the largest fuel pipelines in the US. Last Friday, the Colonial Pipeline discontinued its operations and notified federal […]

Energy Secretary Jennifer Granholm Floats Federal Subsidies for Nuclear Power Plants

May 8, 2021 Focus Washington

The Biden administration is floating federal support for the nuclear power industry in an attempt to boost carbon-free energy to meet its emissions goals, Fox News informed. “The DOE has not historically subsidized plants but […]

Biden Approach to North Korea Nuclear Policy ‘Not Aimed at Hostility’: White House

May 3, 2021 Focus Washington

National Security Advisor Jake Sullivan responded to rebukes from Pyongyang by affirming that President Biden’s approach toward North Korea is “not aimed at hostility” but rather at “complete denuclearization,” Fox News informed. Sullivan reacted on ABC’s “This […]

Saudi Arabia in Talks to Sell 1% of Aramco to Foreign Investor

April 28, 2021 Focus Washington

Saudi Arabia’s crown prince said in televised remarks on Tuesday that the kingdom was in discussions to sell 1% of state oil firm Saudi Aramco to a leading global energy company, Voice of America (VoA) […]

Saudi Arabia’s Breakeven Oil Price To Drop To $65 Next Year

April 13, 2021 Focus Washington

Higher oil prices and an expected rebound in the global economy and oil demand are set to lower the fiscal breakeven oil price of the major Middle Eastern oil producers this year and next, with […]

Biden Plan Calls for $100 Billion in New EV Consumer Rebates

April 8, 2021 Focus Washington

The Biden administration’s $174 billion proposal to boost electric vehicles calls for $100 billion in new consumer rebates and $15 billion to build 500,000 new electric vehicle charging stations, according to a Transportation Department email […]

Saudi Aramco CEO Says Oil Giant Can Still Meet Dividend Expectations as Crown Prince Prioritizes Investments

April 1, 2021 Focus Washington

The chief executive of the world’s biggest oil company said Wednesday he believes it will still be able to meet dividend payout expectations after Saudi Arabia’s government announced plans to prioritize investments, CNBC reported. Crown […]

OPEC+ Panel Says Uncertainties May Impact Oil Demand Recovery

March 31, 2021 Focus Washington

OPEC+ has raised concerns that uncertainties may impact the recovery in oil demand due to rising numbers of virus infections globally and lockdown measures, according to a report from the group’s experts panel meeting seen […]

Oil Falls on Hopes That Suez Canal Blockage Might End Soon

March 29, 2021 Focus Washington

Oil fell on Monday as a container ship blocking Suez Canal for nearly a week was partially refloated raising hopes the busy waterway would soon be reopened and as fuel demand in Europe stayed weak, […]

Oil Prices Rise 2% on Fears Suez Blockage May Last Weeks

March 26, 2021 Focus Washington

Oil prices reversed a sharp sell-off a day earlier to rise about 2% on Friday on mounting fears that it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would […]

Democratic U.S. Senators Urge Biden to Speed Sanctions over Nord Stream 2

March 24, 2021 Focus Washington

Two senior U.S. Senate Democrats urged President Joe Biden’s administration on Tuesday to apply all its diplomatic weight to stop the Nord Stream 2 natural gas pipeline from Russia to Europe, increasing pressure from members […]

Blinken Warns Germany over Nord Stream 2 Pipeline

March 23, 2021 Focus Washington

U.S. Secretary of State Antony Blinken said on Tuesday the Nord Stream 2 pipeline being built from Russia to Germany ran counter to the European Union’s own interests and could undermine Ukraine, Reuters informed. Germany […]

Saudi Arabia Warns Attacks on Oil Targets Threaten Global Economy

March 10, 2021 Focus Washington

Saudi authorities said on Tuesday that terrorist attacks on oil installations in the Kingdom are attacks on the global economy, Arab News reported. During the weekly cabinet meeting, chaired by King Salman, ministers reviewed the […]

Oil Scales One-Year Peak as OPEC+ Rolls over Output for April

March 5, 2021 Focus Washington

Oil rallied more than 4% on Thursday, hitting its highest in over a year, after OPEC and its allies agreed to keep production unchanged into April, reasoning that the demand recovery from the coronavirus pandemic […]

Oil up as OPEC+ Considers Rollover Rather Than Raising Output

March 3, 2021 Focus Washington

Oil prices rose on Wednesday, boosted by expectations that OPEC+ producers might decide against increasing output when they meet this week, while signs of progress in the coronavirus vaccine rollout in the United States gave […]

Renewable Diesel Boom Highlights Challenges in Clean-Energy Transition

March 3, 2021 Focus Washington

For 17 years, trucker Colin Birch has been hitting the highways to collect used cooking oil from restaurants, Reuters writes. He works for Vancouver-based renderer West Coast Reduction Ltd, which processes the grease into a […]

Oil Slips on Fears over Higher OPEC Supply, Slower China Demand

March 2, 2021 Focus Washington

Oil prices slipped on Tuesday as expectations that top producers would agree to raise oil supply in a meeting this week weighed on sentiment, already hit by concerns over slowing Chinese demand, Reuters informed. Brent […]

OPEC, U.S. Oil Firms Expect Subdued Shale Rebound Even as Crude Prices Rise

February 22, 2021 Focus Washington

OPEC and U.S. oil companies see a limited rebound in shale oil supply this year as top U.S. producers freeze output despite rising prices, a decision that would help OPEC and its allies, Reuters informed. […]

Oil Drops as Investors Gauge Big Chill Impact on U.S. Refineries, OPEC+ Output Rise

February 19, 2021 Focus Washington

Oil prices slid more than 1% on Friday, adding to overnight declines, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a gap in demand, […]

U.S. Oil Wells, Refineries Shut as Winter Storm Hits Energy Sector

February 16, 2021 Focus Washington

A deep freeze across the United States is taking a toll on the energy industry in the largest U.S. crude-producing state, halting Texas oil wells and refineries on Monday and forcing restrictions from natural gas […]

Global Shares Hit New Peak, Oil up on Middle East Tensions

February 15, 2021 Focus Washington

Global shares rose for the 11th day in a row to hit a fresh peak on optimism about the rollout of COVID-19 vaccines and new fiscal aid from Washington, while tensions in the Middle East […]

Oil Loses More Steam After OPEC Reduced Demand Forecast

February 12, 2021 Focus Washington

Oil prices dropped for a second day on Friday, pulling further back from a one-year high after OPEC again lowered its demand forecast and the International Energy Agency said the market was still over-supplied, Reuters […]

Oil Drops After Strong Rally as New COVID Variants Weigh

February 11, 2021 Focus Washington

Oil prices fell on Thursday, paring recent gains, as renewed lockdowns and emergence of new coronavirus variants weighed on the prospects for a swift demand recovery, Reuters informed. Brent crude fell 28 cents, or 0.5%, […]

Saudi Aramco Prepares $10 Billion Loan for Pipeline Business Buyers

February 10, 2021 Focus Washington

Saudi Aramco is preparing a financing package of up to $10 billion that it could offer to buyers of its pipeline business unit, three sources said, as the oil giant seeks to extract value from […]

Oil Rally Extends for 9th Day on Supply Cuts, Demand Hopes

February 10, 2021 Focus Washington

Oil extended its rally for a ninth day on Wednesday, supported by producer supply cuts and hopes that vaccine rollouts will drive a recovery in demand, Reuters writes. The American Petroleum Institute said on Tuesday […]

Saudi Arabia Eyes New Methods of Oil, Gas Exploitation

January 25, 2021 Focus Washington

Saudi Arabia is planning to introduce new ways of oil and gas exploitation, Minister of Energy Prince Abdulaziz bin Salman said, during a ceremony to launch the energy ministry’s new identity, Arab News reports. The […]

OPEC Chief Pledges to Deepen Ties With New U.S. Administration

January 20, 2021 Focus Washington

Oil-producing group OPEC will continue to strengthen its relationship with the U.S. energy industry under Joe Biden’s new administration, the oil cartel’s Secretary General Mohammed Barkindo told CNBC on Tuesday. It comes despite the Democratic […]

Oil Companies, Aid Groups Plan to Press Biden to Allow Venezuela Fuel Swaps

January 18, 2021 Focus Washington

Representatives of fuel suppliers to Venezuela, importers of Venezuelan oil and advocacy groups said this month they plan to press the incoming administration of U.S. President-elect Joe Biden to reverse a ban on crude-for-diesel swaps, […]

Biden May Cancel Keystone XL Pipeline Permit as Soon as His First Day in Office

January 18, 2021 Focus Washington

U.S. President-elect Joe Biden is planning to cancel the permit for the $9 billion Keystone XL pipeline project as one of his first acts in office, and perhaps as soon as his first day, according […]

OPEC Crude Output Cuts Should Help U.S. Shale Profits in 2021

January 10, 2021 Focus Washington

A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms that have slashed costs, but any rise in prices spurred by the unexpected […]

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