Markets News Oil 

Oil prices rise on signs of falling U.S. inventories

“The OPEC monthly oil market report is also scheduled for release in the morning” writes Markets Reporter for marketwatch.com. Prices for Brent crude oil, the global benchmark, pulled back Tuesday after rallying to a 2½-year high following news that a major North Sea pipeline would be shut down for weeks.Oil prices rose Wednesday after data from an industry group showed a decline in U.S. crude supplies, putting traders on watch for an official reading due later in the day.The system delivers almost 40% of the U.K.’s North Sea oil and…

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Oil prices rebound as market moves on from OPEC deal

“Oil prices, meanwhile, headed higher a day after dropping to a three-week low” writes Christopher Alessi for marketwatch.com. The market’s focus continues to be rising U.S. crude production, according to analysts.Also on Nymex Thursday, prices for oil looked to recoup some of their recent losses.The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas edged up by 2 billion cubic feet for the week ended Dec. 1. Source: marketwatch.com Share This:

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China in pole position amid ‘desperate’ global race to secure lithium supplies

“China is outpacing the U.S. and other countries in a global race to secure supplies of an all-important element for electric cars” writes Str Afp for cnbc.com. As demand for electric vehicles skyrockets, Chinese firms have rapidly been making deals in a bid to secure supplies of lithium — a vital component used in batteries for electric vehicles.China has emerged as the leading market player for electric and hybrid cars, accounting for approximately half of global sales. Demand for lithium had been “bubbling under the surface” for several years, Moores…

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The US wants China to cut off oil supplies to North Korea

“North Korea has been buying oil from Russia as well but in much smaller amounts and continues to be dependent on Chinese supplies” writes Irina Slav for businessinsider.com. North Korea’s leader Kim Jong-Un said this test showed that North Korea had become a full nuclear power.Haley called on all nations to sever all ties with North Korea and continued with the warnings saying if China did not cut off its oil supply to North Korea, the U.S. would “take the oil situation into our own hands,” suggesting further escalation of…

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Military-Grade Killer Drones Are Starting to Hit the Market

“Now, military-grade killer drones operable by a crew of one or two and capable of carrying precision-guided microbombs are starting to make their way into the global defense market” writes Kyle Mizokami for popularmechanics.com. The recent explosion of the consumer drone market has had far-reaching effects, the deadliest being their adaptation to weapons of war.One of the first is Velvet Wasp, the drone that can carry anything from bombs to first aid supplies. Source: popularmechanics.com Share This:

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Nikki Haley calls for states to cut all ties with North Korea

“Haley said Trump had called Chinese President Xi Jinping and urged him to “cut off the oil from North Korea” writes Chris Grayling for telegraph.co.uk. “That would be a pivotal step in the world’s effort to stop this international pariah,” she said, issuing a stern warning to Kim.The United States on Wednesday called on the international community to cut all diplomatic and trade ties with North Korea – including Chinese oil shipments to Pyongyang after a groundbreaking missile test by the pariah regime. Source: telegraph.co.uk Share This:

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US calls on China to stop oil supplies to North Korea and warns if it comes to war ‘regime will be utterly destroyed’

“Haley said Trump had called Chinese President Xi Jinping and urged him to “cut off the oil from North Korea” writes Chris Grayling for telegraph.co.uk. “That would be a pivotal step in the world’s effort to stop this international pariah,” she said, issuing a stern warning to Kim.The United States on Wednesday called on the international community to cut all diplomatic and trade ties with North Korea – including Chinese oil shipments to Pyongyang after a groundbreaking missile test by the pariah regime. Source: telegraph.co.uk Share This:

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Natural gas supplies could be tight in Southern California this winter, state authorities warn

“California utilities and energy authorities are warning that Southern California Gas Co. might not be able to provide enough natural gas for all its customers if a cold snap hits this winter” writes Ivan Penn for latimes.com. Picker and other state regulators said natural gas supplies should be fine under normal winter conditions, but a severe, lengthy cold spell could overburden the system.Southern California Gas is racing to figure out how to mitigate the problem for customers on high-demand days this winter. Source: latimes.com Share This:

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Drones to tackle traffic and deliver medical supplies in UK cities

“Fleets of civilian drones could soon dart through the skies of UK cities, delivering urgent medical supplies, easing traffic congestion and helping emergency services, according to a Government-backed scheme” writes Ben Farmer for telegraph.co.uk. The scheme hopes the UK will become a world leader in shaping the burgeoning technology, as it moves out of the hands of hobbyists and the military and into widespread civilian use. Source: telegraph.co.uk Share This:

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