The world's reliance on fossil fuels is far from over, despite international climate change deals. Read full story › Source:: CNBC energy       

By hellenicshippingnews Intercontinental Exchange Inc has proposed limiting the size of positions investors can hold next year when trading Dubai futures, a document issued by the exchange to its members showed. The proposed measure is aimed at securing the reliability of the contract, as trade volumes and open interest for the Asian crude oil benchmark […]

By hellenicshippingnews Impact investment firm Wermuth Asset Management (WAM), has said that regardless of whether oil prices rise around potential OPEC production-capping news, there is no long-term future for the hydrocarbon sector. Solar power is now available at $3 cent/kWh, which is equivalent to oil at $5/barrel. According to WAM research, continued investment in Oil […]

By hellenicshippingnews The international relations of Iran which is known as the fourth largest oil and the second largest gas reserves in the world have undergone major change following the implementation of JCPOA, and its icy relations with other countries seems to be thawing in the years of sanctions. From the early days of clinching […]