ENERGY

The daily oil rollercoaster continues, and one week after tumbling to the lowest price of the year, oil is once again spiking, as news of more Libyan oil turmoil emerge. 

Brent rose as much as 3% and briefly topped $80, after Libya suspended oil exports from five eastern ports, and the country’s output dipped further amid an escalating stalemate over who controls the central bank.

The eastern-based government ordered the halt of oil-loading operations at the ports of Brega, (more…)

By Tsvetana Paraskova of OilPrice.com

The Iran-aligned Houthis have agreed to allow salvage crews including rescue ships and tugboats to access an oil tanker that the Houthis hit with a missile in the Red Sea earlier this month.

“Several countries have reached out to ask Ansarullah (the Houthis), requesting a temporary truce for the entry of tugboats and rescue ships into the incident area," Iran’s mission to the United Nations in New York said, as carried by Reuters. (more…)

Authored by Ross Pomeroy via RealClearScience,

At the dawn of the millennium, Germany launched an ambitious plan to transition to renewable energy. “Die Energiewende” initiated a massive expansion of solar and wind power, resulting in a commendable 25 percent reduction in carbon emissions by 2022 compared to (more…)