article thumbnail

Iran negotiations, OPEC meeting loom for oil markets

Green Car Congress

As November draws to a close, there are two major events that could profoundly change the oil markets. With the clock ticking, the 5 permanent members of the UN Security Council plus Germany (P5 plus 1) are negotiating down to the wire with Iran over its nuclear program. As a result, Iran’s GDP fell by 5.8

Iran 236
article thumbnail

How the Huawei Fight is Changing the Face of 5G

Cars That Think

What's at stake is control of international 5G networks, which are expected to transform global communications. Huawei has long been regarded as a rogue player in the international telecoms market with deep ties to the Chinese Communist Party. Washington embarked on an intense campaign to block Huawei, and Ms.

Chinese 120
article thumbnail

Opinion: The Current Oil Price Rally Is Reaching Its Limits

Green Car Congress

Iran also continues to add production, albeit at a slower-than-expected rate. Drilling for oil in shale is already a “short-cycle” event—a well can take weeks or months to be completed, whereas an offshore project can take several years. In fact, the rally to $40 was largely driven by speculation. More output is bearish.”