Oil headed for its largest monthly drop since July as Iran signaled the Organization of Petroleum Exporting Countries won’t reduce its production target at a meeting this week. Futures were Continue Reading
The dollar hit its strongest since mid-March against its peers at the start of a week likely to highlight the divergent outlooks for U.S. and euro zone interest rates, while Continue Reading
If the Organization of Petroleum Exporting Countries keeps its policy of favoring market share over prices when it meets Dec. 4, most members will probably find themselves unable to balance Continue Reading
Royal Dutch Shell RDS.A 0.28 % can’t forcibly renegotiate the deal it struck in April to buy oil and gas producer BG: The U.K. Takeover Panel wouldn’t allow it. And Continue Reading
A London tribunal has ruled that the Kurdistan Regional Government (KRG) owes its largest gas investors nearly $2 billion for past production.In an award from the London Court of International Continue Reading
The embarrassment of fuel scarcity in an oil-exporting country continued for the 5thweek across the country, with petrol selling for as high as N400 per litre in some states. It Continue Reading
Iran offered on Saturday about 50 oil and gas projects to be developed by foreign investors with local partners under a new scheme it hopes will initially generate $25 billion Continue Reading
Iran, OPEC’s fifth-largest crude producer, has potential to generate more revenue from mining than it does from crude if the government puts more focus on developing the metals sector, according Continue Reading
Iran on Saturday presented a new model for oil contracts it could offer to foreign oil firms as it seeks to attract Western investors ahead of an end to sanctions. Continue Reading
Venezuela’s PDVSA said on Friday that Canadian miner Crystallex had no justification for a complaint in a U.S. court seeking to recover $2.8 billion from the state oil company. Crystallex Continue Reading
Pressure is building on Saudi Arabia to rein in its oil output after a year of pumping full tilt, setting up the most contentious OPEC meeting in years. A year Continue Reading
Oil bulls can say farewell to another quiet Atlantic hurricane season in the Gulf of Mexico, which ends Monday without a storm-induced price rise to lift crude from its once-in-a-generation Continue Reading
China’s government on Monday took aim at the nation’s grid companies with a plan to introduce more competition into its power sector that could ultimately lower electricity prices for Chinese Continue Reading
The International Monetary Fund is expected to admit China’s renminbi to its elite basket of reserve currencies on Monday in what would be a major vote of confidence in Beijing’s Continue Reading
Rising seas besieging China ’s economically vital coastal zones. Mighty feats of infrastructure, like the Three Gorges Dam and railway in Tibet , strained by turbulent rainfall and the melting Continue Reading
“No change.” It was roughly one year ago that Kuwait’s oil minister succinctly delivered the message that would turn the oil market on its head. The group of oil producing Continue Reading
The ruble headed for its biggest monthly decline since July amid a flight by investors unnerved by geopolitical tension following Russia’s imposition of sanctions against Turkey and a renewed sell Continue Reading
Russian president Vladimir Putin all but banned his citizens from the Turkish beaches of Antalya this weekend, making good on his promise of “serious consequences” following the downing of a Continue Reading
French police officers patrol in front of the entrance at the venue for the World Climate Change Conference 2015 (COP21) at Le Bourget, near Paris, France, November 29, 2015. Senior Continue Reading
The single most important benchmark underpinning this week’s talks in Paris on climate change —two degrees Celsius—has guided climate-treaty discussions for decades, but scientists are at odds on the relevance Continue Reading
PARIS—President Barack Obama and Microsoft co-founder Bill Gates will launch a multi-billion-dollar initiative Monday to accelerate clean-energy research and development as part of a global effort to fight climate change. Continue Reading
Who is attending and what are they trying to achieve? About 40,000 ministers, officials, business executives, climate campaigners and journalists are expected to descend on the Le Bourget airfield convention Continue Reading
President Obama and more than 100 world leaders will convene with thousands of diplomats on Monday on the outskirts of Paris to open two weeks of intense negotiations aimed at Continue Reading
Photo Credit James Yang for The New York Times As of this October, the Earth had warmed by about 1.7 degrees Fahrenheit since 1880, when tracking began at a global Continue Reading
The oil complex settled lower in low-volume, post-holiday US trade Friday, led by prompt NYMEX crude and ULSD futures. NYMEX January crude settled $1.33 lower at $41.71/b, while December ULSD Continue Reading
The fires continue to burn in the oil sector. The longer that oil prices persist near cycle lows, the more likely it is that a wave of defaults from the Continue Reading
It looks to be a volatile final few weeks for crude oil prices. So far, the low for WTI oil prices in 2015 of $37.75 a barrel set in August Continue Reading
Oil prices fell Friday, pressured by a stronger dollar and growing pessimism that the global oversupply of crude remains strong. January crude closed down $1.33, or 3.1%, to $41.71 a Continue Reading
Macroeconomic concerns emerged as factors weighing on crude oil prices after tensions surrounding Middle East violence eased in Wednesday trading. Belgian security concerns following terror attacks in Lebanon, France, Mali Continue Reading
Iran is set to reveal the framework of oil and gas contracts to lure back international oil companies on Saturday. It is expected to offer more flexible terms on oil Continue Reading
An increasing number of Iranian soldiers and militiamen appear to be dying in Syria’s civil war, and observers credit media from an unexpected country for revealing the trend: Iran. A Continue Reading
Over the course of the last four or so weeks, the media has paid quite a bit of attention to Islamic State’s lucrative trade in “stolen” crude. On November 16, Continue Reading
Air pollution in Beijing reached hazardous levels on Saturday as smog engulfed large parts of China despite efforts to clean up the foul air. At noon, the U.S. Embassy in Continue Reading
Canada is poised to lose energy companies as the industry faces the “new normal” of lower and more volatile oil prices along with tougher climate and regulatory policies, billionaire investor Continue Reading
The corn ethanol lobby is shocked—shocked, it says —that the United States government has declined to list the Renewable Fuel Standard (RFS) as one of the measures the country will Continue Reading
Ukraine is seeking extra imports of anthracite coal from South Africa and other sources on looming shortages after supplies from Russia and territories controlled by pro-Russian separatists in Donetsk and Continue Reading
France has offered a key concession to the US on the eve of historic climate talks in Paris, saying a new global climate accord will not be called a “treaty” Continue Reading
Activists continue to block repair work to power lines in southern Ukraine that supply electricity to Crimea, as power outages in the disputed peninsula move into their sixth straight day, Continue Reading
Crude oil futures fell on Friday with losses this month standing at around 9 percent, hurt by disappointing Chinese economic data and worries over a supply glut. A firmer U.S. Continue Reading
The U.N. atomic energy agency is preparing to wrap up a more than a decade-long probe of alleged nuclear weapons work by Iran, but its report will stop short of Continue Reading
Questions will probably be left unanswered when International Atomic Energy Agency inspectors conclude their assessment of Iran’s past nuclear activities next week. Investigators’ conclusion on whether Iran’s nuclear work has Continue Reading
Glencore Plc oil chief Alex Beard defended the company’s crude-export contract with Libya’s National Oil Corp. in the west of the divided country after the competing administration in the east Continue Reading
Ali al-Nimr – whose case sparked a global outcry – is reportedly among those at risk of execution Amnesty International has expressed alarm at reports that the authorities in Saudi Continue Reading
The United Nations atomic energy arm is unlikely to draw clear conclusions in its report next month on whether Tehran once had a nuclear weapons program, the agency’s chief suggested Continue Reading
Israel’s Foreign Ministry says the country will soon open an office at a renewable energy agency in Abu Dhabi, the United Arab Emirates’ capital – even though the two nations Continue Reading
The recurrent deterioration of the financial crisis that repeatedly hits the already economically struggling state governments in Nigeria, and which further exhausts their rapidly depleting finances hence affects their ability Continue Reading
In his last interview before his arrest on Wednesday morning, Brazilian billionaire banker André Esteves gave no hint of any impending trouble. “We are in a tough moment,” the relaxed Continue Reading
Doubts over a planned $50bn waterway across Nicaragua that aims to compete with the Panama Canal are set to intensify after the Chinese-led project was postponed by up to a Continue Reading
Chinese shares slumped 5 percent on Friday, hit by regulatory and industrial sector worries, though it wasn’t enough to derail the first weekly rise for metals like copper and zinc Continue Reading
Profits earned by Chinese industrial companies fell 4.6 percent in October from a year earlier, data from the statistics bureau showed on Friday, declining for the fifth consecutive month. Industrial Continue Reading
