Russia has provided air cover to a leading Western-backed opposition group in Syria, President Vladimir Putin said Friday, calling for closer coordination with the U.S.-allied coalition – comments that may Continue Reading
Crude oil prices remained at levels not seen since early 2009 on Friday as output in the Middle East continued to rise despite an already huge global glut, with analysts Continue Reading
Saudi women headed to the polls in a nationwide municipal election on Saturday, voting and running for office for the first time in their country’s history. Out of 6,900 candidates Continue Reading
More than six months after falling to the Islamic State, the city center of Ramadi is under siege by Iraqi security forces and tribal fighters backed by American air power. Continue Reading
In September 2015, monthly U.S. crude oil imports from Mexico totaled 0.6 million barrels per day (b/d), the lowest level since 1990, and a decrease of about 50% since January Continue Reading
China’s activity data was stronger than expected in November, with factory output growth picking up to a five-month high, signaling that a flurry of stimulus measures from Beijing may have Continue Reading
China’s crude processing climbed to a record after some refineries resumed operations following maintenance. Refineries in the world’s second-largest oil consumer processed 43.92 million metric tons of crude last month, Continue Reading
U.S. junk bonds posted their steepest decline since 2011, intensifying fears that a six-year bull market in stocks and other risky assets is nearing an end. The largest high-yield exchange-traded Continue Reading
The puddle under the slide at the Tam Hung Kindergarten is inky black. A security guard says the staff has to sweep coal dust off the playground every morning. Parents Continue Reading
Lifting a ban on U.S. crude oil exports could help address security issues for allies overseas more exposed to regional crises, U.S. Sen. Lisa Murkowski said. The Senate Energy Committee Continue Reading
Spanish energy company Repsol said it was offering up a portion of its holdings in a U.S. shale basin in favor of a position in operations offshore Norway. Repsol divested Continue Reading
Chemical giants DuPont and Dow Chemical Co agreed to merge in an all-stock deal valuing the combined company at $130 billion in a win for activist investors that could spark Continue Reading
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. this week declined by 28 to 709. Houston’s Baker Hughes Continue Reading
The overall US drilling rig count plunged 28 units to 709 during the week ended Dec. 11, representing its lowest level since Sept. 17, 1999, according to Baker Hughes Inc. Continue Reading
The 40-year-old ban on most U.S. crude oil exports will “very likely” be lifted in the government spending bill, and talks on the final budget deal are likely to continue Continue Reading
As diplomats in Paris try to secure an international agreement to rein in carbon pollution from fossil fuels, lawmakers in Washington are pushing a tax break for oil refiners as Continue Reading
Exxon Mobil Corp. promoted Darren Woods to president, putting him on a path to succeed Chairman and Chief Executive Officer Rex Tillerson as leader of the world’s largest energy producer Continue Reading
Congress is likely going to lift the nation’s 40-year-old ban on oil exports as part of broader spending and tax legislation , according to congressional aides of both parties, a Continue Reading
British energy company BP said it started sea trials for a floating production platform that will serve as a hub for developments west of the Shetland Islands. BP, working on Continue Reading
Full-year Russian natural gas production could be off by about 2 percent because of what the government said was expectations of lower consumption. Russian Deputy Energy Minister Kirill Molodtsov said Continue Reading
Europe’s drivers are in for a winter treat as plummeting oil prices and a surplus of distillates are set to pressure diesel pump prices that are already at six year Continue Reading
A group of climate scientists said Friday that the latest draft for an international deal to tackle global warming showed serious inconsistencies and would require much deeper cuts to emissions Continue Reading
Bringing tens of thousands of people together in one place at the same time to discuss the future of the planet emits a lot of carbon. Organizers of the climate Continue Reading
The 195 nations participating in climate talks here will be handed what officials said will be the final draft of the deal to tackle global warming later Saturday. They will Continue Reading
While world leaders are making last-ditch efforts Saturday to seal a powerful accord in Paris, China is assuring the world of its great resolution in the global climate campaign with Continue Reading
The rapid growth in global carbon dioxide emissions over the last decade appears to have stalled, a new study says. Early estimates suggest that global emissions will decrease by 0.6% Continue Reading
Oil headed for the biggest weekly decline since March amid speculation OPEC’s decision to effectively scrap production targets will keep the market oversupplied. Futures were little changed in New York Continue Reading
Crude oil prices remained at levels not seen since early 2009 on Friday as output in the Middle East continued to rise despite an already huge global glut, with analysts Continue Reading
Oil prices fell slightly on Thursday, setting a fresh six-year low on signs that supplies are still rising around the globe despite a glut that has collapsed prices. The Organization Continue Reading
Short selling in the S&P 500 energy sector rose in November to its highest in years, outpacing that in the benchmark S&P 500 index as crude oil prices continued to Continue Reading
The first response of commodity producers to a drop in prices is normally to increase production – ensuring price falls become deeper and more prolonged. Producers attempt to make up Continue Reading
The global oil surplus will persist at least until late 2016 as demand growth slows and OPEC shows “renewed determination” to maximize output, according to the International Energy Agency. The Continue Reading
Back when the global recession trashed oil demand and prices, the likes of BP Plc and Vitol Group found a novel way to profit: They stashed crude on tankers. With Continue Reading
Futures show 76% likelihood that Fed will act on Dec. 16 The dollar rose for a second day against the yen ahead of next week’s Federal Reserve meeting, when investors Continue Reading
This was supposed to be the year oil prices turned around. Ten banks surveyed by The Wall Street Journal in March predicted that U.S. crude would average $50 a barrel Continue Reading
The Organization of the Petroleum Exporting Countries pumped more oil in November than any month in three years, in another sign that the group has no plans to slow down Continue Reading
OPEC raised crude output to the highest in more than three years as it pressed on with a strategy to protect market share and pressure competing producers. Output from the Continue Reading
OPEC pumped more oil in November than in any month since late 2008 and forecast little increase in demand for its crude next year, pointing to a larger supply surplus Continue Reading
Russia’s defence ministry officials displayed satellite images on Wednesday which they said showed columns… Islamic State militants are engaged in oil trading worth as much as $40 million a month Continue Reading
Saudi Arabia can’t afford to wait for oil prices to recover and needs to accelerate economic measures to avoid rising unemployment, deficits and debt, McKinsey & Co. Inc. said in Continue Reading
The Bakken and North Dakota production data for October is out. The Numbers a little surprising. Bakken & North Dakota Bakken production was up 7,520 barrels per day to 1,113,930 Continue Reading
Oil Spreads Some of the biggest oil explorers in the Western Hemisphere are cutting budgets yet again to conserve cash as a plunge in energy markets shows no signs of Continue Reading
ConocoPhillips said Thursday it was preparing for a sustained period of lower crude oil prices by making significant reductions in capital and operating costs. “We’re setting an operating plan for Continue Reading
North Dakota oil producers increased production in October in a spasm of activity as signs emerge of a prolonged slump, a state report finds. The North Dakota Industrial Commission reported Continue Reading
Gasoline prices have plunged, but the boost to consumer spending has been muted, perplexing economists…. When the tumble in oil and gasoline prices began in mid-2014, experts widely expected it Continue Reading
Half of the 10 worst-performing junk bonds over the past week were issued by Chesapeake, the Oklahoma City company that is the second-largest U.S. natural gas producer behind Exxon Mobil Continue Reading
Oil’s messy reckoning is inviting a U.S. mega-deal in 2016. Companies and governments are modifying capital strategies amid another lurch down in crude prices. If these conditions persist, something like Continue Reading
Meanwhile, plunging oil prices have reduced demand for drilling, complicating the oilfield-service giants’ efforts to find buyers for assets they would need to sell for the deal to pass regulatory Continue Reading
Bank of Russia to keep key rate at 11% on Friday: survey The ruble gained for a third day, sparking concern the currency is overvalued relative to the price of Continue Reading
Coal mining CEO Robert Murray looks at the Paris climate talks and sees nothing but a farce. A two-week parade of world leaders, scientists and corporate executives attesting to the Continue Reading
