Fossil fuel millionaires collectively pumped more than $100m into Republican presidential contenders’ efforts last year – in an unprecedented investment by the oil and gas industry in the party’s future. Continue Reading
Russian state gas giant PAO Gazprom has secured a €2 billion ($2.17 billion) loan from Bank of China Ltd., the largest single-bank credit in the Russian company’s history and a Continue Reading
We have been living in a world of rapid globalization, but this is not a condition that we can expect to continue indefinitely. Figure 1. Ratio of Imported Goods and Continue Reading
Oil prices fell on Thursday after weekly U.S. data showed a big increase in crude stockpiles, underscoring the continuing oversupply of oil. Prices initially rose after the report was released Continue Reading
Oil prices reversed earlier gains on Thursday as swelling U.S. crude inventories outweighed growing sentiment that a 20-month-long market rout is coming to an end. Brent futures rose to $37.17 Continue Reading
A spike in U.S. crude oil inventories and questions about Chinese economic recovery brought an end to a short-term rally in oil prices in Wednesday trading. Crude oil prices have Continue Reading
The Iraqi government signed a $296 million deal with Italy’s Trevi firm on March 2 to repair and maintain the strategic Mosul Dam, Alsumaria News reported. An Iraqi government spokesman Continue Reading
Even as Iran and Saudi Arabia supported opposite sides in a bitter and bloody proxy war in Syria, the two adversaries managed to preserve a tense calm just over the Continue Reading
Saudi Arabia’s decision to raise oil prices to its main customers in Asia may just be another sign that crude markets are indeed on the road to recovery. The world’s Continue Reading
Egypt and Gulf Arab crude producers have yet to let Saudi Arabia’s regional rival Iran resume oil shipments through a pipeline they operate to supply customers in Europe and the Continue Reading
