BP Plc, the first oil major to report first-quarter earnings, posted a surprise profit as a stronger-than-expected refining and trading performance helped mitigate the lowest crude prices in more than Continue Reading
Now more than two years on since the revolutionary events on Maidan and Russia’s subsequent annexation of Crimea, Ukraine is still largely without its footing. Political infighting is again on Continue Reading
Oil rig at sunset image via shutterstock . Reproduced on Resilience.org with permission. It’s not looking good for the global fossil fuel industry. Although the world remains heavily dependent on Continue Reading
Oil retreated from the highest close in five months amid signs a global glut will be prolonged as Middle East producers boost supplies. Futures fell more than 1.5 percent in Continue Reading
Oil prices dipped on Monday as traders took profits after three weeks of gains and as a jump in the dollar late last week was priced into fuel markets. Front-month Continue Reading
A Pioneer Natural Resources facility in Texas last December. The company has boosted its hedges… U.S. oil producers aren’t letting the rally go to waste. In an about-face, companies are Continue Reading
In the depths of the ocean off the coast of Uruguay, more than two miles below sea level, the oil industry is continuing to push back the frontier. Last month Continue Reading
People inspect damage at a site hit by Saudi-led air strikes in the al Qaeda-held port of Mukalla city in southern Yemen April 24, 2016. Yemeni government forces and their Continue Reading
Oil exporting countries in the Middle East lost a staggering $390 billion in revenue due to lower oil prices last year, and should brace for even deeper losses of more Continue Reading
An activist-run monitoring group says a car bomb has exploded in a suburb of Damascus that is home to one of the holiest Shiite shrines in Syria, killing six people. Continue Reading
