Energy companies in Colorado are spending millions of dollars to derail a push by environmentalists to put measures on November’s ballot that would stifle oil and gas drilling in the Continue Reading
BP on Thursday estimated costs from its deadly 2010 Gulf of Mexico spill will total $61.6 billion after it agreed to a new $5.2 billion charge it said largely drew Continue Reading
An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, Continue Reading
Russian economy clings to growth next year, but faces medium-term risks because of weaker crude oil prices, the International Monetary Fund said. Photo by Denis Larkin/Shutterstock WASHINGTON, July 14 (UPI) Continue Reading
Theresa May’s decision to abolish the department of energy and climate change in Thursday’s ministerial reshuffle has provoked angry criticism from environmental groups and some MPs. “It sends a terrible Continue Reading
Oil prices rallied from sharp losses on Thursday but brokers said the downtrend could resume soon as record-high stocks and worries over slowing economic growth dampened sentiment. Brent crude oil Continue Reading
Oil industry hopes that markets are about return to balance, ending a global glut that pulled down prices by over 70 percent between 2014 and early 2016, might be abruptly Continue Reading
A gas flame in the desert near the Khurais oil field, about 160 kilometers from… Global crude markets have undergone an “extraordinary transformation,” swinging from a major surplus to near Continue Reading
Iran could step in to help address European energy security concerns once the doors to financial regimes open, the speaker of the Iranian parliament said. Speaker Ali Larijani told visiting Continue Reading
OPEC delegates say comments from top exporter Saudi Arabia, which two years ago led the group to drop its historic role of supporting oil prices, are a change in tone Continue Reading
