Shale oil has a place in the British energy mix, but exploitation will require environmental safeguards and industry expertise, a government agency said. The future of British energy is uncertain Continue Reading
Shale gas fracking Poland’s race to explore shale gas is now over , after its state-run firm PGNiG and oil refiner PKN Orlen cancelled exploration projects there. Polish gas was Continue Reading
Today, Russian President Vladimir Putin pledged to cooperate with Saudi Arabia’s proposal to reduce oil production in an effort to boost oil prices. Bruce Pile says that Russia and Saudi Continue Reading
The British government needs a new set of guidelines to address shortfalls in policies in place to cut emissions, a government committee on climate change said. Britain under its Climate Continue Reading
Barents sea oil The latest 3D seismic surveys suggest that there may be billions of barrels of undiscovered oil in the Barents Sea, according to a geology and geophysics expert Continue Reading
U.S. crude stocks rose much more than analysts expected last week, the first gain in six weeks as refineries cut output in the less-active maintenance season, the U.S. Energy Information Continue Reading
A worker checks the valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym, Russia, January 25, 2016. Oil prices Continue Reading
OPEC’s two largest oil producers Saudi Arabia and Iraq told the oil producer group that their production continued to be at elevated levels, helping the organization’s output to rise sharply Continue Reading
OPEC’s effort to secure cooperation of non-members in a global deal to curb crude output will roll on from Istanbul to Vienna, with Russia on board but growing internal differences Continue Reading
Tension is brewing in the oil market as the optimism of financial players who have poured cash into crude futures is not shared by physical players who keep cutting sale Continue Reading
