A group of former senior US officials from past Republican administrations has backed a tax on carbon dioxide emissions, with revenues used to pay hundreds of dollars to every American Continue Reading
After several years of neglect, oil investors are again betting heavily on the price difference between two global benchmarks – Brent and U.S. crude futures – due to a push Continue Reading
While oil drillers in US shale basins are starting to see business come back, their offshore brethren will have to wait for prices to surge well above $60 a barrel. Continue Reading
The oil bust is over and producers are spending again to boost output, but the industry’s giants are changing how they replenish their reserves. That might make Big Oil less Continue Reading
Volkswagen AG launched a U.S. subsidiary Tuesday designed to oversee $2 billion in investments to promote zero-emission vehicles such as electric cars, a commitment the German auto giant made in Continue Reading
The falling cost of electric vehicle and solar technology will halt demand growth for oil and coal from 2020, according to research published on Thursday, posing a threat to fossil Continue Reading
Oil companies Shell and Phillips 66 together bought 6.4 million barrels of oil last week from the Strategic Petroleum Reserve (SPR), according to a Department of Energy document released on Continue Reading
The U.S. Army Corps of Engineers will grant the final easement needed to finish the controversial Dakota Access Pipeline, according to a court filing Tuesday. The line had been delayed Continue Reading
BP PLC said it needs oil prices to rise to $60 a barrel in order to break even, as the British oil giant ramped up debt levels last year to Continue Reading
The first month of the six-month OPEC deal is in the books and the early signs suggest that the oil group is thus far coming close to delivering on its Continue Reading
