London’s £10 daily “ T-Charge ” (toxicity), aimed at the oldest, most polluting vehicles on London roads, is now in effect. The T Charge applies mainly to diesel and gasoline Continue Reading
75% of the flying insects on protected lands in Germany seem to have died over the past 27 years. Researchers aren’t sure what’s responsible for the decline, but say climate Continue Reading
Equities rally on bets Trump seen pulling off tax overhaul WTI crude technicals form bullish “golden cross” formation Iraqi forces stand guard at the Bai Hassan oil field, west of Continue Reading
Despite renewed geopolitical risk on the oil market hailing from the Middle East, oil prices were down on Friday morning and set for a weekly loss as profit-taking weighed more Continue Reading
Crude prices have climbed this week as clashes between Iraqi government troops and forces from the semiautonomous Kurdish region disrupted some oil production and exports. Kurds voted nearly unanimously to Continue Reading
Crude oil prices drift lower in early Friday trading after strengthening in the U.S. dollar on a Senate move to overhaul the tax code. The rise in the value of Continue Reading
After lying dormant for a few months, the risk premium in oil is back. That, at least, is what many analysts have begun declaring in the wake of fighting in Continue Reading
Tension in the Middle East, combined with growing confidence in the likelihood of an OPEC extension, has very few analysts seeing a lot of downside risk. “The oil market is Continue Reading
There are clear signs the global oil market is balanced, which would support higher oil prices and investments if sustained, the head of Schlumberger said. “The reduction in global oil Continue Reading
U.S.-backed rebel forces handed control of Syria’s largest gas field to Russian forces yesterday, following talks between Russian and Kurdish officials in northeast Syria, according to a new report by Continue Reading
« ICCT study finds GHGs from shipping on the rise | Main | Lancet Commission report estimates pollution responsible for 9 million premature deaths globally in 2015; 16% of deaths Continue Reading
Russia’s biggest oil company, Rosneft ( ROSN.MM ), has agreed to take control of Iraqi Kurdistan’s main oil pipeline, boosting its investment in the autonomous region to $3.5 billion despite Continue Reading
Iranian oil and gas companies said they’ve signed agreements with an Italian power company to capture flared gas at one of the world’s largest natural fields. Pars Oil and Gas Continue Reading
Azerbaijan is ready to get in line behind any extraordinary effort needed to stabilize the market if a plan develops, its energy minister said Friday. Members of the Organization of Continue Reading
A day after U.S. supermajor Chevron said it was standing down in the Kurdish north of Iraq, British company Gulf Keystone Petroleum said all was well. “Gulf Keystone confirms that Continue Reading
War damage to port facilities in Libya could constrain production to around 1.25 million barrels per day, analysis from consultant group Wood Mackenzie found. Secondary sources reporting to the economists Continue Reading
Security forces standing guard as Iraqi Kurds take part in a demonstration outside the U.S. consulate in Erbil, the capital of the semiautonomous Kurdish region, on Friday. Many have questioned Continue Reading
Previous years Saudi Arabia has 16% of the world’s proved oil reserves, is the largest exporter of total petroleum liquids in the world, and maintains the world’s largest crude oil Continue Reading
Shell Nigeria has lifted the latest force majeure off its Bonny Light exports, which was introduced a month ago after a leak was discovered in one of the two pipelines Continue Reading
The Senate said on Thursday that it had began talks with Russian oil companies for partnership to develop Nigeria’s oil and gas sector. Disclosing this in an interview with newsmen Continue Reading
Barely two days after Aiteo Eastern Exploration and Production Company announced the completion of repairs of the Nembe Creek Trunkline (NCTL), Shell Petroleum Development Company (SPDC) thursday lifted force majeure Continue Reading
The technical partner of the Lagos Deep Offshore Logistics Base (LADOL), in the building of $3.8 billion Egina oil production vessel at LADOL’s Free Zone, Samsung Heavy Industry (SHI), has Continue Reading
A total of $26 million in unpaid bills has caused Venezuela’s PDVSA to be blocked from using a NuStar Energy oil storage terminal in the Caribbean, according to an exclusive Continue Reading
OPEC has not yet approached Mexico to discuss the possibility of extending the oil production cut deal sealed last November, Mexico’s deputy energy minister Aldo Flores told Reuters. Mexico was Continue Reading
While looking for partners to join in, Australian energy company Melbana said it was positioned for an early start to an oil drilling program in Cuba next year. Melbana is Continue Reading
China’s economy is on track to meet its official growth target for 2017, the head of the state planning agency said on Saturday, despite a punishing war on pollution which Continue Reading
Pollution is the largest environmental cause of disease and premature death in the world today, according to the newly released report detailing the adverse effects of pollution on global health Continue Reading
(Reuters) – The U.S. oil rig count fell for a third week in a row, extending a two-month drilling decline, although producers have sharply ramped up bets against a fall Continue Reading
The number of active oil and gas rigs in the United States took a steep dive this week, dipping 15 rigs —the third straight weekly loss. The total oil and Continue Reading
A lot of activity the past few days in Pennsylvania: home of the Marcellus shale, arguably the world’s best-performing unconventional natural gas and liquids play right now. And it looks Continue Reading
US shale oil production is unlikely to peak before the middle of next decade, but current fracking techniques may be risking the prospect of faster decline rates from tight oil Continue Reading
US petroleum product demand averaged more than 20.2 million b/d in September, 2.4% more than a year earlier and the highest level for the month since 2007, the American Petroleum Continue Reading
The world’s top two oilfield service firms on Friday warned slower producer spending and weakness in offshore exploration may weigh on current-quarter earnings, but said activity could improve in the Continue Reading
The U.S. oil rig count fell for a third week in a row, extending a two-month drilling decline, although producers have sharply ramped up bets against a fall in oil Continue Reading
Alaska is pursuing foreign investors for its oil and gas industry, hoping to advance recent discoveries while struggling to compete with lower-cost shale projects and reverse a decades-long output decline. Continue Reading
Russia’s TV channel REN TV on Friday aired a video of an air strike drill on a decommissioned boat in the Black Sea to warn Ukraine against attempts to recover Continue Reading
Oil prices rose on Friday, supported by signs of tightening supply and demand fundamentals, although a warning about excessive China economic optimism still weighed somewhat on markets. A man walks Continue Reading
Prices rose to a three-week high on Wednesday, boosted by rising political tensions in the Middle East. Clashes between Iraqi government forces and troops from the northern, semiautonomous Kurdish region Continue Reading
Oil prices fell more than 1 percent on Thursday, breaking four days of gains, pressured by larger-than-expected product inventories in the United States and profit-taking after a recent run-up in Continue Reading
Gunvor and Glencore see crude at $60 as demand growth quickens ‘Huge’ wave of U.S. shale could push price to to $45: Vitol The world’s biggest oil traders say crude Continue Reading
The investments necessary to provide electricity for the entire world population is less than 2 percent of total energy investments, the IEA said Thursday. A report from the International Energy Continue Reading
Crude oil exports in the first half of 2017 increased by more than 300,000 barrels per day (b/d) from the first half of 2016, reaching a record high of 0.9 Continue Reading
Your intuition may be taxed when I say this, but more electric vehicle sales does not quickly equate to declining piston-fired cars on the world’s roadways. Banning All Engines In Continue Reading
At its November 30 meeting, OPEC will seek to discuss making its current partnership with non-OPEC producers permanent, OPEC’s Secretary General Mohammad Barkindo told reporters at the Oil & Money Continue Reading
The Iraqi Oil Ministry said Thursday that it was advising oil companies that they should be making contracts and dealing only with the federal government. Iraqi Oil Minister Jabbar al-Luaibi Continue Reading
As the sun lowers over Kirkuk, crowds of young Arabs and Turkmen take to the streets waving Iraqi flags, dancing and honking car horns in celebration after central government forces Continue Reading
After over 40 years in the energy business, more than two decades of that with a parallel career in intelligence, I regularly witness the impact of global developments on the Continue Reading
The crisis unfolding around the Iraqi city of Kirkuk has left some of the world’s largest commodity trading houses worried. (Bloomberg) — The crisis unfolding around the Iraqi city of Continue Reading
LONDON/MOSCOW (Reuters) – Russian energy major Rosneft has agreed to take control of the main oil pipeline in Iraq’s Kurdistan, further boosting its role as the main international investor in Continue Reading
Northern Iraqi exports and output fell again this week as Baghdad’s oil ministry engineers scrambled to refit looted facilities that were recently recaptured from Kurdish forces, according to a new Continue Reading
