Senior Saudi Prince Miteb bin Abdullah, once seen as a leading contender to the throne, was freed after reaching an “acceptable settlement agreement” with authorities paying more than $1 billion, Continue Reading
Even though more crude oil than gas comes out of the Bakken shale in North Dakota, the pace of growth for gas is far greater, a federal report found. North Continue Reading
A steady supply of gasoline, despite North American pipeline disruptions, means U.S. drivers may see gas prices drop into December, analysis finds. Motor club AAA reported a national average retail Continue Reading
The Keystone oil pipeline running through North America is operating at a reduced pressure following a mid-November spill in South Dakota, the operator said. TransCanada said the Keystone repair and Continue Reading
But most of the U.S. oil production is light tight oil, and American exports—especially those of very light sweet crude—may hit a demand constraint next year, Bill Barnes , director Continue Reading
Exxon Mobil inaugurated the Hebron field in Canada’s Newfoundland this week, just as OPEC gears up to announce extended cuts at its quarterly conference in Vienna at the end of Continue Reading
Battery prices need to drop by more than half before electric vehicles will be competitive with cars powered by internal-combustion engines, according to Bloomberg New Energy Finance, whose two-day Future Continue Reading
Norwegian energy company Statoil said it was planning a battery system for a floating wind farm that will be “smart ” enough to compensate for calm conditions. The company said Continue Reading
The UK government has lent its support to the UK’s shale gas industry in a recently published white paper. The UK government has lent its support to the UK’s shale Continue Reading
Oil prices fell on Tuesday on uncertainty over the outcome of a key OPEC meeting this week due to decide on production policy for the next year. Brent crude oil Continue Reading
