Several major economies, including the U.S. and Canada, rely heavily on fossil fuel production and exports. But the surging market penetration of renewable energy technologies, energy efficiency improvements, and climate Continue Reading
AFP Protesting French farmers have begun blockading a number of oil refineries and fuel depots around the country. Will it lead to fuel shortages at petrol stations across France as Continue Reading
An Irish minister works to convince European energy leaders to break an economic link with oil during a conference in Luxembourg. File Photo by John Angelillo/UPI June 11 (UPI) — Continue Reading
Coming off a record-setting year in terms of income, Russian oil company Gazprom Neft ‘s chairman said shareholders are now reaping the rewards. The board of directors at Russia’s third-largest Continue Reading
For the first week of June, Russia produced some 11.1 million barrels per day (bpd), far exceeding production limits outlined in the deal, Interfax news agency said on Saturday, citing Continue Reading
The world’s biggest truckmaker says Silicon Valley should hit the brakes on expectations for self-driving lorries. Martin Daum, chief executive of Daimler Trucks, says it will take at least five Continue Reading
A major tax overhaul in Russia’s oil industry is about to start pressuring the earnings of major oil companies. Refiners will be hit hardest as the overhaul will increase the Continue Reading
Oil prices slipped on Monday, pulled down by rising Russian production and the highest U.S. drilling activity in more than three years but supported by concerns over future Iranian and Continue Reading
OPEC may still consider extending its cooperation with non-OPEC partners on managing supplies despite a tightening market and the recent geopolitics-led rise in oil prices, Qatari oil minister Mohammed al-Sada Continue Reading
The upcoming OPEC meeting on June 22 is shaping up to be a contentious one, after news broke that the U.S. government asked Saudi Arabia to increase oil production before Continue Reading
