Iran’s nuclear chief on Monday warned nations that struck the 2015 deal of ominous consequences if they didn’t follow through with action to keep the economic benefits of the agreement Continue Reading
Saudi Arabia raised oil production to an all-time high in November, an industry source said on Monday, as U.S. President Donald Trump piled pressure on the kingdom to refrain from Continue Reading
Cash-strapped Venezuela settled a $1.2 billion arbitration claim that will prevent a creditor from stripping away its crown jewel foreign asset, the U.S.-based Citgo Petroleum Corp refining business, according to Continue Reading
Venezuela is the fifty-seventh country to encounter hyperinflatio n in modern history. The economist Steve Hanke estimated — using the doctrine of purchasing power parity (PPP) — that the country’s Continue Reading
The steep plunge in crude futures in the last few weeks was triggered by a nascent glut as supply-growth started to outpace demand, but it was also part of a Continue Reading
The fields outside Kotawaringin village in Central Kalimantan, on the island of Borneo, looked as if they had just been cleared by armies. None of the old growth remained — Continue Reading
One reason is the warming planet and longer growing seasons. Temperatures around La Crete are 3.6 degrees Fahrenheit warmer on average annually than in 1950, Canadian federal climate records show, Continue Reading
The Trump White House, which has defined itself by a willingness to dismiss scientific findings and propose its own facts, on Friday issued a scientific report that directly contradicts its Continue Reading
Antonio Sortino In August, a lawyer for Exxon Mobil told a state court in Manhattan that New York’s attorney general should either sue the company for misleading investors about the Continue Reading
BEIJING (Reuters) – Russia shipped record volumes of crude oil to China in October as independent refiners continued to fill import quotas, while Iranian oil shipments fell on uncertainty over Continue Reading
French oil and gas major Total said on Monday that deliveries of refined products from three of its French refineries and an oil depot were still blocked due to an Continue Reading
Natural gas, a vital energy source for homes, factories and power plants, is the world’s fastest-growing fossil fuel. Supplying it to the West, and increasingly to Asian powers like China Continue Reading
Russia’s Gazprom Export is to hold an auction Monday on its Electronic Sales Platform (ESP) for natural gas delivery in January 2019 to the German Gaspool hub, according to an Continue Reading
Battery electric cars emit less greenhouse gases and air pollutants over their entire life cycle than petrol and diesel cars, according to a European Environment Agency (EEA) report. Promoting renewable Continue Reading
Oil prices slid more than 6 ppercentto below $60 a barrel on Friday to the weakest levels in more than a year, dragging the US stock market back into correction territory, as Continue Reading
Brent slumps over 6% to $58.45/b in London Concern on oversupply weigh on sentiment OPEC set for crunch meeting on December 6 London — OPEC is showing no public signs Continue Reading
Oil traders pointed to a mix of factors for Friday’s selloff. Economic growth outside the U.S. has flagged, raising fears that demand for crude will also decline. In export-dependent Germany, Continue Reading
Oil prices slumped up to nearly 8 percent to the lowest in more than a year on Friday, posting the seventh consecutive weekly loss, amid intensifying fears of a supply Continue Reading
North American oil producers that have been increasing spending to take advantage of this year’s higher prices will dial back as November’s reversal fuels worries about a 2019 surplus, energy Continue Reading
The latest collapse in oil prices has proved some investors right in their lack of confidence in energy stocks this year. Crude prices surged to a four-year high early in Continue Reading
While the IEA got a lot of coverage for its World Energy Outlook 2018 (WEO 18), there might be a little snippet that got way underappreciated. On page 159 of Continue Reading
Under such a scenario, the Organization of the Petroleum Exporting Countries would announce plans to retain current output targets, first set in 2016. That move would imply a production pullback Continue Reading
The U.S. wants to use sanctions on Iran to pry Iraq out of Tehran’s orbit but fears it could weaken the country, which is only just emerging from a three-year Continue Reading
Saudi Arabia is producing oil in excess of 10.7 million barrels a day, more than in recent years, Energy Minister Khalid Al-Falih said, giving the strongest indication yet that the Continue Reading
By Gift Phiri, Blessings Mashaya, Jeffrey Muvundusi and Bernard Chiketo Government assured motorists yesterday that there were no shortages of fuel and urged them not to engage in panic buying Continue Reading
The government blamed illegal logging for the rise Deforestation of the Amazon rainforest in Brazil has hit its highest rate in a decade, according to official data. About 7,900 sq Continue Reading
The 14 subsalt areas that Brazil sold at the country’s five production-sharing auctions will yield about 2.1 million b/d and 24 million cu m/d in fresh output by 2028, according Continue Reading
Climate change will cost the U.S. economy hundreds of billions of dollars by the end of the century, damaging everything from human health to infrastructure and agricultural production, according to Continue Reading
A major scientific report issued by 13 federal agencies on Friday presents the starkest warnings to date of the consequences of climate change for the United States, predicting that if Continue Reading
Scientists are more certain than ever that climate change is already affecting the United States — and that it is going to be very expensive. A property is engulfed in Continue Reading
Climate change could cost the US hundreds of billions of dollars and cause thousands of deaths every year by the end of the century unless there is a global shift Continue Reading
You may not have heard, but electric vehicles are just another one-percenter boondoggle, Jay Gatsby’s cream-colored Rolls Royce reincarnated and partly paid for by you, the toiling masses, via various Continue Reading
Oil major Total’s output will rise to 3 million barrels of oil equivalent per day in 2019, Chief Executive Patrick Pouyanne said on Friday. The company has said its production Continue Reading
After months of low water on Germany’s rivers, levels on the main transport artery the Rhine have fallen again to near-record lows seen mid-October causing more utilities to warn about Continue Reading
Police fired tear gas and used water cannon to disperse protesters in Paris who are angry over rising fuel costs and President Emmanuel Macron’s economic policies, the second weekend of Continue Reading
Highlights 40% cut targeted for fossil energy instead of 30%: de Rugy Renewables share in power mix to more than double by 2030 Nuclear closures by 2028 key uncertainty in Continue Reading
Oil prices declined for the second day in a row on Friday, hitting their lowest level in almost one year on the back of concerns over an increase in global Continue Reading
Oil prices plunged to their lowest since late 2017 on Friday in choppy trading, weighed down by an emerging crude supply overhang and a darkening economic outlook. To counter bulging Continue Reading
Oil prices fell on Thursday after U.S. crude inventories swelled to their highest level since December stoking concerns about a global glut but OPEC talk of an output reduction limited Continue Reading
The global LNG market could move into a state of undersupply earlier than expected, the head of industry body GIIGNL warned Thursday. Jean-Marie Dauger, speaking at the Petrostrategies gas conference Continue Reading
Fossil fuels have driven rising prosperity for more than 200 years and today provide 80 percent of human energy needs. But carbon dioxide emissions from their use threaten potentially catastrophic Continue Reading
More than 100 people were arrested during a week of action across the UK as protesters demanded the government treat the threats posed by climate change as a crisis and Continue Reading
When it comes to measuring ice loss at the poles , and predicting what might happen next, scientists need as much accurate data as they can get – and a Continue Reading
A UN report has revealed that wealthy donor countries are more than $20bn short of their 2020 target to help poorer nations combat climate change, as the host of next Continue Reading
Saudi Arabian Energy Minister Khalid al-Falih said on Thursday that he sees weak oil demand in January and said the kingdom would respond accordingly to cool the global market’s anxiety. Continue Reading
“Saudi Arabia — if we broke with them, I think your oil prices would go through the roof. I’ve kept them down,” President Trump told reporters on Tuesday. “They’ve helped Continue Reading
The chips are finally starting to fall in place for Saudi Arabia over the killing of dissident Saudi journalist Jamal Khashoggi last month. Early Thursday, Denmark announced that it had Continue Reading
Iran’s tracked oil exports in November plummeted by several hundred thousand barrels per day compared to October, as many Iranian customers hadn’t nominated barrels amid uncertainty whether they would get Continue Reading
Russia’s Gazprom Neft has signed a memorandum of understanding with South Sudan to explore four oil blocks, South Sudan’s petroleum minister said on Tuesday. The oil arm of Russian gas Continue Reading
Libyan crude will soon be making the long journey to a refinery in New Zealand in a rare export route for the North African country’s oil, which usually finds homes Continue Reading
