Now that Japanese giants Toshiba and Hitachi have walked away from UK nuclear power projects that had previously been abandoned by others, it has forced the government to reassess the Continue Reading
Republican and Democratic U.S. senators on Thursday unveiled a resolution calling for the cancellation of Russia’s Nord Stream 2 natural gas pipeline, a link under the Baltic Sea from Russia Continue Reading
Oil steadied on Thursday as growing expectations that global supply could fall significantly short of demand this year lent support, offsetting the negative impact of a rise in U.S. inventories. Continue Reading
After a decades-long legacy of dismissing the potentially meteoric rise of electric cars, oil and gas companies are finally changing their tune. In fact, in some sectors Big Oil is Continue Reading
The world is in the middle of what is likely to be the warmest 10 years since records began in 1850, say scientists. The Met Office is forecasting that temperatures Continue Reading
OPEC and Russia are officially working to establish a formal alliance that would allow for the indefinite management of the oil market. The OPEC/non-OPEC coalition, often referred to as “OPEC+”, Continue Reading
OPEC’s crude oil production plummeted by nearly 1 million bpd from December to 30.86 million bpd in January, marking the lowest production for the cartel since March 2015, as Saudi Continue Reading
A unit of forces loyal to Libya’s UN-backed government in Tripoli has been sent south to secure the country’s largest oil field, Sharara, which has been shut in for nearly Continue Reading
OPEC pumped the fewest barrels since March 2015 in January, with crude output plunging to 30.86 million b/d, a fall of 970,000 b/d from December as new supply quotas went Continue Reading
A Libyan general has seized the country’s largest oil field, according to officials, cementing control over one of the North African nation’s key economic resources and increasing the likelihood the Continue Reading
