U.S. President Donald Trump’s unexpected decision to ban all Iranian oil purchases after May 1 – ending exemptions for eight nations – came after hawkish economic and security advisors allayed Continue Reading
Iranian President Hassan Rouhani reiterated on Wednesday that Tehran will continue selling its oil despite U.S. sanctions and said Washington’s policy of putting pressure on Iran would fail in practice. Continue Reading
Despite a national image of support to peace and development worldwide, a central agenda of Norway in Somalia for over a decade has entailed methodical maneuvering to control petroleum resources. Continue Reading
A Dutch court said on Wednesday it has jurisdiction to hear a damages suit brought against energy company Royal Dutch Shell by four widows of activists executed by the Nigerian Continue Reading
Venezuelan opposition leader Juan Guaido on Tuesday made his strongest call yet to the military to help him oust President Nicolas Maduro, and violence broke out at anti-government protests as Continue Reading
Challenging geology, insufficient infrastructure, and low well productivity are set to result in China badly missing its own shale gas production target to 2020, analysts say. China has set a Continue Reading
Market gloom over the health of the Chinese economy has flipped to optimism that government stimulus has taken it past its soft patch. But Tuesday’s disappointing manufacturing surveys show that Continue Reading
U.S. crude oil production fell 187,000 barrels per day in February to 11.7 million bpd as output dropped in the Gulf of Mexico and key on-shore oil-producing states including Oklahoma Continue Reading
Warren Buffett’s Berkshire Hathaway Inc. agreed to inject $10 billion into Occidental Petroleum Corp.’s bid to acquire Anadarko Petroleum Corp. and fight off Chevron Corp. Last week, Houston-based Occidental offered Continue Reading
When John Barrasso, a Republican from oil and uranium-rich Wyoming who has spent years blocking climate change legislation, introduced a bill this year to promote nuclear energy, he added a Continue Reading
