Earth’s oceans are under severe strain from climate change, a major new United Nations report warns, threatening everything from the ability to harvest seafood to the well-being of hundreds of Continue Reading
While global leaders meet in New York to discuss solutions to climate change, the U.S. government has offered a sober assessment of the world’s ability to wean itself off fossil Continue Reading
After attacks on its oil infrastructure, Saudi Arabia is moving forward with the much-anticipated initial public offering of its state-owned oil company and considering a proposal to offer investors a Continue Reading
Iraq set an all-time record for oil output in August, producing nearly 5 million barrels per day (bpd) — a significant increase that demonstrates the country’s potential to provide a Continue Reading
Crude declined to the lowest since Saudi Arabia’s oil industry suffered devastating attacks as investors gauged the kingdom’s efforts to restore production. Futures in New York settled down 1.4% to the Continue Reading
The International Energy Agency is confident Saudi Arabia will do all it can to keep the oil market well supplied despite the recent attacks, but at the same time it Continue Reading
Meanwhile, Saudi Arabia has stopped short of directly accusing Iran of mounting the airstrikes, partly because Saudi officials are concerned that escalating military responses would debilitate the kingdom’s economy further, Continue Reading
Two days after Iran said that the detained UK-flagged oil tanker was “free to leave Iran,” officials in the Islamic Republic said on Wednesday that the detention order had been Continue Reading
Saudi Aramco has restored Saudi Arabia’s oil production capacity to 11.3 million bpd—the level before the attacks on oil facilities ten days ago, Reuters reported on Wednesday, citing three sources Continue Reading
Long lines of drivers at gas stations in Cuba and hours of wait for public transport are signs of the impact of sanctions imposed by the United States this year Continue Reading
