Iran launched missiles at U.S.-led forces in Iraq early on Wednesday, retaliating for the U.S. drone strike on an Iranian commander whose killing last week stoked fears of a new Continue Reading
While all are distracted by the vast display of smoke and mirrors surrounding the US-Iran conflict, General Haftar is taking control of Libya–and all its oil wealth–and the Turks are Continue Reading
The American obsession with Iran is about oil and natural gas. If these two resources had been absent, it is hard to imagine such an intense American focus on the Continue Reading
Libya’s oil revenues fell by 19 percent from October to stand at US$1.8 billion in November 2019, the country’s National Oil Corporation (NOC) said , attributing the decline to the Continue Reading
The planned arrival of Turkish military advisers in Libya should bolster the internationally recognized government, but may not be enough to turn the tide of a conflict in which eastern-based Continue Reading
The Trump administration is considering sanctions against some of the Venezuelan lawmakers who took part in a bid supported by President Nicolas Maduro to wrest control of the country’s congress Continue Reading
Venezuelan security forces let U.S.-backed opposition leader Juan Guaido enter the legislative palace on Tuesday amid a showdown for control of parliament after the ruling socialist party installed its own Continue Reading
Apache and France’s Total said Tuesday they have struck what they call a “significant” oil and gas discovery offshore Suriname, the first sizable find in that country after several years Continue Reading
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This story was co-published with The Weather Channel as part of Collateral , a series on climate, data and science. As millions of acres of American farmland sat under historic Continue Reading
Sea levels could rise by 140 centimeters in Bangladesh by 2100 Bangladesh and parts of India could be hit by sea-level rise almost twice as high as previously thought due Continue Reading
U.S. tariffs against China triggered a slide in imports in November, contributing to the lowest trade deficit in three years. U.S. exports also picked up, the Commerce Department said Tuesday. The foreign-trade Continue Reading
U.S. shale producers have boosted their hedges to lock in higher oil prices for their production this year and next as oil prices shot up following the heightened tension in Continue Reading
Two weeks after France’s supermajor Total joined Apache Corporation in a highly prospective block offshore Suriname, the two oil corporations announced a significant oil discovery in the block, stoking hopes Continue Reading
Dominion Energy said Tuesday it selected Siemens Gamesa to supply offshore wind turbines for its 2,600-MW installation off the coast of Virginia, but the project’s economics could be challenged if Continue Reading
The Atlantic Coast Pipeline faced another legal setback Tuesday, as the 4th US Circuit Court of Appeals vacated a state air permit for a compressor station in Buckingham County, Virginia, Continue Reading
The U.S. Gulf of Mexico made history in August as it exceeded oil production of 2MMbopd, according to the U.S. Bureau of Safety and Environmental Enforcement. The U.S. Gulf of Continue Reading
The oil industry’s top lobbying group on Tuesday is launching a campaign to counter attacks from 2020 Democratic hopefuls vowing to phase out fossil fuels. (Bloomberg) — The oil industry’s Continue Reading
Aramco Services Co. has signed an IPPA with Sempra LNG for the Port Arthur LNG project in Jefferson County, Texas. Saudi Aramco’s Aramco Services Co. unit has signed an interim Continue Reading
An unseasonably warm and impressively waterlogged storm system is set to bloom across the Eastern United States late this week, bringing the chance of severe weather — including a few Continue Reading
The Federal Emergency Management Agency recently released a National Preparedness Report that does not mention climate change, despite global warming’s impact on natural disasters such as wildfires. The Trump administration’s Continue Reading
Greenhouse gas emissions in the United States dropped last year after a sharp increase in 2018, new data released Tuesday show. The drop resumed a long-term downward trend driven chiefly Continue Reading
The summer heatwaves of 2019 resulted in almost 900 extra deaths, according to statistical analysis from Public Health England. Over the past four years more than 3,400 people have died Continue Reading
PARIS — French unions blockaded several oil refineries on Tuesday, aiming to cause shortages at petrol stations after a month-long public transport strike failed to force the government to withdraw Continue Reading
Exxon’s refinery at Fos-sur-Mer in France was blocked by a strike of union workers on Tuesday as part of a massive French strike against a proposed pension reform, and shipments Continue Reading
Oil product supply remains ample across France despite a renewed call from labor unions for blockades of refineries, the government and oil companies said Tuesday. The CGT union has called Continue Reading
Poland’s energy regulator URE said Tuesday it was “doubtful” the country would meet its binding 2020 EU target to produce 15% of its final energy consumption from renewable energy sources. Continue Reading
Crude oil futures were lower in midmorning trade in Asia Tuesday as market participants pointed out that despite mounting tensions between the US and Iran, there was no immediate threat Continue Reading
World shares steadied and oil pulled back from multi-month highs on Tuesday after dramatic post-new year moves, as investors judged prospects of an all-out conflict between the United States and Continue Reading
Brent is trading in the neighborhood of $70 per barrel, a price not seen since the spring of 2019. The unexpected assassination of one of the most important figures in Continue Reading
Oil prices edged up on Monday, after Brent touched above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a Continue Reading
Although oil prices hit a seven-month high on Friday and continued to soar early on Monday, these high price levels are unlikely to persist for long if global oil supplies Continue Reading
Repsol has drilled oil wells in Libya Benjamin Lowy/Getty Images The world’s appetite for oil could peak within five years, according to one of Europe’s biggest oil and gas firms Continue Reading
The developers of the lithium-ion battery won the Nobel Prize in Chemistry 2019, in recognition of a scientific achievement that has helped power our mobile phones, laptops, and electric vehicles Continue Reading
OPEC’s crude oil production further declined in December as the cartel’s leader Saudi Arabia continued to lead by example cutting much more than required and as the biggest laggards in Continue Reading
Iran’s Supreme Leader Ayatollah Ali Khamenei wept in grief with hundreds of thousands of mourners thronging Tehran’s streets on Monday for the funeral of military commander Qassem Soleimani, killed by Continue Reading
OPEC and its allies thought they’d be facing a potential crisis of oversupply in the oil market in the early goings of 2020, but instead the assassination of Iranian General Continue Reading
Iran’s clerical leadership, under “Supreme Leader” Ayatollah Ali HoseiniKhamene‘i, is expected to make rapid, significant, and symbolic responses to the targeted killing in Baghdad on January 3, 2019, of Iranian Continue Reading
Chevron has temporarily evacuated expatriate staff and contractors from Iraqi Kurdistan in response to the killing of Iranian General Qassem Soleimani and heightened tensions in the Middle East, but said Continue Reading
US President Donald Trump threatened to slap sanctions on Iraq after the parliament in Baghdad voted to kick foreign troops out of OPEC’s second largest oil producer and Iran decided Continue Reading
Relations between Iraq and the U.S. are descending into uncertainty and turmoil, as Prime Minister Adil Abd al-Mahdi formally notified the U.S. on Monday that he intends to implement a Continue Reading
Libyan forces loyal to eastern-based commander Khalifa Haftar said on Monday they had taken control of the strategic coastal city of Sirte in a rapid advance preceded by airstrikes. Holding Continue Reading
The United Nations Libya envoy said on Monday that a country supporting commander Khalifa Haftar’s self-styled Libyan National Army (LNA) was likely responsible for a deadly drone attack on a Continue Reading
The self-styled Libyan National Army is fighting an insurgency against the UN-backed Government of National Accord Rebel forces in Libya say they have taken control of the coastal city of Continue Reading
The East Mediterranean has become a highly contested region due to the discovery of major hydrocarbon reserves which has triggered a scramble for energy wealth. According to the United States Continue Reading
Through a combination of bribing local retail investors via preferential loans , threatening wealthy Saudis with a re-run of their treatment in the Ritz Carlton in 2017 , and inveigling Continue Reading
US LNG export terminal developers are stepping up their courtship of Saudi Aramco to secure investments in their projects, following the state-owned oil and gas company’s IPO last month. Receive Continue Reading
Nigeria’s oil sector may not get a much-needed revamp in 2020 as President Muhammadu Buhari’s state-led economic model will likely throttle reform and blunt efforts to increase oil production in Continue Reading
The dramatic escalation of Middle East tensions and the risk of higher oil prices will likely prevent a quick recovery in India’s oil products’ appetite, which is already at multiyear Continue Reading
The US may respond to escalating political disarray in Venezuela by allowing a sanctions waiver for Chevron and four US oil services companies to expire later this month and could Continue Reading
