Lobbying for Russian pipeline spikes in Washington
As U.S. lawmakers plot to stop one of Moscow’s most important projects in Europe, the Nord Stream 2 pipeline, lobbyists supporting it are busier than ever but disclosing few details Continue Reading
BP Reports $17.7 Billion Loss, Cuts Dividend
The British energy giant aims to increase its low carbon investments to $5 billion a year by 2030, from around $500 million, at the same time as seeing its oil Continue Reading
Russian refineries may keep lower runs in August
Despite recommendations by the authorities, Russian refineries are not expected to raise runs significantly in August. The Russian energy ministry has urged oil producers to send additional volumes to domestic Continue Reading
BP’s oil, gas output to fall 40% by 2030 amid transition to carbon energy company
BP expects its oil and gas production to fall by at least 1 million b/d of oil equivalent or 40% over the next decade, as it transitions to a lower-carbon Continue Reading
Oil Dips as OPEC+ Starts to Unwind Cuts
Oil edged below $40 a barrel in New York as OPEC and allied producers started supplying more crude to a global market where many countries are still struggling to contain Continue Reading
Crude oil futures lower on weakening demand, rising supply
Crude oil futures were lower in mid-morning trade in Asia Aug. 3 as weakening demand and rising supply weighed on market sentiment. At 10:48 am Singapore time (0248 GMT), the Continue Reading
Oil falls on fears of glut as OPEC+ set to boost output
Oil prices fell on Monday on oversupply worries as OPEC and its allies are set to wind back output cuts in August and a rise in worldwide COVID-19 cases points Continue Reading
Coastal flooding could hit nearly 20% of global GDP as climate change accelerates storms, sea level rise
A general view shows people walking across the flooded St. Mark’s Square, by St. Mark’s Basilica on November 15, 2019 in Venice, two days after the city suffered its highest Continue Reading
Gas Finds Trigger a Standoff in the Mediterranean Between an Isolated Turkey and Rivals
The contest over newfound gas riches in the Eastern Mediterranean has triggered a slew of rival maritime claims, pushing the region’s main powers—all of them America’s partners or allies—toward open Continue Reading
Iran Oil Refinery Workers Stage Strike Over Pay
Contractors working for the Qeshm Heavy Oil Refinery Co. staged a protest outside the company’s building after announcing a strike over pay, the semi-official Iranian Labour News Agency reported. The workers Continue Reading