UK’s oil, gas, and chemicals group Ineos called on the UK government on Monday to either lift the seismicity limit on fracking from a currently “unworkable” and too-low ceiling, or Continue Reading
Russian oil production has not yet reached its peak and expectations that it could decline in the next few years are not justified, Alexei Sazanov, head of the finance ministry’s Continue Reading
The European car market remained stable during 2018, as 15.6 million vehicles were registered—just 346 more than in 2017— according to JATO Dyanmics. It was the best result since 2007, Continue Reading
The EU has no appetite for general sanctions targeting Venezuela or its state-owned oil company PDVSA, despite the US imposing sweeping curbs on the latter earlier this week, official EU Continue Reading
BP on Friday announced it has accepted one of two shareholder proposals for greater transparency of the company’s efforts to combat climate change. Photo courtesy of BP Feb. 1 (UPI) Continue Reading
Russian oil output declined to 11.38 million barrels per day (bpd) in January, or by around 35,000 bpd from the October 2018 level, the baseline for the global oil accord, Continue Reading
After months of deliberations, European countries have set up the special payment channel to handle trade with Iran that would allow transactions with Iran, including oil, as the European Union Continue Reading
Russia, which stands by Nicolas Maduro in the ongoing Venezuelan political crisis, will use “all available legal mechanisms” to defend its interests in the Latin American country, in which Russian Continue Reading
This weekend, Germany became the latest large European economy to lay out a plan to phase out coal-fired power generation, aimed at cutting carbon emissions—a metric in which Berlin has Continue Reading
Gazprom has not been able to obtain a loan from the China Development Bank for part of the US$14 billion financing the Russian gas giant aims to raise for the Continue Reading
