OPEC countries are ready to reach a “forceful” agreement on cutting oil output, Venezuelan President Nicolas Maduro said on Wednesday, following a meeting with OPEC Secretary-General Mohammed Barkindo in Caracas. Continue Reading
OPEC and Russia will meet in Doha on Thursday for another round of talks without ministers from Iran and Iraq, the two countries that pose the biggest obstacle to a Continue Reading
Iraq’s oil minister will bypass energy talks this week in Qatar, where rival producer Saudi Arabia plans to hold talks with Russia on possible collective action to limit production. His Continue Reading
Oil Pumps If the oil industry’s upstream investments continue to be lower next year, there is a material risk that the world could end up with a shortage in new Continue Reading
Norwegian oil and gas company DNO said Wednesday it signed a memorandum of understanding to examine oil field development in Iran. DNO signed an agreement with the National Iranian Oil Continue Reading
OPEC’s top official heads to Iran, Venezuela and Ecuador Russia, Saudi Arabia to attend informal consultations in Doha OPEC embarked on a final diplomatic effort to secure an oil-cuts deal, Continue Reading
Qatar, Algeria, Venezuela said to lead effort to secure cuts U.S. crude stockpiles forecast to increase a third week Oil rebounded from the lowest close in eight weeks as OPEC Continue Reading
The International Energy Agency expects global oil consumption to peak no sooner than 2040, leaving its long-term forecasts for supply and demand unchanged despite the 2015 Paris Climate Change Agreement Continue Reading
Carbon capture and storage likely the only real way to cut emissions from power plants, the International Energy Agency says. File photo by Stephen Shaver/UPI PARIS, Nov. 15 (UPI) — Continue Reading
Global oil demand won’t stop growing before 2040 despite pledges made at the Paris climate change summit last year to cap greenhouse-gas emissions, the head of the International Energy Agency Continue Reading
