Billions at stake in court battle over North Sea oil and gas
PA MediaProtesters from Greenpeace and Uplift gathered outside the Court of Session in Edinburgh at the start of the caseHow much oil - and how…
Trump names Interior-designee Burgum to head new White House energy council
WASHINGTON — President-elect Donald Trump announced Friday that North Dakota Gov. Doug Burgum, his choice to head the Interior Department, will also lead a newly created…
COP29 host Azerbaijan brands oil and gas ‘gift from God’ | Climate News
President Aliyev accuses West of hypocrisy for criticising country’s fossil-fuel dependence while buying its oil & gas.Azerbaijan’s president has branded oil and gas a “gift…
U.N. climate conference in Azerbaijan puts petrostate in the spotlight
The spotlight is on Azerbaijan as the small petrostate in the South Caucasus prepares to host the U.N.’s biggest climate conference, which opens Monday. Diplomats…
U.S. secures 200 million barrels of oil for strategic reserve
The U.S. Department of Energy said Friday that 200 million barrels of oil have been bought for the strategic oil reserve. It will add 20…
UAE in pledge to increase oil output despite fall in prices
The pledge from the United Arab Emirates (UAE) comes a year after it hosted the COP28 climate talks which ended with a call by nearly…
How One of the Tiniest Oil Markets Cost Trafigura Over $1 Billion
Breadcrumb Trail LinksPMN BusinessA small but profitable fuel-supply business concealed a ballooning web of credit exposures.Author of the article:Bloomberg NewsJack Farchy, Alfred Cang, Archie Hunter, Terrence Edwards…
Big Oil Dials Up Output Growth Just as OPEC Mulls Supply Boost
Breadcrumb Trail LinksPMN BusinessExxon Mobil Corp. and Chevron Corp. capped Big Oil earnings season by revealing blockbuster increases in fossil fuel production — just as…
Oversupply Could Mute Effects of Wider Middle-East Conflict on Oil Prices
Global commodity prices are set to tumble to a five-year low in 2025 amid an oil glut that is so large that it is likely…
Biden announces sharp cuts to methane emissions as Congress delays his climate agenda
The Biden administration announced on Tuesday plans to crack down on emissions of methane, a greenhouse gas many times more potent than carbon dioxide that…
Oil prices plunge as Israel spares Iran’s oil facilities in retaliatory attack
Crude prices plunged as Israel launched a limited retaliation attack on Iran, sparing its oil and nuclear facilities. China reported disappointing economic data, further weakening…
South African Indigenous people fight Big Oil to defend ancestors’ spirits | Environment News
Shell’s final lifeline Once an exploration permit is granted, the holder of the permit is able to apply for up to three renewals, after which…
Oil prices could be cut in half if Saudis open the taps
Breadcrumb Trail LinksNews$30 crude could challenge viability of oilsands projectsPublished Oct 21, 2024 • 4 minute read You can save this article by registering for…
Oil Prices Show How Numb Traders Have Become to US Sanctions
Breadcrumb Trail LinksPMN BusinessA week ago, the US government imposed yet more sanctions on Iran’s oil trade. Crude prices have sagged more than $5 a…
Oil slumps as fears recede that Israel may target Iran’s oil facilities
Amid recent sluggish Chinese economic data and uncertainty surrounding potential stimulus measures, oil markets have lost momentum, dragging energy stocks down in European markets. ADVERTISEMENTCrude…
World Set for Cheaper Energy on Shift From Oil and Gas, IEA Says
Breadcrumb Trail LinksPMN BusinessThe world is heading into an era of cheaper energy prices as a shift towards electricity use leaves behind surpluses of oil…
US imposes sanctions on Iran’s oil sector over missile attack on Israel | Politics News
Washington, DC – The United States has imposed sanctions on companies and vessels that are allegedly engaged in trading and transporting Iranian oil, in order…
Middle East tension is ratcheting up; could oil prices rise? | Oil and Gas
Fears of a widening war in the Middle East have pushed up oil prices.Geopolitical tensions in the Middle East have historically led to a sharp…
Middle East tension is ratcheting up; could oil prices rise? | Oil and Gas
Fears of a widening war in the Middle East have pushed up oil prices.Geopolitical tensions in the Middle East have historically led to a sharp…
Oil and gold retreat as fears of a widening Middle East war diminish
Easing fears of a potential Israeli attack on Iran's oil facilities have sent both oil and global prices sharply lower on Tuesday. However, volatility is…