Africa, South America to cooperate on energy, natural resource development

Leaders from Africa and South America agreed Thursday to cooperate on raw material development and energy policy at a one-day summit in Nigeria’s capital. The two regions plan to “explore the possibility of developing a common energy strategy,” according to a statement from the meeting. The regions also agreed to exchange information and technical knowledge […]

EU, Caspian, Black Sea States Plan Common Energy Market

A plan that paves the way for an integrated common energy market between the European Union and governments of the oil and gas rich Caspian and Black Sea regions was agreed today at a ministerial conference held in the Kazakh capital, Astana. Known as an Energy Road Map, the plan was agreed by the European […]

Russia approves plan to double domestic natural gas prices

The Russian government approved a plan Thursday to more than double local natural gas prices by early next decade to make the economy more efficient, but it avoided a steep increase before parliamentary elections next year.Officials have said that the cabinet will guarantee that there will be no steep price rises for ordinary Russians, while […]

Oil market is oversupplied, says Opec

The global oil market is ‘overall oversupplied,’ said the acting secretary general of Opec, the organization that supplies 40% of the world’s crude, two weeks before a meeting to decide whether the group should reduce production to support prices. It’s ‘premature’ to expect dwindling stockpiles will keep the Organisation of Petroleum Exporting Countries from cutting […]

Western oil companies face Asian upstarts in Africa

Western oil companies operating in Africa, one of the world’s fastest growing petroleum regions, are meeting their match – in the form of Asia’s national oil companies. Aggressive, determined and motivated by burgeoning domestic demand, the Asian upstarts are making their way into African plays by addressing the countries’ developmental needs, aided by huge state […]

Surprise: Oil Woes In Iran

Few countries can match Iran in its ability to generate angst among Westerners. It appears determined to become a nuclear power. Tehran’s Islamic leaders aid radical groups across the Middle East. And as the U.S. gets bogged down in Iraq, Iran’s influence in the region is on the rise, fueled in large part by its […]

« Previous Page

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy