Despite easing sanctions and some…
Analysts from BP Plc have…
Concerns over the safety of tar sands oil from Canada is at the forefront of the political debate in the United States. President Obama's critics accuse him of being a…
Beijing said recently it wanted to increase the amount of oil it gets from Russia through a major oil pipeline running to the Pacific Ocean. Beijing, however, would likely have…
The U.S. new sanctions initiative, strongly supported by Israel, to impose new sanctions against Iran, is designed to punish it for its purported covert nuclear weapons program by imposing new…
Venezuela said it was ready to welcome a Russian energy company into the giant Orinoco oil belt, solidifying a relationship propped up by a multi-million investment from Moscow last year.…
Canadian Conservative Prime Minister Stephen Harper is in the midst of an official visit to China. His mission? To convince Beijing’s mandarins to buy Canada’s Alberta oil sands…
Never, it would seem, has the oil market been in such a state of disarray. Brent crude, the global benchmark, hit US$117 per barrel this week for the first time…
Iranian lawmakers this week expressed support for a measure that would beat the European Union to the punch by cutting off oil exports before the summer. Tehran's measure amounts to…
On January 26, Bloomberg Businessweek printed an editorial by Charles Kenny titled, "Everything You Know About Peak Oil Is Wrong". This editorial reflects several common misunderstandings. According to Kenny:…
Scotland under First Minister Alex Salmond announced plans to hold a referendum on independence from the United Kingdom in 2014. Edinburgh maintains it can support itself without the help of…
When Communism collapsed in the Soviet Union in December 1991, many Europeans naively thought that the new Russian government would fully embrace “Western” values. Two decades later, after a…
Media reports suggests that India has agreed to pay the price of crude oil it imports from Iran in gold, which makes it the first country to drop the US…
U.S. lawmakers spent most of this week lobbing insults at the Cuban government while assessing the risks of an offshore oil spill about 90 miles from the southern Florida coast.…
Our economy runs on oil. Most of the tractors used for growing food run on oil. Nearly all of today’s cars and trucks run on oil. It is popular to…
Since gaining independence in July, Middle East and North African experts have expressed concerns that border conflicts and disputes over the sharing of oil revenue could threaten a very fragile…
Energy companies are renowned for taking risks as they scour the globe for new opportunities.That said however, Canada’s Vancouver, BC-based Horn Petroleum Corporation, a unit of Africa Oil…
Well, its official – on 23 January European Union foreign ministers agreed to ban the import of Iranian oil as part of sanctions designed to pressure Iran to end its…
While the Gulf of Mexico is one of the world’s most heavily developed offshore oil production sites, one area has remained offline up to now – Cuba’s offshore waters.
Over a year since America's worst oil spill in the Gulf of Mexico, big oil finally gets back to business... with a vengeance. For the first time since BP's Deepwater…
By any yardstick, Nigeria, Africa’s most populous nation, should be black Africa’s glittering success story. A member of the Organization of Petroleum Exporting Countries, producing 2.5 million barrels per…
As international pressure tightens against the regime of Syrian President Bashar al Assad, the Croatian national oil joint stock company Industrija Nafte (Oil Industry, or INA) is coming under increasing…
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