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All Eyes On OPEC As Another Oil Glut Looms

All Eyes On OPEC As Another Oil Glut Looms

As its semi-annual meeting nears,…

The Next Gold Rush Could Be About To Happen Here

The Next Gold Rush Could Be About To Happen Here

Gold miners are thriving as…

Houthis Rebels Hijack Saudi Ship Carrying Oil Rig

Houthis Rebels Hijack Saudi Ship Carrying Oil Rig

The Iranian-aligned Houthis in Yemen…

News

IEA Say that Oil Price May Fall to $89 a Barrel in Next Five Years

IEA Say that Oil Price May Fall to $89 a Barrel in Next Five Years

Oct 12, 2012 at 17:28 | Joao Peixe

The International Energy Agency (IEA) has predicted that oil prices could fall over the next five years as a result of the slow global economy and low demand in comparison…

Punishment for Dealing with Kurds: Baghdad to Replace Exxon with Russians

Punishment for Dealing with Kurds: Baghdad to Replace Exxon with Russians

Oct 11, 2012 at 17:32 | James Burgess

Baghdad has been angry with certain international oil companies, namely ExxonMobil, Total, and Chevron, for their dealings with Kurdistan. The oil companies have signed oil deals in the northern region…

Nigerian Villagers Take Shell to Court over Pollution of Niger Delta

Nigerian Villagers Take Shell to Court over Pollution of Niger Delta

Oct 11, 2012 at 17:29 | Joao Peixe

In a landmark case which could open up the doors to allow more poor communities to file compensation claims against international oil companies, on Thursday four Nigerian villagers took Royal Dutch…

Syrian Airbus Grounded by F-16 Fighters in Turkey after Pilot Ignored Warnings

Syrian Airbus Grounded by F-16 Fighters in Turkey after Pilot Ignored Warnings

Oct 11, 2012 at 17:27 | Joao Peixe

After ignoring warnings not to enter Turkish airspace, an Airbus A320 operated by Syrian Arab Airlines was grounded by Turkish F-16 fighter jets on its way from Moscow to Damascus…

Crown Estate Predict the UK has 153GW if Tidal Power Potential

Crown Estate Predict the UK has 153GW if Tidal Power Potential

Oct 11, 2012 at 17:24 | Charles Kennedy

The Crown Estate recently released the findings of a report that it had undertaken into the potential capacity of marine energy that is available in the UK. The findings estimate…

US Trade Deficit Increases by $44.2 Billion in August

US Trade Deficit Increases by $44.2 Billion in August

Oct 11, 2012 at 17:21 | Editorial Dept

The Department of Commerce reported: Total August exports of $181.3 billion and imports of $225.5 billion resulted in a goods and services deficit of $44.2 billion, up from…

Chevron Loses Supreme Court Appeal Against $18.2 Billion Ecuador Case

Chevron Loses Supreme Court Appeal Against $18.2 Billion Ecuador Case

Oct 10, 2012 at 17:17 | Charles Kennedy

Chevron Corp has just lost yet another court case in its attempt to appeal the $18.2 billion judgement it must pay to residents of the Lago Agrio region in Ecuador.…

US Train Companies Consider Natural Gas over Diesel

US Train Companies Consider Natural Gas over Diesel

Oct 10, 2012 at 17:13 | James Burgess

For the past two weeks train industry executives from around the US have been holding private meetings to discuss the potential of using natural gas to power the trains, rather…

EIA Predicts Cold Winter will Cause Heating Bills to Increase 19%

EIA Predicts Cold Winter will Cause Heating Bills to Increase 19%

Oct 10, 2012 at 17:11 | Joao Peixe

The Energy Information Administration has compiled a report that suggests US households should expect their energy bills to be higher this winter due to the forecast of colder temperatures than…

Is Japan's New Carbon Tax the Final Straw for its Energy Sector?

Is Japan's New Carbon Tax the Final Straw for its Energy Sector?

Oct 10, 2012 at 17:09 | Joao Peixe

Japan has just announced that it will gradually introduce a new tax on carbon emissions for oil, natural gas, and coal, over the next five years. Energy costs are already…


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