OIL

10,863 articles

IEA sees 'beginning of the end' of fossil fuel era
Sep 12, 2023 (AFP)
The IEA's annual World Energy Outlook, due out next month, will show that "the world is on the cusp of a historic turning point", executive director Fatih Birol...
Ukraine claims to have recaptured key Black Sea oil, gas rigs
Sep 11, 2023 (UPI)
Ukraine's military intelligence, or GUR, posted an unverified video of Ukrainian soldiers posing on the platforms, which would hold strategic significance for U...
Venezuela's Maduro says seeking China's help to join BRICS
Sep 10, 2023 (AFP)
The BRICS bloc -- Brazil, Russia, India, China and South Africa -- agreed at their annual summit last month to admit six new full members. In an interview with ...
Oil permits and wind crisis threaten UK net zero pledge
Sep 10, 2023 (AFP)
The Conservative government of Rishi Sunak in July promised "hundreds" of new licences for oil and gas exploration and production in the North Sea, arousing the...
Venezuelan President Maduro arrives in China for finance talks
Sep 08, 2023 (AFP)
China is Venezuela's main creditor and has close relations with the internationally isolated nation, whose GDP has contracted by 80 percent in a decade because ...
Biden bars drilling over vast swath of Alaska
Sep 07, 2023 (AFP)
The move comes a little over a year before the 2024 election, as Biden seeks to shore up his green credentials that were damaged by a decision earlier this year...
Ahead of COP28, EU chief visits oil-rich UAE
Sep 07, 2023 (AFP)
The European Commission president held talks with President Sheikh Mohamed bin Zayed in Abu Dhabi, before the neighbouring emirate of Dubai organises COP28 in N...
UAE's ADNOC Gas signs $450-550 mn Chinese supply deal
Sep 07, 2023 (AFP)
No volumes or timescale were announced for the contract, which follows deals with Japanese and Indian companies since state-owned ADNOC Gas's share flotation in...
Norway's wealth fund to close Shanghai office
Sep 07, 2023 (AFP)
The fund invested in around 850 Chinese companies worth about $42 billion at the end of 2022. Its global portfolio is currently worth around 15.2 trillion krone...
UAE oil giant announces new carbon capture project
Sep 06, 2023 (AFP)
The new initiative will siphon planet-heating carbon dioxide emissions from the Habshan gas processing plant in Abu Dhabi and store them permanently underground...
Russia to finalise route for gas pipeline to China
Sep 06, 2023 (AFP)
Moscow plans to start building the pipeline next year, after its military offensive in Ukraine forced it to move away from the European market in favour of Asia...
Oil, gas sector emission pledges stalling: report
Sep 06, 2023 (AFP)
Fossil fuel use is set to be the main bone of contention at key UN talks aimed at curbing climate change, starting on November 30 in the oil-rich United Arab Em...
Oil execs on trial in Sweden over Sudan war crimes role
Sep 05, 2023 (AFP)
Swede Ian Lundin and Swiss national Alex Schneiter are accused of asking Sudan's government to make its military responsible for security at the site of one of ...
UAE announces $4.5 bn in Africa clean energy investments
Sep 05, 2023 (AFP)
"We will deploy $4.5 billion... to jumpstart a pipeline of bankable clean energy projects in this very important continent," said Sultan Al Jaber, who heads the...
France seeking deadline for global oil, coal phaseout
Sep 05, 2023 (AFP)
The two-week COP28 conference in Dubai, starting November 30, aims to build on the 2015 Paris Agreement to cap global warming at "well below" two degrees Celsiu...
Biden administration changes Trump-era rule, will ban liquified natural gas on trains
Sep 01, 2023 (UPI)
The Pipeline and Hazardous Materials Safety Administration and Federal Railroad Administration are moving to prevent the transport of liquefied natural gas via ...
UAE looks to 'minimise' rights criticism at COP28: report
Sep 01, 2023 (AFP)
The leaked audio of a meeting in February between summit organisers and Emirati officials was dismissed by the UAE's COP28 team as an "unverified recording". Bu...
UK mulls fossil-friendly energy treaty pull-out
Sep 01, 2023 (AFP)
The British government's warning comes after the European Commission in July announced its plan for a "coordinated withdrawal" from the Energy Charter Treaty. A...
Rights groups urge US action to free Emirati activist
Aug 31, 2023 (AFP)
Ahmed Mansoor was sentenced to 10 years in prison in 2018 after being convicted of spreading false information on social media and harming the reputation of the...
Oil firms pay Insta, TikTok influencers for ads
Aug 30, 2023 (AFP)
Young online celebrities best known for posting about video games, their dogs or their holidays to millions of followers are also dropping in unexpected plugs f...
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