Quietly working behind the scenes, negotiators are hammering out a new draft Iraq oil law after previous versions of the controversial legislation stalled. "Shortly, we'll see a new draft which there is more common ground," Abdul-Hadi al-Hasani, deputy chair of...
For years they have been at loggerheads, but in a deal thrashed out with environmental groups, a Houston oil company has agreed to shut down its offshore oil production off Santa Barbara County decades early in exchange for approval this...
Oil may be at its lowest level for years, but Russian Prime Minister Vladimir Putin has warned consumers that the "era of cheap gas" is coming to an end. At a meeting to create a new forum of gas exporting...
As much of Europe shivers under unusually low temperatures, it is not only the temperatures that are plummeting. The annual spat over gas supplies and price between Russia and Ukraine has worsened overnight with four countries now reporting a complete...
OK – hands up. I admit it. Yesterday I may have been too hasty to blame the European row on Russian and Putin, when there is increasing evidence that the Ukrainians are to partly to blame too. You could argue...
Ok – Now might not be the best time to be looking to invest in property as the credit crunch takes hold, but how about a little investment in land near London? The upsides are that, if you like that...
There comes a time in every government’s tenure when we finally see them for what they are – that the slick messaging and spin can no longer hide the flawed natured of the policies. Today is one such day for...
Millions of people will this afternoon stop what they are doing and watch President Obama’s inauguration. Whilst there is a real sense of history being made today, let’s not forget we should celebrate the end of eight disastrous years of...
Who would be an oil baron these days? Profits are down, the oil price is bouncing depressingly around in the mid-forties, reserves are running dry, and the promised land of tar sands is not looking that promising after all. And...
I have heard UK Prime Minister Gordon Brown speak on many occasions. Often his tone comes across as a drab mixture of dour-Scotsman and Mr. Scrooge after a bad night out on the wiskey. But in his address yesterday to...
