The European Union is urging Russia and its neighbours to commit to long-term energy contracts that will guarantee them affordable oil and natural gas supplies. The appeal came on the first day of a two-day conference of officials from the...
Independent investment analysts “Investment U” are promoting Alberta’s oil sands as a “win-win” investment opportunity. They say: “the oil sands will soon be the single-largest source of foreign oil for the U.S. – even bigger than Saudi Arabia”. Oil producers...
A report to Autralian Prime Minister John Howard has concluded that twenty-five nuclear reactors, mainly on the east coast, could be producing a third of Australia's electricity needs by the year 2050. The cost of nuclear power would be substantially...
WWF is calling on the UK Government to stop using its Export Credit Agency (ECA) to subsidize Big Oil and other carbon intensive sectors. ECAs are public agencies that provide government-backed loans, guarantees, credits and insurance to private corporations from...
Here is the official news: Oil giant Royal Dutch Shell has driven the FTSE London market to a new five-and-a-half year high, as shares in the company lifted 3 per cent after its third quarter figures came in better than...
Something strange is happening. Have you noticed it? The gas price is falling. The news that the price of crude oil dipped below $60 dollars has sparked a furious response as to why it is happening. Some are arguing that...
There are signs that there is a growing diplomatic row between the US and Russia over energy and trade. The Times has reported how “American oil companies Chevron and ConocoPhillips could be shut out of a massive Arctic gas project...
Ever wondered how much of the oil price is pure hype or fear? Well there is an interesting article in today’s New York Times, which quotes Michael Rose, the director of the energy trading desk at Angus Jackson in Fort...
Feeling a little queasy every time you fill up at the pump because of those high prices? Well you are not alone. Seven out of every ten Americans are now experiencing a real fiscal hit from higher fuel prices at...
The populist Russian newspaper, Komsomolskaya Pravda, ran the headline yesterday: "Russia takes first place in oil output rankings". The story was based on OPEC figures showing that Russia is now extracting more oil than Saudi Arabia. The figures reflect a...
