The increasingly tense standoff between Iran and the UK over the fate of 15 British sailors and marines captured by Iran has helped drive crude oil prices to a six-month high. Traders sent the price of crude oil up by...
China may have sat out the Iraq war, but that does not stop it eyeing up the spoils of war. Desperate to find it new sources of oil to fuel its growing economy, it could be the first country to...
Something of Chinese and Russian theme today. Underpinning two of the stories is China’s growing international search for oil and gas to keep feeding its rapidly expanding economy. The other issue is the geo-politics of the Russian oil industry. Lets...
Chinese President Hu Jintao arrives in Moscow today, offering trade deal in return for Russian oil and gas. Hu's three-day state visit to Russia will be his third as president, showing how seriously Beijing is courting President Putin. "At present,...
On March 24, 1989 eleven million gallons of North Slope crude oil began pouring out of the Exxon Valdez oil tanker into the pristine waters of Alaska’s Prince William Sound. Hundreds of thousands of fish, seabirds, bald eagles, otters, seals...
Gulf governments are planning to build oil pipelines that will bypass the world’s most vulnerable energy choke point, the Strait of Hormuz, aiming to avoid possible Iranian threats to global oil shipments. Around two-fifths of the world’s traded oil is...
The New York Times reports on the growing importance of Angola’s oil industry as it attends its first OPEC meeting. Angola may be corrupt and “one of the poorest lands on earth. But ask any energy executive these days and...
The United States is stepping up its involvement in the Nigeria to counter growing violence in the Niger Delta. Theresa Whelan, Deputy Assistant Secretary of Defense, told a conference sponsored by the Center for Strategic and International Studies that the...
A group of 40 German NGOs called on G8 Environment Ministers today to phase out fossil fuel subsidies at home and use their influence to steer the World Bank away from fossil fuels and towards a new energy revolution. A...
The State oil company of Mexico, Pemex is in trouble, reports the New York Times. Its production and proven reserves are falling, and it has no money to reverse the slide. This is important for the US because Mexico is...
