China May Lead Iraq Oil Race
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...
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2026
2026
Oil Price Rises on Back of Nigerian Hostage Taking
If the oil price was not jittery enough over the Iranian seizure of 15 British sailors and marines, the news from Nigeria over the last few days has not helped stabilise the increasingly volatile oil price. Early on Saturday morning...
Sinopec Seals US$3.5b Refinery Contract
China Petroleum & Chemical Corp - better known as Sinopec – has signed a $3.5 billion contract with Saudi Aramco and Exxon Mobil for a refinery in southern China's Fujian province. The refinery in Quanzhou will have a crude refining...
The Scramble for Libyan Oil
After 20 years of isolation, Libya has become the new “destination of choice” for oil companies trying to find new reserves. "It's a race for our black gold," president of the National Oil Company Shukri Ghanem said. "We are organising...
What we’ve done…
Thank you. With your support, we are just more than a year into building an organization that is conducting strategic corporate and educational campaigns to diminish the power of the oil industry. But we need your help to keep challenging...
PetroChina to Buy Iranian LNG
PetroChina, the country’s largest oil company, has signed a 25-year agreement to buy three million tons of liquefied natural gas a year from Iran to supply terminals it plans to build on China's northern coast. Gas deliveries will start in...
Could BP’s Problems Lead to $300 a Barrel?
Matthew Simmons is well known within the industry for his predictions on peak oil. He first shot to prominence by arguing that Saudi Arabia was running out of oil and had inflated its reserves figures. His findings were published in...
How to Beat the Pump Profiteers
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...
More on The Great Iraq Oil Grab
If you thought the new Iraqi government would govern Iraq for the people, well, I''m sorry. Think again. Good article on Alternet today about who controls Iraq's oil fields. It quotes Antonia Juhasz, author of “The Bush Agenda,” who has...
BP: The Days of Cheap Oil Are Not Over
Lord Browne, BP's chief executive, went against the grain of recent energy hikes and said that within a few years crude oil prices would be $40 a barrel or even lower. “It is very likely that, in the medium term,...