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...
Nigeria’s torrid troubles show no sign of abating with the news that gunmen attacked an Agip oil terminal, killing one person and taking four foreigners hostage. Italy's Foreign Ministry has confirmed that that three Italians and one Lebanese national were...
The death of Saparmurat Niyazov, the idiosyncratic dictator of Turkmenistan, the former Soviet republic, could trigger a new round in the fierce battle between the United States and Russia for control of Central Asia's huge oil and gas reserves. Turkmenistan...
Originally posted at http://www.markfloegel.org If you’re a long time reader of these commentaries, you may have noticed the recurrence of a limited repertoire of subjects – the Iraq war, global warming, the evisceration of civil liberties in the U.S. and...
Norway, which is the world's third largest oil exporter, has announced plans to offset the greenhouse gases produced by public employees when they fly abroad by buying emissions credits. The move was announced by Norway's prime minister Jens Stoltenberg. "The...
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...
Greenland’s ice-caps may be melting at an alarming rate due to climate change, but that is not stopping the country issuing further oil and gas licenses. Twelve companies have advanced to the prequalification stage under the country’s latest licensing round....
As the oil price continues to rise, many African oil-importing countries are beginning to look at ways of lessening their dependence on the fuel. Whilst continuing high oil prices are good news for the 13 African countries which are net...
Top oil exporter Saudi Arabia said today Opec was striving for a “fair and stable” oil price, of around US$60 for US crude. Wary of supposed high fuel stockpiles in the world's biggest fuel consumer the United States, some Opec...
Over the next few days, Oil Change will be bringing you an exclusive blog by Rich Cookson, a British journalist who is visiting the oil and gas developments at Sakhalin Island off Russia's east coast (see map). Rich writes: "In...
