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Breaking News Thu, 19 Sep 2024
An oil installation belonging to Shell Petroleum Development Company in Odidi, Niger Delta area of Nigeria, Thursday, Feb. 2, 2006. Royal Dutch Shell PLC reported a 4 percent drop in fourth-quarter net profit and a 2 percent decline in sales Thursday, as lower production and the impact from hurricanes Katrina and Rita outweighed the high price of oil. Nigerians go to court and want $310m from Shell, and halt an asset sale Fri 13 Sep 2024
Local community groups are asking for compensation from the energy giant for allegedly violating an exisiting deal. Nigerian communities are seeking N505bn ($310m) in... (photo: AP / George Osodi) Offshore Technology
Africa   Nigeria   Oil   Photos
During a trip organized by Saudi information ministry, a cameraman films Aramco's oil processing facility Assessing Saudi Arabia’s “ambitious” renewable goals Fri 13 Sep 2024
Saudi Arabia is a key player in the global oil market, but just how serious is the energy giant in its desire to go green? Saudi Arabia is the second-largest crude oil... (photo: AP / Amr Nabil) Offshore Technology
Climate change   Oil   Photos   Saudi Arabia
Gasoline pumps in close-up photography Oil gains more ground amid output disruptions Fri 13 Sep 2024
New York/Singapore — Oil prices rose on Friday, extending a rally sparked by output disruptions in the US Gulf of Mexico, where Hurricane Francine forced producers to... (photo: Creative Commons) Business Day
Energy   Global Trading   Oil   Photos
Industrial gas & oil refinery at sunset Big Oil Faces Rising Number of Climate Lawsuits: Report Thu 12 Sep 2024
Big Oil Faces Rising Number of Climate Lawsuits: Report (Maria) The author writes, “Big oil is facing a soaring number of climate-focused lawsuits, a new analysis has... (photo: Creative Commons) WhoWhatWhy
  Climate change   Energy   Oil   Photos
File: An oil tanker is moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia, Tuesday, Oct. 11, 2022, one of the largest facilities for oil and petroleum products in southern Russia. The European Union reached a deal Friday for a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market to prevent price spikes and starve President Vladimir Putin of funding for his war in Ukraine UK imposes sanctions on 10 ships in crackdown on Russia’s shadow oil fleet Wed 11 Sep 2024
The UK has taken new steps to clamp down on Russia’s shadow fleet exporting oil and funding Moscow’s war machine, with the Foreign Office announcing sanctions on 10 ships... (photo: AP) AOL
Britain   Oil   Photos   Russia
Person is putting gasoline on a vehicle Disruption worries drive oil’s recovery Wed 11 Sep 2024
Tokyo — Oil prices climbed on Wednesday, paring some of the previous day’s losses, as concern about Hurricane Francine disrupting output in the US, the world’s biggest... (photo: Creative Commons) Business Day
Gas   Global Trading   Oil   Photos
Person holding gasoline nozzle at gas station Oil weaker as poor demand counters supply disruptions Tue 10 Sep 2024
Houston/Tokyo — Oil prices edged down on Tuesday as weak Chinese demand offset supply disruptions from Tropical Storm Francine and as global oil oversupply risks... (photo: Creative Commons) Business Day
Energy   Global Trading   Oil   Photos
A sign marks the entrance of the secluded Exxon Mobil cooperate headquarters in Irving, Texas, Thursday, Oct. 30, 2003. Higher oil and gas prices helped lift third quarter profits at Exxon Mobil Corp. by 38 percent, but the oil giant still fell far short Exxon pulls out of Namibia oil race Mon 9 Sep 2024
London — ExxonMobil has withdrawn from the race to buy half of Galp Energia’s stake in a large oil discovery in Namibia that has attracted interest from top energy... (photo: AP Photo/LM Otero) Business Day
Business   Global Trading   Oil   Photos
** ARCHIV ** Hinter dem Schornstein eines Kohlekraftwerks fliegt am 15. Nov. 2007 ein Flugzeug ueber Peking. Der weltweite Ausstoss von Kohlendioxid hat nach juengsten Erkenntnissen im vergangenen Jahr um drei Prozent zugenommen. Groesster Klimasuender war nach Angaben des Global Carbon Projects (GCP) von Freitag, 26. Sept. 2008, China, gefolgt von den USA. (AP Photo/Andy Wong, File) ** FILE ** A passenger airliner flies past smoke generated by a coal power station in Beijing, in this Nov. 15, 2007 file photo. China's government is boosting the authority of its long-toothless environmental watchdog agency in an attempt to rein in the rampant pollution wrought by rapid economic development. (AP Photo/Andy Wong, File) Germany blocks oil carbon credits over Chinese fraud concerns Mon 9 Sep 2024
Upstream Emission Reduction (UER) projects relate to production before raw material for hydrocarbons reach a refinery or storage facility. Germany’s Federal Environment... (photo: AP / Andy Wong, File) Offshore Technology
Emissions   Germany   Oil   Photos
A person holding a gasoline nozzle at a gas station AI likely to weigh on oil prices over the next decade, Goldman says Mon 9 Sep 2024
Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of... (photo: Creative Commons) CyprusMail
  Artificial intelligence   Energy   Oil   Photos
Crude oil pipes at Strategic Petroleum Reserve Bryan Mound site near Freeport, Texas America is pumping so much oil that gas could be below $3 by Thanksgiving Fri 6 Sep 2024
The oil market is in another tailspin. Producer group OPEC+ is scrambling to stop the bleeding. And gas prices are falling fast, with more to come. All of this is music... (photo: Public Domain) CNN
Gas   Oil   Photos   United States
A gasoline pump Oil steady as investors eye US jobs report Fri 6 Sep 2024
New York/Beijing — Oil prices ticked up in Asian trading on Friday, with investors exercising caution ahead of key US employment data as they weighed a big withdrawal... (photo: European Community / Christophe Licoppe) Business Day
Energy   Global Trading   Oil   Photos
Person is putting gasoline on a vehicle Oil inches higher on possible delay to Opec+ supply hike Thu 5 Sep 2024
Houston/Singapore — Oil prices edged up after plunging to multimonth lows previously as major producers may delay an output increase planned for October and US... (photo: Creative Commons) Business Day
Energy   Global Trading   Oil   Photos
A Libyan oil worker walks in front of a refinery inside the Brega oil complex, in Brega east of Libya, on Saturday Feb. 26, 2011. Production at Brega has dropped by almost 90 percent amid the country's crisis because many employees have fled and few ships are coming to offload the product Oil falls further on easing Libyan dispute Wed 4 Sep 2024
Singapore — Oil prices fell on Wednesday, extending a plunge of more than 4% the previous day, on the expectation that a political dispute halting Libyan exports could be... (photo: AP / Hussein Malla) Business Day
Energy   Global Trading   Oil   Photos
Person holding gasoline nozzle Oil slips as weak demand counters Libyan blockade Tue 3 Sep 2024
Beijing — Brent oil prices slid in Asian trade on Tuesday as concern about a sluggish economy in China bringing down demand outweighed the effect of a blockade of oil... (photo: Creative Commons) Business Day
Energy   Global Trading   Oil   Photos
A oil pump runs in Lunnan oil field in northwest China's Xinjiang Uygur Autonomous Region, Wednesday, Oct. 11, 2006. Weak Chinese data weighs on oil Mon 2 Sep 2024
Singapore — Oil prices extended losses on Monday on the expectation for higher Opec+ production starting in October and as signs of sluggish demand in China and the US,... (photo: AP / Eugene Hoshiko) Business Day
Economy   Global Trading   Oil   Photos
In this April 24, 2015 file photo, pumpjacks work in a field in the Permian Basin near Lovington, N.M. Environmentalists and Native American activists say the Biden administration's review of the federal oil and gas leasing program should result in more protections for an area of northwestern New Mexico that's considered sacred. Oil prices edge up amid supply concerns in Libya and Iraq Fri 30 Aug 2024
Oil prices nudged up on Friday with global supply concerns triggered by Libya oil field shutdown and coupled with reports of planned Iraqi production cuts. International... (photo: AP / Charlie Riedel, File) Anadolu Agency
Business   Global Trading   Oil   Photos
This photo released by the European Union's Operation Aspides shows fires burning aboard the oil tanker Sounion in the Red Sea on Sunday, Aug. 25, 2024. The EU mission said Monday that there were no signs of an oil spill emanating from the Sounion, which came under repeated attack by Yemen's Houthi rebels amid their campaign targeting shipping over the Israel-Hamas war in the Gaza Strip. Greek tanker attacked in Red Sea appears to be leaking oil, US says Wed 28 Aug 2024
The Greek-flagged Sounion crude oil tanker is still on fire after being attacked by Yemen’s Houthi group last week, and appears to be leaking oil, the Pentagon has said.... (photo: European Union's Operation Aspides via AP) Al Jazeera
Gaza   Houthis   Middle East   Photos
A motorist fills up his tank on Friday May 23, 2008 at a gas station in Jakarta, Indonesia. With global oil prices surging, Indonesian President Susilo Bambang Yudhoyono has said he has little choice but to slash subsidies that threaten to bust the state budget, and raise fuel prices by up to 30 percent by the month's end Oil holds steady after sharp drop on Tuesday Wed 28 Aug 2024
Bengaluru — Oil was little changed on Wednesday after a sharp drop in the previous session ended a three-day streak of gains, amid persistent concerns over both potential... (photo: AP / Tatan Syuflana) Business Day
Energy   Global Trading   Oil   Photos
Colorful gasoline barrels in stack Oil slips after gains due to Libyan outages and Middle East tension Tue 27 Aug 2024
Beijing — Oil prices paused their recent advances, receding on Tuesday after surging more than 7% in the previous three sessions on supply concerns prompted by fears of a... (photo: Creative Commons) Business Day
Energy   Global Trading   Oil   Photos
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