Melted nuclear fuel hunt carries on one dead robot at a time
The latest robot seeking to find the 600 tons of nuclear fuel and debris that melted down six year ago in Japan’s wrecked Fukushima Dai-Ichi power plant met its end in less than a day.
Frenzied betting, sleeping market: Something must give in oil
As hedge funds and money managers place record trades on a rally in oil, the price itself has fallen asleep. Logic dictates that something should give. Here are five charts examining the unprecedented speculative build-up and what the market’s next turn might be.
What oil crisis? Arctic drilling off Norway set for record
Explorers look set to drill a record number of wells in Norway’s Arctic waters this year, undeterred by oil prices apparently stuck below $60 a barrel.
What oil crisis? Arctic exploration off Norway set for record
Explorers look set to drill a record number of wells in Norway’s Arctic waters this year, undeterred by oil prices apparently stuck below $60 a barrel.
Siberian oil field that bankrolled Soviets could pay out once more
Russia’s largest oil field, so far past its prime that it now pumps almost 20 times more water than crude, could be on the verge of gushing profits again for Rosneft.
Saudi turning to solar in effort to save oil for export
The nation most identified with its massive oil reserves is turning to wind and solar to generate power at home and help extend the life of its crucial crude franchise.
Iraq exports to hit 7-month low, reinforcing Opec cuts
Iraq’s oil exports are poised to decline to a seven-month low in March as ongoing maintenance at some of its biggest fields coincides with a seasonal slump in shipments, potentially helping the country to meet a pledge to OPEC that it would restrict crude supply.
Saudi cuts oil output by most in eight years
Saudi Arabia told OPEC that it cut oil production by the most in more than eight years, going beyond its obligations under a deal to balance world markets.
Oil holds gains near $54 as IEA sees record OPEC-cut compliance
Oil held gains near $54 a barrel after the International Energy Agency said OPEC achieved a record 90 percent initial compliance with its output-cut deal while demand grew faster than expected.
Investor honeymoon with OPEC falters as shale drilling booms
There are limits to investors’ love affair with OPEC.
US rooftop solar makes South Africa’s investec the go-to bank
A South African bank has become the go-to funding source for the U.S. rooftop solar industry just two years after entering the market.
Japan makes push for hydrogen fuel cells derided by Tesla’s Musk
Elon Musk may think hydrogen-powered vehicles are rubbish, but Toyota Motor Corp. and a cadre of Japan’s leading manufacturers are betting otherwise -- and not just on cars.
IEA says Opec achieving 90% of output cuts
OPEC achieved the best compliance rate in its history at the outset of an accord to clear the oil glut, a plan that’s being supported by surprising strength in demand, the International Energy Agency said.
Arctic oil town’s future in doubt as wells shut
When oil topped $100 a barrel three years ago, the tiny village of Norman Wells in Canada’s high arctic was gearing up to be the “Dubai of the Mackenzie River,” with oil revenue bringing prosperity to all.
US border tax could lower global gas, coal prices, Goldman says
A proposed U.S. border-adjustment tax would make fuels that provide half the world’s energy cheaper -- for everyone except Americans.
Qatar Petroleum is energy industry’s ‘hidden giant’
Qatar Petroleum is the hidden giant of the global energy industry, overshadowed by its neighbor Saudi Aramco. Yet, the country’s colossal natural gas resources allow the state-run company to pump more oil and gas than Rosneft PJSC or Exxon Mobil Corp.
Google, Ikea wind power surge comes too soon for Sweden
The quest to supply everything from data server halls, insurance companies to large furniture stores with green electricity has flooded the Nordic region with wind power and crashed a $100 million renewable-certificates market.
US approval for Dakota pipeline came as tribe leader flew to meet Trump team
After months of fighting against the Dakota Access oil pipeline, Standing Rock Sioux Tribe chairman Dave Archambault II boarded a plane to Washington to meet with the Trump administration and voice his opposition. Before he had landed, news had broken that the U.S. was clearing the project.
Confidence grows as Wall Street throws money at US energy firms
Wall Street is throwing the most money at U.S. energy companies since at least 2000 amid growing confidence that the industry is emerging from the worst downturn in a generation.
Opec ministers don’t rule out renewing output reduction
OPEC and other major crude-producing nations may need to extend output cuts into the second half of the year to re-balance the market, oil ministers for Iran and fellow group member Qatar said.
UK to get first shipment of LNG from Peru
Almost a year after the first liquefied natural gas cargo left the Gulf of Mexico, the U.K. is still waiting to claim a slice of American supply. By the end of the month it will, but it won’t be made in the U.S.
Nigeria production struggles good news for Opec
Nigeria’s progress in curbing militant attacks hasn’t much boosted its oil output. While that’s bad news for a country mired in its worst economic slump in 25 years, it’s making life easier for fellow OPEC members.
US Army to give go-ahead for disputed Dakota pipeline
The controversial Dakota Access pipeline is set to gain the final go-ahead for completion after President Donald Trump asked for a speedy approval.
Oil drops to two-week low as US stocks climb
Oil dropped to the lowest in more than two weeks amid estimates that U.S. crude and gasoline inventories continue to climb.
BP falling behind rivals on breakeven oil price
BP is falling behind competitors in one crucial measure of its resilience to oil’s slump.