Crisis exit brings relief to Norway’s $1trillion piggy bank
After being tapped over the past two years by politicians scrambling to plug budget holes, Norway’s massive $1 trillion wealth fund is about to get some relief.
North Sea oil squeezed as US ships crude like never before
As crude oil gushes out of the U.S. like never before, it looks increasingly like North Sea oil will suffer collateral damage.
VIDEO: Lukoil CEO says don’t extend OPEC cuts at $60 oil
Oil producers should not extend supply cuts beyond their expiry at the end of March if prices rise to $60 a barrel, said the chief executive officer of Russia’s second-largest oil company.
Aramco plans `mega investment’ in oil’s demand growth center
Saudi Arabia’s state-owned oil giant has “mega investment” plans for the world’s fastest growing oil market.
EPA chief calls for ending wind tax credits to help coal survive
Tax incentives for the wind industry should be eliminated, Environmental Protection Agency administrator Scott Pruitt said Monday.
Oil buzz a brief encounter as `too far, too fast’ rally wanes
Was $50 a barrel for oil just a passing fancy?
WATCH: Can Elon Musk solve Puerto Rico’s energy woes?
Storm ravaged Puerto Rico has called on Elon Musk to help solve its energy woes. Watch the video to find out more.
OPEC sees `extraordinary’ steps needed for stable market in 2018
Oil producers are succeeding in re-balancing an oversupplied market, though they may need to take further steps to sustain the recovery into 2018, OPEC Secretary-General Mohammad Barkindo said.
UK energy users have a taste of Brexit and they don’t like it
Britain is getting a preview of what some energy bills might be like after Brexit. And it’s not popular.
Saudi King seeks oil-pact extension on `epochal’ Russia visit
Saudi King Salman bin Abdulaziz is beginning an historic first visit to Russia by a monarch of the Gulf kingdom as he seeks an understanding with President Vladimir Putin to extend an agreement curbing oil supplies.
Key risk to Saudi post-oil plan? Higher crude prices, Fitch says
Higher oil prices would pose one of the biggest risks to Saudi Arabia’s efforts to overhaul its economy, according to Fitch Ratings.
EPA asks drillers, miners for advice on how to regulate them
President Donald Trump’s Environmental Protection Agency is asking miners, oil drillers and manufacturers to collaborate with the government on how best to regulate their industries.
Shell said to seek sale of stake in $1.4billion windfarm
Royal Dutch Shell Plc and its partners Eneco Holdings NV and Mitsubishi Corp. are seeking to sell a stake in two Dutch offshore wind-farm projects that may cost $1.4 billion to develop, two people familiar with the plan said.
Automakers plan electric car blitz as Tesla burns billions
Here are two facts that defy logic: By the end of the year, electric-car maker Tesla Inc. will have burned through more than $10 billion without ever having made 10 cents. Yet companies around the world are lining up to compete with it.
Saudi OPEC leadership shows no good deed goes unpunished
This isn't the result the Saudis were looking for, and they might just decide to fight back.
Starved for capital, Canada oil patch pauses on exploration
If you think it’s hard for tech startups to get funding, try being an oil driller in Canada.
Beach energy buys Origin’s Lattice in $1.25billion deal
Australia’s Beach Energy Ltd. agreed to buy Origin Energy Ltd.’s conventional oil and gas business, Lattice Energy, for A$1.59 billion ($1.25 billion) in a deal set to triple the Adelaide-based company’s reserves.
Offshore-rig recovery still far off, Norway’s biggest bank warns
The offshore drilling market will take a long time to rebalance as more consolidation and rig retirements are needed to cut oversupply, according to DNB ASA, Norway’s biggest bank.
‘Oil God’ Andy Hall’s final prophecy comes true
The final price prediction from Andy Hall -- the oil trader known to many in the industry as "God" -- seems to have come true. Not that it does his investors any good.
Oil Trader Trafigura heralds end of ‘lower for longer’ crude era
The age of persistently weak oil prices is nearing its end, with demand booming and a supply squeeze in the offing, according to Trafigura Group.
Want free parking? Drive an electric car in Dubai
Dubai, with its 14-lane highways and car-dependent residents, will provide free parking and toll-free driving to encourage motorists to shift to electric cars as a way of cutting carbon emissions in the oil-rich United Arab Emirates.
India’s electric car champion says profit tipping point nigh
The only electric-car maker in India says the business case for the clean technology is starting to make sense -- and it won’t require government subsidies to take off in a big way.
Two big words show why US oil may finally be turning a corner
Oil futures in New York have been stuck in glut mode, but that may be starting to change for the first time in years as backwardation, one of those big words used by traders, begins to replace contango.
Far from the Texas coast, Hurricane Harvey hits oil refiners
Three weeks after Hurricane Harvey ravaged the massive fuel-making industry along the Texas coast, the region’s recovery from storm damage is starting to disrupt plans for crucial maintenance at refineries thousands of miles away from the flood zones.
New lease of life for coal could be in carbon fiber
The 30-foot hull of an experimental mini-sub is helping to show how the U.S. may be able to redeploy the mountain of coal that power plants are no longer burning.