OIL

10,863 articles

Group of countries vow to exit oil and gas at COP26
Nov 11, 2021 (AFP)
The coalition, which includes a dozen countries, was announced as nations tussle over a range of issues in the final stages of the UN climate talks in Glasgow. ...
Gulf states in first joint naval exercises with Israel
Nov 11, 2021 (AFP)
The five-day manoeuvres are taking place in the Red Sea, a year after the two Gulf Arab countries normalised ties with Israel. "It is exciting to see US forces ...
Iran say won't sign climate deal while under sanctions
Nov 10, 2021 (AFP)
"For Iran to sign and commit, the first condition is for the oppressive sanctions to be lifted," Ali Salajegheh was quoted as saying by state-run IRNA news agen...
Iran launches military drills near strategic oil lanes
Nov 07, 2021 (AFP)
"The exercise of the army of the Islamic Republic of Iran on an area of more than one million square kilometres (386,000 square miles) east of the Strait of Hor...
Despite oil wealth, poverty fuels despair in south Iraq
Nov 05, 2021 (AFP)
Sajad, 17, who lives in Basra city, says he "has no future" and no present. Like other young people, he says he just survives, a living emblem of the city's mal...
19 countries vow to end overseas fossil fuel finance
Nov 04, 2021 (AFP)
G20 nations last month agreed to end financial support for new unabated coal plants abroad, but Thursday's commitment is the first of its kind to include oil an...
Climate 'reality check': 2021 global CO2 emissions near record levels
Nov 04, 2021 (AFP)
Overall, CO2 pollution this year will be just shy of the record set in 2019, according to the annual report from the Global Carbon Project consortium, released ...
US, Iran dispute facts of tanker incident in Sea of Oman
Nov 03, 2021 (AFP)
Iran's elite Revolutionary Guards (IRGC) said they had thwarted an attempt last week by the US Navy to seize the vessel carrying its oil. In a statement on its ...
From slurry to high-purity hydrogen
Nov 03, 2021 (SPX)
For a nationwide supply of hydrogen, decentralized production will therefore be indispensable in the future, and will ideally be climate-neutral from locally av...
Major methane deal at climate summit -- without China
Nov 02, 2021 (AFP)
Nearly one hundred nations joined a United States and European Union initiative to cut emissions of methane -- a potent greenhouse gas -- by at least 30 percent...
Israeli pipeline firm charged for massive 2014 oil leak
Nov 02, 2021 (AFP)
The December 2014 Eilat Ashkelon Pipeline Company (EAPC) leak, which took place just north of the Red Sea resort city of Eilat, is considered by many as Israel'...
Saudi Aramco Q3 profits soar 158 percent on higher oil prices
Oct 31, 2021 (AFP)
Aramco's profits surge comes as world leaders prepare for the UN's COP26 climate summit starting in Glasgow later on Sunday, a key meeting in the battle against...
Oil giant Saudi Arabia sees opportunity in climate crisis
Oct 29, 2021 (AFP)
Not only is the world's top oil exporter ramping up production, it is also making a major play for the trillion-dollar emerging industries touted as a route to ...
Back in the black: Higher oil prices lift ExxonMobil, Chevron profits
Oct 29, 2021 (AFP)
After US oil futures sank into negative territory in spring 2020 on widespread Covid-19 restrictions, demand has returned in a big way, lifting oil prices back ...
Big Oil clashes with US Democratic lawmakers over climate 'disinformation'
Oct 28, 2021 (AFP)
Big Oil critics in the House of Representatives likened the hearing with CEOs of ExxonMobil, Chevron and other oil giants to a famous 1994 congressional hearing...
Canada's new environment minister says no 'secret agenda' on oil
Oct 27, 2021 (AFP)
Steven Guilbeault, a prominent former climate activist tapped by Prime Minister Justin Trudeau for the role in a major post-election cabinet shuffle, spoke afte...
Saudi could go carbon-neutral before 2060, minister says
Oct 27, 2021 (AFP)
Prince Abdulaziz bin Salman said new processes enabling the "circular carbon economy" -- a concept where waste carbon is captured and repurposed -- were key to ...
Activist fund says Royal Dutch Shell should break itself up
Oct 27, 2021 (AFP)
Bemoaning how the Anglo-Dutch giant's stock valuation has lagged that of oil industry rivals, activist Daniel Loeb called for a "bold strategy" shift from the o...
NASA satellites identify more than 50 methane 'super emitters'
Oct 26, 2021 (UPI)
The U.S. space agency's Earth Surface Mineral Dust Source Investigation, dubbed EMIT, is installed on the International Space Station. Using data collected sinc...
Saudi pledges more than $1 bn in climate initiatives
Oct 25, 2021 (AFP)
Two days after targeting carbon neutrality by 2060, crown prince and de facto ruler Mohammed bin Salman announced two initiatives to fund the "circular carbon e...
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