OIL

10,863 articles

Canada's second largest pension fund ending oil investments
Sep 28, 2021 (AFP)
The move was part of a larger commitment to make the Caisse de depot et placement du Quebec (CDPQ) portfolio of investments "net-zero by 2050," senior managers ...
OPEC sees oil demand growing over next two decades
Sep 28, 2021 (AFP)
The cartel's world oil outlook goes against the vision of the International Energy Agency, which warned in May that demand must fall over the next decades for t...
Brent crude price jumps above $80 a barrel
Sep 28, 2021 (AFP)
With the rollout of vaccines and easing of lockdowns this year, bets on demand for the black gold have surged, while an energy crunch in the northern hemisphere...
EU ministers meet on Europe's 'critical' energy crisis
Sep 22, 2021 (AFP)
The continent faces soaring power prices as its economy recovers from the Covid pandemic and as winter approaches while natural gas reserves are at a worrying l...
US warns against 'manipulation' of Europe gas prices
Sep 22, 2021 (AFP)
"The US has been clear that we and our partners have to be prepared to continue to stand up when there are players who may be manipulating supply in order to be...
S.Africa regulator approves controversial floating power plants
Sep 21, 2021 (AFP)
Turkey-based Karpowership, one of the world's largest floating power plant operators, in March won a government tender to supplement South Africa's fragile elec...
Iran oil minister appoints envoy for Iraqi affairs
Sep 21, 2021 (AFP)
The ministry's Shana news agency said Oil Minister Javad Owji had tasked Abbas Beheshti with "endeavouring to speed up settling gas export claims". Iraq buys ga...
Iraqi cement-makers angry at fuel subsidy cut
Sep 21, 2021 (AFP)
The oil ministry earlier this month raised the price of fuel sold to cement manufactures from 150 dinars per litre (around 10 cents) to 250, following on from a...
Iraq launches project to reduce flaring at oilfields
Sep 19, 2021 (AFP)
Flaring, or burning off excess gas during oil extraction, is a highly polluting practice but far less costly than processing it for sale. According to the World...
EU, US urge others to join methane reduction pledge
Sep 18, 2021 (AFP)
The initiative -- unveiled by President Joe Biden on Friday -- means countries would commit to a collective goal of reducing emissions of the powerful greenhous...
Biden announces methane gas cuts goal ahead of UN climate summit
Sep 17, 2021 (AFP)
"We're working with the European Union and other partners... (on) a global methane pledge to reduce global methane emissions by at least 30 percent below 2020 l...
UCF leads hydrogen gas turbine research aimed at decarbonizing power sector
Sep 14, 2021 (SPX)
The award is through the DOE Office of Fossil Energy and Carbon Management's University Turbine Systems Research program and is part of nearly $6.2 million awar...
Chevron plans new 'lower carbon' ventures but activists not pleased
Sep 14, 2021 (AFP)
The US oil giant said it would more than triple spending through 2028 to $10 billion on its "lower carbon businesses," including on products like aviation fuel ...
Cheaper hydrogen production
Sep 13, 2021 (SPX)
Both half reactions of water electrolysis-hydrogen and oxygen evolution-are unfortunately slow and require a lot of power. Catalytically effective electrodes, p...
Pentagon chief still hopes to meet Saudi crown prince: spokesman
Sep 13, 2021 (AFP)
Austin traveled to the Gulf to thank US allies for their support during the massive airlift set up after the fall of the Afghan government and the Taliban captu...
Iraq PM holds talks on economic links on Iran visit
Sep 12, 2021 (AFP)
Kadhemi is the first foreign leader to visit the ultra-conservative Raisi, and he brought along a "high level political and economic delegation", Iran's officia...
Turn off the oil taps? Norway torn between climate and cash
Sep 10, 2021 (AFP)
The "code red" sounded by the United Nations in early August has reignited debate about the future of the oil industry in Norway, the largest oil producer in we...
Climate change dominates elections in oil-rich Norway
Sep 10, 2021 (AFP)
Labour Party leader Jonas Gahr Store is hoping to wrest power from centre-right Prime Minister Erna Solberg, who has headed the wealthy Scandinavian nation for ...
Iraqi PM to discuss energy, Saudi ties with Iran's president
Sep 10, 2021 (AFP)
The visit will mark Kadhemi's first meeting with Ebrahim Raisi since the ultra-conservative president took office last month, and comes ahead of Iraq's October ...
Mining waste could be used as an ingredient for cheaper hydrogen fuel production
Sep 09, 2021 (SPX)
Water splitting reactions that produce hydrogen are triggered using rare platinum ($1450/ounce), iridium ($1370/ounce) and ruthenium ($367/ounce), or cheaper bu...
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