Insight and inspiration in turbulent times.
Oil prices may have fallen about 10 per cent from their high near $US50 a barrel in mid-August, but that’s not deterring fund managers, many of whom say the long bull run has a lot of life left in it.
Russian oil major YUKOS, fighting to prevent a cheap fire sale of assets in a tax dispute with the state, boosted oil-reserve estimates of its core Yugansk unit fivefold today.
The US dollar is likely to be devalued to deal with the booming trade deficit in the United States, raising the prospect of global financial instability, the UN Conference on Trade and Development said yesterday.
Prices will most likely head back up — and if that happens, growth and the economy will be going down.
The war in Iraq could push oil prices to a record US$100 a barrel, Venezuelan President Hugo Chavez said Wednesday.
RENEWABLE energy sources such as wind and solar energy will continue to meet only a tiny portion of world energy demand, despite their impressive growth.
Oil prices fell on Wednesday as Hurricane Ivan, one of the strongest storms on record, cut the demand for crude oil by shutting nearly 13 per cent of US refining capacity.
World oil production will likely not be able to meet global demand as early as the middle of the next decade, according to a new study by Washington-based consultants PFC Energy.
Rising oil prices and pollution are fueling interest in green power in Asia but experts see no prospect of a rapid switch from the region’s growing dependence on oil, coal and gas.
Big Oil met national oil Thursday during an OPEC-sponsored conference of the world’s most powerful companies, from Exxon Mobil and Royal Dutch-Shell to Saudi Aramco and Venezuela’s PDVSA.
Soldiers from a Fort Carson combat unit say they have been issued an ultimatum – re-enlist for three more years or be transferred to other units expected to deploy to Iraq.
The Kremlin moves swiftly to strengthen its vertical power by giving the green light to a merger between Gazprom and state-owned Rosneft, paving the way for the consolidation of the state’s control over the energy sector.
