The International Energy Agency has laid out a $3 trillion green recovery plan, offering governments around the world a “once-in-a-lifetime” roadmap to sustainably rebuild their economies in the wake of the coronavirus pandemic.
The Sustainable Recovery report, published Thursday, is designed to...
Oil fell more than 2% on Monday, extending losses from last week, as new coronavirus infections hit China and the United States, raising the prospect that renewed outbreaks of the virus could weigh on the recovery of fuel demand.
Brent crude futures fell 89 cents, or 2.3%, to $37.84 a barrel....
Iraq has asked BP to cut crude production at the nation’s biggest field of Rumaila by 10% as part of a push to comply with OPEC+ quotas, according to a person familiar with the matter, who asked not to be identified as the matter is private.
The deposit, near the southern oil hub of Basra,...
It was too good to be true. Last weekend’s OPEC+ meeting took a decision in record time to extend deep output cuts that had halted a dramatic slide in prices — and members even agreed to abide by them.
The timing was perfect. The deal would keep oil from flooding the market, allowing time for...
A new report on global energy developments shows how far wind and solar have come—and hints at how far they’ll go.
More than $2.7 trillion has been invested in building up renewable energy capacity over the past decade. In those same 10 years, renewables more than doubled their share of the...
The first phase of a long-awaited project to divert water from Karoun River to Gheyzaniyeh rural district in Ahvaz, Khuzestan Province has come on stream, a deputy head of the provincial Rural Water and Wastewater Company said.
“The 60-kilometer pipeline carries 17,000 cubic meters of potable...
A multi-million pound fund has been set up to help the energy sector in Scotland recover from the dual economic impacts of coronavirus and the oil and gas price crash.
The £62 million ($78 million) Energy Transition Fund will support businesses in the oil, gas and energy sectors over the next...
Exxon will postpone the start of expansion works at its Beaumont refinery in Texas because of still slow demand for fuels, Bloomberg reported, citing unnamed sources familiar with the situation.
The expansion was to be completed by 2022 but now the deadline has been moved to a year later. This...
Roughly 6.5% of crude oil production in the US Gulf of Mexico remained offline on June 12 from Tropical Storm Cristobal's weekend saunter through the region, bringing the area's output closer to normalcy during what after a dozen days has already been an active hurricane season.
More than 122,...
Oil prices fell on Friday, extending heavy overnight losses as a surge in US coronavirus cases this week raised the prospect of a second wave of the Covid-19 outbreak hitting demand in the world’s biggest consumer of crude and fuel.
West Texas Intermediate was down 65 cents, or nearly 2%, at $35...