Greta Thunberg brought a stark message to the business elite gathering in Davos: Everybody is talking about climate change, but nobody is doing anything. Her appearance at the opening of the World…
BP pulls out of Iraq’s Kirkuk fi eld as expansion plans stall
LONDON – BP has pulled out of Iraq’s giant Kirkuk oilfield after its $100 million exploration contract expired with no agreement on the field’s expansion, dealing a fresh blow to Iraq’s hopes…
DAVOS-Oil industry in Davos: torn between Greta and Trump
Oil majors are at the sharp end of the climate debate and face a bewildering balancing act to secure their futures. It’s a Catch-22 situation: to meet ambitious emissions targets by investing…
The Truth About the Trump Economy
It is becoming conventional wisdom that US President Donald Trump will be tough to beat in November, because, whatever reservations about him voters may have, he has been good for the American…
US ROLE ‘CRUCIAL’ FOR EAST MED OIL AND GAS BOOM – ENERGY EXPERT
ATHENS, Greece: Keeping the United States engaged in the Eastern Mediterranean is the surest way to help the region get the most out of its hydrocarbon resources, an industry veteran told a…
OPEC sees growing supply threat from rivals beyond U.S. shale
LONDON (Bloomberg) – OPEC’s latest forecasts suggested a weaker outlook for global oil markets this year as surging supplies from competitors from Norway to Guyana threaten the group’s efforts to defend crude…
Privatisation matters: Foreign investors express interest in LNG plants
ISLAMABAD: Pakistan has managed to secure broad-based interest in the privatisation of multibillion-dollar liquefied natural gas (LNG)-fired power plants as a dozen global and local companies, including a military-backed local consortium, have…
Natural gas drops below $2 as US shale blitz overwhelms demand
Natural gas futures sank below $2 per million British thermal units for the first time since 2016 as an onslaught of US supply from shale basins overwhelmed demand for the heating and…
Lagarde Started ECB Tenure Amid Calls for Policy Vigilance
Christine Lagarde’s first policy meeting as European Central Bank president started off with calls for “vigilance” on the efficacy of current stimulus measures, even as officials agreed to maintain their stance for…