(Reuters) – U.S. President Donald Trump spoke on Friday to Saudi Crown Prince Mohammed bin Salman about Middle East stability and the oil market, the White House said, after tensions with Iran…
IEEFA report: Advances in electricity storage suggest rapid disruption of U.S. electricity sector
June 14, 2019 (IEEFA) — Momentum is gaining around an industry shift toward utility-scale battery storage systems nationally, finds a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The…
Large Exxon Shareholder Starts Divesting Over Climate Change
(Bloomberg) — One of Britain’s biggest fund managers started selling shares in Exxon Mobil Corp., saying America’s largest oil company isn’t doing enough to address climate change. Legal & General Investment Management,…
European Council conclusions on the MFF, climate change, disinformation and hybrid threats, external relations, enlargement and the European Semester, 20 June 2019
II. Multiannual financial framework 2. The European Council welcomed the work done under the Romanian Presidency and took note of the various elements of the MFF package. It called on Finland’s Presidency…
Exxon’s $53 billion Iraq deal hit by contract snags, Iran tensions – sources
BASRA, Iraq/BAGHDAD (Reuters) – Just weeks ago, U.S. energy giant ExxonMobil looked poised to move ahead with a $53 billion project to boost Iraq’s oil output at its southern fields, a milestone in…
Oil hopes fire up Lebanon-Syria border issue
BEIRUT: All eyes have been fixed on south Lebanon as the country engages in U.S.-sponsored negotiations to demarcate its maritime border with Israel, ahead of Lebanon’s first offshore hydrocarbon exploration planned for…
Exclusive: Russia to boost LNG output fivefold to supply Asia
Utilizing the Arctic, Moscow eyes 20% global market share, energy minister says. MOSCOW — Russia aims to increase its liquefied natural gas output about fivefold by 2035 to capture about 20% of…
RWE warns on European gas demand
The German utility paints a sobering picture for the future of the fuel, even in a lower price environment. Low carbon heating systems and a huge growth in renewables will continue to…
US sanctions debilitate Venezuelan oil output
President Nicolas Maduro is standing firm, despite oil production falling to levels not seen since the infamous oil lockout of 16 years ago Venezuela’s oil sector continues its precipitous collapse, stricken by…
Progress made on southern maritime demarcation talks
Israel has agreed to a number of Lebanese conditions for negotiating the demarcation of their joint maritime border, marking a positive shift in years-long efforts to find a solution to the dispute….