Energy

Protest against fracking

New York bans fracking after health report

New York state will ban hydraulic fracturing after a long-awaited report concluded that the oil and gas extraction method poses health risks, Governor Andrew Cuomo's administration said on Wednesday.

Read Full Article
Fort McMurray, Alberta

In Canada's oil sands, a boomtown starts feeling the chill

The boomtown in the heart of Canada's oil sands region is getting nervous. Fort McMurray, surrounded by the boreal forest of northern Canada, has long drawn thousands with jobs that paid six-figure salaries to a region that produces more crude than anywhere else in the Western Hemisphere.

Read Full Article
Crude oil

Oil hits new five-year low before rallying to $63

Brent crude oil hit a fresh five-year low close to $60 a barrel on Monday after producer group OPEC restated its determination not to cut output despite a global fuel glut, but the North Sea benchmark later rallied to around $63.

Read Full Article
Abdullah al-Badri

OPEC chief defends policy, says group to try to ride out price fall

Oil producers group OPEC can ride out a slump in oil prices and keep output unchanged, its head said on Sunday, arguing market weakness did not reflect supply and demand fundamentals and could have been driven by speculators.

Read Full Article
Oil train

U.S. taxpayers help fund oil-train boom amid safety concerns

For the past 18 months, Americans from Albany to Oregon have voiced growing alarm over the rising number of oil-laden freight trains coursing through their cities, a trend they fear is endangering public safety.

Read Full Article
Gas station

Oil sinks below $63 to lowest in over five-years on glut, weak demand

Brent crude oil slipped on Friday to below $63 a barrel, its lowest since July 2009, on persistent concerns over a global supply glut and a sluggish demand outlook.

Read Full Article
Nuclear Plant

As Japan burns more coal, climate policies under pressure

Once at the forefront of the fight against global warming, Japan is now facing calls from other big economies such as China to set fresh emissions targets as Tokyo increases its use of dirty coal energy to replace nuclear.

Read Full Article
U.S. Secretary of State John Kerry

Kerry feels heat on Keystone oil pipeline at U.N. climate talks

U.S. Secretary of State John Kerry on Thursday urged countries at U.N. climate talks in Lima to move away from using fossil fuels while demonstrators gathered outside the meeting urged him to reject the Keystone oil pipeline.

Read Full Article
Oilfield

OPEC cuts 2015 demand forecast for its oil to lowest in a decade

Global demand for OPEC crude in 2015 is expected to fall to the lowest level in more than a decade and far below current output, the group said on Wednesday, pointing to a hefty supply surplus without OPEC output cuts or a slowdown in the U.S. shale boom.

Read Full Article
BP Plc

BP to spend $1 billion on hundreds of job cuts, restructuring

BP will cut hundreds of jobs across its global oil and gas business by the end of next year in a $1 billion restructuring program announced on Wednesday following steep falls in oil prices.

Read Full Article
Oil drills

U.S. fracking bonanza to lift GDP by 1 percent by 2040: study

A surge of oil and gas production will drive the U.S. economy 1 percent higher in 2040 than it would have otherwise grown, and energy exports will only stoke the expansion, an independent study on energy policy concluded on Tuesday.

Read Full Article
U.S. Rep. Joe Barton

Congressman to introduce bill to lift U.S. oil export ban

U.S. Representative Joe Barton will introduce a bill on Tuesday to lift the 40-year ban on exports of crude oil, but the measure has almost no chance of passing due to lawmaker concerns about fuel prices and costs to refiners.

Read Full Article
Oil seep

U.S. shale output still surges, to add 103,000 bpd by Jan-EIA

Oil production from the United States' biggest shale plays is poised to keep expanding at the same breakneck pace into early next year, according to new U.S. projections released on Monday that highlighted a slow response to tumbling prices.

Read Full Article
Crude Oil

Oil drops $2 to five-year low on oversupply

Brent and U.S. crude oil each fell more than $2 a barrel on Monday to a new five-year low amid a rising number of predictions that oversupply would extend well into 2015.

Read Full Article
Donetsk

Ukraine allows state firm to import power from Russia

Ukraine's government has allowed state energy company Ukrinterenergo to import electricity from Russia to cover current power shortages caused by a lack of coal, the Ukrainian energy ministry said.

Read Full Article
1 2 3 4 5 6 7 8 9 10  

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics