Hungary and Slovakia Block New EU Sanctions against Russia
The European Union failed to approve a fresh round of sanctions against Russia as Hungary and Slovakia halted the measures, laying bare divisions within the bloc as the war in…
UK Oil Refineries Face Extinction Without Urgent Policy Shift
As the UK government on Monday published a call for evidence on the future of the country’s downstream sector, the Fuels Industry UK association called for urgent change in Britain’s…
Big Oil Challenges $5 Billion Environmental Fine in Kazakhstan
The international oil companies operating the giant Kashagan oilfield in Kazakhstan have initiated an arbitration process to challenge a massive $5-billion fine for allegedly exceeding sulfur storage limits at a…
UN Secretary General: Clean Energy Future Is within Reach
The clean energy future is within reach, Antonio Guterres, the United Nations Secretary General, said after meeting with renewable energy representatives in India. “I recently met with leaders from across…
Supreme Court to Rule on Exxon’s $1 Billion Cuba Assets Claim
The U.S. Supreme Court will be hearing on Monday arguments by ExxonMobil, backed by the Trump Administration, about the scope of a law allowing American companies to claim damages for…
Chevron Moves to Acquire Lukoil’s Major West Qurna 2 Oilfield in Iraq
Chevron has signed a preliminary deal with Iraq’s Basra Oil Company to discuss the potential sale of the giant Iraqi oilfield West Qurna 2, formerly operated by Russia’s Lukoil, to…
$100 Oil Price Forecasts Resurface Amid U.S.-Iran Standoff
Oil price spikes to $90-$100 per barrel are “within reach” as the United States and Iran appear close to war, Fereidun Fesharaki, Chairman Emeritus at energy market consultancy FGE NexantECA,…
