ISIS attacks in Iraq have sent oil prices soaring and cast further doubt on long-term growth in Iraq's oil sector. As recently as February, oil production in Iraq was booming – a sign of economic progress that traders worry will be reversed.
Gas talks between Russia and Ukraine threaten to fall apart as European officials fail to broker an agreement between the two over a longstanding gas price dispute. Ultimately, Russia and Europe have too much to lose to let them fail.
G7 leaders condemned Russia's use of energy as a weapon, and reaffirmed European efforts to secure and diversify their own supplies. Russia-Europe energy partnerships won't fade anytime soon, but the Ukraine crisis is pushing Western Europe to look inward for new energy supply while Southeast Europe charts its own course.
'We're committed to getting this done,' the White House's John Podesta said Friday of a new EPA proposal to limit carbon emissions from power plants. A business report showing a hit to the US economy contained 'fantasy job loss numbers,' he said.
The EPA will unveil new regulations to reduce carbon dioxide emissions from power plants by 30 percent by 2030. The EPA power plant rules are the most aggressive of President Obama's Climate Action Plan and have already provoked heated debate over a complex issue.
An ongoing dispute over gas prices between Russia and Ukraine threatens to undermine the success of Sunday's presidential elections. As it enters a new era, Ukraine must mend ties with Russia to ensure continued gas supplies, while also looking for long-term ways to diversify its energy supply.
Russia and China signed a major natural gas deal in 11th-hour negotiations Wednesday. The Russia-China natural gas deal helps to realign the focus of global energy geopolitics for decades to come.
Russia and China have yet to close a much-anticipated natural gas supply deal as Russian President Vladimir Putin makes a state visit to Shanghai this week. A deal between Russia and China on gas is still likely to happen, but China will continue to drive a hard bargain.
A Turkey coal mine explosion Tuesday lies at the intersection of the country’s soaring energy demand and lax mining safety rules. Coal mine safety has improved dramatically in the US and parts of Europe, but it remains a very risky enterprise in economies eager for the cheap form of fuel.
A global transition to clean energy would cost $44 trillion but save $115 trillion in avoided fuel costs, according to a new report. Such benefits would be spread out over the course of decades. A broad shift to clean energy will require more holistic, long-term approaches to policy and financing.
White House solar panels are back at the First Family's residence, the Obama administration announced Friday. The White House solar panels cap off the Obama administration's week of energy and climate change initiatives, aimed at raising public awareness of the threats posed by carbon emissions.
Climate change poses threats to the extraction, production, and distribution of energy across the US, according to a new climate-change report from the Obama administration. Much of the challenge for the energy industry revolves around its reliance on water for cooling and production needs.
Ukraine violence escalated over the weekend and into Monday as pro-Russian militants clashed with Ukraine forces in the east and the Black Sea port city of Odessa. The threat of another natural gas shutoff intensified, too, with Russia and Ukraine failing to agree on terms for paying down Ukraine's gas debt.
The Supreme Court upheld a federal regulation Tuesday that limits the amount of air pollution that can cross state lines, handing a victory to the Obama administration's efforts to limit air pollution. The Supreme Court ruling deals a blow to the US coal industry, but the biggest hit is yet to come.
New Western sanctions on Russia over Ukraine early this week did little to deter the world's leading energy firms from moving ahead with major oil and gas projects in Russia. That could change as Washington and Brussels mull broader sanctions on Russia's energy industry.
Energy Secretary Ernest Moniz visited Boston Tuesday to commemorate Earth Day at the New England Aquarium. Before heading to Fenway Park to throw out the first pitch at a Red Sox game, he sat down with the Monitor's David J. Unger to talk about the Ukraine crisis, oil exports, methane leaks, and his optimism about tackling climate change. Here are excerpts (edited for clarity):
The Ukraine crisis presents the country with an opportunity to boost its domestic energy production with the help of American expertise, says US Energy Secretary Ernest Moniz, in a Monitor interview. US experts will support Ukraine natural gas production and energy efficiency as part of a crisis support package announced Tuesday.
Diplomats from Russia, Ukraine, Europe, and the US agreed Thursday to steps that aim to deescalate an increasingly delicate situation in eastern Ukraine. Energy interdependency has helped tamp down tensions as the sides take a step toward settling Ukraine's natural gas debt.
Clean energy is off to a strong start in 2014, with global investment rising as prices for wind and solar power continue to drop. Renewables still hold a small share of total energy mixes, but clean-energy growth is picking up momentum.