New oil projects are being scrapped in Norway amid falling production and low oil prices. Despite efforts to diversify, Norway’s economy is overwhelmingly dependent on oil, which accounts for more than half of the country’s exports.
A rosy outlook for clean energy now takes on an air of uncertainty as renewables look to avoid becoming a casualty of an era of low oil prices.
Oil prices have plunged in recent months, which is bad news for energy firms who have relied heavily on debt to finance their operations. Amid low oil prices, could a shakeout of the oil industry spark a broader financial crisis?
Falling oil prices benefit China because the country does not make money on oil. Instead, it buys it, and is the world's largest net importer of oil. The lower oil prices fall, the more affordable it becomes for China to develop its economy.
Germany is weighing whether or not to undertake another monumental energy transition – shutting down its coal-fired power plants in order to slash carbon emissions. Europe's largest economy is already charting an impressive path forward with renewable energy.
Several US states that are overly dependent on oil to meet their budget forecasts are up for a big disappointment. They're experiencing the challenge of budget woes as a fall in oil prices could pose serious consequences for their economies.
There is a high degree of uncertainty over how November's OPEC meeting and Iranian nuclear negotiations will unfold. Either way, the end of November will have a huge impact on oil prices.
While no-one can accurately predict the weather, judging from the market as it currently stands, a repeat of 2014's polar vortex-effect is unlikely. Winter is indeed coming, Topf writes, but it seems natural gas supplies are ready for it.
Kurdistan and Iraq's central government have inked a major but temporary deal over oil exports.
US President Obama and Chinese President Xi Jinping announced commitments this week aimed at stemming climate-warming carbon emissions. But observers wonder if those goals are realistic, and if they're ambitious enough to make a difference.
Oil prices may be low now, but don't bank on cheap prices forever. The International Energy Agency's latest report indicates that demand will rebound significantly, and the supply side will have difficulty keeping up.
The new natural gas deal between China and Russia is lopsided in China's favor. Western sanctions, plunging oil prices, and a plummeting currency all put Russia at a bargaining disadvantage vis-à-vis China.
Watch out, US shale boom: Plummeting oil prices are challenging the economics of expensive shale drilling. Low oil prices make shale drilling less profitable, and some oil companies are paring back spending and drilling plans as a result.
More than a hundred birds died in Alberta oil sands waste ponds last week, raising questions about whether oil companies in Canada are doing enough to protect wildlife.
Republicans captured the Senate in Tuesday's elections, setting the stage for the GOP to push major energy issues – including approval of the Keystone XL pipeline. And with support from moderate Senate Democrats, Keystone likely has the support to make it through Congress.
Automakers Hyundai and Kia underestimated the mileage for more than 1 million of its vehicles, landing their parent company a $100 million fine. But the Hyundai Motor Group will also have to give up greenhouse gas credits valued at more than $200 million.
If Republicans win the US Senate in Tuesday's midterm elections, it's likely the party will move to open up Arctic drilling for oil. The controversial issue has come back in this year's midterm elections in Alaska.
The midterm election in Ohio is a referendum on the future of fracking in the state. Gov. John Kasich of Ohio appears poised to win re-election on a promise of expanded oil and gas drilling coupled with increased taxes on the industry.
Oil prices are dropping on high supply and low demand, and everyone is wondering how much lower can oil prices drop. The answer, writes Tillier, is not much lower.
Gas prices are rapidly dropping due to the slump in crude oil prices and that is bad news for electric cars. The emerging technology has come a long way in recent years, but a prolonged state of low gas prices could further slow the spread of electric cars.