The United Kingdom aims to block the purchase of North Sea oil and gas assets by Mikhail Fridman and his Luxembourg-based LetterOne investment vehicle. The UK is concerned Mr. Fridman may fall under Western sanctions and slow production in the North Sea.
For the European Union's Energy Union to work, Brussels must convince member states to support a durable European solution to their energy challenges, writes Kristine Berzina of the German Marshall Fund – even if that means putting up with EU bureaucracy.
US funding for energy research development and demonstration is detrimentally modest, according to a new report. Here's how the US spends the roughly $5 billion it allocates to energy research each year.
There's a chance that the recent rebound in oil prices is only temporary. Several trends are conspiring to force oil prices down for a second time.
Some OPEC members, concerned about the economic impact of low oil prices, say the cartel may have to call an emergency meeting sooner rather than later. But Saudi Arabia, the most influential member, is likely to veto such an idea.
An oil refinery strike continues to spread across California, Texas, and elsewhere across the US. It is now the largest US oil refinery strike in nearly 35 years.
Due to a combination of union strikes, an oil refinery explosion and the winter season, gas prices are rising again.