The US, Canada, and Mexico look to bolster a North American energy boom that has redefined global fuel flows. But oil prices continue to plunge, threatening to curtail the expensive kinds of oil and gas that have prevailed across the continent.
Chevron's move to pull out of a $10 billion gas deal in Ukraine is only the latest in a series of investment setbacks resulting in much less certainty for Ukraine's energy security.
Declining oil prices are supposed to have a balanced ledger of winners and losers, Cobb writes. But we may be on our way to finding out that in the long run we will have a much larger list of losers than winners.
Oil prices continue to plummet, leading to all sorts of economic boosts for consumers. But the drop in oil prices has yet to benefit air passengers, who may or may not see lower airfare in the coming year.
Lima climate talks ended in a deal leaders hope will spur global action on climate change; Industrialized nations raised $10 billion to finance clean energy across the globe; Congress made its first major foray into debating the end to the US oil exports ban. Catch up on global energy with Recharge.
Consumers get lower heating bills and prices at the pump. Russia, Iran, and Venezuela face shrinking treasuries, while Saudi Arabia tries to still US drills.
Oil prices will stay at $64 per barrel for six or seven months unless OPEC changes its production policy or the global economy recovers, according to the chief executive of Kuwait's state-run oil company.
The US could fight back in an oil prices war with OPEC by employing one simple, big move. But, I can confidently predict that the country will not do it. Why? Because it involves a tax, a tariff actually.
Surging US oil production and plummeting oil prices has ignited a debate over a decades-old ban on US crude exports. It's an issue that will get increasing attention in a GOP-dominated Senate next year.
Oil companies are still drilling in the United States despite a supply gut causing the drop in oil prices. It defies predictions that drilling, much less exploration, would decline because of collapsed oil prices.
During an appearance on the Colbert Report, President Obama tip-toed around his position on the controversial Keystone XL pipeline. Republicans are likely to push Obama to approve the pipeline when they control the US House and Senate next year.
Ukraine has sent $378.22 million to Russia as advance payment for natural gas supplies. The payments and the flow of gas come just in time, as wintry weather settles on Ukraine.
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.