An accord on Iran's nuclear program opens the door for the Islamic Republic's return to prominence in the global oil market. Iranian officials are already on the hunt for regional partners and western investors to help rebuild an energy industry decimated by international sanctions.
President Obama toured a steel plant in Cleveland to highlight job growth in the auto industry and pointed to one area where the US is making advances: energy.
Unstable Iraq and deep-water Brazil are projected to make up more than half of the global increase in oil production over the next two decades, according to the International Energy Agency. It's not impossible, Cunningham writes, but it’s quite a risky bet.
Tesla CEO Elon Musk dismissed concerns over a third battery fire Tuesday, saying the Tesla Motors Model S electric car is among the safest cars on the road. The outspoken Tesla CEO is using his high profile to counter worries about the safety of electric car batteries.
Gas prices are the lowest they've been in 33 months in the US, and are projected to approach the $3 mark as the year comes to an end. A combination of ample domestic supplies and light demand are keeping gas prices low, but it may not be enough to boost holiday spending.
The US will lead the world in oil production for two decades starting in 2015, according to a new report. After that, OPEC will reassert its dominance in oil production.
One of Africa's leading oil states is tearing apart at the seams defined largely along the divisions suppressed during Moammar Gadhafi's autocracy, Graeber writes. With 48 billion barrels of proven oil reserves at stake, what's next for Libya may have less to do with political reform than it does with who controls the oil spigots.