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OPEC

Iran’s Raisi tells Putin in Moscow that West backs Gaza ‘genocide’

by Walter Watson
Iran’s Raisi tells Putin in Moscow that West backs Gaza ‘genocide’

Iranian President Ebrahim Raisi accused the West on Thursday of supporting “genocide” by Israel against Palestinians in Gaza, at the start of talks in Moscow with President Vladimir Putin. As …

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Putin takes lightning tour of U.A.E., Saudi Arabia — 2 countries where he won’t be arrested

by Walter Watson
Putin takes lightning tour of U.A.E., Saudi Arabia — 2 countries where he won’t be arrested

Russian President Vladimir Putin visited the United Arab Emirates on Wednesday before departing for Saudi Arabia in a one-day lightning tour intended to raise Moscow’s profile as a Middle East power …

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Venezuela will vote on territory that belongs to recently oil-rich Guyana

by Walter Watson
Venezuela will vote on territory that belongs to recently oil-rich Guyana

Judges at the World Court on Friday ordered Venezuela to refrain from taking any action that would alter the situation on the ground in a potentially oil-rich territory that is …

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Oil price decline eases Asia’s inflation fears as Opec cuts disappoint

by Walter Watson
Oil price decline eases Asia’s inflation fears as Opec cuts disappoint

The cuts are likely to keep supply-demand tightly balanced, analysts said. Delegates had earlier discussed as much as 2 million barrels per day of new production cuts, which had been …

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COP28 climate conference begins with controversy and early financial breakthrough

by Walter Watson
COP28 climate conference begins with controversy and early financial breakthrough

After facing renewed criticism for his deep ties to the oilpatch on the eve of hosting the world’s largest ever climate summit, the president of COP28 scored an early victory …

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Opec+ slashes oil output further to boost flagging prices

by Walter Watson
Opec+ slashes oil output further to boost flagging prices

Following the virtual meeting of ministers from the 23-member Opec+ alliance, Riyadh announced it would extend its voluntary oil production cut of 1 million barrels per day until March 2024. …

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UN weather agency says 2023 was hottest year on record

by Vera Ward
UN weather agency says 2023 was hottest year on record

By Jamey Keaten and Bassam Hatoum | Associated Press DUBAI, United Arab Emirates — The U.N. weather agency said Thursday that 2023 is all but certain to be the hottest …

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Can Cop28 elbow out fossil fuels amid ‘aggressive’ plan to triple renewable energy by end of decade?

by Walter Watson
Can Cop28 elbow out fossil fuels amid ‘aggressive’ plan to triple renewable energy by end of decade?

Climate activists say increasing renewable energy will not automatically push out fossil fuels, which have been the biggest contributor to global warming. Instead, fossil fuel producers are likely to step …

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Fifty Years After Energy Crisis, Oil Still Has Role, Gas Critical One

by Anas Siddiqui
Fifty Years After Energy Crisis, Oil Still Has Role, Gas Critical One

The LNG tanker Shahamah plying the Uraga Channel, connecting Tokyo Bay to the Sagami Gulf. Creative Commons, http://photozou.jp/photo/show/254715/24141912 It has been 50 years since the Arab oil embargo and the …

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Biden Energy Policies Reducing America’s Global Influence

by Anas Siddiqui
Biden Energy Policies Reducing America’s Global Influence

(Original Caption) 11/9/1979 Teheran, Iran: Demonstrators perched atop of the United States Embassy … [+] wall, burn an American flag, the fourth American flag to be burned since the students …

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