The Latest Breaking News from Oil

Grocery shoppers may not realize that what they put in their carts can have far-reaching consequences. Case in point: Northern and southern pigtailed macaques are considered globally threatened with decreasing populations, and the International Union for Conservation of Nature just recently reclassified southern pigtailed macaques as “endangered.” What can that…

The UN’s call for windfall taxes must be taken up by governments to help break the power of greedy cartels

BP, Chevron, ExxonMobil, Shell and TotalEnergies spend $750m a year burnishing climate credentials but only 12% of capital on low-carbon development

The future of the oil and gas industry has been thrown into disarray after a string of submissions ranging from a complete ban on fracking to prohibiting subsidies — were passed without dissent at an NT Labor Conference.

Customs data suggest demand from Beijing and New Delhi is largely offsetting loss of sales to Europe

Ukraine retakes towns in Kharkiv in surprise counterattack, Zelenskiy claims; Putin threatens to tear up grain deal and cut off all gas, oil, and coal to Europe

The state has had to rely more on natural gas to produce electricity and avoid power outages even as Gov. Gavin Newsom moves toward ending the use of oil and gas.

New PM Liz Truss is refusing to impose a windfall tax on energy companies who made £170billion in excess profits amid the cost of living crisis to fund her bills freeze

She has already rejected the idea of a windfall tax on profits from the oil and gas companies, reported to be up to £150billion