Saudi Arabia pushes through pain of breaking oil habit
Under pressure from a collapse in oil prices, Deputy Crown Prince Mohammed bin Salman last April unveiled his Vision 2030 to transform the kingdom’s economy.
Bipartisan Senate bill on Venezuela calls for Trump to block Russian oil deal
A bipartisan group of U.S. Senators introduced a wide-ranging bill Wednesday aimed at the crisis in Venezuela, calling for sanctions and demanding President Donald Trump step in to prevent a deal struck by Venezuela’s state oil company that might lead to Russian ownership of U.S. oil.
Norway races Australia to fulfill Japan’s hydrogen society dream
Norway and Australia are racing each other to show they can supply Japan with hydrogen, hoping to fulfill its ambition to become the first nation significantly fueled by the super-clean energy source.
Nearly 40 percent of the oil we consume is imported
How is that possible? Let’s break it down.
Kuwait is best off, Nigeria worst in Fitch’s 2017 oil break-even
Kuwait’s in the best position of major oil exporting nations in the Middle East, Africa and parts of Europe to have a balanced government budget this year with oil forecast to average $52.50 a barrel, according to Fitch Ratings Ltd.
A squabble at Iraq’s oldest oil field could rock global supplies
A territorial dispute in northern Iraq threatens to disrupt oil output at a field containing as much crude as Norway, even as U.S.-backed forces prepare what could be a decisive blow against Islamic State militants in the nearby city of Mosul.
Oil theft ‘provides billions for terrorists and drug cartels’
Mexican drug gangs can earn $90,000 in seven minutes from tapping a pipeline of refined oil, while insurgents in Nigeria financially benefit from a share of the third of the country’s refined oil exports that is lost to theft, says the Atlantic Council.
Half of all new cars in Norway are now electric or hybrid
Norway said that electric or hybrid cars represented half of new registrations in the country so far in 2017, as Norway continues its trend towards becoming one of the most ecologically progressive countries in the world.
3 billion cars by 2050 would need biofuels to offset climate impact: projection
Even with aggressive promotion of battery-electric or hydrogen fuel-cell cars, hundreds of millions of internal-combustion vehicles will remain on the world’s roads for decades to come.
After oil deal, Russia backs Libyan autonomy
Weeks after wading into its oil sector, and on the eve of a state visit, a Kremlin spokesman said Libya should be free from foreign intervention.
