Even ExxonMobil says climate change is real. So why won’t the GOP?
To understand how dangerously extreme the Republican Party has become on climate change, compare its stance to that of ExxonMobil.
The ‘red line’ issue that exposes deep divisions in the Paris climate talks
Buried in the detail of the Paris Accord could be some innocuous-looking words that will have a powerful impact on whether it ever delivers the greenhouse gas reductions it promises.
China pollution: Beijing issues first red smog alert
Schools in Beijing are to close and outdoor construction to stop after the Chinese capital issued its first “red alert” over smog levels.
OPEC unity shattered as Saudi-led policy leads to no Limits
OPEC has abandoned all pretense of acting as a cartel. It’s now every member for itself.
The party is over for oil
When oil prices started taking off in 2004, it was part of the same “commodity supercycle” that sent prices of so many other commodities spiraling up. Oil stayed at the party longer than anyone else but now, the party is over.
Oil slumps to near seven-year low on OPEC inaction, dollar
Crude oil futures tumbled to their lowest in nearly seven years on Monday after OPEC failed to address a growing supply glut, while a stronger dollar made it more expensive to hold crude positions.
Paris climate change talks yield first draft amid air of optimism
Negotiators paving the way for a global climate change agreement in Paris have cleared a major hurdle, producing a draft accord in record time and raising hopes that a full week of minister-led talks can now clinch a deal despite many sticking points.
U.S. oil rig count falls to lowest level since June 2010
The U.S. oil rig count fell by 10 to 545 last week, for a third period in a row, according to oil driller Baker Hughes. That’s the lowest tally since the week of June 4, 2010.
Canceled projects could draw down 19 million daily oil barrels
Blindsided by a brutal downturn, oil companies have scuttled plans for scores of costly energy projects in an industry-wide retreat that could wipe out 19 million barrels from the world’s daily regimen of hydrocarbons over the next few years, a new report says.
OPEC internal report warns oil prices to remain depressed
An internal OPEC document written to prepare a crucial meeting Friday warns oil prices will remain under pressure in the near future while markets would remain oversupplied even if the cartel cut its production.
