The World Bank will no longer finance upstream oil and gas projects after 2019, apart from certain gas projects in the poorest countries in exceptional circumstances, drawing praise from environmental groups.
Electric vehicles sales surged to a record in the third quarter, largely driven by strong demand in China.
The geopolitical turmoil unleashed by the unprecedented crackdown helped push oil prices higher, creating an ancillary benefit for both the kingdom’s rulers and the upcoming IPO of Aramco.
Norway’s trillion-dollar sovereign wealth fund is proposing to drop oil and gas companies from its benchmark index, which would mean cutting its investments in those companies.
Global oil demand will fall only modestly alongside the expected rise in electric vehicles over the next two decades, with consumption in petrochemicals and other transportation still growing, the International Energy Agency said.
Gasoline containing up to 10 percent of ethanol has become the top-selling petrol in France, its largest market in the European Union, helped by a tax break that made the crop-based fuel more attractive to drivers.
Saudi Arabia accused Lebanon on Monday of declaring war against it because of aggression by the Iran-backed Lebanese Shi‘ite group Hezbollah, a dramatic escalation of a crisis threatening to destabilize the tiny Arab country.
Levels of airborne pollutants are off the scale in parts of India’s capital with effects likened to smoking 50 cigarettes a day.
Global demand for cobalt and nickel, two of the essential elements in electric car batteries, has never been higher. But where do all those metals come from?
The U.S. will no longer participate in the Extractive Industries Transparency Initiative (EITI), a global initiative that requires member nations to disclose their revenues from oil, gas and mining assets.
Our Mission: Fuel Freedom Foundation is working to reduce the cost of driving your existing car or truck by opening the market to cheaper, cleaner, American-made fuel choices at the pump.