Escalating demand for crude in the China Rim region-comprising China and 18 surrounding countries-will outstrip supply over the next 5-50 years and precipitate a crisis of “economic...
The phrase "oil weapon" almost universally calls to mind the October oil embargo of 1973, although various countries have used oil as a political weapon in recent history.
The months preceding the 1973 embargo witnessed a marathon of negotiations over prices, taxes, and shares between governments of the oil-producing countries and the international...
Large projects recently completed or under way in Saudi Arabia represent production capacity of 3 million b/d of crude oil, the kingdom’s energy minister said at an Apr.
US refiners will need to supply motorists with increasingly clean fuels produced from increasingly sour crude oil, and it won’t be easy, experts warned during an US Energy Information...
Official corruption, sabotage, and oil smuggling are costing Iraq billions of dollars each year, according to officials from the Oil Ministry and the State Organization for Marketing...
Russian natural gas giant OAO Gazprom will resume receiving supplies of natural gas from Turkmenistan after the countries ended a 17-week stand-off over the price.
On Apr. 22-Earth Day-Ben & Jerry’s, the ice cream subsidiary of Unilever NV, protested the long-standing proposal to drill the Alaskan Arctic National Wildlife Refuge by creating...
Japanese Prime Minister Junichiro Koizumi has called for dialogue between Japan and China to help settle their growing disagreement over oil and gas drilling rights in disputed...
