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June 12, 2015
Russia Set to Import Electricity From Finland
Electricity has become so inexpensive in Europe’s Nordic countries that Russia, originally only an energy exporter to the region, will now begin importing power from neighboring Finland as well.
June 10, 2015
Why This California Oil Spill Could Have Been Prevented
Experts say flawed technology and perhaps even human error may have led to the rupture of the pipeline that burst in California last month, spilling up to 2,400 barrels of crude oil onto the Santa Barbara coastline.
May 28, 2015
Iran Claims U.S Hackers Tried to Attack Its Oil Ministry
Iran says its Islamic Republic Cyber Police, known as FATA, has successfully prevented attempted cyber-attacks from the United States on its Oil Ministry.
May 21, 2015
Will Oil Return to $80 Per Barrel Without OPEC Production Cut?
A senior Iranian energy official says he expects oil prices to rise to $80 per barrel late next year even if OPEC doesn’t cut production during its impending meeting.
May 04, 2015
The Russian Economy May Be Stumbling Back to Its Feet
The Bank of Russia has cut interest rates for the third time so far this year.
April 23, 2015
Russian Spin Doctors Are in Full Flow Over GDP Drop
The Central Bank of Russia says it expects the country’s economy to contract by up to 4% in 2015 because of lower oil prices and sanctions.
April 20, 2015
OPEC Says U.S. Oil Boom Will End This Year
OPEC says the demand for its oil will rise during 2015 because the cartel is winning its price war against U.S. shale producers.
April 04, 2015
OPEC Earnings Fall With Oil Prices
The 9-month-old plunge in the price of oil combined with a decrease in exports cut into OPEC’s net earnings in 2014, according to estimates by the U.S. Energy Information Administration.
March 29, 2015
Will Pollution Keep the 2022 Olympics Out of China?
With the 2022 Winter Olympics looming, there are only two significant impediments to China’s efforts to host the Games in Beijing: Almaty, Kazakhstan, and the notorious smog that chokes the Chinese capital.
March 24, 2015
Russia’s Finance Minister Says the Worst Is Over
Is the worst over for Russia's economy?
March 05, 2015
This Is Why Warren Buffett Dumped His Exxon Holding
The “Oracle of Omaha,” didn’t say what “other uses” he might have for the $3.7 billion that he’d invested in Exxon Mobil. But he did say why he sold the stock.
February 21, 2015
Rosneft Spokesman Slams Canadian Oil Industry in Response to Sanctions
So what do you do when a wealthy nation imposes sanctions on your chief – perhaps only – industry? In the case of Russia, the answer is to fling insults.
February 12, 2015
Rosneft CEO Blames OPEC for Oil Market ‘Destabilization’
Russia is seeking observer status in OPEC, but the CEO of Rosneft, its largest oil company, said there is no chance that Moscow would want to become a member.
February 05, 2015
How Russia’s Gas Monopoly Plans to Survive Its Divorce With Europe
As oil companies fret over meager quarterly earnings because of the low price of oil, Russia’s gas monopoly, the government-controlled Gazprom, says it will be increasing its deliveries to Europe during the next three years and is looking to Asia for more opportunities to sell gas and attract investment.
January 28, 2015
OPEC Chief Claims Oil Will Rebound Higher Than in 2008
OPEC’s secretary-general says the 7-month-old plunge in oil prices finally may have bottomed out and may be ready to rise again.
January 20, 2015
Low Oil Prices May Be Hurting OPEC Nations More Than They Let On
12 OPEC states can no longer rely on oil exports to balance their budgets.
January 17, 2015
Obama to Take Executive Action on Emissions Regulations
The U.S. energy industry says there’s no need for the Obama administration to impose new regulations on its emissions of methane because energy companies are doing the job without any government involvement.
January 08, 2015
Does Saudi Arabia’s New Oil Price Strategy Make Sense?
Saudi Aramco, Saudi Arabia’s state oil company, is raising prices for its Asian customers but lowering them for Europe, a move that may muddy any understanding of the kingdom’s oil strategy.
December 31, 2014
OPEC’s Price War Spells Big Trouble for Saudi Arabia
The nearly 50% plunge in the price of oil during the past six months is expected to leave oil-rich Saudi Arabia with its first budget deficit since 2011 and the largest in its history.
December 16, 2014
OPEC Denies Price War as 2015 Projections Reflect Record Low Demand
OPEC Secretary-General Abdullah al-Badri is urging the cartel’s 12 members to maintain production and exploration despite a lower demand for oil.
December 09, 2014
Is the U.S. Overestimating How Much Shale Gas It Can Get?
U.S. government estimates of the amount of natural gas that can be extracted by fracking may be far too optimistic, according to a new study by the University of Texas (UT) at Austin.
December 05, 2014
Nuclear Incident Leaves Doubts Over Ukraine’s Energy Security
Ukraine’s coal crisis, coinciding with wintry weather, is made worse because the country’s own coal region is where government forces are fighting insurgents.
December 01, 2014
OPEC Fires First Shot in Global Oil Price War
How low will oil prices go?
November 28, 2014
OPEC Refuses to Cut Production, Sending Oil Price Down Again
OPEC has resisted the urging of its needier members and has decided not to cut production levels despite the 5-month-old plunge in oil prices.
November 15, 2014
Russia to Build as Many as 8 Nuclear Power Plants for Iran
Moscow and Tehran have signed two contracts under which Russia will build as many as eight nuclear power plants in Iran.
November 14, 2014
Scientists Improve Efficiency and Cost of Organic Solar Cells
Scientists in the United States and Hong Kong have not only discovered the key to improving the efficiency of organic solar cells, but they’ve done so in a way that makes them easy and inexpensive to produce on a commercial scale.
November 11, 2014
Latest Electric Car Innovation Could Recharge Batteries in Minutes
Scientists at the Queensland University of Technology say they've developed inexpensive supercapacitors that can be used in tandem with ordinary batteries.
October 31, 2014
OPEC Chief Warns Against Oil Price Panic
OPEC urges member states not to be alarmed by oil’s current low prices.
October 24, 2014
Boeing Begins New Biofuel Project Using Cooking Oil
Boeing and Chinese airplane manufacturer COMAC are working together on a biofuel project that would turn China’s rivers of used cooking fat into jet fuel.
October 02, 2014
Is Natural Gas a Detour on the Road to Cleaner Fuel?
Natural gas is often promoted as a cleaner alternative to gasoline -- a kind of “bridge fuel” between emission-heavy energy sources and zero-emission renewables like solar and wind. But a new study casts doubt on the benefits of natural gas.