oil
-
TotalEnergies announced plans to increase its oil and gas production until 2030
Oct 4, 2024French energy giant TotalEnergies has announced plans to increase its oil and gas production until 2030, as it seeks to reassure investors about its fundamentals. CEO Patrick Pouyanne has a raft of ambitious projects aimed at... -
Oil spill dumped black sludge on beaches along Venezuela’s northwestern coast
Aug 21, 2024An oil spill has dumped black sludge on beaches along Venezuela’s northwestern coast and affected fishing in the area, residents and environmental activists said Monday. In Puerto Cabello, near the El Palito refinery — the scene... -
New Zealand to end ban on oil and gas exploration
Jun 10, 2024The government of New Zealand said on Sunday that it intends to lift a five-year-old prohibition on new oil and gas development, which infuriated oppositional politicians and environmental organizations. The moratorium that has only permitted exploration... -
Oil jumps more than 3% on Middle East worries
Apr 20, 2024Fears of an escalation of the Middle East conflict prompted unconfirmed claims of explosions in Iran, Syria, and Iraq, which sent oil prices plunging more than three percent in early Asian trade on Friday. Brent increased... -
Several countries extend oil cuts to boost prices
Mar 4, 2024As part of a deal among oil producers to raise prices in the wake of economic uncertainty, Moscow, Riyadh, and several other OPEC+ members agreed on Sunday extensions to the oil production restrictions that were first... -
Hamas says US strikes on Iraq, Syria ‘pour oil on fire’
Feb 5, 2024Hamas, a militant Palestinian organization, denounced the US strikes carried out over night in Syria and Iraq on Saturday, claiming that Washington had “thrown gasoline on the fire” in the Middle East. The group released a... -
Saudi Arabia says ‘absolutely not’ to oil phase down at COP28
Dec 5, 2023Saudi Arabia’s energy minister has slammed the door shut to agreeing to phase down fossil fuels at the UN’s COP28 climate talks, setting the stage for difficult negotiations in Dubai. A tentative “phasedown/out” was included in... -
Brazil invited to join OPEC+ from next year
Dec 1, 2023Following a meeting of the cartel to further reduce output, authorities on Thursday revealed that Brazil, a major oil producer, has been asked to join OPEC+ starting next year. Since 2016, Brazil has been the biggest... -
Oil reaches Mexico beaches after alleged leak: authorities
Aug 3, 2023Volunteers have started a beach clean-up in a part of Mexico where environmental officials believe oil is washing up on the shores as a result of an alleged leak implicating state energy major Pemex. The oil... -
Nations call for swift fossil fuel exit to tackle climate change
Jul 15, 2023As part of attempts to reduce emissions that contribute to global warming and hold it in check, a coalition of nations including EU economies and climate-vulnerable nations said Friday that a “urgent” transition away from fossil...
