Politics

The US plans fossil fuel side event at UN climate talks

The US plans fossil fuel side event at UN climate talks

The Trump administration has announced plans to hold a side event at next month’s UN climate talks to promote the use of fossil fuels, according to sources. During last year’s discussions in Bonn, Germany, the US administration a held similar event used to highlight the benefit of technologies that allow […]

Venezuela to share economic data with the IMF

Venezuela to share economic data with the IMF

Crisis stricken Venezuela is set to share its economic data with the International Monetary Fund (IMF) for the first time in two years, since its economic problems became severe, in order to avoid penalties that could include the exclusion of the IMF. According to two people with direct knowledge over […]

US to become energy exporter by 2020

US to become energy exporter by 2020

The US is projected to become a net energy exporter by 2020, according to the US energy secretary. Speaking at an energy summit in Virginia, Rick Perry told business leaders and policymakers that the administration will use all available natural resources to expand the industry. “We are already energy dominant […]

Governor Rick Perry answers questions during an interview at the Governor's Mansion on Wednesday, December 17, 2014. DEBORAH CANNON / AMERICAN-STATESMAN

Rick Perry to visit Poland and Ukraine to promote US energy

Rick Perry to visit Poland and Ukraine to promote US energy US Energy Secretary Rick Perry will visit Ukraine, Poland and a number of other eastern European countries to promote US energy in a bid to offer the region alternatives to its current reliance on Russia. A Department of Energy […]

EU scrambles to create trade vehicle for Iranian oil

EU scrambles to create trade vehicle for Iranian oil

Last month the European Union set out its plans to form a special-purpose body to deal with transactions that include Iranian oil and European goods in a bid to avoid US sanctions on Iran, however the bloc is struggling to create the vehicle as EU members are reluctant to host […]

Treasury under pressure from oil leaders and Scottish politicians

Treasury under pressure from oil leaders and Scottish politicians

Leaders from the oil industry and Scottish politicians have been increasing pressure on the Treasury to prevent new taxes that would impact investment in the sector. The Press and Journal has reported growing confidence amongst senior Tory sources in Scotland that there would be positive results for the oil and […]

Saudi Arabia and Russia extend oil pact

Saudi Arabia and Russia extend oil pact

Saudi Arabia and Russia have agreed to extend their partnership to maintain oil stability, according to Saudi Energy Minister Khalid al-Falih. “Saudi Arabia and Russia will interfere together, along with the heads of the other producing states, to prevent the market form falling out of balance,” the minister said during […]

US concerned Iran will bypass sanctions by going through Russia

US concerned Iran will bypass sanctions by going through Russia

The US has been said to be concerned that Russia could help Iran avoid US sanctions on its oil by buying it from Tehran and selling it on as a Russian commodity. America is set to introduce stringent sanctions on Iran early next month that are aimed at bringing Iranian […]