Brent oil fell nearly 4 percent on Thursday after a preliminary pact between Iran and global powers on Tehran’s nuclear program, even as officials set further talks in June and analysts questioned when the OPEC member will be allowed to export more crude.
Hydraulic fracturing has unleashed vast new quantities of crude oil and natural gas. The percentage of fuel flowing from shale-rock compared with traditional oil and gas fields has been steadily rising. But lackluster energy demand and low prices are expected to curb growth later this year. Here’s a graphic that helps explain fracking.
A comprehensive agreement between Iran and the West was always going to be extraordinarily difficult and would involve painful concessions on both sides. But there is some indication that a deal is there to be grabbed if the major world powers want it.
Gov. Jerry Brown, standing on a patch of brown grass in the Sierra Nevada that is usually covered with several feet of snow, on Wednesday announced the first mandatory water restrictions in California history..
At least four people were killed and 16 workers injured when a fire erupted early Wednesday on an oil platform in the Gulf of Mexico belonging to Mexico’s state petroleum giant Pemex, the company said in a statement.
President Barack Obama’s pledge to the United Nations Tuesday to sharply cut greenhouse-gas emissions relies on being able to rebuff legal and legislative challenges — and the continuing availability of cheap natural gas.
It looks like presidential hopeful Rand Paul has found a clever way to champion ethanol, with an issue that’s in harmony with his keep-government-out-of-the-marketplace mentality.
As Iran and the U.S. enter 11th-hour negotiations to reach a nuclear deal and ease sanctions, the Middle Eastern country is re-emerging as a potential prize for Western oil companies such as BP, Royal Dutch Shell Plc, Eni SpA and Total SA. The Chinese can also be expected to enter the race, while U.S. companies, more burdened by sanctions and legacy, will be further down the pack.
Several NASA scientists hosted a virtual interview Thursday on Reddit, and some of their comments on the possibility of a megadrought might leave you slightly concerned.
If there’s one image that lingers after viewing the documentary “The Burden,” it’s the ubiquitous shots of troops — from every service in every theater — trudging around with massive fuel hoses over their shoulders.
