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Price gained more than 2% on Monday morning to touch one-month high of $78.73The price of Brent crude has risen after Saudi Arabia agreed to cut its output to firm up oil prices after a weekend of tense talks.Saudi ministers agreed to cut 1m barrels pe…
VIENNA (Reuters) — Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices.
Saudi’s energy ministry said the country’s output would drop to 9 mill…
Gary Smith of the GMB, a key Labour donor, says plan shows ‘lack of intellectual rigour’The head of a union that is one of Labour’s biggest donors has accused the party of “being naive” over its plans to ban North Sea oil and gas production.Labour has …
Pollution from gas flaring – the burning of natural gas associated with oil extraction – is also a major concern in the oil-rich but extremely dry southWestern oil companies are exacerbating water shortages and causing pollution in Iraq as they race to…
The central Asian country has the worst rate of climate-heating ‘super-emitter’ events in the worldThe US is in negotiations with Turkmenistan over an agreement to plug the central Asian nation’s colossal methane leaks.Turkmenistan was responsible for …
Climate protesters call provision in US debt ceiling bill to expedite controversial project in Virginia and West Virginia a ‘betrayal’Climate activists have stepped up protests over the inclusion of a provision to speed up a controversial gas pipeline’…
Revelation about war-torn country is ‘terrible indictment’ of UK government, says Ed Miliband Ukraine has completed more onshore wind turbines than England since it was occupied by Russian soldiers – despite the UK’s government’s promise to relax restr…
Environmental groups say the event in Perth to court the biggest polluting oil company of all time is ‘akin to a joint trade show with a tobacco major’Follow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, …
Asset managers told they have key role to play on climate crisis in open letter before Shell’s annual meetingA coalition of university investment funds has called on institutional investors to rebel against the boards of fossil fuel companies and thei…
Ruling requiring ‘unlimited guarantee’ from oil firms to cover costs of spills could change offshore drilling throughout regionA ruling from Guyana’s high court could change the face of offshore oil drilling throughout the Caribbean, according to finan…