Three reports say coal is not nearly so abundant, or cheap, as we think it is.
Rising gasoline prices brings usually bring bouts of worry about “peak oil,” the idea that petroleum supplies will peak and then inexorably decline, leading to price shocks.
Recent studies have stirred up similar concerns about peak coal. Stop right there. Peak [...]
LONDON: Crude oil prices rose more than 2% to a seven-month high on Monday, extending its biggest monthly gain in a decade due to rallying stock
markets and sustained expectations for a global economic recovery.
US stocks rose, following gains in Europe and Asia driven by data showing China’s manufacturing continued to expand moderately in May. [...]
LONDON (Reuters) – Oil rose more than 2 percent to a seven-month high on Monday, extending its biggest monthly gain in a decade due to rallying stock markets and sustained expectations for a global economic recovery.
European stocks were firmer following gains in Asia after data showed China’s manufacturing continued to expand moderately in May. The [...]
By Edward McAllister Edward Mcallister – Fri May 29, 3:44 pm ET
NEW YORK (Reuters) – Oil rose to a six-month high above $66 per barrel on Friday, marking its largest monthly percentage gain in more than a decade, after U.S., Japanese and Indian data suggested the economic downturn may be easing.
Oil prices jumped [...]
ROME (Dow Jones)–Energy ministers from the world’s eight richest nations Monday said they would increasingly emphasize nuclear energy and the creation of a common low-carbon technology platform as solutions to climate change and supply insecurity.
The statement comes as a number of countries, including the oil-rich United Arab Emirates, are turning their attention to once-unpopular [...]
LONDON (AFP) – World oil prices fell under 60 dollars per barrel on Tuesday, pressured by the strengthening US currency and weaker European equities, as traders awaited this week’s crucial OPEC output meeting.
New York’s main futures contract, light sweet crude for delivery in July, retreated 1.88 dollars to 59.79 dollars a barrel.
London’s Brent North Sea [...]
By Rania El Gamal and Silvia Aloisi
ROME, May 24 (Reuters) - Energy leaders on Sunday debated what oil price would spur investment in the sector without hurting a wider global economic recovery, as top producer Saudi Arabia forecast prices eventually moving towards $75 a barrel.
The Group of Eight energy ministers are meeting in Rome [...]
PERTH (Reuters) – Oil prices fell toward $61 a barrel on Monday, shedding some of the previous session’s gains, on growing risk aversion after North Korea said it had successfully conducted a nuclear test.
Still, prices hovered around a six-month high, as a weak U.S. dollar and expectations the Organization of the Petroleum Exporting Countries (OPEC) [...]
DUBAI (AFP) — The economies of Middle East oil exporters are likely to suffer from a possible prolonged global recession as demand for the region’s main export wanes, the International Monetary Fund said on Sunday.
Government expenditure, however, should mitigate the slowdown, the IMF said in a report released in Dubai.
Arab states in the Gulf and [...]
DUBAI: A new industry is swiftly taking shape around what is expected to be the Arab world’s first independent civil nuclear power programme, according to an engineering, safety and risk management consultancy.
“Several GCC countries have shown interest in nuclear energy but it is in the UAE where moves to establish a legal and regulatory [...]
