Nick Stern: Shell is asking us to bet against the world on climate change

Shell is asking investors to bet against the world taking action on climate change or in renewables displacing fossil fuels, says influential economist Nick Stern.

Alberta Fires Keep 10% of Oil Sands Offline for Third Day

Wildfires in northern Alberta kept about 10 percent of Canada’s oil sands production offline for a third day as Bank of America Corp. warned the blazes may slow the economy.

Top 4 Oil Companies For Dividend Investors

Investing in the energy industry right now can be scary. On the one hand, oil prices have been extremely volatile and look likely to stay that way.

UK fracking firm applies for licence in North Yorkshire

A small energy company has become the second firm to apply for a licence to frack for gas in Britain, submitting an application for a site in the Vale of Pickering in Yorkshire.

Saudi Oil Supply Outpaces Rivals in Grab for Record China Demand

Saudi Arabia expanded its share of China’s oil market last month, outpacing rival producers as they compete to meet record demand from the world’s biggest energy consumer.

Canada Stocks Rise as Energy Producers, Railroads Lead Gains

Canadian stocks rose the most in three weeks as energy producers jumped with the price of crude and railroad operators led industrials higher.

Norway’s PM Relieved as Nation Avoids Crisis of Sub-$45 Crude

Norwegian Prime Minister Erna Solberg is breathing easier now that western Europe’s biggest crude producer looks poised to avoid the peril of oil prices sinking below $45 per barrel.

Oil prices tank as oversupply worries dominate

New York (AFP) - Oil prices slumped Tuesday as resurgent worries about the global supply glut combined with a sharp dollar rally.US benchmark West Texas Intermediate for delivery in June shed $2.25 to finish at $57.99 a barrel on the New York Mercantile Exchange.

Big Oil Is About to Lose Control of the Auto Industry

While the U.S. pats itself on the back for the riches flowing from fracking wells, an upheaval in clean energy is quietly loosening the oil industry's grip on the automotive industry.

China and India call on rich countries to step up climate change efforts

China and India, the world’s first and third biggest greenhouse gas emitters, projected a united front on climate change on Friday with a rare joint statement that asked rich countries to step up efforts to reduce global carbon emissions.

Petrobras Shakes Off Bad News With $7.2 Billion Earnings

Petroleo Brasileiro SA, the state-run oil producer battered by months of bad publicity from a corruption probe and asset writeoffs, reported some surprising good news.

Canada to Regulate Oil and Gas Emissions to Meet New 30% Target

Canada has pledged to cut greenhouse-gas emissions by about a third by 2030, partly by introducing new regulations on its oil and gas sector.

Oil drops below $60 as market grapples with supply-glut worries

U.S. benchmark oil prices fell below $60 a barrel on Thursday, pressured by market worries over a glut of global crude supplies and indications that oil producers will continue to boost output.

Tory pledge to end wind subsidies risks green economy, say industry leaders

The Conservatives must not undermine the so-called green economy and cause job losses through their manifesto pledge to end subsidies for onshore windfarms, figures in the renewable energy industry have said.

Drillers Answer Low Oil Prices With Cost-Saving Innovations

KENEDY, Tex. — These are lean days in the South Texas oil patch, with once-bustling roads and hotels now empty as the price of oil has plunged and rig after rig sits idle.

OPEC says you can forget about $100 oil for at least the next 10 years

Don't expect oil to go above $100 per barrel within the next decade. The 12-member oil cartel OPEC has this grim forecast in a draft report presented to its staff last week that the Wall Street Journal read.

Crude Oil Climbs as U.S. Payroll Data Boosts Economic Outlook

Oil increased in New York after a rebound in U.S. payrolls boosted optimism the economy is accelerating. Futures rose 0.8 percent after Labor Department data showed employment picked up in April, a sign companies are gaining confidence.

Coal investments are increasingly risky, say Bank of America

Coal mining companies pose an increasingly risky investment, according to the Bank of America, which has said it will continue to reduce its financing of the sector.

BP wins right to appeal some Gulf spill damages claims

A U.S. federal appeals court said on Friday BP Plc deserves the right to appellate review of some damage claims awarded to people and businesses in connection with the 2010 Gulf of Mexico oil spill.

Nuclear deal can make Iran region's 'No.1' energy power

Tehran (AFP) - A nuclear agreement will allow Iran to become the number one energy player in the Middle East and herald major opportunities for foreign companies, top government officials in Tehran said Wednesday.