For Norway, Oil at $50 Is Worse Than the Global Financial Crisis

When the financial crisis brought the global economy to its knees, Norway was largely unscathed. But oil under $50? That's another story.

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.

Why the US won't have OPEC to kick around in 2016

As candidates for the 2016 U.S. general election gear up for a White House run, one villain of recent campaign cycles will be conspicuously absent: the cartel known as OPEC.

Fossil fuel-free funds outperformed conventional ones, analysis shows

Investors who have dumped holdings in fossil fuel companies have outperformed those that remain invested in coal, oil and gas over the past five years according to analysis by the world’s leading stock market index company, MSCI, which runs global indices used by more than 6,000 pension and hedge funds, found that investors who divested from fossil fuel companies would have earned an average return of 13% a year since 2010, compared to the 11.8%-a-year return earned by conventional investors.

OPEC Loses Price Power as Saudis Take Control

OPEC isn’t moving oil markets like it used to. As Saudi Arabia, the world’s largest oil exporter, has acted with more independence and crude prices stabilized, the group’s gatherings in Vienna to discuss output have lost potency.

More Chinese than Europeans identify themselves as environmentalists

China's massive pollution problems have given rise to a new force of environmental campaigners, with double the number of Chinese identifying themselves as environmentalists compared to Europe and the US, new research finds.

Morgan Stanley sells oil trading business to Russia's Rosneft

LONDON/MOSCOW (Reuters) - Morgan Stanley has sold the majority of its global physical oil trading operations to Russian state-run oil major Rosneft , becoming the latest Wall Street firm to dispose of a major part of its commodity business.

European Lawmakers Support Carbon Trading System

The European Parliament on Tuesday approved a rescue plan for the European Union’s system for trading carbon-emission credits.

UK universities urged to pull cash from fossil fuel giants

An international campaign to urge large institutions to dump fossil fuel investments reaches the UK this week, following rapid success in the US.

German energy crisis favours the fleet

BERLIN (Reuters) - Germany's half-a-trillion-euro energy overhaul is forcing sector players to turn around their business models fast, giving smaller groups a head start on the country's ponderous utilities.

BP to seek Cameron's help as oil spill costs escalate

BP wants Prime Minister David Cameron to intervene over the escalating cost of compensating US companies for the Gulf of Mexico oil disaster in 2010.

Energy watchdog Ofgem chief warns of bill rises

Consumers are being warned they face higher energy bills as the UK becomes more reliant on energy imports.