Nov 27 6 U.S. Citgo executives convicted and sentenced to prison in Venezuela By Associated Press Attorneys and relatives of the so-called Citgo 6 said the men were wrongly convicted, and the defense lawyers vowed to appeal Thursday's verdicts. Continue reading
May 02 Solar, wind energy struggle as coronavirus takes toll By Cathy Bussewitz, John Flesher, Patrick Whittle, Associated Press The U.S. renewable energy industry is reeling from the new coronavirus pandemic, which has delayed construction, put thousands of skilled laborers out of work and sowed doubts about solar and wind projects on the drawing board. Continue reading
Apr 21 Watch 4:08 The cascading economic effects of plummeting oil prices The collapse of the global oil market reflects a broader drop in demand across all areas of the economy, as business activity during the pandemic remains near a standstill. What caused this historic decline in oil prices, and what does… Continue watching
Apr 20 Watch 4:40 Troubled global oil market tanks amid pandemic's drop in demand Economic damage from the novel coronavirus pandemic has knocked the bottom out of the oil market. The cost of benchmark U.S. crude oil, for delivery in May, actually fell below zero -- dragging down the entire stock market. And in… Continue watching
Apr 02 Trump says he expects Russia and Saudi Arabia to cut oil production By Associated Press President Trump says he expects Saudi Arabia and Russia will end an oil war and dramatically cut production. Continue reading
Mar 10 Why Russia just torpedoed global oil prices By Ryan Chilcote For many of the oil-rich countries, 2020 was already off to a miserable start, but they took a beating on Monday-- a barrel of oil now costs half what it did at the beginning of the year. What happened?… Continue reading
Feb 14 South Sudan ignores reports on oil pollution and birth defects By Sam Mednick, Associated Press The oil industry in South Sudan has left a landscape pocked with hundreds of open waste pits, the water and soil contaminated with toxic chemicals and heavy metals, according to four environmental reports obtained by The Associated Press. Continue reading
Feb 13 Virus outbreak blamed for forecast fall in oil demand By Associated Press The International Energy Agency expects demand for oil to fall by 435,000 barrels per day in the first quarter as a result of the virus outbreak from China. Any fall would be the first quarterly decline in a decade. The… Continue reading
Jan 14 Why the U.S.-Iran conflict should be driving gas prices higher, but isn't By Scott L. Montgomery, The Conversation Oil traders therefore have much reason to be nervous. But they aren’t. Continue reading
Sep 18 Watch 10:31 What attacks on Saudi oil sites mean for the U.S. and Iran In Riyadh on Wednesday, Saudi Arabia showcased evidence it says proves Iran’s involvement in weekend airstrikes on two major Saudi oil facilities. Iran denies the claim, and given the strained relations between the two countries, how should the U.S. respond?… Continue watching