petroisle

WASHINGTON—The oil industry’s top lobbying group will push Congress for legislation to price carbon emissions across the economy, in a sharp policy turnabout a decade after the industry helped kill a similar effort to address climate change. The board of directors of the American Petroleum Institute, one of Washington’s most powerful trade associations, which for

(Bloomberg) –If the first initial public offering of a U.S. shale driller in four years is any indication, Wall Street is still souring on the U.S. oil and gas patch. Even a natural gas explorer backed by private-equity giant Blackstone Group Inc. couldn’t raise the capital it had expected. Vine Energy Inc. sold 21.5 million

Just after global oil demand crashed by 20 percent in April, analysts predicted that consumption would recover in the second half of 2020 and, supported by the OPEC+ production cuts and U.S. curtailments, would help the oil market to rebalance.    By July, oil demand had recouped most of the losses incurred during the second quarter, but

UPDATE: This story has been updated to include comments from the U.S. State Department, which were provided shortly after initial publication. The U.S. government has shortened the duration of a new sanctions waiver allowing Iraq to continue energy imports from Iran — a sign of enduring tensions between Baghdad and Washington. The new 60-day waiver