The UAE energy minister refused Wednesday to discuss a proposed cap to crude oil production agreed to by four oil-producing countries the day before, raising new questions about the proposal aimed at stabilizing global prices. [ABC] In a meeting with external experts, NATO ministers discussed global energy developments and their security implications. [NATO Press Release]… Keep reading →
The US navy on Wednesday launched its first carrier strike group powered partly by biofuel a mix made from beef fat, calling it a milestone toward easing the military’s reliance on foreign oil. [The Guardian] California’s attorney general is investigating Exxon Mobil on whether the company lied to the public and shareholders about the risks… Keep reading →
Natural gas, once touted as the leading fossil fuel energy source, appears to be suffering the most from the latest Clean Power Plan agenda. [The Hill] Devon Energy Corp. has recorded a second-quarter loss of $2.8 billion due to tumbling oil prices. [NewsOK] Millions of motorists who’ve bought diesel cars believing they were less harmful… Keep reading →
