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Global fears of running out of oil unwarranted, U.S. researchers say
U.S. researchers say fears of running out of oil are unwarranted, as the demand for oil - but not the supply - will reach a peak and then decline. ... more
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Libyan oil output falls amid security crisis
Libya's oil production has reportedly slipped by about 30 percent from the pre-civil war peak of 1.6 million barrels per day because of a nationwide security collapse and an electricity shortage largely caused by lawlessness. ... more
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Gabon makes rare challenge to China over oil practices
Gabon has taken the exceptional step of withdrawing the right of Addax Petroleum, a subsidiary of Chinese oil giant Sinopec, to exploit an oilfield, raising concerns over possible repercussions on the business climate. ... more
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Quebec train disaster highlights pipeline shortage
Death and destruction unleashed on a Quebec town when a runaway oil tanker train derailed and exploded put a spotlight Monday on the challenges of transporting oil by rail, versus pipelines. ... more
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