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US to overtake Russia as top oil producer by 2019

TOKYO: The United States will overtake Russia as the world’s biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said on Tuesday, as the country’s shale oil boom continues to upend global markets. IEA…

France to ban oil, gas production by 2040

PARIS: France's parliament on Tuesday passed into law a ban on producing oil and gas by 2040, a largely symbolic gesture as the country is 99 percent dependent on hydrocarbon imports. In the vote by show of hands, only the right-wing…

OPEC, non-oil cartel members discuss production cuts

VIENNA: OPEC officials held talks with Russia and other non-cartel members on Saturday in Vienna to debate how to implement a plan aimed at cutting oil output to reduce a global supply glut and bolster prices. "The recovery process has…