(Bloomberg) --Germany and Austria came out strongly against the European Union proposal to classify some natural-gas and nuclear projects as sustainable investments, with both countries accusing the bloc of “greenwashing.” In Berlin, the Greens -- who joined Germany’s new ruling coalition following September’s election -- criticized the...

(Bloomberg) --Oil exports from Venezuela doubled in December from a year earlier as the country raises production of revenue-generating hydrocarbons in defiance of U.S. sanctions. Shipments averaged 619,000 barrels a day in December. The OPEC-founding member increased exports for a third straight month with the support of ally Iran, which booste...

(Bloomberg) --The European Union is planning to allow some natural-gas and nuclear energy projects to be classified as sustainable investments in a proposal that sparked immediate criticism from the Greens. The European Commission wants to give a temporary green label to gas projects that replace coal and emit no more than 270 grams of carbon di...

(Bloomberg) --OPEC and its allies are expected to revive more oil supplies when they meet next week, underscoring the group’s optimism in the outlook for global demand. The 23-nation alliance led by Saudi Arabia and Russia is likely to proceed with another modest monthly hike of 400,000 barrels a day as it restores production halted during the...

(Bloomberg) --Russia failed to boost oil output last month despite a generous ramp-up quota in its OPEC+ agreement, indicating the country has deployed all of its current available production capacity.  With OPEC+ meeting in two days to consider output policy in the face of the fast-spreading omicron variant, Russia’s lack of growth highl...

(Bloomberg) --Oil posted its biggest annual advance since 2009 as vaccination rollouts accelerated the reopening of economies, spurring global consumption while crude production returned at a more moderate pace. West Texas Intermediate rose 55% for the biggest year-to-date gain in over a decade. Brent, the global benchmark, rose 50%, the largest...

(Bloomberg) --Oil-pipeline giant Energy Transfer LP must pay $410 million for scuttling a $33 billion merger with rival Williams Cos. over a tax flaw in the deal, a judge concluded. Since Dallas-based Energy Transfer -- owned by billionaire Kelcy Warren -- successfully pulled the plug on the 2016 combination, it’s required under the merger agr...

FORT WORTH, TX - FireBird Energy has completed an acquisition of operated assets located in the Midland Basin from Chevron U.S.A. Inc. and Chevron Midcontinent, L.P.  Leaseholdings included in the transaction total approximately 21,000 acres. Travis F. Thompson, CEO of FireBird, said "This transaction will be our second major a...

(Bloomberg) --Kuwait’s candidate to take over as OPEC’s top diplomat has widespread support from the group’s members, delegates said. Haitham al-Ghais, an executive at Kuwait Petroleum Corp., has backing from a number of nations to succeed Mohammad Barkindo as secretary-general, said the delegates, who asked not to be identified discussing...

(Bloomberg) --Talks on reviving the Iran nuclear deal that have resumed in Vienna show some progress but it’s “far too slow,” a U.S. official said Tuesday. “Iran has at best been dragging its feet in the talks while accelerating its nuclear escalation,” State Department spokesman Ned Price said in a press briefing. “We have been very...