Italy hosts Macron-snubbing Libya peace conference as Eni and Total race for petroleum assets

A two-day Libya conference is starting in Palermo, Italy – an event widely perceived as a counter to a similar gathering organized by France in May – as two European countries compete for the fractured nation’s oil and gas assets. The meeting in Sicily is meant to bring together key stakeholders involved in the ongoing […]

President’s Budget Proposes Selling Half of National Petroleum Reserve

– Following up on sales set in motion by the Department of Energy at the end of the Obama administration, President Trump has proposed in his budget to begin selling oil from the  U.S. Strategic Petroleum Reserve next year. After a decade of domestic production increases brought about by the shale-drilling boom, the country’s reliance on […]