A group of US senators is pressing President Bush to halt billions of dollars in sophisticated arms sales to Saudi Arabia and several other Gulf oil producers unless they agree to pump more oil.
The senators said if Saudi Arabia does not increase production, they would seek a resolution that would block the arms deals. But […]

Things are certainly hotting up for foreign oil companies in Yemen. A blast shook an area near the headquarters of Canadian oil company Nexen in the capital Sanaa yesterday.
The blast followed Sunday’s mortar attack by an Al Qaeda terrorist organization on a residential complex in Yemen that houses executives and the headquarters of Safer E&P […]

Leading figures from the Middle East oil industry have added their voices to those warning that the world is struggling to sustain rising oil production.
“There is a real problem — that supply may not be possible to increase beyond a certain level, say around 100 million barrels,” Libya’s National Oil Corporation chairman Shokri Ghanem said […]

OPEC-member Kuwait has reconfirmed that its oil reserves are 100 billion barrels, disputing a report that the figure was around half that amount.
“We confirm that Kuwait’s oil reserves are 100 billion barrels,” acting oil minister Mohammad al-Olaim told reporters after briefing parliament in a closed-door session about the levels of reserves in the Gulf emirate.

The Fourth of July was cool and rainy in Vermont, as it seems to be with surprising regularity. I suppose that’s why my town sets off its fireworks on the evening of July 3rd, which was perfect for pyrotechnics this year.