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Libya oil guards back NOC state oil company

  BENGHAZI / Reuters Libya’s oil guard brigades, which control Ras Lanuf and Es Sider, two major export terminals closed since 2014, are working with the unity government’s state oil company, NOC, and preparing to reopen fields to pump crude again, a spokesman said. The spokesman for Ibrahim Jathran’s PFG forces did not give any details whether that would include ...

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Cheap carbon makes it tough to keep the world from warming

  Bloomberg Carbon markets, the free-enterprise solution to saving the world from global warming, are now in danger themselves. The idea was simple enough: Set a cap on carbon emissions, issue enough permits to allow power plants, refineries and the like to stay within those limits and then shrink the cap over time to achieve reductions. The companies whose emissions ...

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Kazakh ruler retools nation for era of low-cost crude

  Bloomberg As Kazakhstan’s leader celebrated his 76th birthday this week, the social bargain that’s underpinned his more than quarter-century in charge is crumbling. President Nursultan Nazarbayev’s plans to retool his nation for an era of low-cost crude are meeting resistance from protesters opposed to land reforms and, more recently, from religious radicals. The struggle to implement his overhaul is ...

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