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OPEC Head Calls for $65 Oil

May 24, 2016 at 17:05 | Zainab Calcuttawala

A minimum price of $65 a barrel for oil is “badly needed at the moment” according to Qatari energy minister Mohammed bin Saleh al-Sada. On Tuesday, the Qatari…

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Why Cheap Shale Gas Will End Soon

May 24, 2016 at 16:45 | Arthur Berman

Enthusiasts believe that shale gas is simultaneously cheap, abundant and profitable thus defying all rules of business and economics. That is magical thinking. The recently released EIA…

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India May Lose Prize Iranian Gas Field To Saudi Arabia

May 24, 2016 at 16:42 | Charles Kennedy

India’s state-owned oil and gas giant ONGC risks losing a massive Persian Gulf gas field in a contracting hurdle, as it races against Saudi Arabia to extract gas…

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Mozambique’s LNG Dreams Falling Apart

May 24, 2016 at 16:20 | Nick Cunningham

Mozambique is heading towards a major default on outstanding loans related to offshore natural gas infrastructure, symbolizing the deflating hopes for a major source of new natural gas…

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Soaring Electricity Demand Poses Climate Change Threat

May 24, 2016 at 15:58 | Michael McDonald

One of the biggest drivers of climate change is the on-going development of third world nations. Around the globe, countries that have spent centuries with economies largely built…

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Oil Rally Pauses After Canada, Iran Up Production

May 24, 2016 at 15:56 | Evan Kelly

We begin by looking at some of the critical figures and data in the energy markets this week, which show that oil markets have remained steady, with global…

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Venezuelan State-Run Oil Co. To Pay Suppliers With Debt Swap

May 24, 2016 at 12:06 | Charles Kennedy

Struggling to stay afloat as the Venezuelan economy crumbles and unrest becomes riotous, the country’s state-run oil company, PDVSA, is reportedly offering service providers a debt-swap deal in exchange for…

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Oil Prices Spike Ahead Of Inventory Reports

May 24, 2016 at 11:21 | Matt Smith

One hundred and thirty-three years after the Brooklyn Bridge was opened to traffic, and crude is trying to navigate troubled water once again. Choppiness today comes courtesy of…

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Is OPEC A U.S. National Security Threat?

May 23, 2016 at 16:42 | Rakesh Upadhyay

Republican Kevin Cramer from North Dakota is cosponsoring a bipartisan bill that will set up a commission to probe whether OPEC has used unfair means to bolster its…

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Key Pipeline Could Unleash Alberta’s Oil Sands

May 23, 2016 at 16:37 | Nick Cunningham

Canadian energy regulators handed a win to Alberta’s oil sands producers last week, recommending approval for a major oil pipeline expansion to the Pacific Coast. Canada’s National Energy…

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