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Devastating News For OPEC As Oil Revenues Hit A 10-Year Low

Devastating News For OPEC As Oil Revenues Hit A 10-Year Low

OPEC’s 2015 annual report, released…

Is Statoil Ready To Move Away From Fossil Fuels?

Is Statoil Ready To Move Away From Fossil Fuels?

Norway’s parliament recently passed legislation…

Energy

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Did Brexit Kill The Oil Price Rally?

Jun 27, 2016 at 15:43 | Nick Cunningham

Oil prices fell again on Monday after last week’s rout following the Brexit vote, deepening the losses and killing off a multi-month oil price rally. There…

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Iran’s Oil Production Is Slowing Fast

Jun 27, 2016 at 15:17 | Michael McDonald

A major part of the fall in oil prices last year was driven by concerns over the rising production levels of Iran. With nuclear sanctions in…

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Don’t Listen To The Analysts: The Rig Count Still Matters

Jun 27, 2016 at 15:06 | Arthur Berman

The rig count matters. Saying that it doesn’t is like a realtor saying that location doesn’t matter. Rigs Don’t Produce Oil The holiest mystery of shale…

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Does The U.S. Really Need A Strategic Petroleum Reserve?

Jun 27, 2016 at 14:52 | Rakesh Upadhyay

With oil prices below $50 per barrel and advances in U.S. shale oil drilling transforming the U.S. into one of the top oil producers in the…

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Saudi Arabia’s Oil Storage Falling As Exports Exceed Production

Jun 27, 2016 at 14:48 | Charles Kennedy

The U.S. has seen several weeks in which the levels of crude oil sitting in storage have declined, falling from 80-year record highs. Inventories have dropped…

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VW Agrees To Pay $10 Billion In Dieselgate Scanadal

Jun 27, 2016 at 14:44 | Irina Slav

Back when VW started installing pollution test-cheating software on its diesel-engine cars, probably no one thought it would all end with such a loud bang: $17.8…

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Low Oil Prices See China’s Oil Output Shrink 7.4%

Jun 27, 2016 at 13:23 | James Burgess

China produced 7.4 percent less domestic crude oil in May compared to a year ago, settling at 16.76 million tonnes. This was due to plans by…

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Oil Continues To Tumble Over Market Uncertainty

Jun 27, 2016 at 10:34 | Matt Smith

As the U.S. dollar flexes its muscles once again and broader markets adopt a decidedly risk-off stance, oil prices are charging lower amid unknowns surrounding last week’s Brexit decision. Hark,…

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Earthquakes Cause Giant Natural Gas Field To Cut Production By 44%

Jun 27, 2016 at 10:09 | Dave Forest

Europe just lost a big chunk of production from one of its most critical natural gas fields, and not for any of the usual reasons —…

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TransCanada Asks US For $15 Billion Over Cancelled Keystone XL Pipeline

Jun 27, 2016 at 10:01 | Lincoln Brown

Environmentalists may have cheered President Obama’s decision to reject the Keystone XL Pipeline, but the Canadian company involved in the project now wants its money back.…

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