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Energy / Crude Oil

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Why Canada’s Oil Sand Producers Will Recover Quickly From The Wildfires

May 26, 2016 at 15:41 | David Yager

Canada’s oil sands producers in the Fort McMurray region are watching the weather to determine if and when they can move the necessary people back to their operations…

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Why The Bust For Offshore Drillers Might Last Another 2 Years

May 26, 2016 at 15:30 | Irina Slav

Statoil cancelled a contract for a drillship with Seadrill, which it had intended to use for drilling operations in the Atlantic, near Newfoundland. The cancellation is the…

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Niger Delta Militants Take Entire Chevron Terminal Offline

May 26, 2016 at 10:06 | James Burgess

According to Nigerian media, militants used explosives to blow up the Escravos terminals main electricity feed pipeline, rendering the terminal inoperable. Reuters has also reported that it has…

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Would Regulated Oil Prices, Argentine-Style, Help U.S. Shale?

May 25, 2016 at 17:27 | Rakesh Upadhyay

U.S. shale oil companies are filing for bankruptcy at an alarming rate, whereas, their counterparts in Argentina are having a gala time. When the U.S. shale oil drillers…

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Why Did Saudi Arabia Kill OPEC?

May 25, 2016 at 16:26 | Nick Cunningham

The OPEC meeting is only a week away, but the chances of a positive result are as remote as ever. Rising oil prices, the heightened rivalry between Saudi…

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2015 Worst Year For Oil Discoveries Since 1952

May 25, 2016 at 16:17 | Irina Slav

A report by Rystad Energy has revealed that new oil discoveries in 2015 totaled 12.1 billion barrels, which is the least amount of new oil discovered in…

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Bakken Oil Patch At Risk Over Pipeline Lawsuits

May 25, 2016 at 16:09 | Michael McDonald

One of the key factors in the survival of the Bakken oil patch in the future will be affordable transportation options. Bakken producers receive lower realized prices for…

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Does The U.S. Have A Plan For The Post-Oil Era?

May 25, 2016 at 13:04 | Kurt Cobb

The world's largest exporter of crude oil, the Kingdom of Saudi Arabia, recently announced a plan for its post-oil future. If a country almost synonymous with the oil…

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BP Faces Setback In World’s Largest Unexplored Oil Basin

May 23, 2016 at 16:29 | Michael McDonald

As if the current oil markets weren’t tough enough for producers, companies are increasingly finding that regulators are making it harder to drill new sources of oil. For…

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Saudi Market Share Takes A Hit As Russia Doubles Oil Exports To China

May 23, 2016 at 16:10 | Zainab Calcuttawala

Russian oil exports to China more than doubled in April 2016 compared to numbers from the same month last year, according to a report by Russia’s state-run news agency

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