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Energy / Crude Oil

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U.S. Oil And Gas Is Changing To Survive

Oct 21, 2016 at 10:22 | Oil & Gas 360

''Come writers and criticsWho prophesize with your penAnd keep your eyes wideThe chance won’t come again.'' Nobel Prize winner Bob Dylan must have been an…

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The Power To Make Or Break Nations—The World’s $1.7 Trillion Oil Business

Oct 20, 2016 at 15:55 | Zainab Calcuttawala

The oil bust, today’s volatile market and relentless OPEC chatter, it’s easy to lose sight of the fact that the oil market—even at current valuations—is somewhere near the $1.7 trillion…

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‘’Russia Could Add Another 4 Million Bpd To Daily Output’’

Oct 20, 2016 at 10:00 | Irina Slav

Russia could boost its already record-high crude oil production by another 4 million barrels daily, said Rosneft’s head Igor Sechin. Sechin, speaking at the 5th Eurasian forum in Verona,…

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Oil Executives Have Little Appetite For Deepwater Drilling

Oct 19, 2016 at 16:03 | Nick Cunningham

With oil prices potentially set to stay low for years to come, the future of deepwater drilling is very much up in the air. The world’s top oil executives have…

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Saudi Oil Minister: Non-OPEC Producers Are Ready To Join Output Cut

Oct 19, 2016 at 10:59 | Irina Slav

“Many countries” outside OPEC are willing to join the negotiations on a crude oil production reduction initiated by the cartel last month. That’s what Saudi Arabia’s oil minister Khalid al-Falih…

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Oil Won’t Crash Before The OPEC Meeting

Oct 18, 2016 at 11:25 | ZeroHedge

As we reported last week, just as OPEC announced a new monthly production record, with total output rising by 220kbpd to a record 33.4mmbpd...

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Saudi Arabia Reports Lower Output, Exports In August

Oct 18, 2016 at 09:22 | Irina Slav

Saudi Arabia pumped a daily average of 10.63 million barrels of crude in August, a 400,000 bpd decline on peak production in July, prompted by seasonally high demand. Exports…

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Can Iran Sign $10 Billion In Oil Deals Before March?

Oct 17, 2016 at 14:56 | Zainab Calcuttawala

It has been ten months since the international community lifted sanctions against Iran’s oil and gas sector, paving the way for the country to rebuild its lost production capacity and…

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The Biggest Opportunity Right Now In Oil And Gas

Oct 17, 2016 at 12:30 | Dave Forest

Offshore exploration has been a rare bright spot for the global oil and gas industry lately. Some of the movement in the offshore sector is coming as governments get more…

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Oil Hits Ceiling At $50 Per Barrel

Oct 14, 2016 at 14:23 | Evan Kelly

Oil prices fell back to $50 on Friday afternoon, after the U.S. rig count hit eight year highs.  

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