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Energy / Crude Oil

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Can Private Investment Turn Mexico’s Ailing Oil Industry Around?

May 24, 2017 at 13:18 | Haley Zaremba

Five years after Mexican President Enrique Peña Nieto made campaign promises to open his country’s oil reserves to foreign interests, a private well been has drilled in Mexico for the…

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Oil Prices Spike On Strong Crude Inventory Draw

May 24, 2017 at 09:47 | Irina Slav

A day before OPEC’s meeting in Vienna, where the cartel should announce officially the nine-month extension to its crude oil production cut deal, the Energy Information Administration added to optimism…

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Is Canada’s Oil Production Ready For A Resurgence?

May 23, 2017 at 15:40 | Haley Zaremba

Last week two right-wing parties in Canada’s oil-rich Alberta province signed a tentative agreement to merge, creating a unified front to oppose the ruling New Democratic Party. The Progressive Conservative…

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Trump To Sell Half The Strategic Petroleum Reserve

May 23, 2017 at 09:42 | Irina Slav

In a release of part of the draft budget for fiscal 2018, the Trump administration has proposed halving the strategic petroleum reserve, which will raise some US$500 million …

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Canada And Brazil Could Jeopardize Oil Market Balance

May 22, 2017 at 13:42 | Tsvetana Paraskova

As OPEC and its partners prepare to reveal the details of what most expect to be an output cut extension, all eyes in the oil industry are on U.S. shale…

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Venezuela: The Brutal Consequences Of Oil Addiction

May 22, 2017 at 13:27 | Haley Zaremba

Oil prices continue to waver after an 18-month slump, and the world’s most oil-dependent nations are feeling the effects. Saudi Arabia, home of the world’s biggest oil company Saudi Aramco,…

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The Lowest Shale Breakeven Costs Are Here

May 22, 2017 at 13:04 | Oil & Gas 360

The Federal Reserve Bank of Dallas released its Energy Indicators report, outlining the continued recovery of the oil and gas industry. No surprise Texas is the heart of oil and…

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Today's Stunted Oil Prices Could Cause Oil Price Shock In 2020

May 19, 2017 at 16:48 | Haley Zaremba

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. As Saudi Arabia announces plans to slash production and…

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Does The Permian’s Sweet Spot Hold 8 Times More Oil Than Predicted?

May 19, 2017 at 16:47 | Tsvetana Paraskova

What with all the rig additions, land deals, and low breakeven costs, the Permian basin has been the subject of much love from the oil industry as of late, and…

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Frac Sand Fraud Could Lead To 180-Year Prison For Texas Senator

May 19, 2017 at 16:41 | Irina Slav

Ponzi schemes are an enduring kind of fraud, one of whose many attractions for people looking to make money on other people’s backs is that they can be applied to…

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