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Breaking News:

China May Clip Teapot Refiners’ Wings

Credit Markets Have Oilfield Services In A Lockdown

Credit Markets Have Oilfield Services In A Lockdown

Financial constraints and limited access…

Earthquake Doesn’t Deter Japan From Pursuing Nuclear Agenda

Earthquake Doesn’t Deter Japan From Pursuing Nuclear Agenda

Japan’s post-Fukushima nuclear future is…

Energy / Energy-General

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The OPEC Effect? U.S. Rig Count Spikes Most In 31 Months

Dec 09, 2016 at 12:42 | Julianne Geiger

The number of oil and gas rigs in the United States was up again this week, with an increase of 27. Active oil rigs in the United States increased by…

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Saudi Arabia Cuts Oil Deliveries To U.S.

Dec 09, 2016 at 11:58 | Irina Slav

Saudi Arabia has informed its clients that their crude oil deliveries in January will be lower, to reflect the country’s compliance with the production cut agreed on by OPEC members…

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OPEC Deal Not Enough To Draw Down Record Oil Inventories

Dec 09, 2016 at 11:16 | Tsvetana Paraskova

Even if OPEC producers’ ministers hail the cartel’s deal to cut collective supply as the beginning of oil market rebalancing and stabilization, Bloomberg News has calculated that global oil…

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Japan Importing Less Crude Oil; Gives Iran, Russia Cold Shoulder

Dec 09, 2016 at 09:07 | Tsvetana Paraskova

Japan’s crude oil imports dropped to 3.055 million barrels per day in October, down by 5.6 percent from September, the Petroleum Association of Japan (PAJ) said on Friday. According…

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Filling The Gap: Tomorrow’s Most Popular Oil Trade

Dec 08, 2016 at 17:04 | Rakesh Upadhyay

Credit Suisse AG recently decided to delist two very popular and risky oil exchange-traded notes (ETNs) on the exchanges beginning today, December 8, and companies are now scrambling to fill…

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Did Big Oil Layoff Too Many Workers Too Quickly?

Dec 08, 2016 at 16:21 | Irina Slav

What was once a mere warning to the oil industry has now become a reality: the severe cost cuts undertaken by virtually every oil and gas business in the world…

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More Federal Land Drilling: Possible, But Not Profitable

Dec 08, 2016 at 14:53 | Peter Taberner

As the United States catches its breath following the shock election victory of Donald Trump, the oil industry could be facing significant changes, including the President elects’ open door policy…

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Trump’s Energy Advisor Hamm: We Are So Much Stronger Than The Saudis

Dec 08, 2016 at 12:33 | Tsvetana Paraskova

U.S. crude oil production is not expected to rise much next year from the current levels of around 8.6 million bpd, energy mogul Harold Hamm said at the S&P…

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Leonardo DiCaprio Meets With Trump To Discuss Creation Of Millions Of Green Jobs

Dec 08, 2016 at 10:20 | ZeroHedge

In one of the more unexpected visits to take place to the penthouse at the Trump Tower on Wednesday, Leonardo DiCaprio and the head of his foundation met with President-elect…

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The End Of The Bust? U.S. Shale Patch Could Start Hiring Soon

Dec 07, 2016 at 16:04 | Irina Slav

More than 150,000 jobs in the oil and gas sector in the U.S. have been cut since the start of the oil price crisis in mid-2014. In just the…

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