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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Energy / Energy-General

Oil Prices Supported By Shrinking Inventories

Feb 23, 2018 at 14:34 | Jim Hyerczyk

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures traded in a sideways-to-lower range early in the week, but momentum shifted on Thursday, driving prices to their highest levels…

Oil Prices Rise As Bullish Sentiment Returns

Feb 23, 2018 at 13:15 | Tom Kool

Following a surprise report from the EIA, oil prices rose across the board, suggesting that bullish sentiment may be returning to the markets.  (Click…

Rig Count Inches Higher As Oil Prices Stabilize

Feb 23, 2018 at 12:20 | Julianne Geiger

Baker Hughes reported a 3-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 978, which…

What’s Really Happening With Venezuela’s “El Petro?”

Feb 23, 2018 at 09:56 | Michael Kern

Venezuela has made history as the first country to launch its very own Initial Coin Offering. The long-hyped Petro cryptocurrency has been the center of controversy and curiosity to many…

Mexico To Halt All Oil Exports If Obrador Wins

Feb 23, 2018 at 09:29 | Irina Slav

Mexico’s energy industry strategy will be overhauled if the frontrunner for the next presidential term, Andres Manuel Lopez Obrador, wins the July election, his senior energy adviser said in…

Why Is The WTI-Brent Spread Shrinking?

Feb 22, 2018 at 16:49 | Nick Cunningham

As U.S. exports continue to rise, the price gap between WTI and Brent has sharply narrowed. The premium that Brent traded at relative to WTI used to run in the…

U.S. And China To Face Off Over Aramco IPO

Feb 22, 2018 at 16:28 | Gregory R. Copley

Speculation continued into early 2018 about who — or which organization — would be the ultimate buyer of the five percent stake being offered for sale in Saudi Arabia’s national…

Subsidies For Coal, Nuclear In The Latest Federal Budget

Feb 22, 2018 at 12:54 | Leonard Hyman & William Tilles

The two year spending bill just passed by Congress and signed by the President attempts to make good on the administration's promised tilt towards coal and nuclear power. For the…

Why The Next Oil Boom Will Be Fueled By Blockchain

Feb 21, 2018 at 17:48 | Meredith Taylor

Big Oil is due for a disruption. The world’s most important industry has been carrying on without any significant changes in its day to day routine for far too long.…

The Billion Dollar Fuel Mandate Gone Wrong

Feb 21, 2018 at 12:48 | Robert Rapier

This year begins the ninth year of cellulosic ethanol mandates in the U.S. Today I want to give a brief review of cellulosic ethanol, review the original targets, and examine…

Toyota Finds A Way To Make Cheaper EVs

Feb 21, 2018 at 12:12 | MINING.com

Toyota Motor Corp, Asia’s No.1 carmaker, has found a way to make electric vehicles (EVs) more affordable and less vulnerable to shortages in supply of the key elements needed to…

An Unlikely Challenger In The Electric Car Race

Feb 21, 2018 at 10:49 | Metal Miner

Initially, electric and now the development of autonomous cars has been a major disrupter for the auto industry, the effects of which we have only just begun to see. Traditional…

5 Record Breaking Gemstones Even Billionaires Can’t Buy

Feb 20, 2018 at 16:51 | Charles Kennedy

As Elizabeth Taylor once said: “I adore wearing gems, but not because they are mine. You can't possess radiance, you can only admire it.” It’s a good philosophy, because when…

U.S. Crude Exports Hit A Major Milestone

Feb 20, 2018 at 14:45 | Tsvetana Paraskova

“There could not be a better time to offer this service as domestic production surpasses 10 million barrels per day in the ever-dynamic global crude oil market,” Tom Shaw, president…

Oil Prices Diverge On Mixed Data

Feb 20, 2018 at 13:33 | Tom Kool

WTI received a boost at the start of the week as Cushing inventories have dwindled amid greater pipeline connections and reduced flows from Canada. Exports are also up. Meanwhile, Brent…

Oil Price Rally May Not Be Enough To Help Canadian Drillers

Feb 20, 2018 at 11:59 | Lindsay Redifer

Oil producers in Alberta, Canada had the headache of high supply next to thin margins this week, but a quick price rally brought a moment of relief — though experts…

Is Nigeria Breaking Its Promise To OPEC?

Feb 19, 2018 at 14:06 | Haley Zaremba

As OPEC allies push to restrict oil output in an international attempt to bolster crude prices, Nigerian producers are heading in the opposite direction, aspiring to increase output by 250,000…

Is The Yamal LNG Project Overhyped?

Feb 19, 2018 at 14:04 | Maria Shagina

In December 2017, Novatek launched its much-praised Yamal LNG in the Arctic Circle. Despite difficult permafrost conditions and financial limitations imposed by U.S. sanctions, Yamal LNG was finished on time…

U.S. Plans Largest Ever Oil & Gas Lease Sale In Gulf Of Mexico

Feb 19, 2018 at 09:18 | Zainab Calcuttawala

The largest oil and gas lease sale for waters in the Gulf of Mexico in U.S. history will occur on March 21st, according to an announcement by the Trump…

Will China Repeat Last Year’s LNG Import Surge?

Feb 16, 2018 at 17:16 | Irina Slav

Ever since China overtook South Korea as the world’s second-largest importer of LNG last year, traders have been keeping a very close eye on any development that might suggest whether…

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