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Venezuela Could Push Oil To $80

Venezuela Could Push Oil To $80

As the crisis in Venezuela…

U.S. Electricity Sales Projections Continue to Fall

U.S. Electricity Sales Projections Continue to Fall

U.S. Electricity sales projections are…

Energy / Energy-General

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Does This Oil Price Rally Have Legs?

Jul 28, 2017 at 16:22 | Jim Hyerczyk

U.S West Texas Intermediate and international-benchmark Brent crude oil futures were trading near an 8-week high as of early Friday after posting four straight sessions of higher closes. Support continued…

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Pace Of US Oil Rig Count Growth Slows As Prices Climb

Jul 28, 2017 at 12:24 | Julianne Geiger

The number of active oil rigs in the United States rose this week by 2 rigs showing a growth—albeit a slower one—in oil drilling as US players proceed more…

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Exxon Reports Twofold Rise In Profit, But Stock Plunges

Jul 28, 2017 at 09:00 | Irina Slav

Exxon reported a profit of US$3.35 billion for the second quarter of the year, up from US$1.7 billion a year earlier, thanks to better refining margins and higher oil…

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Billionaire Investors Backing An Oil Price Turnaround

Jul 27, 2017 at 14:40 | James Burgess

Here’s something few energy investors know...` The Latin American energy sector is at its most lucrative turning point ever. In Argentina, while all the supermajors are tied up in the…

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Shell Posts 700% Rise In Earnings, Prepares For ‘Lower Forever’ Oil Prices

Jul 27, 2017 at 09:12 | Irina Slav

Shell reported net earnings attributable to shareholders of US$1.92 billion for the second quarter of the year, a more than 700-percent increase from a year earlier when the figure…

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The Next Big Catalyst In The U.S. Oil Export Boom

Jul 26, 2017 at 13:39 | Irina Slav

The Louisiana Offshore Oil Port plans to start exporting crude by early next year, in the latest indication there’s an oil export boom in the world’s top oil consumer. According…

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Trump’s U.S.-Steel Pipeline Plan To Backfire On Energy Projects

Jul 26, 2017 at 10:51 | Tsvetana Paraskova

The U.S. Department of Commerce is due to submit a plan to President Donald Trump regarding a presidential memorandum on the use of American-made steel and iron products in pipelines.…

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Shortage Of Fracking Crews Slows The Shale Boom

Jul 25, 2017 at 17:12 | Nick Cunningham

The resurgence in shale drilling and production could be bumping up against some limits, with output expected to fall far short of market expectations for this year and next, according…

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New Regulations May Come As A Rude Awakening For Oil Companies

Jul 25, 2017 at 14:10 | Dwayne Purvis

An agency little-known outside accounting circles recently issued draft rules to change the standards which govern the verification of the year-end oil and gas reserves of public companies. The change…

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Saudi Arabia Regains Influence Over Oil Markets

Jul 25, 2017 at 13:50 | Tom Kool

Oil prices have spiked at the start of this week, with Brent breaking through the $50 mark in response to Saudi Arabia's promises to cut more oil and its determination…

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