The Biden administration's decision to…
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AI's rapid growth is driving…
Gasoline prices in the U.S. did not get swept up by the 10-percent rally in crude yesterday following OPEC’s decision to cut production, with the average price per gallon of…
Russia’s Energy Minister Alexander Novak said that all Russian oil companies are on board with the 300,000-bpd cut agreed by Moscow as part of OPEC’s efforts to prop up…
Harold Hamm, the wealthiest American energy mogul, earned $3 billion on Wednesday morning, when the Organization of Petroleum Exporting Countries (OPEC) announced an oil production cut that would cap the…
The market should not be overly enthusiastic over today’s oil price surge on reports that OPEC has managed to reach some kind of a deal to reduce supply, David Hunt,…
Shale oil producers have turned the U.S. from a net importer into a net exporter of natural gas in November, according to S&P Global Platts. Even in September, the U.S.…
The oil price crash has forced oil and gas producers to decommission aging and unprofitable fields across the world. Oil field services companies - which have been badly battered by…
It is no secret that the coal industry has faced hard times for the last few years. Environmental concerns led President Obama to institute more stringent regulatory requirements, while cheap…
Oil prices surged more than 8 percent on Wednesday as OPEC shocked the world and reached an agreement to cut production. If OPEC members succeed in implementing the deal, set…
On the day of a historic OPEC agreement to cut production in a desperate attempt to spur markets on the road to rebalancing, the EIA reported an anticlimactic decline…
Defying all odds, OPEC provisionally reached the much-hyped agreement to cut output in a bid to boost oil prices. According to an OPEC delegate quoted by Bloomberg News, the…
Two months ago, OPEC took the market by surprise by saying that it ‘agreed to agree’ on a deal to cut production to between 32.5 and 33.0 million bpd in…
OPEC is just a day away from a historical meeting that could see the cartel act in concert for the first time since 2008 to prop up prices, battered by…
After the election of Donald Trump as President, one of the cornerstones of the modern global economic system is being questioned. Trump built his campaign on questioning the status quo,…
We are hours away from the highly anticipated OPEC meeting and oil analysts are coalescing around two possible scenarios that leave very little middle ground: if OPEC reaches a deal,…
With most of the energy world focused on the upcoming OPEC meeting and whether oil ministers will agree on production cuts in order to help boost oil prices, it’s…
Global markets, producers hope for production limit agreement The markets are waiting to see whether or not OPEC will be able to finalize a production agreement this Wednesday as potential…
The gloves are off in Vienna and OPEC members are trading verbal blows about what they will or won't do in relation to production cuts. Finally the main event arrives…
Less than 24 hours to go until the decisive Wednesday OPEC meeting, not only is Iran refusing to cut its own oil production, but it is also defiantly and boldly…
One day ahead of OPEC's much anticipated meeting in Vienna, oil has slid back under $46 on rising pessimism that an oil production cut deal, taken widely for granted as…
Iran is now officially pre-qualifying E&Ps for an offering round of oil and gas projects. Putting fields up for bids to foreign operators for the first time in years. But…