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Oil Moves Down on Crude Inventory Build

Oil Moves Down on Crude Inventory Build

Crude oil prices moved lower…

Texas Deepwater Oil Export Projects Stall

Texas Deepwater Oil Export Projects Stall

Four projects were planned offshore…

Weak Diesel Prices Reflect Global Economic Slowdown

Weak Diesel Prices Reflect Global Economic Slowdown

Diesel fuel production has ramped…

Energy

The Beginning Of The End For Europe’s Natural Gas War

Oct 27, 2016 at 17:43 | Nick Cunningham

Russia’s Gazprom is on the verge of striking a deal with EU regulators to settle a half-decade old dispute over natural gas pricing, and the resolution could change the way…

Will U.S. Oil Exports Help Restore Its Waning Geopolitical Influence?

Oct 27, 2016 at 16:28 | Tsvetana Paraskova

Since the U.S. lifted its restrictions on crude oil exports in December 2015, a dozen new countries have joined its long-term export partner Canada, which had been exempt from these…

Will Electric Cars Be Cost Competitive By 2020?

Oct 27, 2016 at 16:17 | Michael McDonald

The energy market is constantly transforming and advancing the way we use everyday products. Very soon, the internal combustion engines we’ve been accustomed to for over 100 years, may…

Post-ISIS Mosul Awaits Russia vs. Turkey Stand-Off

Oct 27, 2016 at 15:29 | Zainab Calcuttawala

In early 2015, the United States’ campaign against the Islamic State’s oil resources proved to be ineffective, with the terrorist group recovering quickly from strikes meant to disable its…

Iran’s Crude Exports To Fall Of A Cliff In November

Oct 27, 2016 at 13:15 | Tsvetana Paraskova

A typically low seasonal demand in Europe will lead to Iran exporting 1.89 million bpd of crude oil next month, the lowest level since July, Reuters reported on Thursday,…

Oil Prices Rally On Saudi Rhetoric

Oct 27, 2016 at 11:17 | Matt Smith

Wax on, wax off; oil prices are rallying after selling off for the last three days, egged on by yesterday's supportive inventory report and the ebb and flow of OPEC…

Saudis, Gulf OPEC Members Offer To Cut 4% Of Oil Output

Oct 27, 2016 at 10:24 | Tsvetana Paraskova

Just when a potential OPEC deal was looking more like wishful thinking than a reality, sources told Reuters on Thursday that Saudi Arabia and its Gulf OPEC producer allies…

Tesla Q3 Reports Modest Gain On Credits, Faces Tough Road Ahead

Oct 27, 2016 at 09:07 | Irina Slav

Contrary to consensus analyst expectations, Tesla has turned in its second-ever quarterly profit, for July to September, boasting that Q4 would also be in the black—but some analysts remain skeptical…

Will Libya Turn Its Back On The OPEC Deal?

Oct 26, 2016 at 16:37 | Ahmed Ben Mussa

The exploration of oil in Libya began in 1955, four years after the country was declared independent. 40 companies were given an area of 600,000 km2 to explore over ambitious…

Full Scale Oil Price Recovery Unlikely As 5000 DUC’s May Come Online

Oct 26, 2016 at 16:18 | Nick Cunningham

A backlog of oil wells that have been sitting idle could put renewed pressure on oil prices once the oil starts flowing. Oil prices dipped just below $50 per barrel…

Bankruptcies In Oilfield Services Are Accelerating

Oct 26, 2016 at 15:59 | Irina Slav

Clouds have been clearing for oil producers in the U.S. oil patch, but it looks like things are a bit different in oil field services. In fact, they’re quite a…

Is Nevada Sitting On One Of The Biggest Undiscovered Oil Fields?

Oct 26, 2016 at 15:58 | Alan Chamberlain

Most of the giant oil fields on earth, ''elephants'' are deposited in passive margin shelves like the Paleozoic passive margin shelf of the Great Basin of western Utah and eastern Nevada. These…

Offshore Oil Accounted For 30% Of Global Output In 2015

Oct 26, 2016 at 15:40 | Oil & Gas 360

According to new data from the EIA, global offshore oil production (including lease condensate and hydrocarbon gas liquids) in 2015 was at the highest level since 2010, and accounted for…

Houston Oil and Gas: Cuts and Rehires Indefinitely Frozen

Oct 26, 2016 at 13:41 | Zainab Calcuttawala

Despite indications that the Houston hemorrhage of oil and gas jobs has slowed down, the two-year old wave of advances in drilling and extraction technologies—pioneered by now-jobless engineers—will prevent rehiring…

Oil Jumps After EIA Reports Draw To U.S. Crude Stocks

Oct 26, 2016 at 09:52 | Irina Slav

The Energy Information Administration reported a draw of 600,000 barrels in U.S. crude oil inventories for the week ending October 21, bringing a shred of calm to the market…

Venezuelan Minister Reveals Non-OPEC Lineup For Output Cut Discussion

Oct 26, 2016 at 09:33 | Irina Slav

OPEC has sent invitations to 12 producing countries that are not members of the organization, to discuss market rebalancing measures a day before OPEC’s official meeting on November 30. The…

Is ISIS Giving Up On Oil?

Oct 25, 2016 at 17:10 | Zainab Calcuttawala

Since the Iraqi army drove out Islamic State forces from the oil-rich towns of Shargat and Qayyarah last month, ISIS has lost its ability to produce oil and profit…

Can Saudi Arabia Scramble Out Of The Pit It Dug for Itself?

Oct 25, 2016 at 16:50 | Irina Slav

Major changes are brewing in Saudi Arabia, and there is no way to stop them if the kingdom’s economy is to survive the oil price rout. This is what has…

Iraq Threatens To Sink OPEC Deal

Oct 25, 2016 at 15:27 | Nick Cunningham

Oil prices dropped more than 1 percent on Tuesday as waning expectations of an OPEC deal weighed on the market. Iraq insisted on Sunday that it be allowed to…

Shipping Industry Faces Uphill Battle Against New Climate Regulations

Oct 25, 2016 at 15:24 | Gregory Brew

The shipping industry, currently in the midst of an over-capacity crisis that has toppled at least one major international shipping firm, must now come to grips with a new demand…

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