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Oil Crashes Into $40’s As Hedge Funds Sell Off

Oil Crashes Into $40’s As Hedge Funds Sell Off

Oil prices crashed this week…

Russia Hits 100% Compliance With OPEC Cut

Russia Hits 100% Compliance With OPEC Cut

Russia has effectively reached its…

Energy

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Massive Natural Gas Deposit Discovered In The Gulf Coast Basin

Apr 21, 2017 at 10:07 | Irina Slav

Technological advancements have just pushed the boundaries of recoverable oil and gas in the U.S. further, according to an announcement by the U.S. Geological Survey. The agency reported that…

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Exxon Is Going Primetime With The World's Next Shale Hotspot

Apr 21, 2017 at 09:29 | Dave Forest

The U.S. shale sector continues to be the hottest spot in natural resources investment. But news this week suggests America’s oil and gas industry may have a new rival —…

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Oil Companies Exploiting Famine And Financial Ruin In South Sudan

Apr 20, 2017 at 16:56 | Zainab Calcuttawala

South Sudan’s vulnerable financial state is making the civil-war-torn state easy prey for opportunistic oil and gas companies that could be offering Juba a fraction of the energy profits they…

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Does The Biggest Winner Of The OPEC Deal Support An Extension?

Apr 20, 2017 at 16:49 | Nick Cunningham

OPEC continues to make progress on cooperation as they close in on an agreement to extend their production cuts for another six months. On April 20, several top OPEC…

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Will Banks Allow Another Slew Of Oil Bankruptcies?

Apr 20, 2017 at 15:06 | Irina Slav

Last week, U.S. banks boosted the borrowing bases for several independent energy companies, lifting spirits in the industry. The move was taken as a sign that lenders are beginning…

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Exxon Mulls Big Investment In Argentina As Part Of Shale Strategy

Apr 20, 2017 at 14:44 | Tsvetana Paraskova

ExxonMobil is betting on shale development not only on its home turf. The supermajor is also planning to speed up investment plans for shale gas drilling in Argentina’s prized Vaca…

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Oil Majors See Huge Opportunity In Eastern Mediterranean

Apr 20, 2017 at 14:44 | Drilling Info

Quite suddenly, there is remarkable oil industry news to come out of the East Mediterranean region. If the plan is executed, in the space of seven years the balance of…

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Giant Libyan Oilfield Reopens After 2 Year Outage

Apr 20, 2017 at 13:55 | Tsvetana Paraskova

The El-Feel oil field in western Libya—operated by a joint venture between Italy’s Eni and Libya’s National Oil Corporation (NOC)—reopened on Wednesday after two years, and expects to start pumping…

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Offshore Crude Backlog Haunts Oil Price Recovery

Apr 20, 2017 at 11:20 | Matt Smith

Oil is trying to recover after yesterday's shellacking, but oversupply fears still remain. As rumors and murmurs circulate about an extension to the OPEC production cut, hark, here are five…

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OPEC Moves Towards Extension Consensus

Apr 20, 2017 at 09:50 | Irina Slav

Saudi Arabia’s and Kuwait’s oil ministers said consensus is building among OPEC members on the extension of the cartel’s six-month oil production cut agreement, strengthening optimism about international prices. Speaking…

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