A rarely used technique called…
Russia continues its assault on…
Geopolitical tensions and tighter supply…
Expectations of robust oil demand growth and high OPEC and allies’ commitment to the production cuts have prompted analysts to raise again their forecast for oil prices in 2018, and…
Amid a mixture of news pulling oil prices in opposite directions the Energy Information Administration reported another draw in U.S. crude oil inventories for the week to December 22. The…
WTI briefly broke above $60 per barrel on news that a pipeline in Libya exploded, knocking a sizable portion of supply offline. The oil pipeline carries crude oil to the…
Europe’s largest oil and gas producer, Norway, suffered its fair share of problems when oil prices tanked three years ago. Yet, helped by the cushion of its massive sovereign wealth…
Pioneer Natural Resources just published its first Sustainability Report, a sign that a growing number of oil companies are feeling the heat from investors over climate change. Environmental groups…
Gasoline stations outnumber electric vehicle charging stations by a wide margin in key global markets. That gap is expected to narrow with planned charger installations and significant growth in fast…
The Permian Basin pumped an estimated 815 million barrels of crude this year, beating its previous record of 790 million barrels, achieved back in 1973, IHS Markit reported. The…
Two and a half years ago, analysts asked when Italy’s Eni would be able to start producing gas from the giant Zohr field offshore Egypt. The overwhelming majority said this…
The Trump administration is hoping to slash regulations on offshore oil drilling that were implemented after the 2010 Deepwater Horizon disaster that killed nearly a dozen people and led to…
Oil held steady this week while light trading pushed prices slightly higher on Tuesday morning, adding to the likelihood that oil prices will hold their recent gains heading into the New…
After a quiet overnight session, the price of Brent Crude spiked following news of an explosion at a Libyan crude oil pipeline that feeds the Es Sider sea terminal -…
With what has now become habitual optimism, the Iraqi oil minister, Jabar al Luaibi, said he expected the global oil market to rebalance by the end of the first…
Saudi Arabia sees oil revenues soaring by 80 percent over the next six years, according to unnamed sources that spoke to Bloomberg. The information is not public yet but…
Last week as everyone knows, I divulged one of my deepest and darkest secrets, namely that I am hopelessly addicted to cheeseball Hallmark Movie Channel Christmas movies, most of which…
India represents one of the biggest automobile markets in the world, with about 3 million petrol and diesel vehicles having been sold last fiscal year. That pie is just too…
The views expressed in this post are those of the author alone. This assessment is based on the data in the 2017 BP Statistical Review of World Energy available here.…
Royal Dutch Shell is preparing to take on the UK's Big Six energy suppliers after it announced today it would buy First Utility, a leading challenger firm. The move represents…
As much as I love Christmas and year end celebrations, this is not a great time of year for me for one reason. The expectation is that I will write…
All eyes are on U.S. shale as we head into 2018, with a growing number of analysts worrying that shale will spoil the oil price rally. Estimates of supply growth…
First by poison (Aliso Canyon), then by gas explosion (San Bruno), and now by fires (Northern California). This is no joke. There’s an almost biblical cast to crises related to…