The European Parliament approved rules…
Russia continues its assault on…
The debate over whether to…
Gasoline demand in the United States reached the highest level on record in August this year, at 9.77 million bpd, or up by 83,000 bpd from August 2016. That’s according to…
The Energy Information Administration confirmed a draw in crude oil inventories, boosting the rally of WTI that almost brought the U.S. benchmark to US$55 a barrel. According to the…
The IMF estimated that Saudi Arabia will need oil prices to trade at about $70 per barrel in 2018 for its budget to breakeven, a dramatic improvement from the…
The oil and gas industry is hiring more than it’s letting go for the first time in three years, a new report from recruitment firm NES Global Talent and…
Brent oil has breached the technical and psychological barrier of $60, while WTI inched up to $54. The bulls are relishing in the excitement of rising prices. But there’s…
Most people are at least somewhat aware that the U.S. shale oil boom has resulted in lower fuel prices at the pump. But they are probably less familiar with the…
Strong assurances from OPEC and Russia regarding the extension of the production cut deal has pushed oil prices above $60 per barrel, providing a confidence boost for oil bulls and possibly…
U.S. Energy Secretary Rick Perry has come up with a controversial plan to slow the closure of coal-fired power plants, under the guise of stabilizing the power grid. The background…
Brent remained at over US$60 a barrel today, with WTI a bit over US$54 a barrel, but prices have begun to drag because of the prospect of further increases in…
Lots of natural resources news in America this week, with big opportunities opening in mining and energy in several spots across the country. The highest-profile happening was a new offshore…
Saudi Arabia needs oil prices at $70 per barrel in 2018 in order to breakeven, the International Monetary Fund (IMF) said on Tuesday in its Regional Economic Outlook…
Brent is back at $60 for the first time in more than two years, but the big question is: Can crude hold onto its gains? Oil prices firmed up in…
The oil market and analysts already largely expect OPEC to extend the production cut deal beyond March 2018, which many feel would finally rebalance supply and demand. OPEC’s new…
In a historic auction for deepwater oil assets in Brazil, the oil majors showed up on October 27 and bought several offshore blocks, indicating a high level of interest in…
The Middle East isn’t yet ready to agree on the future of OPEC’s output reduction deal as the bloc’s November 30 summit approaches, during which the cartel is set to…
With all the focus directed to solar and wind power, it’s often overlooked that renewables also include turning biomass into biofuels. And the latter has one decisive advantage over solar…
Crude oil from northern Iraq, including from the Kurdistan region, stopped flowing from the oil pipeline between Kirkuk and the Turkish Mediterranean port of Ceyhan early on Monday local time,…
I've been on the road - on walkabout as the Australians would say - for the last four weeks, doing a number of speaking engagements and trips across America. As…
China continued to cement its growing resource relationship with Brazil this week. With reports emerging that a Chinese consortium will bid to construct a 1,100 km, $3.9 billion railway to transport…
U.S. crude oil exports have been setting new records lately, but as both the U.S. oil production and exports are set to increase, analysts and traders warn that booming exports…