Oil prices fell this week…
Earlier this year, the price…
WTI crude hangs above $80…
Oil prices have cratered in recent weeks, dipping to their lowest levels in more than seven months and any sense of optimism has almost entirely disappeared. All signs point to…
Many U.S. shale drillers have said that they have full-proofed their operations for $40 oil, having lowered breakeven prices substantially over the last few years. They may soon have to…
Last year’s OPEC deal to cut production managed to lift oil prices and stabilize them around US$50 for most of the first quarter this year. The higher price of oil…
It is a given that the price for crude oil on the global market for the rest of this year and into 2018 will be influenced by a variety of…
That Louisiana is sinking into the Gulf of Mexico is not news. Rising seas and coastline erosion have been working together for decades, but this sinking may well be happening…
Just a week has passed since an OPEC official last aired the possibility of deeper cuts, and comments on steeper reductions are resurfacing from the cartel, just a day after…
With WTI slipping into a bear market, global floating oil storage at a record high for this year, and Libya getting closer to its target of 1 million barrels…
As OPEC’s most significant member and one of the largest crude oil producers in the world, Saudi Arabia typically exerts considerable power over global energy market trends. Yet for the…
Natural gas prices are falling, and the speculators have cut their U.S. natural gas net long positions for the fourth straight week. Does this indicate further weakness, or is this…
Kurdistan, the autonomous region of northern Iraq that is rich in oil resources and has proven an effective force against the spread of the Islamic State, has announced that it…
Mexico hosted another oil auction on Monday, auctioning off shallow water oil and gas blocks to international companies. The auction was the latest in a series of offerings related to…
Oil prices hit on Tuesday their lowest levels since mid-November last year, with WTI entering a bear market, and analysts now see the price of oil sliding further down…
Despite a busy week in oil news, prices are hovering around the mid-$40s mark as inventories remain high and production from OPEC members Libya and Nigeria ramps up.
Phase 1 will produce 450 MMBO ExxonMobil (ticker: XOM), Hess (ticker: HES) and CNOOC today announced FID for Phase 1 development of the Liza field in offshore Guyana. Initially discovered…
Saudi Arabia has regained its top position ahead of the U.S. and Russia as the holder of the world’s biggest recoverable oil resources, as reduced tax rates for state giant…
Crude oil started the week with a loss, which may be extended today as U.S. shale drillers continue to add rigs, and Libya and Nigeria ramp up production, undermining their…
The political standoff in the Middle East between Qatar and other powers in the Middle East enters its third week, and the conflict shows no signs of abating. On June…
The lead editorial in Friday’s Wall Street Journal was pure energy nonsense.’ “Lessons of the Energy Export Boom” proclaimed that the United States is becoming the oil and gas…
Over the past 5 years, focus on the U.S. oil & gas sector has centered around oil production from the U.S. shale revolution while neglecting, arguably, the most important part…
Finally, after almost a decade of historically low interest rates, the Fed is removing the proverbial punchbowl from the easy-money party. As it stands, Yellen & Company are only moving…