The debate over whether to…
Regional banks BOK Financial, Citizens…
Shares of Portuguese integrated energy…
The EIA’s short-term energy outlook, released on April 11, predicted increases in American energy production, along with an increase in imports. The agency’s forward predictions on the outlook of…
If Venezuela defaults on its debt obligations, it could result in Russia taking control over U.S. refining assets, leading to more Russian “control over oil and gas prices worldwide,” which…
In recent years, U.S. shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC’s production cuts,…
Refinery utilization hits 90.8 percent, the highest since the first week of the year U.S. refiners are picking up activity as the summer driving months approach, encouraging markets to increase…
ExxonMobil last week announced its third successful oil find offshore Guyana – the tiny Latin American country squeezed between Venezuela and Suriname. The Snoek discovery follows hitting oil-bearing rock in…
From Qatar, with love Qatar’s engagement with Russia didn’t begin with the Qatar Investment Authority’s (QIA) involvement in the privatization of 19.5 percent of Rosneft’s shares. As far back as…
OPEC members pumped a combined 31.93 million barrels of crude daily last month, down 153,000 bpd from February, the group said in the latest edition of its Monthly…
A day after Saudi Arabia said it was willing to join a production cut extension and a day after the American Petroleum Institute estimated U.S. crude oil inventories…
The Colorado Court of Appeals has recently ruled 2-1 in favor of six teenage activists who had petitioned the Colorado Oil and Gas Conservation Commission to consider a rule that…
Oil prices started the week at a one-month high, with geopolitical tensions and growing confidence over an OPEC deal extension driving a rally. But as oil prices settle in the…
Saudi Arabia reduced its crude oil production by 111,000 bpd to 9.9 million bpd in March, again generously overcomplying with the OPEC output cut deal after having raised February output—but…
Today is national submarine day, and oil prices are trying not to submerge after a recent sustained rally. Today we get the opening gambit from the triumvirate of reports from…
Just a day after production at Libya’s largest oil field was suspended, the National Oil Corporation told local media that another field, Wafa, has also stopped producing. This…
Quick update to my recent story on Libya’s largest oil field shutting down— with reports yesterday suggesting that the Sharara field has once again gone offline following possible…
Shale companies have pushed breakeven oil prices below $40 per barrel—but so have major oil companies. Analysts commonly portray cost reduction as something unique to the tight oil companies. Data…
Notable authorities such as the EIA, the IEA, OPEC and BP forecast growth of demand for oil in their base case scenarios through the end of their forecast periods. These…
Resource-challenged Japan, the world’s top LNG importer, the third-largest oil consumer and net importer, and the third biggest coal importer, is estimated to have spent an additional annual average…
The eleven Arab countries that comprise the Organization of Arab Petroleum Exporting Countries have combined proved reserves of 710 billion barrels of crude – 55.6 percent of the world’s total,…
Production from Sharara, Libya’s biggest oil field, has stopped again, unnamed sources told Bloomberg. The sources said the pipeline that carries crude from Sharara to the Zawiya export terminal…
A potential oil and gas opportunity emerged last week in Romania. When that country’s government liberalized pricing and exports for natural gas— which could see producers here getting better…