Radia's WindRunner cargo plane design…
Drexel University researchers successfully tested…
Tidal energy represents a significant…
For most people the reflexive answer to the title question is yes. Consider, however, that over various time spans since 1980, the price of oil has dropped 75, 76, 78,…
When is 60 percent compliance a good thing? When it’s not 40 percent... That is the latest status on the non-OPEC nations who agreed to November’s production cut, as discussed…
Crude oil exports from Iraq went up by 1 percent to 3.85 million barrels daily in February, despite the OPEC oil production cut that has seen Saudi Arabia and other…
A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country’s natural resources. As such, you won’t be surprised to learn that the
The Saudi King kicked off a month-long tour of Asia this week, as the oil kingdom looks to bolster ties in the east as it loses confidence in the…
It’s the beginning of the end for the Bakken Shale play. The decline in Bakken oil production that started in January 2015 is probably not reversible. New well performance has…
Whether or not SolarCity was a good investment on the part of Tesla has been of speculation late as the company released its latest quarterly report. It seems that…
South Africa’s land is known for its resources such as platinum, gold, diamonds, copper and coal. But its waters may be hiding future giant oil and gas discoveries potentially capable…
Nearly 20 states have raised gas taxes or recalculated gas-tax formulas in recent years to generate additional revenues. Which, of course, is an extremely politically expedient way to raise taxes…
Nigeria’s Oil Minister Emmanuel Ibe Kachikwu said that OPEC producers need to lower their production costs if they want to be able to compete effectively with U.S. shale boomers,…
The Energy Information Administration reported a build of 1.5 million barrels in U.S. commercial crude oil stockpiles for the week to February 24, continuing a seven-week streak of increases…
The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. Oil prices have stabilized…
Two years ago, OPEC took steps to increase its market share. It continued with this same policy for two years by pumping oil in an oversupplied market. The result: oil…
U.S. oil production continues to rise, threatening to offset much of the output reductions from OPEC, and yet again pushing out the time horizon for the oil market balancing. There…
Since Saudi Arabia said last year that it planned to sell a small portion of its crown jewel Aramco, analysts and industry specialists have been questioning the Kingdom’s evaluation of…
President Donald Trump has announced that the construction of the highly controversial oil pipelines must use American steel companies as their source to complete the projects. His plan, however, is…
Oil prices hit the wall once again on Tuesday as traders believe that increased U.S. shale output could offset OPEC output cut gains. …
Saudi Arabia wants oil prices to rise to US$60 a barrel this year – a level that would motivate new investments but will not encourage U.S. shale boomers to up…
Crude is easing lower on this last day of February, as other sources are endorsing what we said last week - that OPEC production and exports are on the…
OPEC members lost over US$2 trillion in revenues and capital expenditure in the oil price crash, the cartel’s director general Mohammed Barkindo said, speaking to media in Nigeria. About…