The price of a West Texas Intermediate barrel of oil shot up on Wednesday afternoon by nearly 7% shortly after OPEC’s President gave the market fresh optimism…
Middle East oil producers began to tap the debt markets this week amid growing fiscal pressures on their economies and wealth funds in the oil price crash and…
Natural gas has gone from being a by-product of oil production to a vital source of energy for transportation, industry, and heating. Technological advancements have strengthened the fuel’s proliferation as…
As oil traders look with dread and fear to tomorrow's OPEC+ teleconference one day after crude oil tumbled amid speculation that the production cut standoff will not be resolved...
Crude oil production in the United States could fall by about 2 million bpd from current estimates of daily averages, according to the Energy Information Administration. In its latest Short-Term…
A week after reporting the largest oil inventory build since 2016, the EIA once again had bad news for oil bulls: inventories added 15.2 million barrels over the week…
The world’s top oil exporter, Saudi Arabia, is making good on its promise to flood the world with oil even as demand collapses, with a surge in tankers carrying Saudi…
Last week saw oil move jump in the largest two-day percentage increase in history. A similar movement was seen in Brent, moving back into the mid-$30’s. In a…
“We haven't seen anything like what we're experiencing today.” ExxonMobil’s CEO Darren Woods said his company is expecting oil demand to decline by 20 to 30 percent because of the…
The falling price of gas has brought some relief to drivers fed up with seeing numbers whirr on the pump at wallet-draining speeds. According to the AAA, Americans are, on average,…
Renewable energy projects constituted three-quarters of all new power generation capacity projects in the world last year, the International Renewable Energy Agency said in a new
The ongoing price crash triggered by the coronavirus and the oil war has in many ways hammered investments into upcoming African, Latin American and Asian plays
Investor Alert: OPEC and its partners are about to orchestrate the largest oil production cut in history, and a small number of oil & gas companies stand…
It was a revolution; a game-changer. The shale industry that transformed American oil was on its way to upending the world by first rendering the United States energy…
With the virtual OPEC+ meeting where Russia and Saudi Arabia were to discuss output cuts to end the oil price war delayed Monday, oil prices took…
Due to the combined global effect of the Covid-19 pandemic and the ongoing oil price war, the American oil and gas…
U.S. President Trump believes local oil production output cuts will happen automatically thanks to the nature of the free market, he told reporters this week. “I think the cuts are…
Countries part of the OPEC+ group are discussing the idea to implement oil production cuts for at least three months from May to July, Russian news agency TASS reported on Tuesday,…
G20 countries are set to send their oil minister for an emergency meeting on Friday, a sign that there is a chance that OPEC and Russia can pull…
I’m in favor of the global output cut orchestrated by President Trump but let’s recognize it for what it is: largely irrelevant. Mohammed bin Salman and…