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South Africa Oil Discovery Could Be A Game-Changer

South Africa Oil Discovery Could Be A Game-Changer

A major discovery of hydrocarbons…

Why The Oil Rally Isn’t Over Yet

Why The Oil Rally Isn’t Over Yet

OPEC+ output cuts and several…

Energy / Crude Oil

Chevron Responds To Eight Week Drop In Rig Count By Slashing Jobs

Chevron Responds To Eight Week Drop In Rig Count By Slashing Jobs

Jan 30, 2015 at 12:48 | ZeroHedge

For the 8th week in a row (something that hasn't happened since June 2009), US total rig count plunged. This week's 90 rig drop to 1543…

Can Saudi Arabia Diversify Away From Oil?

Can Saudi Arabia Diversify Away From Oil?

Jan 29, 2015 at 16:52 | Global Risk Insights

The Saudi government hopes new special economic zones can spur foreign investment and lessen the Kingdom’s reliance on oil. Regulatory reforms are needed, however, to convince…

Goldman Sachs Busts Myth Of Impending Russian Oil Collapse

Goldman Sachs Busts Myth Of Impending Russian Oil Collapse

Jan 27, 2015 at 09:30 | ZeroHedge

Yesterday's Russian downgrade pulled yet another raft of "smartest people in the room" to tell investors how screwed Russia is by low oil prices (and yet the US Shale industry…

U.S. Shale Boom May Come To Abrupt End

U.S. Shale Boom May Come To Abrupt End

Jan 26, 2015 at 17:38 | Arthur Berman

U.S tight oil production from shale plays will fall more quickly than most assume. Why? High decline rates from shale reservoirs is given. The more interesting reasons are the compounding…

U.S. Pushes Energy Exports to Undermine Venezuela

U.S. Pushes Energy Exports to Undermine Venezuela

Jan 26, 2015 at 17:13 | Nick Cunningham

The United States is seeking to dislodge Venezuela’s energy influence in the Caribbean, capitalizing on the collapse in oil prices. Vice President Joe Biden hosted the first ever Caribbean…

Why The World Needs Both Shale And Tar Sands

Why The World Needs Both Shale And Tar Sands

Jan 26, 2015 at 16:53 | Kurt Cobb

What the current oil price slump means for world oil supply is starting to emerge. "Layoffs," "cutbacks," "delays," and "cancellations" are words one sees in headlines concerning the oil industry…

Russian Sanctions Might Be Obama’s Greatest Blunder

Russian Sanctions Might Be Obama’s Greatest Blunder

Jan 23, 2015 at 17:48 | Robert Berke

One of the greatest foreign policy blunders of the Obama Administration was the push by the U.S. for economic sanctions against Russia. That led to Russia fleeing into the arms…

What’s Next For OPEC?

What’s Next For OPEC?

Jan 23, 2015 at 17:28 | Ron Patterson

The latest OPEC Monthly Oil Market Report is out with OPEC production data for. The data is “Crude Only” and does not reflect condensate production. Also the charts, except…

Companies Best-Positioned For An Oil Price Rebound

Companies Best-Positioned For An Oil Price Rebound

Jan 23, 2015 at 16:35 | Editorial Dept

The U.S. oil and gas rig count continues to fall – having plummeted by 74 rigs for the week ending on January 16 – in a clear sign that…

Schlumberger To Retake Oil Services Crown With New Deal

Schlumberger To Retake Oil Services Crown With New Deal

Jan 21, 2015 at 15:50 | Andy Tully

Schlumberger Ltd.’s move to buy nearly half of Eurasia Drilling Co. (EDC), Russia’s largest oil drilling concern, will cost it about $1.7 billion and perhaps a…

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