Citigroup Says 42% of Clients Have No Energy Transition Plan
U.S. oil prices surpass $80…
AI and other tech could…
After a three-week blockade of its eastern port of Hariga over rival government wrangling, Libya has now resumed exports from the port and could soon be ramping up…
Market data from Reuters shows that Iranian crude oil exports in April reached 2.3 million barrels per day, exceeding forecasts, while May exports are expected to be around 2.1 million…
Kuwait’s state-run oil company is planning US$42 billion in investments by 2022, as the country pursues a three-fold strategy to increase oil production, expand its refineries and…
Venezuela can’t pay its millions of dollars in debt to Indian pharmaceutical companies, say Indian officials, so officials are considering a proposal that would see the Latin American…
Iraq has been pumping oil at record-high rates since the start of the year, with daily output reaching 4.31 million barrels last month, most of which was…
Attacks on energy infrastructure continue to bombard the oil majors operating in the Niger Delta. The latest victim was Italian oil giant Eni, who told UPI in…
The casualty list in the oil and gas sector continues to climb. On Monday, unable to keep up with its mountain of debt, SandRidge Energy filed for…
The Oklahoma Senate has suspended a tax incentive for the oil industry that’s likely to see a lot of small producers go under. Oklahoma is facing a budget…
Low oil prices and spending cuts are cutting into China’s oil production, a little known source of output declines that are helping to balance the market. New data…
Famous short seller Jim Chanos is shorting oil majors Royal Dutch Shell Plc and Chevron Corp, according to Bloomberg. He is operating under the belief that the…
The Chinese slowdown did more than drag down its own economy, it singlehandedly created financial tremors throughout the global financial markets. With consistent growth rates well…
For a long time, a common assumption has been that the world will eventually “run out” of oil and other non-renewable resources. Instead, we seem to…
Baker Hughes published the latest oil rig count today—and although not surprising, the news that the oil rig count fell for the eighth straight week…
OPEC is dead, Rosneft’s head Igor Sechin has told Reuters. In a fine example of stating the obvious – at least to those who have…
Several months on from the lifting of the U.S. oil export ban, it’s becoming clear that one unexpected group had benefited considerably from the restriction –…
Petrobras’ stock has been a disaster for investors for years. Even when virtually every other oil company on the planet was seeing their stock move higher,…
The prospect of producing oil from the U.S. Arctic looks increasingly remote as the oil industry walks away from drilling leases. After Royal Dutch Shell pulled…
Fifty-two years to the day after The Beach Boys released ‘I Get Around’, and the crude complex is sympatico with this notion. As the market tries…
Saudi Arabia appears committed to its recently-announced long-term economic plan, dubbed Vision 2030, which aims to remove the country’s economic dependence on oil exports within the…
Suncor: King of Canada’s Oil Sands Canada’s oil sands are the third largest oil deposit in the world behind Saudi Arabia and Venezuela. The largest oil…