Based on a number of…
The global oil markets have…
Crude oil is starting the new week on a down note as economic worries continue to dictate near-term price direction. Last week oil lost an enormous 8.6% after double dip…
Is the global economy facing a double dip recession and a new financial crisis? That is the concern that made the capital markets swoon Thursday. A disappointing round of data…
Back in 2006, George W. Bush declared that the US is “addicted to oil.” Since then, that phrase has been repeated ad nauseum by politicos on both the Left and…
I watched Tuesday's hearing on offshore drilling operations and safety by the Energy and Environment Subcommittee of the House Energy & Commerce Committee, which featured the CEOs of ExxonMobil, Chevron,…
Uganda’s recent oil discovery has the chance to reshape relations with its neighbours and the West as energy multinationals eye potential opportunities. The Great Rift Valley of East Africa -…
As hurricane season begins in the Caribbean and Gulf of Mexico, forecasters are predicting higher-than-usual activity that could disrupt oil and gas production in the Gulf and hinder efforts to…
It was about six weeks ago that the man I work for walked into my office and asked what was happening in the world of energy. “This oil leak in…
In 2006, when I wrote this, and culled directly from their 10K, ExxonMobil paid $30.7 billion in excise taxes, $41.6 billion in other "taxes and duties", and $59.4 billion in…
Middle East oil countries should increase production of heavy oil as oil prices remain higher and improved technology makes it easier, those attending an industry conference in Bahrain were told.…
The Deepwater Horizon disaster in the Gulf of Mexico is providing barrels of new ammunition to pundits on both the Right and the Left who contend we have to end…
Canadian oil sands will probably become the No. 1 source of U.S. crude oil imports this year, and could make up more than a third of the nation’s oil…
While the oil spill from a sunken drilling rig in the Gulf of Mexico threatens to become an environmental disaster, plans are proceeding for opening up new drilling territories in…
The oil spill in the Gulf of Mexico from a collapsed offshore drilling rig could affect White House plans to extend offshore drilling, press secretary Robert Gibbs acknowledged as the…
As oil continues to pour into the Gulf of Mexico, I thought it might be helpful to review how we got where we are today. The graph below shows total…
Iran, the world's fifth-largest oil producing nation, is increasing the amount of oil is stores in tankers at sea. Iranian officials say this is due to refinery overhauls and seasonality,…
The acquisition of a 9% stake in the Syncrude oil sands venture by China’s Sinopec for $4.65 billion – substantially more than expected – could pave the way for a…
SandRidge Energy’s agreement this week to acquire Arena Resources, a producer of conventional oil in West Texas, for $1.6 billion is the latest example of natural gas companies seeking to…
President Barack Obama’s move to lift a moratorium on new offshore drilling leases and to designate further areas for exploration won’t produce much oil in the near future, but is…
The latest draft of European Union fuel standards appears to mark a lobbying victory for the Canadian oil industry because it drops tighter restrictions originally envisaged for crude oil derived…
The increasing use in the United States of gasoline, jet fuel and other petroleum products made from Canada’s oil sands has aroused opposition from Canadian and U. S. environmentalists equal…