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Breaking News:

Guaido Takes Strides To Topple Maduro

Nigeria Boasts Oil Production Cost of $23 Per Barrel

Nigeria Boasts Oil Production Cost of $23 Per Barrel

The average production cost for…

Oil Rallies Despite Large Crude Build

Oil Rallies Despite Large Crude Build

Oil prices continued to rise…

Energy / Crude Oil

The One Thing That Could Derail The U.S. Oil Boom

The One Thing That Could Derail The U.S. Oil Boom

Mar 28, 2019 at 15:05 | Irina Slav

Two South Korean refiners have canceled the delivery of U.S crude oil cargoes that were due to arrive in January and February this year, Bloomberg reported earlier this week.…

Russia Balks At Continued Oil Production Cut Alliance with OPEC

Russia Balks At Continued Oil Production Cut Alliance with OPEC

Mar 28, 2019 at 14:42 | Julianne Geiger

Russia is dragging its feet over the oil production cut deal that it has reached with OPEC and other non-OPEC countries. The deal, which was to go into effect on…

Oil Sands M&A Grinds To A Halt

Oil Sands M&A Grinds To A Halt

Mar 27, 2019 at 18:46 | Irina Slav

Two years after an M&A boom driven by the exit of several oil majors from the oil sands, sellers of oil and gas assets are having trouble finding buyers. With…

U.S. Squabbles Over New Iran Sanction Waivers

U.S. Squabbles Over New Iran Sanction Waivers

Mar 27, 2019 at 17:57 | Julianne Geiger

US sanctions on Iran’s oil sector and the waivers of said sanctions are causing rifts among the US administration—pitting the National Security Council and the US State Department against each…

Is The Nuclear Industry Abusing Subsidies?

Is The Nuclear Industry Abusing Subsidies?

Mar 27, 2019 at 12:45 | Haley Zaremba

Although nuclear is often touted as an ultra-efficient and therefore affordable as well as clean alternative to fossil fuels, some states are beginning to discover that this is not necessarily…

Hedge Funds Are Buying Oil Again

Hedge Funds Are Buying Oil Again

Mar 26, 2019 at 17:55 | Irina Slav

Hedge funds are buying oil once again after a pause earlier in March, signaling returning optimism about U.S. - China relations and subsiding concern about the global economy, Reuters’ John…

China’s Mad Scramble To Boost Domestic Oil Production

China’s Mad Scramble To Boost Domestic Oil Production

Mar 26, 2019 at 15:40 | Julianne Geiger

For countries who have complete control over their oil industry through their state-run oil behemoths, it’s easy to order them to increase oil output—costs be damned. But sinking money into…

What Is Pushing China Back To Coal?

What Is Pushing China Back To Coal?

Mar 26, 2019 at 14:57 | Haley Zaremba

Data released by the Chinese energy bureau this week shows that the country added a whopping 194 million tonnes of coal mining capacity over the course of 2018. This revelation…

Japan Struggles To Diversify Energy Mix

Japan Struggles To Diversify Energy Mix

Mar 26, 2019 at 13:08 | Vanand Meliksetian

The percentage of renewables in the global energy mix has risen significantly over the years due to, for example, lower costs for photovoltaic cells. The improved financial position of…

China Can’t Get Enough Of This Discounted Oil

China Can’t Get Enough Of This Discounted Oil

Mar 26, 2019 at 11:59 | Irina Slav

China is taking advantage of steep discounts for Iranian and Venezuelan crude to increase its imports from the two countries sanctioned by the United States, Bloomberg reports, adding that…

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