WTI crude futures were trading…
Russian media reports citing official…
Eleven years ago, I wrote about the how millions of holes drilled deep into American soil were already destined to pollute groundwater across the United…
Oil-rich Libya has been fighting to get its oil industry back on track over the last decade, since the Arab Spring and subsequent political instability. Following the failed presidential elections…
The oil price rally continues to display strong momentum as tightness in the physical markets shows no sign of easing. The past seven trading days have all seen new year-to-date-highs…
"It's not about . . . jacking up prices, it's about making the decisions that are right when we have the data," Saudi energy minister Abdulaziz bin Salman said this week, commenting on the…
“The search for a scapegoat is the easiest of all hunting expeditions.” — Dwight D. Eisenhower The state of California is suing five major…
Commodity analysts at Dutch multinational banking and financial services company ING Bank have said the oil price rally still has room to run, and have forecast that Brent crude…
Crude oil prices moved higher today after the Energy Information Administration reported an inventory decline of 2.1 million barrels for the week to September 15. That compared with…
Over the past decade, major oil companies, under pressure from investors and environmentalists, have been fleeing Canada's oil sands, the fourth-largest oil reserve in the world, while investment in existing…
The ongoing extra production cut by Saudi Arabia is intended to stabilize the oil market and prevent high volatility in times of uncertainty, not to "jack up" prices,…
The market could be ready to make a sharp turn higher in the valuations of the smaller oilfield service-OFS companies. Since May of this year the bigger players…
BRICS is a group of major emerging economies, originally including Brazil, Russia, India and China, which was termed in 2001 by then Goldman Sachs chief economist Jim O'Neill in…
South American microstate Guyana recently emerged as what is being described as the world’s hottest offshore frontier oil play. A consortium led by ExxonMobil controls Guyana’s…
On the path to the presidency, Joe Biden wasn’t one to mince words with regards to his plans for the oil and gas business. When he was on…
Earlier this week, the International Energy Agency warned that oil markets were in a deficit that would deepen in the fourth quarter. The reason? Saudi and Russian cuts that were…
Back in 2008, Virgin Atlantic made history after flying a Boeing 747 between London and Amsterdam partly powered by a biofuel made from Brazilian babassu nuts and coconuts. Although…
The recent summit between the European Union (EU) and the Community of Latin American and Caribbean States (CELAC) in Brussels represented a timely opportunity for Europe to build…
China has maintained a strong rate of crude oil imports pretty much since the start of the year, but instead of turning oil markets bullish, it has only served to…
Crude oil prices ticked lower today after the Energy Information Administration reported an inventory build of 4 million barrels for the week to September 8. This compared with…
China imported in August record volumes of coal and the third-highest monthly amount of crude oil ever. But the recent surge in the imports of major commodities could be masking…
Last week, Brent crude topped $90 per barrel for the first time since last November, and WTI climbed to an 11-month high, too. The reason: Saudi Arabia and Russia said…