Russia continues its assault on…
An earthquake in Taiwan caused…
The state of Texas now has even more bragging rights in the U.S. Oil Patch, and even globally According to a new report from the Texas Independent Producers Royalty…
Oil prices rose on Tuesday afternoon as Saudi Arabia pledged deeper cuts in March while its biggest partner in the deal, Russia has failed to commit to its part of…
It has now been over two months since Qatar made the decision to leave OPEC, with many analysts providing informed views on Qatar’s future energy strategy. This article…
Saudi Arabia plans to reduce its crude oil production further, to 9.8 million bpd in March, Energy Minister Khalid al-Falih said in an interview for the Financial Times. This…
U.S. shale drilling activity is set to slow this year as companies respond to lower oil prices. However, a lower WTI price is not the only reason for…
Rosneft’s chief executive Igor Sechin wants Russia to quit its production control deal with OPEC, Reuters reported last week, citing sources that have seen a letter Sechin wrote to…
As the oil supermajors surpassed estimates with strong Q4 and 2018 earnings, Shell beat Exxon—for a second year running—to affirm itself as Big Oil’s biggest cash flow generator. Shell, which…
Venezuela’s oil industry has been in a tailspin in recent years, with the country’s crude oil production falling from 2.4 million barrels per day (bpd) in 2015 to only 1.34…
Due to tighter supply of medium and heavy sour crude oil, Middle Eastern benchmarks for sour crude grades have been trading higher than Brent Crude prices since the beginning of…
The Green New Deal, (GND) a catch-all composite of environmental and social welfare programs, led by Member of Congress Alexandra Ocasio-Cortes (D-NY) and Senator Ed Markey (D-MA) calls for “a…
Legislation targeting OPEC is suddenly gaining steam in the U.S. Congress, raising alarm bells for the cartel. On Thursday, the House Judiciary Committee passed a bill that would allow the…
Last week a hefty package of $3.5 billion worth of tax cuts were granted to the struggling state oil company Petroleos Mexicanos (Pemex) to be spread over the next six…
Electric vehicles (EVs) are becoming more and more popular in most industrialized countries. Although conventional cars claim 99 percent of the market, the announcement of substantial investments by…
Oil prices failed to break out on Friday, as traders showed themselves cautious, voicing concerns about global economic growth. (Click to enlarge)
Baker Hughes reported an increase in the number of active oil and gas rigs in the United States this week. The total number of active oil and gas drilling rigs…
Rival army forces—one loyal to the UN-backed Libyan government and another to a strongman from the east—are fighting for control over Libya’s largest oil field, Sharara, which has been…
Crude oil prices fell slightly today in Asia as traders continued with caution amid persistent worries about global economic growth and the chances of the United States and China agreeing…
Despite the crisis in Venezuela, which could shut in a lot more oil supply, global crude prices have been mostly flat for two weeks. Oil traders have weighed prospect of…
‘King Coal’ dominated the energy mix during the industrial revolution of the 19th century. The replacement of the steam engine by the internal combustion engine made oil the most important…
Tesla says that a new AAA study on electric vehicle (EV) range in icy or hot temperatures has shown results inconsistent with the experience of Tesla drivers and that the…