Despite experiencing a significant decline…
The shift in Fed Chair…
U.S. oil producers are facing debt of US$240 billion maturing until 2023, of which some 15 percent will be rated with the lowest rating of Caa, Moody’s said in a…
Oil prices recovered on Tuesday morning, with WTI breaking the $75 mark and Brent climbing above $85 per barrel. (Click to enlarge)
Two of the leading offshore drilling contractors have agreed to merge creating an industry-leading drilling contractor capable of working across all water depths with a truly global footprint.
Oil and gas field operators in the Gulf of Mexico began to evacuate platform staff and shut in production ahead of Hurricane Michael, which is expected to make landfall in…
Oil prices cooled off in recent days as fears of an acute shortage of supply stemming from sanctions on Iran started to subside. At least two companies in India have…
The debate about peak oil demand always tends to focus on how quickly electric vehicles will replace the internal-combustion engine, especially as EV sales are accelerating. However, the petrochemical sector…
Tesla’s competition is about to get more crowded next year with many legacy automakers and luxury brands launching a record number of battery electric vehicles and plug-in hybrids. All…
This week the State Department accused OPEC of hiding spare capacity exceeding 1.4 million barrels daily. It urged the cartel to use it to stop the oil price rally…
On Thursday, the state of California ramped up its challenge to new federal emissions standards pushed by the Trump Administration. A state official said that California is considering a formal…
It was a lazy summer for oil markets. From May through early August Brent crude oil prices fell from $80 to $70 as economic growth concerns overruled fears that the…
Filling in for Iran, Keeping a leash on MbS, Musk as a persona non-grata in Riyadh, Libya’s impossible elections … and more The billion-dollar question for the month is definitely…
Saudi Arabia is increasingly portrayed as a wayward actor intent on destabilizing everything it can get its hands on, uncomfortable about raising oil production despite U.S. warnings that the Saudi…
This last week in crude trading brought more of the same kinds of trending factors that we’ve been seeing over the last several months – and several of the key…
In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy sector. Each week we…
The oil price rally saw a correction on Thursday before stabilizing on Friday morning, and refinery maintenance season may soon add more…
Baker Hughes reported a dip of two in the oil and gas rig count in the United States this week, bringing the total number of active oil and gas rigs…
Venezuela has officially launched what its President Nicolas Maduro claims is a first state-backed oil-backed cryptocurrency, El Petro, which analysts and experts see as nothing but a scam and…
Drillers in the fastest-growing oil region in the United States face infrastructure issues beyond limited pipeline takeaway capacity or water and frac sand supply. Permian oil producers need a lot…
The U.S. midterm elections are only a few weeks away and a lot is at stake for the energy industry. It isn’t just the fate of the U.S. Congress that…
Oil jumped on Tuesday morning after a busy geopolitical weekend was compounded by a flood of bullish news on Monday afternoon. (Click to enlarge)…