The shift in Fed Chair…
Drexel University researchers successfully tested…
Japanese wholesale oil traders are starting to wind down their Iranian oil orders ahead of the November 4 deadline when U.S. sanctions against Tehran are set to kick in. Other…
U.S. West Texas Intermediate crude oil futures posted a volatile two-sided trade this week before turning decisively lower for the week. Volume was light at the start of the week…
Oil prices slipped this week as unexpected builds in gasoline inventories due to a drop in demand with driving season coming to an end.
Baker Hughes reported no change to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs held at 1,048 according to the…
Two months before the U.S. sanctions on Iranian oil exports go into effect, Asian refiners and traders are beginning to line up their purchases for cargo loadings for November. On…
The outcome of Brazil’s upcoming presidential election is astoundingly unclear, with scenarios that range from a winner from the far-right, center or left. The energy industry is certainly not at…
Iran’s oil exports have been falling much faster than expected, but Tehran is hoping to avoid the worst, deploying some creative solutions to keep exports from crashing too much. Iran’s…
As OPEC has been easing the production cuts, the cartel’s crude oil production hit a 10-month high in August, as Iraq including Kurdistan pumped at record levels and Libya recovered…
Algeria has survived the decade of political turmoil, with Arab Spring revolutions subverting authoritarian leaders across the Maghreb, largely unscathed. Popular unrest was swiftly quelled by government handouts and thereafter…
After reporting a 2.6-million-barrel inventory draw last week, the Energy Information administration this week had more good news for oil bulls, estimating that crude oil inventories to have gone…
A total 48 offshore platforms in the Gulf of Mexico were evacuated because of Hurricane Gordon as of Wednesday, with almost 160,000 bpd of crude oil production shut in along…
Many think that debt and negative cash flow by U.S. shale companies will crash the global financial system. I believe the opposite is more likely, that a developing financial crisis…
Are oil and gas executives paid based on luck? That’s the premise of a new paper from the Energy Institute at Haas, which looks at the link between executive…
Seven years after South Sudan became independent, leaving behind a sanguinary civil war, it finally reached the point where it places its bets on development and not on incessant internal…
The recent gains in WTI and Brent were a treat for investors and a boon for oil bulls. The original catalyst for this most recent rally was a bullish inventory…
Despite a discount of more than US$20 a barrel between Canadian crude and WTI, drillers in Alberta are upbeat about the immediate future and plan to boost their drilling…
Goldman Sachs has warned that intensifying competition on the EV market plus Tesla’s high debt load would make life for the company more difficult in the future, CNN reports,…
The escalating trade spat between China and the United States has started to worry Middle Eastern oil producers, who expect the dispute to hurt China’s oil imports alongside a rising…
As the crude powerhouse that is Texas’ Permian Basin becomes old news, oil explorers are looking for the next big thing--and they have found it in the more-than 4000 feet…
Pipeline capacity constraints in the Permian are affecting not only surging oil production. There’s a shortage of natural gas pipelines as well, and operators across West Texas and New Mexico…