Apache, Marathon Oil Corp. and…
Researchers at the University of…
“The rebalancing of the oil market has likely been achieved, six months sooner than we had expected.” Goldman Sachs (NYSE:GS) dramatically revised its outlook for oil in 2018, saying…
Volkswagen Group (OTCMKTS:VLKAY) is feeling the vise grip tighten with accusations about its role in testing toxic diesel fumes on monkeys and humans. The German automaker, along with BMW…
Shale companies continue to drill at a frenzied pace, adding rigs and breaking U.S. oil production levels with each passing week. Yet, the oil production is becoming increasingly geographically concentrated.…
It may sound counterintuitive, but higher crude oil prices have proved to be a boon for the renewable energy industry, at least when it comes to adoption of clean energy…
After years of healthy trade in crude oil and petroleum products between Iran, Qatar and Asian customers, the tide seems to be turning. This week, figures emerged showing a decline…
For yet another month, analysts raised their average forecasts for oil prices this year—expecting WTI Crude to average $58.11 a barrel—but warned that Brent Crude is unlikely to rise much…
The price differential between WTI and Brent has suddenly narrowed, putting the U.S. export boom at risk. For much of last year, the two crude oil benchmarks traced one…
M&A activity in the oil and gas industry picked up last year after three depressed years of underinvestment while the industry fought for its life, and this year the increase…
Oil production from Russia’s Arctic region increased in 2017 as new onshore developments and the only offshore producing platform ramped up production. But challenges in Russia’s arctic remain. Last year,…
The spike in Friday’s rig count has rekindled some old concerns regarding the acceleration of shale drilling, putting downward pressure on oil prices. (Click…
Texas is set to break its oil production record this year, but the oil industry’s drive to cut costs and increase efficiencies is now enabling drillers to pump record volumes…
International media sources are once again falling over each other by reporting that the eagerly awaited Aramco IPO is no longer on track for 2018. Certain rumors and interpretations are…
J.P. Morgan beat all other investment banks in their forecasts for the price of Brent crude this year, setting its projection at US$70 a barrel. To compare, the second…
The 1950s were a turbulent time on both sides of the Iron Curtain. With the Second World War over and the star role played by crude oil in its outcome,…
Echoing the criticism of too much hype surrounding U.S. shale from the Saudi oil minister last week, a new report finds that shale drilling is still largely not profitable.…
Tesla is looking to secure additional supplies of lithium from a key source country, and is in early talks with the biggest lithium producer in Chile to invest in supply…
Texas is set for another oil boom, with production this year expected to hit a record high. That’s according to Karr Ingham, the oil economist who created the Texas…
This has got to be my favorite part, where the pundits, bank analysts and columnists start to (quietly) revise their views on the oil markets. One after one, they’re losing…
Mexico’s energy reform that ended a state monopoly has so far fared fairly well in the upstream sector, with oil majors snatching up offshore oil blocks in auctions. In the…
Natural gas inventories plunged by 288 billion cubic feet (Bcf) for the week ending January 19, another massive decline that has tightened supplies and pushed up prices. Total gas…