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Energy / Energy-General

U.S. Oil Rig Count Continues To Rise Despite Saudi Warnings

Mar 24, 2017 at 13:01 | Zainab Calcuttawala

The United States oil rig count jumped by 21 this week, to its highest level since September 2015, according to Baker Hughes’ latest rig on domestic drilling activity. The…

TransCanada Gets Presidential Permit To Build Keystone XL

Mar 24, 2017 at 12:49 | Tsvetana Paraskova

TransCanada Corporation said on Friday that the U.S. Department of State had signed and issued a Presidential permit authorizing the company to construct and operate the Keystone XL pipeline.…

ExxonMobil Just Got Hit By This Fast-Rising New Energy Problem

Mar 24, 2017 at 10:59 | Dave Forest

Big developments this week on a new challenge quickly rising for the energy industry… and beyond. Climate change reporting. ExxonMobil lost a key decision in an ongoing climate change battle…

U.S. Electric Grid Could Cost $5 Trillion To Replace

Mar 23, 2017 at 16:14 | Tsvetana Paraskova

Since Nikola Tesla and George Westinghouse lit up Buffalo from Niagara Falls at the end of the 19th century, electricity has been an integral part of American life, heating…

Venezuela In Dire Straits As Oil Production Falls Further

Mar 23, 2017 at 16:06 | Nick Cunningham

Venezuela’s economic crisis continues to deepen. The South American OPEC member is thought to be sitting on nearly 300 billion barrels of oil, far more than any other country…

The Upcoming Surge In U.S. Oil Demand Explained In One Chart

Mar 23, 2017 at 16:06 | Peter Tertzakian

Wow. It’s not often a chart can say so much about human behavior, economic theory, oil consumption and maybe even the future of energy all in one spreadsheet column. For…

Will Russia Ditch Its Ambitious Oil Tax Reform?

Mar 23, 2017 at 16:05 | Viktor Katona

2018 was supposed to be a transformative year in Russia – presidential elections are looming, the Russian economy is expected to bust out of its current slump and the oil…

Energy Market Deregulation: Be Careful What You Wish For

Mar 23, 2017 at 13:28 | Jared Anderson

U.S. oil and gas companies are licking their chops over the prospect of deregulation, but they could be faced with too much of a “good thing.” Historically low natural gas…

Tech Miracle In U.S. Shale Is A Media Myth

Mar 22, 2017 at 17:17 | Arthur Berman

I am tired of hearing about the unbelievable impact of technology on collapsing U.S. shale production costs. The truth is that these claims are unbelievable. The savings are real but…

OPEC Out Of Moves As Goldman Sachs Expects Another Oil Glut In 2018

Mar 22, 2017 at 15:58 | Nick Cunningham

Oil prices are heading down again on swelling U.S. crude oil inventories, with Brent dropping below $50 per barrel for the first time this year. The OPEC deal that has…

Busting A Myth: U.S. Dollar Impact On WTI

Mar 22, 2017 at 15:56 | Brian Noble

How many times have you seen this: “Because the U.S. dollar is the quoted currency in oil, a stronger dollar buys more oil per dollar and causes the price…

Vital Oil Shipping Lane Becomes Target In Yemen’s Civil War

Mar 22, 2017 at 15:56 | Zainab Calcuttawala

Yemen’s strategic Red Sea port, through which some 4 million barrels of oil flow daily to Middle Eastern markets, is becoming a focal point in the proxy war between Saudi…

Saudis Bet Big On Houston As Drilling Activity Picks Up

Mar 22, 2017 at 15:52 | Tsvetana Paraskova

A Saudi logistics company has just opened a Houston office to seize the opportunity to ship increased volumes of oilfield and plant construction equipment to the Port of Houston as…

Are Banks About To Derail The New U.S. Shale Boom?

Mar 22, 2017 at 14:36 | Irina Slav

Just when international oil benchmarks are sliding down, banks are preparing to review the credit lines of U.S. E&Ps. Starting in April, lenders will reassess companies’ creditworthiness on the…

Oil Prices Continue To Face Pressure From Brimming Inventories

Mar 22, 2017 at 13:59 | Matt Smith

Crude is heading lower today after a solid build to crude inventories from the weekly EIA inventory report. As U.S. inventories climb to a new record high, crude is having…

How OPEC Shot Itself In The Foot

Mar 22, 2017 at 11:38 | ZeroHedge

At the start of March, we showed a fascinating chart from Rystad Energy, demonstrating how dramatic the impact of technological efficiency on collapsing U.S. shale production costs has been:…

An OPEC Deal Extension Isn’t As Simple As It Sounds

Mar 21, 2017 at 15:55 | Tsvetana Paraskova

It’s been six months now that oil prices have been reacting to OPEC, first to the possibility of an agreement, and then to the production cut deal itself, forged by…

Can Big Oil Survive A CO2 Crackdown?

Mar 21, 2017 at 15:54 | Nick Cunningham

Over the long run, the oil business is under threat. There are various arguments about why that might happen. Peak supply people argue we are running out of oil. Peak…

Trump’s Budget: Valuing Military Over Energy

Mar 21, 2017 at 15:50 | Nick Cunningham

Last week President Trump unveiled his budget blueprint, which detailed savage cuts to most areas of discretionary spending while boosting defense outlays by a whopping $54 billion. Nearly all…

Why Shell’s Oil Sands Sell Off Is Great News For Canadian Oil

Mar 21, 2017 at 15:49 | David Yager

There was a time when if a Canadian exploration and production (E&P) company bought out a foreign-controlled competitor, it was not only good for the country but financially beneficial because…

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