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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Self-Heating Concrete Paves the Way for Easier Winters

Self-Heating Concrete Paves the Way for Easier Winters

Drexel University researchers successfully tested…

Why Do Gasoline Prices Rise in Spring?

Why Do Gasoline Prices Rise in Spring?

Spring brings higher gas prices…

Energy / Energy-General

Will Lebanese Oil And Gas Ignite The Country?

Feb 09, 2017 at 13:55 | Scott Belinksi

While the Eastern Mediterranean is well known for its major (and underexploited) gas reserves, Lebanon is the latest country in the region to join the oil rush, after Egypt’s…

Is Papa Too Late To The Permian Party?

Feb 09, 2017 at 13:51 | Tsvetana Paraskova

Veteran oil industry executive Mark Papa is back in the game and heading to the hottest shale play – the Permian – but he may be a little late to…

Nigeria Rescues Oil Tanker From High-Seas Pirates

Feb 09, 2017 at 13:06 | Damir Kaletovic

The Nigerian Navy has rescued an oil tanker from pirates near Bonny Island, even as the number of high-seas hijackers is at an 18-year low, according to the International…

Are These OPEC Members Sabotaging The Output Deal?

Feb 08, 2017 at 16:33 | Nick Cunningham

OPEC provide a shot in the arm for oil prices this week when S&P Global Platts reported a much higher than expected compliance rate for the month of June. So…

Can Natural Gas Rescue Algeria’s Ailing Economy?

Feb 08, 2017 at 16:01 | Zainab Calcuttawala

Algeria is paving the way for a stronger natural gas export profile in Europe, building off of preexisting relationships with Spain, Italy and Portugal, Forbes reported earlier this year.…

The Unlikely Alliance Between Trump And Saudi Arabia

Feb 08, 2017 at 14:52 | Precise Consultants

An unlikely supporter of U.S. President Donald Trump’s energy policies spoke out this week, and it’s really appropriate in this mad mad word of alternative facts and logic be damned,…

Time Bomb In Oil Markets: Goldman Sachs Issues Warning

Feb 08, 2017 at 11:54 | ZeroHedge

While energy traders remain focused on weekly changes in crude supply and demand, manifesting in shifts in inventory of which yesterday’s API data and today’s EIA data was a breathtaking…

It’s Time For Big Oil To Embrace The Digital Age

Feb 07, 2017 at 16:05 | Irina Slav

The 2014 oil price bust very quickly changed the agenda of the oil industry, prioritizing efficiency as a tool of keeping costs down. This emphasis on efficiency was the best…

Plunging Refining Margins See Oil Majors Disappoint In Q4

Feb 07, 2017 at 15:47 | Nick Cunningham

The fourth quarter of 2016 was a massive disappointment for the oil majors. Almost without exception, all of the largest publicly-traded oil companies in the world posted highly disappointing numbers,…

Latin America Growing More Dependent On U.S. Oil

Feb 07, 2017 at 14:15 | Michael McDonald

Crude production has slowed in parts of Latin America as oil majors struggle to pump for profits. Mexico and other Latin American countries have been relying more heavily on the…

Markets Remain Bullish On Oil Despite Growing Risks

Feb 07, 2017 at 14:05 | Evan Kelly

OPEC reportedly achieved a 91 percent compliance rate this week, with speculators reacting by amassing yet more bullish bets. The downside risk continues to grow in the short term however.

Electric Vehicles Will Be A Major Oil Price Driver In The Future

Feb 07, 2017 at 11:05 | Ron Patterson

Oil output (crude plus condensate or C+C) is likely to peak by 2020 (or may have peaked already in 2015 or 2016). Electric Vehicles (EVs) and Plugin hybrid electric vehicles…

Oil Markets On A Knife Edge Despite 91% OPEC Compliance

Feb 06, 2017 at 15:27 | Nick Cunningham

The first month of the six-month OPEC deal is in the books and the early signs suggest that the oil group is thus far coming close to delivering on its…

Iran’s Oil Industry Unshaken By New Sanctions

Feb 06, 2017 at 15:13 | Zainab Calcuttawala

Days after Iran tested a ballistic missile in a northern desert, newly-inaugurated U.S. President Donald Trump imposed sanctions on individuals associated with the program producing non-nuclear rockets capable of reaching…

Rise In Nationalism Could Set Oil Industry Up For A Surprise

Feb 06, 2017 at 14:35 | Dave Forest

Much of this week's resource news was driven by politics. The biggest development being the Philippines' mine ban, with protectionist moves in U.S. oil and gas also having critical implications…

Saudis To Raise $10 Billion Ahead Of Aramco IPO

Feb 06, 2017 at 13:32 | Tsvetana Paraskova

Saudi Arabia’s oil giant Saudi Aramco has hired four banks as advisers to its first bond sale, possibly by June this year, ahead of a planned initial public offering next…

Gasoline Glut Could Ruin The Oil Price Party

Feb 03, 2017 at 18:00 | Nick Cunningham

Oil and refined products inventories in the U.S. continue to climb at a worrying pace, raising some red flags for an oil market that was supposed to be on the…

Will Trump’s Border Tax Plan Include A Loophole For Mid-East Allies?

Feb 03, 2017 at 17:48 | Irina Slav

A border adjustment to income tax that will see imports in the U.S. become more costly may need to be, well, adjusted, lest the country loses some key allies in…

Gasoline Prices Could Rise 30 Cents Because Of Border Tax

Feb 03, 2017 at 17:38 | Tsvetana Paraskova

The border adjustment tax proposal in House Republican’s tax reform blueprint is widely seen as benefiting U.S. oil producers because it would exempt exports and tax imports. But while…

UAE Starts Execution Of $163 Billion Energy Transformation Program

Feb 03, 2017 at 17:30 | Oxford Business Group

In early January Sheikh Mohammed bin Rashid Al Maktoum, vice-president and prime minister of the UAE and ruler of Dubai, unveiled the UAE Energy Plan 2050, which aims to…

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