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Energy / Energy-General

Oil Rally Hopes Crushed As Inventories Hit All-Time High

Jul 21, 2016 at 17:04 | Nick Cunningham

Oil prices sank on Thursday following fresh data showing oil and product stocks rising to an all-time high. The EIA released its weekly data on…

Russia Ramps Up Arctic Oil Production

Jul 21, 2016 at 16:46 | Irina Slav

Three export terminals on Russia’s Arctic coast shipped an average of 230,000 barrels of crude in the second quarter of 2016. This figure is almost equal…

Where Will Flight Technology Go Next?

Jul 21, 2016 at 16:39 | Michael McDonald

A common complaint about technological progress over the last few decades is summed up in the phrase “we were promised flying cars and got 140 characters”. There is…

Shale Drilling Set To Take Off In Argentina

Jul 21, 2016 at 15:07 | Qarnain Foda

Argentina has exceptional hydrocarbon reserves, but politics has greatly affected its development. The economy in Argentina is best described as a “pendulum”, going from loose economic…

How Much Does The U.S. Spend Per Day On Petroleum Products?

Jul 21, 2016 at 14:46 | Oil & Gas 360

Every day in 2015, the United States spent $991 million on petroleum consumption, the lowest daily total since 2008. Consumption levels in the U.S. have decreased…

Crude Charges Lower On Elevated Inventories

Jul 21, 2016 at 12:50 | Matt Smith

After a mixed bag of economic data, crude is charging lower, with a hangover from yesterday’s inventory report and on ongoing concerns of bloated inventories. Hark, here are…

Trump Considers Continental Resources’ Harold Hamm for DOE Pick

Jul 21, 2016 at 10:47 | Charles Kennedy

With the Republican National Convention wrapping up this week, Republican presidential candidate Donald Trump is considering nominating one notable fracking CEO to become his Secretary of Energy if…

This Is How Elon Musk Plans To Dominate Global Transportation

Jul 21, 2016 at 10:25 | Irina Slav

It’s out. The second part of Elon Musk’s Top Secret Master Plan has been published on the Tesla website. The much-awaited document gave rise to a…

Pokémon Go Fuels Norway’s “Oil Fund”

Jul 21, 2016 at 09:22 | Erwin Cifuentes

A key Norwegian pension fund that helps power investment into the national oil sector has allegedly earned at least US$148 million (NOK1 billion) from the global Pokémon Go…

Is Gas The Future? Shell Seems To Think So

Jul 20, 2016 at 14:35 | Gregory Brew

The world’s second largest private oil company sees a new future, and it’s not in oil. Shell has made a concerted effort to shift the bulk of its business…

Lunar Drilling: The Resource Race For The Moon Is On

Jul 20, 2016 at 14:34 | Irina Slav

The race for the Moon is on. Nobody is really sure exactly what resources are located on the Moon, or how vast they are, but a growing number…

Why Big Oil Is Still A Good Bet For Investors

Jul 20, 2016 at 14:23 | Michael McDonald

Investors getting cold feet about the spiking price of Big Oil stocks over the last year may risk missing out on further gains, according to…

Oil Industry CEO Claims Democrats Have Done More For Oil

Jul 20, 2016 at 13:07 | Lincoln Brown

With the Republican National Convention set to wrap up on Thursday, and the Democratic National Convention getting ready to kick off in Philadelphia next week, one prominent oil…

Oil Rebounds After Testing Two Month Lows

Jul 20, 2016 at 12:39 | Matt Smith

Crude prices have reversed losses post-inventory report, despite a bearish build to gasoline stocks. As crude tries to clamber away from key technical support, hark, here are five…

Are Energy Junk Bonds Worth The Risk?

Jul 20, 2016 at 11:25 | Michael McDonald

The energy economics picture is starting to diverge across the sector. Some of the more efficient oil producers, especially onshore frackers, are slightly profitable at current oil prices.…

Halliburton Reports $3.2 Billion Loss, But Sees Activity Picking Up

Jul 20, 2016 at 11:01 | Charles Kennedy

Halliburton reported its second quarter earnings on Wednesday, revealing a huge loss of $3.21 billion, or $3.73 per share. That compares to net income of $54 million…

Oil Markets Panic After EIA Reports Surging Gasoline Inventories

Jul 20, 2016 at 10:00 | Irina Slav

Commercial crude oil stockpiles in the U.S. fell by 2.3 million barrels in the week to July 15, the Energy Information Administration reported. This is a rare…

Trump vs Clinton: How Will Energy Fare?

Jul 19, 2016 at 16:50 | Nick Cunningham

The Republican National Convention is underway and the Democrats will host their version next week. While countless articles have been written about the differences between the…

Did Oil Kill The Dinosaurs?

Jul 19, 2016 at 16:24 | Michael McDonald

What killed the dinosaurs? It’s a question as old as – well the dinosaurs themselves, and one that everyone from school children to scientists have been asking for…

Oil Traders Move Into Bitumen Markets

Jul 19, 2016 at 15:30 | Rakesh Upadhyay

The global bitumen market is forecast to grow at a Compound Annual Growth Rate (CAGR) of four percent between 2015 to 2020, and the world’s largest…

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