Texas has barred state entities,…
Slowly but surely, carmakers are…
Crude oil took a backseat to the natural gas market this week with prices soaring 7.52% since last week’s close and 16.35% since the close on May 27.…
This week’s key data for the oil and gas industry shows a small rebound in U.S. oil production after months of declines. While U.S. crude stocks continue to fall, we…
This week’s rig count by Baker Hughes shows the United States’ tally up by six rigs - the second week in a row the domestic count has…
Europe’s reluctance towards reliance upon Russian natural gas trade is no secret. It’s also no surprise, due to fallouts between Russia and Ukraine (a major transit country for…
Last month, the Israeli company that was authorized to drill in the $320 million Hatrurium oil reservoir in the Dead Sea confirmed that the find sat completely…
The troubles that Saudi Arabia has been facing due to the plunge in oil prices have been discussed many times, most recently when Saudi authorities ordered banks…
The latest Fortune 500 list has four oil majors in the top 100 – Exxon, Chevron, Marathon Petroleum, and ConocoPhillips – and another one, Devon Energy at…
There could be a growing shortage of skilled workers in the oil industry. That may seem counterintuitive in an industry that has been rapidly shedding workers, with more than 350,000…
According to consulting firm McKinsey, the current oil futures market is pointing to a coming balance between demand and supply—a balance which has the potential to render most…
The soon-to-be leaner Shell is set to reduce its overall geographic footprint and focus on going deeper, instead of farther. Shell’s chief executive Ben van Beurden outlined…
The EIA’s Short Term Energy Outlook is out. The data is in million barrels per day.…
With the release of Canadian banks’ second-quarter results, investors are beginning to measure the impact of the oil price collapse on the domestic financial industry. Widespread are the…
At this point, Bakken barely remembers what a drill bit looks like, and the shale boom that once dug at its landscape is now a fleeting memory. Almost…
This week’s key data from the oil and gas industry shows that outages in Nigeria and Canada, as well as a weakening dollar, have seen oil prices move past the…
Five hundred and twenty-two years after the Treaty of Tordesillas was signed, dividing Spain and Portugal, and crude is also in new territory today. As the gruesome twosome…
Late Monday, the Saudi Arabian cabinet gave its approval to the National Transformation Program, a plan aimed at diversifying the kingdom’s economy and steering it away from…
Last week saw the first significant increase in the number of active drilling rigs in the U.S. since the start of this year, suggesting that optimism is…
Tiny oil rich Norway might be the last country one would expect to give a huge boost to Tesla, yet it appears that the wealthy Nordic nation is…
The upcoming Cyprus bid round may be one of the best opportunities of the year — to build a new oil and gas empire. When the tiny Mediterranean…
With Saudi Riyal forwards plunging back below 3.81, dramatically weaker than the current peg, Bloomberg reports that Saudi authorities are cracking down on currency traders as speculation…