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Texas Takes a Stand Against the Radical ESG Agenda

Texas Takes a Stand Against the Radical ESG Agenda

Texas has barred state entities,…

Reason Begins To Reassert Itself in EV Space

Reason Begins To Reassert Itself in EV Space

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Energy / Energy-General

Why The Natural Gas Rally Isn’t Over Yet

Jun 10, 2016 at 15:52 | Jim Hyerczyk

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.…

Oil Is Set To Rally Beyond $50

Jun 10, 2016 at 14:20 | Evan Kelly

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…

$50 Oil Has U.S. Rig Count Increasing For 2nd Week In A Row

Jun 10, 2016 at 13:21 | Zainab Calcuttawala

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 Final Hope For Energy Independence From Russia

Jun 09, 2016 at 16:30 | Jonathan Hoogendoorn

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…

Lebanon Losing The Levant Basin Battle By Default

Jun 09, 2016 at 16:20 | Zainab Calcuttawala

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…

Saudi Arabia To Tax Foreign Residence As Oil Crisis Continues

Jun 09, 2016 at 13:12 | ZeroHedge

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…

Only Five Oil Majors Make The Fortune 500 List

Jun 09, 2016 at 11:09 | Irina Slav

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…

After 350,000 Layoffs Oil Companies Now Face Worker Shortages

Jun 08, 2016 at 17:40 | Nick Cunningham

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…

The Oil Futures Market Tells Us The Glut Is Over

Jun 08, 2016 at 16:15 | Rakesh Upadhyay

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…

Shell Unveils New Strategy: ‘Leaner and Deeper’

Jun 08, 2016 at 15:32 | Irina Slav

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…

EIA Projects An Increase In Global Oil Supply

Jun 08, 2016 at 15:06 | Ron Patterson

The EIA’s Short Term Energy Outlook is out. The data is in million barrels per day.…

How Hard Did The Oil Crash Hit Canadian Banks?

Jun 08, 2016 at 13:07 | Soberlook.com

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…

An Oil Price Rebound Is Not Enough For The Bakken

Jun 07, 2016 at 16:28 | Irina Slav

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…

Is The Oil Rally Now Set To Continue?

Jun 07, 2016 at 13:36 | Evan Kelly

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…

Oil Prices Stimulated By Fed’s Inaction

Jun 07, 2016 at 11:01 | Matt Smith

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…

Saudi Cabinet Green Lights $141B Oil Diversification Plan

Jun 07, 2016 at 09:28 | Lincoln Brown

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…

Permian Springs To Life With $50 Oil

Jun 06, 2016 at 16:12 | Irina Slav

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…

Norway Set To Ban Fossil Fuel Cars In 2025

Jun 06, 2016 at 16:01 | Michael McDonald

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…

Why This Mega NatGas Project Might Not Go To The Oil Majors

Jun 06, 2016 at 15:53 | Dave Forest

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…

Saudi Authorities Panic As Speculators Drive Currency Down

Jun 06, 2016 at 15:07 | ZeroHedge

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…

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