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Energy

The Power To Make Or Break Nations—The World’s $1.7 Trillion Oil Business

Oct 20, 2016 at 15:55 | Zainab Calcuttawala

The oil bust, today’s volatile market and relentless OPEC chatter, it’s easy to lose sight of the fact that the oil market—even at current valuations—is somewhere near the $1.7 trillion…

Can Libya’s Oil Rescue It From Economic Collapse?

Oct 20, 2016 at 13:56 | Irina Slav

Libya has been teetering on the edge of economic collapse for a couple of years now, and may have just made a narrow escape, right when the World Bank issued…

The UK’s Oil And Gas Ultimatum: Exploration Or Bust

Oct 20, 2016 at 13:45 | Precise Consultants

Here's something that most of you probably knew but didn't really want to see written in a report: the number of jobs in the UK's oil and gas sector has…

Oil Prices Cool Down Amid Tanking U.S. Crude Imports

Oct 20, 2016 at 12:00 | Matt Smith

As yesterday's exceedingly mixed weekly EIA report is digested, oil prices are unwinding a good deal of yesterday's knee-jerk rally. As dollar strength further encourages crude lower, hark, here are…

‘’Russia Could Add Another 4 Million Bpd To Daily Output’’

Oct 20, 2016 at 10:00 | Irina Slav

Russia could boost its already record-high crude oil production by another 4 million barrels daily, said Rosneft’s head Igor Sechin. Sechin, speaking at the 5th Eurasian forum in Verona,…

Does This Secret $150 Million Payment Show A Coal Rebound Coming?

Oct 20, 2016 at 09:29 | Dave Forest

Big week for coal. With prices for Australian thermal jumping above $100 per tonne for the first time since 2012. That marks a 100% rise in thermal coal since…

Why Oil Could Head Back To $90 Sooner Than Thought

Oct 19, 2016 at 16:22 | Peter Tertzakian

I don’t know much about fashion, but I have heard that blue is the new black. And I know that by the time I buy blue, everyone else will be…

A Glimpse Into Saudi Arabia’s Secret Oil Strategy

Oct 19, 2016 at 16:21 | Tsvetana Paraskova

Faced with an oil glut that is not expected to draw down until late into 2017 and that is depleting oil-dependent government coffers, OPEC is currently seeking ways – again…

Gazprom Feels The Pressure Of Low Gas Prices

Oct 19, 2016 at 16:08 | Irina Slav

Gloom and doom has been the dominant mood on international gas markets for a while now, and the latest news from Russia is likely to add fuel to the pessimism:…

Oil Executives Have Little Appetite For Deepwater Drilling

Oct 19, 2016 at 16:03 | Nick Cunningham

With oil prices potentially set to stay low for years to come, the future of deepwater drilling is very much up in the air. The world’s top oil executives have…

Exxon CEO Contradicts Other Oil Executives: Doesn’t Expect Supply Crunch

Oct 19, 2016 at 15:55 | Zainab Calcuttawala

New sources of oil will prevent a supply crunch in the next few years, according to the CEO of ExxonMobil, who also added that it was unlikely that output from…

Why Permian Prices Will Keep Breaking Records

Oct 19, 2016 at 14:42 | Drilling Info

Activity in the Permian is higher than in any other U.S. resource play by nearly all measures. A quick look at nationwide…

Oil Prices Close To One Year Highs On Bullish Inventory Report

Oct 19, 2016 at 12:42 | Matt Smith

Oil is closing in on the highs for the year in response to a surprise draw to crude inventories (all paths lead back to energy, all inventory surprises lead back…

Saudi Oil Minister: Non-OPEC Producers Are Ready To Join Output Cut

Oct 19, 2016 at 10:59 | Irina Slav

“Many countries” outside OPEC are willing to join the negotiations on a crude oil production reduction initiated by the cartel last month. That’s what Saudi Arabia’s oil minister Khalid al-Falih…

Oil Gains After EIA Reports Strong Draw To Crude Inventories

Oct 19, 2016 at 09:58 | Irina Slav

A day after the API reported an unexpected draw in U.S. oil inventories and a few hours after Saudi Arabia’s Oil Minister said that non-OPEC producers were discussing a production…

Is Russia Unleashing A ‘’Resource War’’ With This Recent Slate Of Deals?

Oct 19, 2016 at 09:34 | Dave Forest

Huge deals struck in both the energy and mining sectors this past week — with one rising nation at the hub of them all. Russia. Russian resource firms kicked off…

Oil Bulls Return To The Market Despite Bearish Fundamentals

Oct 18, 2016 at 16:50 | Nick Cunningham

Oil speculators and a few major investment banks have suddenly turned bullish on crude prices, betting that the rally above $50 per barrel has more room to run. "Global oil…

EIA’s Contradictory Oil And Gas Predictions For 2017

Oct 18, 2016 at 16:36 | Gregory Brew

Monday’s drilling productivity report from the EIA shows the agency’s somewhat pessimistic expectations for domestic U.S. production. From October to November, the EIA estimates total new-well oil production in…

Is This The End Of The Road For Apple’s Self-Driving Car?

Oct 18, 2016 at 16:19 | Irina Slav

Apple has all but thrown in the towel on its self-driving car endeavors. Its project Titan, which was supposed to release a fully autonomous vehicle in the early years of…

OPEC Deal Still Wobbly, But Oil Investment Takes Off

Oct 18, 2016 at 14:06 | Evan Kelly

Oil prices traded sideways on Tuesday morning but were slightly up on Tuesday afternoon ahead of this week's inventory reports. (Click to…

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