Tesla is laying off over…
China’s massive annual additions of…
U.S. shale has provided that…
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,…
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…
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…
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…
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:…
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…
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…
Activity in the Permian is higher than in any other U.S. resource play by nearly all measures. A quick look at nationwide…
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…
“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…
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…
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 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…
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…
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…
Oil prices traded sideways on Tuesday morning but were slightly up on Tuesday afternoon ahead of this week's inventory reports. (Click to…
It is a quiet day in the oil market, with a wee bit of movement in the dollar offsetting the ongoing helium-like influence of OPEC. We get another set of…
OPEC will wait until after the U.S. presidential election on November 8 before deciding whether it will invite the US head of state to attend the cartel’s Vienna meeting on…
As we reported last week, just as OPEC announced a new monthly production record, with total output rising by 220kbpd to a record 33.4mmbpd...
Saudi Arabia pumped a daily average of 10.63 million barrels of crude in August, a 400,000 bpd decline on peak production in July, prompted by seasonally high demand. Exports…