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Saudi Aramco Boosts Dividends Despite a Significant Decline in Profits

Saudi Aramco Boosts Dividends Despite a Significant Decline in Profits

Despite experiencing a significant decline…

Saudi Arabia’s Non-Oil Revenue Hits 50% Of GDP

Saudi Arabia’s Non-Oil Revenue Hits 50% Of GDP

Saudi Arabia’s Ministry of Economy…

Energy

The Economics Of Fracking For The UK

Jul 01, 2015 at 16:33 | Michael McDonald

As Great Britain considers its future and the role that shale gas may play, it’s worth trying to understand the economic impact that greater shale development…

Alberta’s Government Kicking Oil Industry While It’s Down

Jul 01, 2015 at 16:18 | James Stafford

The new government in Alberta is much less friendly to the fossil fuel industry than the conservatives it recently swept out of office after forty years…

Ukraine Stops Buying Russian Gas After Disagreement On Prices

Jul 01, 2015 at 11:12 | ZeroHedge

It has been a bad day for deals and deadlines all around: first Greece is about to enter July without a bailout program and in default…

Arctic Drilling Future Now Rests On One Well

Jul 01, 2015 at 11:02 | Charles Kennedy

Royal Dutch Shell is nearing a start to drilling in the Arctic, but has run into some hiccups. The U.S. government decided that Shell cannot actually…

EIA Data Still Doesn’t Add Up

Jun 30, 2015 at 15:49 | Leonard Brecken

As initially pointed out by Peakoilbarrel.com in a recent article, discrepancies between actual data for oil production in Texas vs. what the EIA claims are so stark it’s almost…

Oil Faces Steep Downside Risk From China’s Stock Market

Jun 30, 2015 at 15:23 | Nick Cunningham

Oil markets face a lot of downside risk – high crude oil inventories in both the U.S. and Europe, resilient production from U.S. shale, increasing output…

Mexico Moving Forward With Major Natural Gas Pipeline

Jun 30, 2015 at 15:00 | Alexis Arthur

On June 22, Mexico’s Federal Electricity Commission (CFE) announced it would tender a new round of 24 energy infrastructure projects totaling $10 billion, including a $3…

Top Shale Takeover Targets

Jun 30, 2015 at 14:08 | Michael McDonald

In spite of all the talk about the fall in oil prices leading to greater mergers and acquisitions activity, so far the sector has been relatively…

Midweek Sector Update: Bearish Signs For Oil From Europe

Jun 30, 2015 at 13:09 | Evan Kelly

Brazil’s Petrobras has slashed its capital spending program for the next five years, cutting it by 37 percent in an effort to stop the hemorrhaging of its balance sheet.…

How U.S. Shale Is Refusing To Bow To Saudi Pressure

Jun 30, 2015 at 12:05 | Soberlook.com

In 2014 the Saudis could no longer accept the loss of crude oil market share as the North American production levels shot up sharply over a…

Is Iran A Worthy Gamble For The Oil Majors?

Jun 30, 2015 at 09:43 | Nick Cunningham

The deadline for the negotiations over Iran’s nuclear program is finally here, raising the possibility that the OPEC member could finally see sanctions removed from its…

Current Oil Price Slump Far From Over

Jun 29, 2015 at 17:43 | Arthur Berman

The oil price collapse of 2014-2015 began one year ago this month (Figure 1). The world crossed a boundary in which prices are not only lower…

Brazil A Victim Of Oil Prices And Its Own Hype

Jun 29, 2015 at 16:56 | Nick Cunningham

Low oil prices and a massive scandal in Brazil threaten the country’s ability to fulfill its expected role as a source of future oil growth. Brazil…

Oil Production Vital Statistics July 2015 – Equilibrium Reached

Jun 29, 2015 at 16:16 | Euan Mearns

During May and June the oil price has stabilized and both WTI and Brent spot prices have converged on $60 / bbl; the US…

The Coming Financial Apocalypse For U.S. Shale

Jun 29, 2015 at 14:43 | Gaurav Agnihotri

With the price of both Brent and WTI hovering around $60 per barrel, the short to medium term outlook for oil remains uncertain, owing to the…

How Greece Crisis Could Drag Oil Prices Down

Jun 29, 2015 at 09:56 | Charles Kennedy

The Greek tragedy is reaching its climax. The discussions between Greece and its European creditors broke down over the weekend, with the two sides still at…

Nature Provides Novel Solution To Energy Storage Problem

Jun 26, 2015 at 17:47 | Gaurav Agnihotri

An effective energy storage technology is turning out to be the Holy Grail for the renewables sector as the world is slowly but steadily embracing clean energy in favor of…

Demand Response Key To Utilities’ Survival

Jun 26, 2015 at 17:40 | Michael McDonald

Demand response technology is being touted as a way to help countries reduce energy usage without having to significantly change their behavior to reduce actual…

Oil Prices And Producers Trapped In Limbo

Jun 26, 2015 at 16:43 | Dan Dicker

Crude oil has hovered near $60 a barrel since May, a useless price for investors. This uneasy equilibrium needs to be broken before any good can…

A Rare Opportunity For Yield And Growth

Jun 26, 2015 at 16:41 | Martin Tillier

When the whole energy sector was being hit hard at the end of last year, as oil prices collapsed, it became clear that at some point…

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