The Kremlin has set an…
Not since the Cold War…
China is raising from Wednesday…
In the last month or so a kind of stealth move has been taking place in an unlikely energy commodity. Natural gas, the poster child for…
Oil hit its lowest point in two months on July 1, falling on a combination of market turmoil and bearish oil figures. WTI dipped below $57…
The Middle Eastern oil and gas empire is undergoing dramatic change as the two biggest petroleum companies, Saudi Aramco and Qatar Petroleum are aiming to expand…
For much of the last fifteen years, Chinese growth has been a source of hope across Asia. Now that growth is slowing and China appears to…
North Dakota publishes monthly ND Historical Barrels of Oil Produced by County. This data however does not include confidential wells. But they do estimate, by…
British energy giant BP announced July 2 it has reached a tentative settlement with the U.S. government and five states along the Gulf of Mexico coast…
Despite oil prices plummeting over the past year, falling from around $100 per barrel to now under $60 per barrel, the U.S. shale industry has proved…
The news from the recent St. Petersburg Economic Forum, which took place from June 18 to 20, inspired a torrent of speculation on the future direction…
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…
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…
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…
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…
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 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…
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…
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…
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.…
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…
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…
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…