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Breaking News:

Asian Oil Imports Dropped in April

Energy

Amid Safety Concerns, Utilities Transition To New Business Models

Apr 23, 2015 at 15:49 | Darrell Delamaide

California’s Public Utilities Commission earlier this month levied a record $1.6 billion fine against Pacific Gas & Electric Co., the state’s largest utility, in connection…

High Debt And Low Oil Prices Create Perfect Storm For Canadian Economy

Apr 23, 2015 at 13:26 | Yale Global

TORONTO: For years, the global community praised Canadian financial conservatism and the country’s success in skirting the global financial crisis. Canadian banks were seen as among…

A Plot To Hold Down Oil Prices Or Just A Happy Coincidence?

Apr 23, 2015 at 10:57 | Leonard Brecken

The recent unprecedented surge in oil imports has again prompted a review of things here. In a prior story, we wrote that the lack of…

Corruption Scandal Will Cost Petrobras At Least $2.1 Billion

Apr 23, 2015 at 10:28 | Charles Kennedy

The Brazilian state-owned oil company has released its first financial statements in 8 months – and it doesn’t look good. Petrobras has been embroiled in a corruption scandal that has…

How The Majors Are Playing The Oil Price Slump

Apr 22, 2015 at 16:15 | Nick Cunningham

The largest oil and gas companies are employing different strategies to weather the downturn and plan for the future. Each strategy has its risks, and not…

An Unlikely Winner Of The Ukraine-Gazprom Row

Apr 22, 2015 at 15:19 | Christopher Stakhovsky

With the help of Ukrainian tycoon Dmitry Firtash, Turkmenistan,that unsung gas giant that boasts the world’s fourth largest reserves, could very be the clincher in securing…

Exxon Urges U.S Congress To Soften LNG Export Laws

Apr 22, 2015 at 14:59 | Andy Tully

Exxon Mobil Corp. says the United States may be a big loser in both energy and trade if it doesn’t open up the export of liquid…

US Oil Production May Not Drop In Earnest Until 2016

Apr 22, 2015 at 14:29 | Euan Mearns

Readers are keen to know when US oil production will begin to fall. This is not an easy question to answer but in the comments…

Oil Prices Won’t Recover Anytime Soon Says Exxon CEO

Apr 22, 2015 at 12:14 | Nick Cunningham

There is mounting evidence that oil prices are poised to rebound from a historic bust. Rig counts hit new lows each week. For the week ending…

Oil Price War May Benefit Both US Shale And Saudi Arabia

Apr 21, 2015 at 15:48 | Michael McDonald

Even as financial commentators on CNBC are starting to come around to the idea of a bottom in oil prices, the key question for US…

What Happens To US Shale When The Easy Money Runs Out?

Apr 21, 2015 at 15:40 | Leonard Brecken

Today we will take a look at both Whiting Petroleum (WLL) and Continental Resources (CLR) as far as their Bakken economics. Overall the numbers will show…

Midweek Sector Update: Oil Price Rally Has Markets Uneasy

Apr 21, 2015 at 12:20 | Evan Kelly

Oil prices have rallied nearly 30% since March, demonstrating some resilience and strength amid all sorts of conflicting projections about oil production. But now the…

DOE Just Produced A Multi-Trillion Dollar Headache For Congress

Apr 21, 2015 at 11:49 | Charles Kennedy

Every four years the U.S. Department of Defense releases its Quadrennial Defense Review (QDR), an assessment of the potential threats and capabilities of the U.S. war…

A Closer Look At The World’s 5 Biggest Oil Companies

Apr 21, 2015 at 10:53 | Gaurav Agnihotri

Today, the ‘black gold’ that is oil has become a true global commodity. With global oil prices still subject to volatility and geopolitical uncertainty, most of…

EU Could End Russian Gas Bullying In One Fell Swoop

Apr 21, 2015 at 10:05 | Nick Cunningham

A regulator with the European Commission could alter Europe’s long-term energy security this week. Europe’s competition commissioner is set to formally file charges against Russia’s…

Who Is Saudi Arabia Really Targeting In Its Price War?

Apr 20, 2015 at 17:32 | Arthur Berman

Saudi Arabia is not trying to crush U.S. shale plays. Its oil-price war is with the investment banks and the stupid money they directed to fund…

What Is Preventing An Algerian Energy Boom?

Apr 20, 2015 at 17:14 | Colin Chilcoat

The African energy narrative can be summarized as follows: an underexplored and underdeveloped region with a bright, if not gassy, future. Put another way, the continent,…

Railroad Commission: Texas Crude In Decline, Gas Inches Up

Apr 20, 2015 at 16:22 | Ron Patterson

The Texas Railroad Commission has released its incomplete production data for February. The RRC also estimates final production but that data has not been posted…

Saudi Price War Strategy May Blow Up In Their Face

Apr 20, 2015 at 14:05 | Leonard Brecken

This morning markets woke to rising Middle East tensions which cause upward pressure on prices offset by headlines via Reuters “Naimi says Saudi oil production near record high in…

Wall Street Bets On Oil Price Rally

Apr 20, 2015 at 10:51 | Charles Kennedy

If the whims of speculators are anything to go by, then oil markets are poised for a rebound. Data from the Commodity Futures Trading Commission show…

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