There are five very good…
Nineteen new cooperation agreements in…
Spring brings higher gas prices…
Popular wisdom has it that traders and modern investors alike are a short-sighted bunch. The focus is always on the next quarter’s earnings, the feeling is, which punishes companies with…
The practice of hydraulic fracturing has rightly received a lot of the credit for allowing the U.S. to boost its oil production in recent years by as much as 60%.…
Politics, Geopolitics & Conflict Iraq/Kurdistan Islamic State (IS) fighters have failed to seize control of the Northern Iraqi giant oil field at Kirkuk, after a tense battle on Wednesday. The…
As Dan Dicker is away this week, please find below a guest piece provided by our new Managing Editor Chris Dalby. In the final hours, as delegates were locked in…
The oil industry is betting big on the Gulf of Mexico with both costs and production rising as a result. The Gulf has seen a bit of a resurgence in…
When Helge Lund takes over as CEO of BG Group in March 2015, he’ll be greeted with what sports economists call a “signing bonus” of $23.6 million as well as…
The US Petroleum Supply Monthly just came out with production data for every state and territory. US supply was up 168,000 bpd to 8,864,000 bpd in September. The biggest…
OPEC has resisted the urging of its needier members and has decided not to cut production levels despite the five-month-old plunge in oil prices. Saudi Oil Minister Ali al-Naimi said…
The Bakken, as well as other shale oil areas, is not one homogeneous area where equal amounts of oil can be found. David Hughes in DRILLING DEEPER puts it…
Russia can’t live with oil prices below $79 per barrel, but Finance Minister Anton Siluanov says he doesn’t expect them to drop much lower, and they may even rise a…
Saudi Oil Minister Ali al-Naimi says there’s no need for OPEC to reduce production to shore up the price of oil because the market will fix itself. Despite his optimism,…
Could this be the first step in defeating the Islamic State? In an unexpected move Sunday, Saudi Arabia, the United Arab Emirates and Bahrain agreed to return their ambassadors to…
Not gone and not forgotten, China is ready to solidify its claim to the South China Sea (SCS). Recent satellite imagery confirms China is conducting…
With winter approaching, the piles of coal at utility yards are running well below average, and several utilities are pressuring rail companies to allow more coal trains through. The problem…
OPEC alone can’t be held responsible for setting the price of oil worldwide, a veteran oil minister says, and it’s time for producers outside the cartel to help set acceptable…
When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the…
For the last 4 years, the national average retail price of gasoline in the United States stayed within a range of $3.25-$4.00 a gallon. But that all changed this…
NRG Energy is charting a path forward for the 21st century utility. The threat of distributed energy has raised concerns in utility boardrooms over the future of their business model.…
In February 2009 Phil Hart published on The Oil Drum a simple supply demand model that explained then the action in the oil price. In this post I…
U.S. coal export capacity is running well below capacity, and as such, exporting coal from the U.S. west coast is a losing strategy. That comes from a new report…