Earlier this year, the price…
Russia’s flagship crude grade is…
The European Parliament approved rules…
Oil Market Summary for 03/29/2010 to 04/02/2010 In a week shortened by a holiday, crude oil futures reached an 18-month high, but U.S. jobless data released on Friday while commodities…
On wednesday, the Obama administration announced comprehensive new regulations on offshore oil and gas drilling. Potentially opening some significant new acreage previously off limits to the petroleum industry. Under the…
President Barack Obama’s move to lift a moratorium on new offshore drilling leases and to designate further areas for exploration won’t produce much oil in the near future, but is…
OPEC member countries have resumed work on 35 new projects that will increase production capacity by 5 million barrels a day, adding to concerns that the increasing world capacity will…
The latest draft of European Union fuel standards appears to mark a lobbying victory for the Canadian oil industry because it drops tighter restrictions originally envisaged for crude oil derived…
Attention international coal industry. There's a new kid on the block. The nation of India. India is emerging as a major re-shaping force for the global coal market. With in-country…
"The numbers in this report can't be right -- and yet the market is reacting to them!" -- there's a complaint we've heard so many times about USDA reports, but…
Royal Dutch Shell further intensified its relationship with China in a new 30-year accord to appraise and develop tight gas reserves in the Sichuan basin. The new project in the…
The debate about “peak oil” flared up again following a new report from Oxford University claiming that conventional oil reserves are inflated by a third and that added reserves from…
Economic success, growth, and an affluent (happy) consumer lifestyle directly depend on an abundance of inexpensive energy. Conversely, the quantity and type of energy consumed can have a very adverse…
The Central Gulf of Mexico Oil and Gas Lease Sale 213 attracted 642 bids from 77 companies on 468 lease tracts. Most impressive was what these companies paid. High bids…
Back in the days when US oil demand controlled the price of oil, a massive recession in the United States would have sent oil to 12.00 dollars a barrel. That…
The increasing use in the United States of gasoline, jet fuel and other petroleum products made from Canada’s oil sands has aroused opposition from Canadian and U. S. environmentalists equal…
On September 14, 1960 OPEC began operations as an ad-hoc talk-shop of sorts, and five years later became a permanent part of Vienna’s international bureaucracy. I have decided to send…
Mother Nature's been good to the North American natural gas sector. Not only did she gift several massive shale gas plays over the last few years. She also…
As T. Boone Pickens is touting, we could replace one-third of our dependence on oil within just a few years with natural gas if we would simply embrace the alternative.…
If I may, I would like to rebut or add a little objectivity to the flood of “Peak Oil” articles circulating around. When I see another crisis looming in the…
Oil Market Summary 03/08/2010 to 03/12/2010. Crude oil prices tread water for the week as uncertainty about demand continued to weigh on the market. Prices were down slightly on the…
A new stimulus grant of $100 million from the U.S. Department of Energy that includes support for grid-scale energy storage projects is the latest sign of the growing need to…
PetroChina joined with Royal Dutch Shell in a bid for Australian coal-seam gas producer Arrow Energy as Asian countries scramble for a stake in the vast energy resources at their…