U.S. supermajors ExxonMobil and Chevron,…
WTI crude found resistance at…
Lithium-ion has been the dominant…
The global market for floating production, storage and offloading vessels (FPSOs) is headed for a major renaissance with as many as 24 FPSO awards expected by 2020, driven to a…
Unusually high temperatures caused a surge in power consumption in Texas yesterday and could continue driving record consumption today as well, as weather forecasts point to even…
Last week, oil prices were in free fall, but all it took was a simple rumor to halt the meltdown. WTI was just a whisker away from sub-$50 territory, and…
The gold bears have finally caved under the deafening barrage of fiscal and geopolitical catalysts, from Fed hints to intensely brewing conflict with Iran. But there is one key trend…
Several major oil pipelines connecting West Texas to the Gulf Coast are set to come online in the next few weeks and months, allowing more Permian oil to hit the…
The threat of hackers on human lives, breached data, and system shutdowns, are being taken very seriously by automakers and oil and gas companies. Security and energy experts have been…
Iran will restructure its budget in a way that should reduce the country’s dependence on oil revenues to zero, a senior government official told Mehr news agency. “Given the…
A flurry of coverage about the gloom and outright calamity in the shale oil business appeared last week. Low prices continue to dog the industry. But so does lack of…
Saudi Aramco announced for the first time financial results on Monday, reporting a net income of US$46.9 billion for the first half of 2019, down by 12 percent from…
The Iraqi government is still in talks with Exxon about a megadeal worth US$53 billion over three decades, Iraqi media reported, quoting the Oil Ministry of the country. The…
The Trump administration has taken its regime change campaign in Venezuela to the next level, initiating a new set of sanctions that some analysts liken to a total economic…
The Permian basin has been by far the largest source of production growth in the US as the field oil production grew from 1.2M barrels per day (mmbpd) in January…
Natural gas demand in the United States is growing. It’s growing thanks to the switch from coal to gas-fired power generation and thanks to the growth in liquefied natural gas…
Germany is going through a remarkable transformation from a fossil fuel-based economy towards a sustainable energy infrastructure dominated by wind and solar power. Although the transition is far from complete,…
A year ago, the Powder River Basin in northeastern Wyoming was thought to be the next hot thing in U.S. shale with land acquisition costs lower than in the…
While the concept of harnessing nuclear fusion, the process which powers the sun, for use here on Earth has long been the “Holy Grail” of energy science, it has long…
Recent developments in the oil market have sent cold shivers through Rystad Energy’s oil market team, calling into question our temporary bullish view for the first part of 2020 linked…
Two reports out this week worth paying attention to which could greatly impact oil prices at a crucial moment in which leaders in Tehran are desperately urging China to purchase more Iranian crude: First,
While a promise from Saudi Arabia to keep oil exports below 7 million bpd has given oil markets some hope, overall sentiment appears to be very bearish
The US oil and gas rig count fell by 8 this week, according to Baker Hughes, adding to months of losses and bringing the overall rig count to the lowest…