Oil prices are set to…
While U.S. and European automakers…
U.S. natural gas producers and…
Canadian drillers are moving rigs to Texas chasing better business opportunities south of the border in yet another sign that the U.S. oil industry is in full growth mode. Naturally,…
U.S. West Texas Intermediate crude oil futures posted a volatile two-sided trade this week before moving to within striking distance of its three-year high on Thursday. One catalyst behind the…
U.S. shale production is soaring as the oil rig count once again ticked up this week, but OPEC's high compliance and the continued crisis in Venezuela has left oil markets…
The number of active oil and gas rigs decreased this week, according to Baker Hughes data, by a single rig. This brings the total number of oil and gas…
Back in December we discussed how US oil inventories had been drawn down by a hundred million barrels from their peak last March, channeling Dr Evil from Austin Powers.…
Russia’s crude oil production in January was basically flat compared to December 2017, after rising production at foreign firm-led projects compensated for small declines at the two major Russian…
Dutch gas dreams have ended with a bang after Dutch independent regulator SodM presented its recommendation to the Dutch government to cut existing natural gas production at the Groningen field…
“The rebalancing of the oil market has likely been achieved, six months sooner than we had expected.” Goldman Sachs (NYSE:GS) dramatically revised its outlook for oil in 2018, saying…
The 2017 data is in: OPEC’s success with its oil production cuts is now proved. In fact, the cartel and its partners — led by Russia — did so…
Volkswagen Group (OTCMKTS:VLKAY) is feeling the vise grip tighten with accusations about its role in testing toxic diesel fumes on monkeys and humans. The German automaker, along with BMW…
ExxonMobil (NYSE:XOM) has made headlines this week, and not only because the world’s largest publicly traded oil and gas company is reporting Q4 figures before the bell on Friday.…
The oil price crash of 2014 not only weighed on Canada’s oil sands industry, but it also directed more company investment into shorter-cycle shale projects in the U.S. at the…
The NYMEX February natural gas contract expired Monday at $3.63 per MMBtu, the highest expiration for a contract we have seen since January 2017. Now the prompt month, March gas…
Goldman Sachs has held one of the most optimistic views on the rebalancing of the oil market and oil prices in the near term, and the investment bank is now…
Shale companies continue to drill at a frenzied pace, adding rigs and breaking U.S. oil production levels with each passing week. Yet, the oil production is becoming increasingly geographically concentrated.…
“How’s the Canadian oil and gas industry doing?” a friend recently asked me. People on the sidelines expect a positive answer, knowing that a barrel of oil now trades above…
It may sound counterintuitive, but higher crude oil prices have proved to be a boon for the renewable energy industry, at least when it comes to adoption of clean energy…
After years of healthy trade in crude oil and petroleum products between Iran, Qatar and Asian customers, the tide seems to be turning. This week, figures emerged showing a decline…
Canadian drillers are moving rigs south to the U.S. to seize more profitable opportunities. But it’s not just the bright prospects of the Permian that is attracting Canadian companies—moving…
U.S. gasoline exports averaged just over one million barrels per day in 2017, with a strong push higher at the end of the year (hark, an average of 1.3 million…