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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Energy

The Rise Of The Petroyuan

Oct 26, 2017 at 17:11 | Nick Cunningham

China is aiming to overthrow the U.S. dollar as the currency of choice for the oil market, a move that could have far-reaching consequences. Since the 1970s, the oil trade…

Why Are Oil And Gas Prices Diverging?

Oct 26, 2017 at 14:50 | Kent Moors

Almost from the start of modern trading of futures contracts in the early 1980s, there’s been an expected trading connection between crude oil and natural gas. Of course, the parallel…

Iraq Seizes Saudi Share In U.S. Oil Market

Oct 26, 2017 at 11:39 | Matt Smith

Wowee, 1985 showed a rich vein of form for movies. It was the year that spawned The Goonies, The Breakfast Club, Spies Like Us, Fletch and Back to the Future. It…

Canada’s Oil Output To Grow For Decades To Come

Oct 26, 2017 at 09:40 | Irina Slav

Despite the Canadian government’s efforts to curb carbon emissions and expand the adoption of renewable energy systems, the country’s crude oil production will only continue to grow in the next…

Are Petrocurrencies Heading For Extinction?

Oct 25, 2017 at 16:49 | Irina Slav

Petrocurrencies are breaking away from their traditional tight link to oil prices, but all it would take for this link to return is for prices to fall bellow their current…

Can Oil Prices Go Above $60?

Oct 25, 2017 at 14:08 | Nick Cunningham

Oil prices flirted with $60 per barrel a few weeks ago, but stopped short of that key psychological threshold and quickly retreated. What will it take to break above $60?…

Will This Trump Move Trigger A Coal And Nuclear Buying Spree?

Oct 25, 2017 at 13:34 | Dave Forest

You probably haven’t heard about it. But one of the most critical energy developments in years is now gearing up for a major battle in America.  That’s a slate of 

Russia To Boost Oil Production In 2018 If OPEC Deal Not Extended

Oct 25, 2017 at 11:23 | Tsvetana Paraskova

While the oil market is awaiting what Saudi Arabia and Russia—the leaders of the OPEC and non-OPEC producers part of the production cut deal—will decide on the future of the…

Oil Prices Stabilize After Significant Gasoline Draw

Oct 25, 2017 at 09:45 | Irina Slav

With oil prices at multi-week highs thanks to reports from OPEC and demand outlook, some more good news is always appreciated but the EIA has refused to play along,

This Oil Rally May Be Short-Lived

Oct 24, 2017 at 17:04 | Irina Slav

It’s been another week of upbeat OPEC reports—from secretary general Mohammed Barkindo’s belief that global oil demand will jump to over 100 million bpd by 2020 to the proud…

OPEC Aims For Smooth Exit From Production Cut Deal

Oct 24, 2017 at 16:55 | Gregory Brew

The members of OPEC are quietly beginning to plan an eventual tapering-off of production cuts, even as the group plans a nine-month extension of the cuts to the end…

BP’s Dangerous Track Record In Alaska

Oct 24, 2017 at 15:07 | Nick Cunningham

BP’s Alaska unit had at least 27 serious safety incidents this year, raising concerns that the oil major has not corrected course after the Deepwater Horizon explosion and oil spill.…

Oil Prices Rise Ahead Of Inventory Data

Oct 24, 2017 at 13:04 | Tom Kool

With oil prices up slightly on Tuesday, analysts are warning investors to remain cautious while suggesting that a correction could be near.

Aramco CEO Warns Of Imminent Oil Supply Crunch

Oct 24, 2017 at 11:30 | Tsvetana Paraskova

As much as US$1 trillion of investments has either been deferred or canceled with the lower-for-longer oil prices, and this underinvestment will impact the future of energy, Amin Nasser,…

Which Of These 3 Hotspots Will Be The Next Big Thing In Oil?

Oct 24, 2017 at 11:30 | Dave Forest

Lots going on in oil and gas this week. With three ripples in different parts of the world potentially suggesting waves of new opportunity coming for project developers.  First, in…

Expect New Aramco IPO Details This Week

Oct 24, 2017 at 10:14 | Cyril Widdershoven

Aramco’s 5 percent IPO—the world’s largest ever—continues to make headlines. Some analysts claim that the IPO is in danger of failing. Other sources report that the company is considering a…

Falling Iraqi Exports Drive Oil Prices Higher

Oct 24, 2017 at 09:16 | Irina Slav

Crude oil prices continued their ascent today as lower exports from Iraq amid the internal conflict with the Kurds gave oil bulls a cause for optimism. Brent crude was…

Norway Unfazed By Peak Oil Concerns

Oct 23, 2017 at 17:15 | Irina Slav

When crude oil demand will peak is anyone’s guess. Forecasts vary widely. Wood Mackenzie says that peak demand is “very real,” and sees a decline of 4 million bpd between 2020…

LNG Becomes A Buyer’s Market

Oct 23, 2017 at 16:51 | Tsvetana Paraskova

The world’s liquefied natural gas (LNG) market has dramatically changed over the past few years. Continuously growing supply has led to a glut, and the U.S. starting LNG exports has…

Global Oil Supply Disruptions Lowest Since 2012

Oct 23, 2017 at 11:08 | Tsvetana Paraskova

Unplanned disruptions in global oil supply dropped to 1.6 million barrels per day (bpd) in September 2017, which was the lowest level of crude offline due to unforeseen events since…

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