The debate over whether to…
Saudi Arabia scales back ambitions…
The total number of active…
A day after the American Petroleum Institute took the market by surprise reporting a 6.513-million-barrel build in inventories, the Energy Information Administration confirmed inventories had risen last week…
The oil market is exhibiting signs of having reached a “new normal,” according to the IEA, with the floor for oil prices jumping from $50 to $60 per barrel. But…
Common sense would tell you that the biggest winners in a price rally of a commodity would be the biggest producers of the commodity that is rallying. This is certainly…
Canada’s oil industry faces multiple headwinds on top of an oil bust that has changed the global industry over the past few years. Canadian producers are selling their oil at…
There will be 280 million EVs on the roads in 2040, up from 2 million today—but even this increase won’t be able to stifle crude oil demand, the International Energy…
The U.S. rig count rose on Friday and Tuesday’s IEA report hit the oil market hard, causing bulls to pocket some profit after the recent oil price rally, but geopolitical conflict…
U.S. shale oil and gas production is set to grow at a record-breaking rate over the next eight years, the International Energy Agency said in its latest World Energy…
Oil prices are cratering after the IEA said that global oil demand is actually much weaker than everyone thought. The IEA lowered its demand forecast by 50,000 bpd in 2017…
The American grid security story grows increasingly grim. Last week, security consulting firm Symantec warned that recent cyberattacks gave hackers direct access to the nation’s power grid on multiple…
WTI is back in the upper-$50s per barrel, and OPEC is on the verge of extending its production limits well into next year. The fear for OPEC, and other oil…
General Electric Corp., as part of a turnaround plan announced November 13, halved its common stock dividend, from $.24 to $.12. per quarter, a fifty percent reduction. Wall Street had…
A year ago this week, markets reeled from the surprise election of U.S. president Donald Trump, and eagerly awaited OPEC’s November meeting as the last hope for an oil price…
With all the rhetoric about governing for all Americans, sometimes politics is just about picking winners and losers. Take the ongoing soap opera of who in the energy sector is…
True to its perpetually optimistic form, OPEC, which only last week for the first time conceded the threat posed by rising US shale production... (Click to…
OPEC and its non-OPEC partners are expected to unanimously decide to extend the production cuts at the Vienna meeting on November 30, but the duration of the extension is…
The Houthi rebel group in Yemen has threatened to start attacking oil tankers and warships sailing under enemy flag if the Gulf coalition fighting it in the country does…
The world’s hottest shale basin, the Permian, is leading the second U.S. wave of tight oil production growth and will continue to do so for years to come, all analysts…
Tesla’s unveiling of its mass market Model 3 sparked a global interest in making electric vehicles the next big thing in automobile manufacturing. But can the category’s green agenda keep…
China’s largest oil company, Sinopec, signed a deal last week to explore the development of a massive $43 billion natural gas pipeline and LNG export terminal in Alaska. The project…
Short-term trends for UK oil and gas production and, to a lesser extent, Norway can be rendered a bit meaningless by seasonal impacts from summer maintenance turn-arounds and cyclic gas…