The recent ban on Russian…
Oil prices are set to…
Turkmenistan's natural gas exports to…
Friday October 20, 2016 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…
Russia’s largest oil company, Rosneft, has signed production-sharing agreements for five oil blocks in the Kurdistan Autonomous Region of Iraq. Any other week this would have been nothing more than…
December West Texas Intermediate crude oil is in a position to close lower for the week as investors continue to wait for enough bullish news to drive the market out…
Oil seems to have found a relative bottom after the declines over the past few weeks, with WTI firming up at the $50-per-barrel level.
The number of active oil and gas rigs in the United States took a steep dive this week, dipping 15 rigs—the third straight weekly loss. The total oil and…
A lot of activity the past few days in Pennsylvania: home of the Marcellus shale, arguably the world’s best-performing unconventional natural gas and liquids play right now. And it looks…
The original shale gas play, the one that kicked off the shale drilling bonanza a decade ago but then went into decline, is getting a new lease on life. The…
Together, Russia and Saudi Arabia produce a fourth of the world’s oil. The laws of competitive international commodity trading have pit the two petrostates on opposite poles of the…
After over 40 years in the energy business, more than two decades of that with a parallel career in intelligence, I regularly witness the impact of global developments on the…
Neither sanctions nor persistently low oil prices are hindering Russia’s ambitions or plans to develop oil resources in its sections of the Arctic. In April, state-controlled oil giant Rosneft
At its November 30 meeting, OPEC will seek to discuss making its current partnership with non-OPEC producers permanent, OPEC’s Secretary General Mohammad Barkindo told reporters at the Oil &…
Internal combustion engines keep accumulating at a rate of tens of millions per year. When is the earliest date that we could expect to see “peak piston”? Your intuition may…
Norway is at the forefront of Europe’s green energy shift, but it is also its biggest crude oil producer. The country has so far juggled successfully with the two opposing…
United States President Donald Trump’s decision to “decertify” the Iran nuclear deal probably won’t have an immediate impact on oil prices, but the decision could plant the seeds of problems…
Encouraged by recently opened areas and potentially huge yet-to-be-discovered resources, oil companies launched a record exploration drilling campaign in Norway’s Barents Sea this year. But as the summer and the…
The UK’s embattled oil industry might have to tackle a twofold increase in trade costs if its separation from the European Union takes place under a no-deal scenario, an industry…
Imagine if we woke up tomorrow and read the headline, “GLOBAL PACT: ALL COUNTRIES AGREE TO BAN THE SALE OF INTERNAL COMBUSTION ENGINES.” And then imagine that we wake up…
The world’s largest oil trader sees the price of the Brent barrel falling almost $14 to $45 in 2018, from its current price of $58.01, according to Ian Taylor, CEO…
OPEC favors a nine-month extension to the OPEC/NOPEC production cut deal, according to four anonymous Reuters sources, which would push out the agreement until December 2018. The possibility of…
A day after API’s estimate of a 7.13-million-barrel draw in U.S. oil inventories led benchmark prices higher, the EIA added to bullishness by reporting inventory figures largely in…