Africa’s biggest oil producer, Nigeria,…
Not since the Cold War…
Oil prices surged early on…
Libya—whose production has been hampered by civil unrest, political divides, and oil export terminals blockades over the past few years—is now targeting to further increase its oil output. Its most…
Canada’s Mordor, as environmentalists like to call the oil sands, is notorious for how “dirty” oil extraction is there. It’s also notorious for how expensive it is to extract. The…
Romania’s energy sector is characterised by the influence that the state continues to exert. Despite initiating several privatisation processes following the collapse of the Soviet Union, these have consistently been…
The U.S. investor owned electric utility industry raked in the money in 2016. According numbers just re-leased by industry trade group the Edison Electric Institute (EEI), pretax operating income (operating…
Less than a day after the Senate overwhelmingly voted to impose new sanctions against the Kremlin, on Thursday Germany and Austria - two of Russia's biggest energy clients in…
Crude oil prices hit a five-week low Wednesday as OPEC production rose and U.S. inventories showed smaller than expected draws. OPEC has been trying to bolster oil prices with a…
All data below is based on the latest OPEC Monthly Oil Market Report. All data is through May 2017 and is in thousand barrels per day.
Times are rough, if you’re an energy investor, there’s no doubt about it. But it’s important to remember why you’re a subscriber here at the Oilprice premium service and why…
Analysis of markets of any kind, stocks, bonds, currencies or commodities basically falls into one of two categories, fundamental and technical. In an ideal world both types of analysis support…
Friday June 16, 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…
Libya is getting closer to realizing its goal of boosting crude oil production to 1 million barrels per day after it struck an agreement with German Wintershall that led to…
Weekly September Natural Gas Recap September natural gas futures jumped over 4 percent on Thursday after a government report showed a smaller-than-expected inventory increase. The rally caught the mostly short…
Oil prices recovered somewhat in Friday’s trading session as markets reacted stoically on another rise in the U.S. rig count. (Click to enlarge)
The number of active oil and gas rigs in the United States rose again this week by 6—making 22 weeks of gains, continuing the longest growth streak in oil…
Eight hedge funds have pulled out more than US$400 million in positions in ten big shale oil and gas companies active in the Permian, Reuters reported, as the financial…
After oil prices hit the lowest in seven months earlier this week, they were tentatively rising early on Friday, but were still on course to post the fourth consecutive week…
The Bab al-Mandan strait, which facilitates the transfer of 4 million barrels of oil to Middle Eastern markets everyday, has become increasingly contentious over the past few weeks as…
Iraq has been India’s largest supplier of crude oil for the last three months, shipping data from Bloomberg has revealed. This means that OPEC’s number-two has dethroned the cartel’s…
While China is being applauded as the world’s leading market for battery electric and plug-in hybrid vehicle sales, automakers are becoming frustrated over how to actually carry out a profitable…
In its recent 2018 budget, the Trump Administration included a huge energy announcement. While it went mostly under the radar, the budget included a proposal to sell half of the…