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News

Bakken Flat But EIA Predicts Decline

Bakken Flat But EIA Predicts Decline

Sep 15, 2015 at 15:57 | Ron Patterson

The North Dakota Industrial Commission has published the July production data for The Bakken and for all North Dakota.

This Is Why Americans Will Pay More For Gasoline If U.S Export Ban Is Lifted

This Is Why Americans Will Pay More For Gasoline If U.S Export Ban Is Lifted

Sep 14, 2015 at 15:42 | Kurt Cobb

They say that the first casualty of war is truth. And, on both sides of the fight over lifting the ban on exports of U.S. crude…

Why Canada’s Devaluation Efforts Will Not Turn The Tide

Why Canada’s Devaluation Efforts Will Not Turn The Tide

Sep 07, 2015 at 15:39 | Soberlook.com

Devaluation is now the preferred tool to reinvigorate slowing economy. On a traded-weighted basis, the US dollar is at its highest level in over a decade.…

Canada’s Supreme Court Lets Ecuador Villagers Sue Chevron For $9.5bn

Canada’s Supreme Court Lets Ecuador Villagers Sue Chevron For $9.5bn

Sep 07, 2015 at 15:10 | MINING.com

Canada's Supreme Court ruled on Friday that a group of Ecuadorian villagers can proceed with their US$9.5 billion pollution lawsuit against Chevron Corp. (NYSE:CVX) in…

U.S Oil Production Slightly Lower Due To Alaskan Maintenance Season

U.S Oil Production Slightly Lower Due To Alaskan Maintenance Season

Sep 04, 2015 at 15:35 | Ron Patterson

EIA begins monthly survey-based reporting of U.S. crude oil production With the release of today’s Petroleum Supply Monthly, EIA is incorporating the first survey-based reporting…

ConocoPhilips Warns Of Dramatic Downturn, Fires 10% Of Global Workforce

ConocoPhilips Warns Of Dramatic Downturn, Fires 10% Of Global Workforce

Sep 02, 2015 at 15:58 | ZeroHedge

Remember when the oil crash was supposed to be "unequivocally good" for the global economy and the US consumer, only for this to be disproven as…

End Of Cheap Fossil Fuels Could Have More Severe Consequences Than Thought

End Of Cheap Fossil Fuels Could Have More Severe Consequences Than Thought

Sep 02, 2015 at 15:40 | Kurt Cobb

The characteristic feeling of the post-2008 world has been one of anxiety. Occasionally, that anxiety breaks out into fear as it did in the last two…

Minor Bullish Signals Do Not Back Up Long Term Oil Price Rally

Minor Bullish Signals Do Not Back Up Long Term Oil Price Rally

Sep 01, 2015 at 16:12 | Euan Mearns

The main action this month has been on the oil price that continued to slide. Both WTI and Brent set new post-crisis lows but saw sharp…

Putin’s Wish For A Strong Sino-Russian Relationship Is Crumbling

Putin’s Wish For A Strong Sino-Russian Relationship Is Crumbling

Sep 01, 2015 at 15:27 | Eurasianet

Russian President Vladimir Putin with his Chinese counterpart, Xi Jinping China will host a huge military parade in Beijing on…

US Oil Production Nears Previous Peak

US Oil Production Nears Previous Peak

Aug 31, 2015 at 15:03 | Ron Patterson

The EIA’s Monthly Energy Review came out a couple of days ago. The data is in thousand barrels per day and the last data point…

Finally Good News For Oil Companies In Kurdish Iraq

Finally Good News For Oil Companies In Kurdish Iraq

Aug 28, 2015 at 16:07 | Andy Tully

The semi-autonomous Kurdistan Regional Government (KRG) says that increased oil sales will allow it to begin making regular monthly payments to the oil companies that export…

French Oil Giant Total To Sell $5.5 Billion In Assets This Year

French Oil Giant Total To Sell $5.5 Billion In Assets This Year

Aug 28, 2015 at 16:02 | Andy Tully

When the price of a commodity falls, there are two ways for companies to react: Either cut costs and even sell assets to improve cash flow, or to invest –…

Nuclear Fuel Bank In Kazakhstan Will Have Double Role

Nuclear Fuel Bank In Kazakhstan Will Have Double Role

Aug 27, 2015 at 16:35 | Andy Tully

Kazakhstan and the International Atomic Energy Agency (IAEA) signed an agreement on Aug. 27 to have the former Soviet republic host the world’s first bank for…

Schlumberger-Cameron Deal Could Benefit The Whole Oil Industry

Schlumberger-Cameron Deal Could Benefit The Whole Oil Industry

Aug 27, 2015 at 16:25 | Andy Tully

A merger of Schlumberger Ltd. and Cameron International Corp., if approved, could mean savings not only for a new company, but also for its customers at…

Environmental Group Threatens Exxon With Appeal In New Jersey Case

Environmental Group Threatens Exxon With Appeal In New Jersey Case

Aug 26, 2015 at 15:45 | Andy Tully

At least one environmental group is threatening to appeal a judge’s decision approving New Jersey’s settlement of a pollution lawsuit with Exxon Mobil Corp. in which…

Scottish Green Party Calls For Nationalization Of Oil Industry

Scottish Green Party Calls For Nationalization Of Oil Industry

Aug 26, 2015 at 15:37 | Andy Tully

Scotland’s Green Party is proposing that Britain nationalize its oil industry, which it says not only would end dependence on multinational corporations but also create at…

Iran Prepared To Defend Old Market Share ‘At Any Cost’

Iran Prepared To Defend Old Market Share ‘At Any Cost’

Aug 25, 2015 at 16:04 | Andy Tully

Iran’s oil minister says his country supports calls for an emergency OPEC meeting to explore ways to shore up the price of oil, but even without such an effort, Tehran…

Southern Co. And AGL To Form 2nd Largest U.S Utility

Southern Co. And AGL To Form 2nd Largest U.S Utility

Aug 25, 2015 at 15:56 | Andy Tully

The merger of Southern Co. and AGL Resources will create a utility with the second largest pool of customers in the United States. Southern, which owns…

China May Meet Carbon Goals Sooner

China May Meet Carbon Goals Sooner

Aug 24, 2015 at 16:16 | Andy Tully

China’s may achieve its goal to stop the growth of its carbon emissions before its deadline of 2030 because the country's discharge of carbon dioxide already…

U.S Energy Storage Solution Helps Out Asian Diary Production

U.S Energy Storage Solution Helps Out Asian Diary Production

Aug 24, 2015 at 16:10 | Andy Tully

South Asia may be the world’s leading producer of milk, but its dairy farmers have to fight hot weather in a region where electric refrigeration is…

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