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U.S. Drilling Activity Continues to Drop Off

U.S. Drilling Activity Continues to Drop Off

The total number of active…

Iran's Attack on Israel Sparks Global Concerns of Escalation

Iran's Attack on Israel Sparks Global Concerns of Escalation

Diplomatic and political leaders worldwide…

Rising Middle East Risk Sparks Fear of $100 Oil

Rising Middle East Risk Sparks Fear of $100 Oil

In case of further escalation,…

News

This May Just Be The Start Of The Oil Price War Says IEA

This May Just Be The Start Of The Oil Price War Says IEA

May 14, 2015 at 12:39 | Andy Tully

Saudi Oil Minister Ali al-Naimi may be one of the most powerful individuals in the global oil industry. After all, as the top oil official in…

Oil Industry Suing U.S. Govt. Over Oil Train Safety Rules

Oil Industry Suing U.S. Govt. Over Oil Train Safety Rules

May 14, 2015 at 12:33 | Andy Tully

America’s largest energy trade association is suing the US government, contending that its timeline for upgrading oil tank cars for freight trains isn’t realistic and, in some cases, is too…

77 Percent Rise In Oil Prices Here

77 Percent Rise In Oil Prices Here

May 13, 2015 at 13:42 | Andy Tully

Prices for oil around the world have been stabilizing recently, but the heavy oil from Alberta, called Western Canada Select (WCS), is positively booming by comparison.WCS accounts…

Statoil Undergoing Big Changes Under New CEO

Statoil Undergoing Big Changes Under New CEO

May 13, 2015 at 13:32 | Andy Tully

Eldar Saetre has been shaking up the leadership of Norway’s government-owned energy company since he took over as CEO three months ago, and doesn’t seem ready to stop. He has…

Continued Dollar Rally Could Undermine U.S. Economic Growth

Continued Dollar Rally Could Undermine U.S. Economic Growth

May 13, 2015 at 10:41 | Soberlook.com

The biggest risk to US economic growth remains the possibility of an extended US dollar rally. The Fed rate hike expectations have been pushed out to December and many doubt…

Hydropower The Latest Joint Chinese-Russia Energy Project

Hydropower The Latest Joint Chinese-Russia Energy Project

May 12, 2015 at 16:18 | Andy Tully

The Russian hydropower company RusHydro and China Three Gorges Corp. have signed a deal to cooperate on a 320-megawatt hydroelectric power project in Russia’s Far East. Under the pact,…

Environmentalists Furious Over Latest Shell Arctic Drilling Permit

Environmentalists Furious Over Latest Shell Arctic Drilling Permit

May 12, 2015 at 16:08 | Andy Tully

Environmentalists are furious that the Obama administration has given conditional approval to Royal Dutch Shell’s plans to explore for oil and gas in the Arctic Ocean, given its troubled history…

Iran Already Negotiating With Potential Western Oil Customers

Iran Already Negotiating With Potential Western Oil Customers

May 11, 2015 at 15:56 | Andy Tully

Iran already is holding meetings with potential European and other Western customers about buying its oil, a further indication of the country's confidence that most or all of the UN…

Greece May Be Key Player In European Energy Security

Greece May Be Key Player In European Energy Security

May 11, 2015 at 15:50 | Andy Tully

The United States is reporting some success in persuading Greece to accommodate a Western-backed pipeline through Turkey to supply Europe with gas from the Caspian Sea rather than an alternative…

More Bad News For North Dakota’s Oil Industry

More Bad News For North Dakota’s Oil Industry

May 08, 2015 at 17:00 | Andy Tully

This hasn’t been a good week for the oil industry in North Dakota.First, a train carrying crude for Hess Corp. derailed and burned in central North Dakota…

Iran May Invest In Major European Energy Project

Iran May Invest In Major European Energy Project

May 08, 2015 at 16:55 | Andy Tully

Turkey’s Trans-Anatolian Pipeline (TANAP), conceived to deliver gas from Azerbaijan to Europe, has become so popular recently that Turkmenistan also wants to use it, and now even Iran is interested…

Oil Train Derails, Burns in North Dakota In 6th Such Incident Of 2015

Oil Train Derails, Burns in North Dakota In 6th Such Incident Of 2015

May 07, 2015 at 14:41 | Andy Tully

It was only on May 1 that the United States and Canada announced stricter new rules for oil trains, but five days later a train carrying crude derailed and…

Iran Could Play An Important Role In EU Energy Security

Iran Could Play An Important Role In EU Energy Security

May 07, 2015 at 14:34 | Eurasianet

With the world’s fourth largest gas reserves, Turkmenistan has enough to keep everybody happy. But for the remote Central Asia country and its suitors, taking the potential and turning it…

Low Oil Prices Hammer Canadian Trade Deficit

Low Oil Prices Hammer Canadian Trade Deficit

May 06, 2015 at 16:35 | Andy Tully

It was the persistently low price of oil, combined with a rise in imports, that pushed Canada’s trade deficit to a record high in March.The shortfall rose to…

Saudi Arabia “Not Worried At All” About Iranian Return To Oil Market

Saudi Arabia “Not Worried At All” About Iranian Return To Oil Market

May 06, 2015 at 16:29 | Andy Tully

“No one can set the price of oil,” Saudi Oil Minister Ali al-Naimi says. “It’s up to Allah.”Was that comment, made in an interview May 5 on…

Global Oil Production Up One Million bpd In March

Global Oil Production Up One Million bpd In March

May 05, 2015 at 16:21 | Euan Mearns

The main oil production changes from February to March are: World total liquids up 1,000,000 bpd OPEC up 890,000 bpd N America up 80,000 bpd Russia and FSU up…

Myanmar: The Next Frontier For Offshore Oil

Myanmar: The Next Frontier For Offshore Oil

May 05, 2015 at 15:54 | Andy Tully

The government of Myanmar is further opening up to international business by signing a deal with two foreign energy companies, Statoil of Norway and ConocoPhillips of the United States, who…

Turkmen Gas Deal Could Save Europe

Turkmen Gas Deal Could Save Europe

May 04, 2015 at 16:02 | Andy Tully

The European Union is looking for ways to diversify its source of gas to reduce its dependence on Russia. Turkmenistan is looking for ways to

New Oil By Rail Safety Regs Not Nearly Enough

New Oil By Rail Safety Regs Not Nearly Enough

May 04, 2015 at 15:49 | Andy Tully

The stricter new safety standards being imposed by US and Canadian officials on trains hauling crude oil aren’t sitting well with either the rail…

Refining Saves The Day For Exxon and Shell

Refining Saves The Day For Exxon and Shell

May 03, 2015 at 17:33 | Andy Tully

The low oil prices that have been dogging the energy industry led to dramatically lower quarterly earnings for Royal Dutch Shell and Exxon Mobil, but the…

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