Scientists have developed a new…
U.S. supermajors ExxonMobil and Chevron,…
Manufacturing surveys indicate stagnant growth…
Two weeks ago, Ukraine said it would suspend importing Russian gas when the countries’ contract expired on March 31, primarily because of the high price,…
Libya’s internationally recognized government of Prime Minister Abdullah al-Thinni plans to sell the country’s oil itself and shift proceeds to a friendly foreign bank to keep…
With 30% of the 'money' in Chinese stocks officially 'dumb money' and leverage of epic proportions, it is hardly surprising that the wealthiest of wealthy are - allegedly - taking…
The UK and Argentina marked the 33rd anniversary of the start of their 10-week Falklands War with British energy companies announcing the discovery of oil and…
The 9-month-old plunge in the price of oil combined with a decrease in exports cut into OPEC’s net earnings in 2014, according to estimates by the…
Strong Western sanctions and the steep drop in oil prices have formed a one-two punch that will leave the Russian economy in worse shape than economists…
BP faces fines of up to $13.7 billion for the 2010 Deepwater Horizon disaster in the Gulf of Mexico, but argues that it can’t afford to…
To no one’s surprise, Canada’s economy shrank in January due to declines in both wholesale and retail sales, both affected by sluggish construction and manufacturing attributable in part to the…
Scotland’s energy minister, Fergus Ewing, acknowledges there are “serious challenges” facing the North Sea oil industry, but also “huge opportunities,” and he’s taking that message on…
The low price of crude is finally taking its toll on one oil town in West Texas while another, just over 100 miles away, is faring…
The British government’s offer of “bold and immediate measures” for the North Sea energy industry evidently wasn’t enough for some companies groping for ways to cut…
Dover West Leduc. (Image courtesy of Athabasca Oil) PetroChina (NYSE:PTR), the Asian country’s largest oil major by…
Duke Energy Corp. will appeal a record $25.1 million fine imposed by the state of North Carolina for contaminating groundwater near one of its plants; a…
With the 2022 Winter Olympics looming, there are only two significant impediments to China’s efforts to host the Games in Beijing: Almaty, Kazakhstan, and the notorious…
On Dec. 14, Oilprice.com looked at how the drop in the price of crude was affecting air fares. While motorists were enjoying low pump prices,…
In the same week as Japan unveils its Pacific-Rim-esque anti-tsunami wall public works project, and Japanese government auditors say the operator of the Fukushima Dai-ichi…
This week started badly for oil prices, and the chief culprit seems to be Saudi Arabia and its drive to produce more and more oil. Brent…
Having been exuberantly chased briefly after announcing it was looking for a buyer - fueling further excitement about a low-oil-price-driven Shale firm M&A boom - Whiting…
Less than two weeks ago we warned that based on the current oil production trend, the US may run out of storage for crude as soon…
The Texas Rail Road Commission has released its latest stats with production numbers through January. There is always a delay in these numbers and that…