There are disparities in climate…
The United States says Russia…
The United States continues to…
There could be a danger for OPEC if demand for its oil rises in 2015. The price could rebound to a level where US shale production could be revived, starting…
Recent developments are beginning to undermine the supremacy of the world's long-running energy information duopoly and its perennially optimistic narrative. Policymakers, investors and the public should take heed.Until…
The United Steelworkers union (USW) has added two more sites to the number of oil refineries where its members have gone on strike, citing bad-faith bargaining…
The choice of banker Aldemir Bendine, a confidant of Brazilian President Dilma Rousseff, to take over as CEO of Petroleo Brasileiro (Petrobras) disappointed many who would…
Ayatollah Ali Khamenei, Iran’s clerical leader, gave a speech on Sunday in which he said he supports an agreement with the West on Iran’s nuclear…
Depending on your point of view, either Gazprom and other Russian energy companies are strong credit risks or faring as badly as their government, beset by low oil prices and…
Ordinarily, a good way to gauge the business climate of a region or a state is to look at its employment statistics. So you might expect…
The rags-to-riches life story of Maria das Gracas Silva Foster has taken a sharp turn with her resignation as CEO of Petroleo Brasiliero SA (Petrobras), along…
Bob Dudley, the CEO of BP PLC, says he believes that the 7-month-old slump in oil prices isn’t likely to reverse itself for some time, perhaps…
Like many other oil companies, Imperial Oil Ltd. of Canada had a sharp drop in earnings during 2014’s fourth quarter and is cutting capital spending as…
Scientists already have reported finding what they called a 1,235-square-mile “bathtub ring” of oil on the floor of the Gulf of Mexico left over from the…
Europe’s efforts to find alternatives to Russian oil and gas faced a new setback when Chevron Corp. announced its earnings had dropped dramatically in the fourth…
Earlier today, following our chart showing the devastation in Q1 earning forecasts, Exxon Mobil came out with its Q4 earnings, and - as tends to happen…
Even before the shale revolution got underway, US net imports were falling. The data below is from the Weekly Petroleum Status Report and is in thousand barrels per day.
Bad news from the oil industry is not in short supply lately, and now two major companies, Royal Dutch Shell and ConocoPhillips, have simultaneously announced sharp…
Several days ago we showed something remarkable: "current forward 12-month P/E ratio for the Energy sector is now well above the three most recent historical averages: 5-year (12.0), 10-year…
Five of Britain’s “Big Six” energy utilities have so far shared some of their wholesale savings on gas with their retail customers, but the industry’s chief…
Alaska, once oil-rich, now faces tough decisions on what parts of the state’s budget can be cut, and where it can find other sources of revenue…
The EIA publishes what they call a Drilling Productivity Report in which they claim that each rig is getting more productive, that is each rig produces just a little…
The mood in Aberdeen, the center of Europe’s North Sea oil industry, is a mix of grim optimism and outright despair. The plunge in oil prices during the past seven…