Several years of low gasoline prices have upended a decade-long shift towards more fuel efficient vehicles in the United States. For two years in a row, the U.S. auto industry…
Deals in the Permian helped the U.S. oil and gas mergers and acquisitions tally soar to $69 billion in 2016. The industry has been quick to adapt and secure primary…
The oil price bust, which resulted from the global crude oil glut, has created yet more oversupply, this time in the offshore industry, where a rig and vessel glut is…
It has become painfully obvious that the much-hyped OPEC agreement to reduce global oil production by close to 2 million bpd won’t have the effect that its initiators had hoped…
One day after Exxon announced it would sever ties with its former CEO and Chairman, Rex Tillerson, who is slated to become Trump's secretary of state, in the process…
Libya is about to re-open the last major oil terminal that has been shut due to factions fighting in a move that would allow it to further increase oil exports,…
In its first crude oil inventory report for the year, the EIA said commercial stockpiles stood at 479 million barrels, a draw of 7.1 million barrels from its last…
In a sign that Saudi Arabia plans to initially comply with OPEC’s production cuts, state-run Saudi Aramco is discussing with customers the possibility to cut its February crude loadings by…
Budget deficit is a fascinating thing. It can turn around economies if it’s large enough or it can highlight their resilience, if it turns out to be not as large…
Apart from trying (and managing) to talk up oil markets in recent months, Saudi Arabia has been stoking investment banks as well with the plan to sell 5 percent of…
The OPEC deal has sparked a rally in prices over the past few weeks, and crucially, it has also started to alter the shape of the futures curve, which could…
Activity in the U.S. domestic energy sector in 2017 is off to a strong start, as U.S. independents take advantage of rising prices and an increasingly-friendly energy atmosphere to expand…
A very busy year The last year was kind to Rosneft. Even with continuous low oil prices and the Western sanctions, the Russian state-owned oil giant signed a landmark refinery…
2016 was a year that will stand out for everyone in the renewables industry – counting among the significant highlights the Paris Agreement, the first offshore U.S. wind farm, renewable…
After several years of turmoil, 2017 could provide investors with the mercy of a relatively quiet year for oil prices. There are reasons to be optimistic about prices going into…
With 2016 now closed out, we’re getting the first looks at year-end data. And numbers from one nation in the energy space have been particularly eye-catching this week. Russia. Over…
Back on December 15, two weeks ahead of the day the OPEC production cut agreement was set to begin, according to which some 1.2 million barrels per day in oil…
Oil prices are rising and the industry is poised for a rebound, with U.S. shale spending set to soar in 2017. But for Royal Dutch Shell, this year will…
Thanks to non-oil budget income, Russia has entirely offset the negative effects from lower oil prices in 2016, Finance Minister Anton Siluanov said at the end of 2016. What’s…
Following two years of persistently low oil prices which made companies slash investment and costs, the industry is starting to look up to a brighter 2017. Analysts and experts see…