Saudi Arabia and Russia announced their cooperation to stabilize global oil markets, and while crude oil jumped on the news, it quickly gave back more than half of…
As a general rule of thumb concerning Big Oil and heated presidential elections, the U.S. oil and gas sector routinely donates to the Republican candidates, leaving the “greener”…
Oilfield services, shipbuilders and other industries that rose with the pre-2014 oil price boom have had it hard. Since barrel rates fell, their previous patrons have become uninterested…
Oil price movements in September will largely be at the mercy of central banks and OPEC, with supply and demand figures not offering conclusive evidence on the trajectory…
The Houston-based oil firm Apache announced a massive new discovery on Wednesday, which it claims could supply every refiner on the Gulf Coast of the United States for…
In mid-January, everyone's favorite market indicator Dennis Gartman, made an infamous prediction when oil was trading in the mid-$30s, when he said that oil won't hit $44 again…
At least one source of Nigerian oil exports is set to come back online after Royal Dutch Shell lifted its force majeure on Bonny Light crude exports.…
Crude is flip-flopping ahead of an exceedingly likely inventory draw to crude stocks from tomorrow's Labor Day-delayed inventory report. With a choppy U.S. dollar, crude is getting whipsawed…
Russian President Vladimir Putin is keen to reach an agreement with OPEC to freeze oil production in hopes of prices regaining strength. With the U.S. shale boom supplying…
Eyebrows all over the world were raised when he said, “There is no price war” – after all, anyone with even a passing interest in the oil and…
A 5.6-magnitude earthquake shook Oklahoma this past weekend, enough to rank it as among one of the state’s most powerful on record. The earthquake, which took place just…
The fight over the fate of the 1,168-mile Dakota Access pipeline (DAPL) intensified on Saturday, when a clash between private security agents defending the construction site and Native…
In a bid to reduce the budget deficit that has been growing as crude prices have been falling, Saudi Arabia may cancel projects worth over US$20 billion, Bloomberg reported…
Oil prices didn’t manage to extend gains on Tuesday as markets still doubt an OPEC output freeze.
After yesterday's accord between Saudi Arabia and Russia ignited an effervescent oil rally, we have now seen these hopes fizzle out once more. As the 'task force' agreement references no…
The oil market is still in a state of uncertainty — with a lot of major indicators (including crude prices) in rapid flux. And news this week shows…
Oil prices have continued to languish below $50 per barrel as a glut of crude oil and gasoline persist even as global demand continues to rise. The IEA…
Investors in the transportation sector are facing a sea of change thanks to the rise of online commerce. A major part of that change is Amazon.com, and the…
China is bothering energy analysts and investors. It’s bothering them because it has been on a buying spree for crude in the last two years but nobody knows…
In a crippling environment of low prices, the recent announcement from Statoil’s chief executive Eldar Saetre, that due to their cost saving measures, the Johan Sverdrup oil field…