U.S. gasoline consumption in August hit a new peak at 9.7 million barrels a day, a growth in demand that many oil bulls believe will be the driver for higher…
Eagle Ford has quietly slipped out of the shale boom spotlight over the past couple of years, its place now taken by its Texas neighbor, the Permian, with its easier-to-tap…
Oil Producing States Fare Differently in Period of Lower Prices It should be no secret that the oil and gas industry tends to carry the heaviest tax burden…
(Click to enlarge) Dean has provided his monthly update for Texas Oil and Natural Gas. The most recent month’s estimate is often volatile…
Russian Energy Minister Alexander Novak said that Russia has no immediate plans to change its current level of oil output, which is at near-record levels. Despite the low oil price…
While historically the major conflict within OPEC in recent years had been between Iran, whose oil production had been mothballed since 2013 as a result of the US embargo and…
The more than two-year oil bust has led to a shakeout in the oil industry, with high-cost and inefficient drillers forced out of the market. About 100 bankruptcies have been…
Oil barrel prices could climb between US$7 and US$10 by the end of the first half of 2017, according to Goldman Sachs analysts. Yesterday, OPEC surprised nearly everyone and…
With oil prices continuing to languish below $50 per barrel, the major oil producers in the Middle East are seeing their financial positions deteriorate. To plug the gap in the…
Last year, the world’s ultra-rich added a bit more to their combined wealth and now hold a total of US$30 trillion in net assets. The number of individuals owning at…
Headlines surrounding ride sharing apps and autonomous vehicles are nudging into my daily reading list like people butting in front of me in traffic. But I don’t mind. Since the…
The Canadian federal government has given the green light to the $8-billion Pacific NorthWest LNG project, proposed by Malaysia’s Petronas three years ago. The decision is highly controversial because…
It’s been a long time since my last post, which is primarily due to the fact that most of my free time over the summer was devoted to helping write…
According to a Reuters source, The Organization of the Petroleum Exporting Countries has in fact reached a deal that will “limit” oil production, and oil prices are in for…
Crude is sailing in rough seas today, as the combo of an informal OPEC meeting and a surprising weekly inventory report has pushed and prodded prices around thus far. Hark,…
OPEC, Oil and Tankers. This week, the informal meeting of OPEC, alongside the International Energy Forum, has given rise to a possibility of another output limit. Whether or not this…
BP’s controversial plan to drill in one of Australia’s unique ecosystems hit another snag this week. BP is hoping to drill in the Great Australian Bight, a stretch of coastline…
Crude oil markets got a boost of optimism from the EIA today, when the agency reported a 1.9-million-barrel decline in commercial crude inventories in the U.S, to a total…
Unless a miracle happens, there is zero chance of OPEC and Russia agreeing an oil output freeze in Algiers, after Iran refused to take Saudi Arabia up on its…
Saudi Arabia will deal ministers a 20 percent pay cut and scale back perks for government employees—two-thirds of employed Saudis—as it grapples with the realities that accompany an $87…