Electric cars hold the potential to destroy the oil business and save the electricity business. The big question now is when this will happen. Last year the world…
Attacks on energy infrastructure continue to bombard the oil majors operating in the Niger Delta. The latest victim was Italian oil giant Eni, who told UPI in…
A massive wildfire raging through the northern part of Alberta has swelled in size and surged north of Fort McMurray, destroying an evacuated oil sands camp on Tuesday…
Previously we documented that as a result of the still low oil prices, largely a result of Saudi Arabian strategy to put high cost producers out of business…
Thirty-eight years after ‘The Buddy Holly Story’ had its world premiere, and everyday, it’s a getting closer ($50 crude that is). After a deluge of economic data overnight,…
For the past few weeks, maintenance, sabotage, wildfire, strikes and rebel attacks have added to supply-side disruptions, as shown in the chart below. So now, everyone’s celebrating…
The casualty list in the oil and gas sector continues to climb. On Monday, unable to keep up with its mountain of debt, SandRidge Energy filed for…
Oil and natural gas producers cannot catch a break of late it seems. A few years after the onset of the natural gas glut, Europe is experiencing a…
Brazil’s new government is less than a week old, and already there are seeds of a scandal after a strong media backlash against the fact that the cabinet…
It has been six years since the Israeli raid on the Mavi Marmara ship that was aiming to reach the Gaza coast in May 2010. In the wake…
The Oklahoma Senate has suspended a tax incentive for the oil industry that’s likely to see a lot of small producers go under. Oklahoma is facing a budget…
Looking at the critical figures and data in the energy markets this week, we see oil prices nearing $50 dollars as supply outages continue and U.S. production declines.
One hundred and forty-one years to the day after the first Kentucky Derby was run, and crude oil’s gallop higher has now slowed to a trot. As focus…
In the aftermath of Saudi Arabia's explicit threat to sell off U.S. Treasuries (of which according to the NYT it had some $750 billion) should the…
We are beginning to see the first real signs of the global oil markets moving rapidly back into balance. OPEC, which produces approximately 40 percent of the world’s…
Data suggests that oil producers need prices in the $70-80 range to survive. That is unlikely in the next year or so. Without more timely price relief, the future looks…
Low oil prices and spending cuts are cutting into China’s oil production, a little known source of output declines that are helping to balance the market. New data…
Famous short seller Jim Chanos is shorting oil majors Royal Dutch Shell Plc and Chevron Corp, according to Bloomberg. He is operating under the belief that the…
It has been a rough month for Tesla with the stock down almost 25 percent in recent weeks. Yet for all of the pain for Tesla shareholders, the company…
Low oil prices continue to take a toll on oil producers in the Middle East. The latest sign of trouble comes from Moody’s Investors Service, which cut its…