The North Dakota Oil Production Stats are out. North Dakota crude oil production was down just less than 10,000 barrels per day.
Iran has introduced a discount on the June contract for its heavy crude going to Asia, just a few days after Saudi Arabia announced a…
Brazil’s Senate voted to approve impeachment proceedings against President Dilma Rousseff, forcing her to step down in order to stand trial. Vice President Michel Temer will…
The oil price rout has caused a lot of headaches in the renewable industry, especially in the heavily subsidized U.S. solar sector, which is suffering some…
According to data compiled by Haynes and Boone, in just the first four months of 2016 there had already been double the amount of bankrupt energy debt than in all…
Now that the merger between Halliburton (HAL) and Baker Hughes (BHI) is officially dead, it’s time for shareholders to begin thinking about what comes next for…
On Thursday, the U.S. EPA is set to unveil the final regulations on methane emissions from oil and gas wells, the first of its kind. The rules were initially…
One hundred and sixty-nine years after William Clayton invented the odometer, and the oil market is trying to continue its journey higher. Despite a bullish-tilted monthly…
OPEC is dead, Rosneft’s head Igor Sechin has told Reuters. In a fine example of stating the obvious – at least to those who have…
A senior Kuwait Petroleum Corp official has confirmed to media the company’s plans to increase production by 44 percent to almost 4 million barrels a…
Several months on from the lifting of the U.S. oil export ban, it’s becoming clear that one unexpected group had benefited considerably from the restriction –…
The UK is only a few weeks away from a June 23 referendum that will decide whether or not it exits the European Union. British leaders…
I spent a lot of time in 2015 warning that at year-end we would see a huge decline in crude oil reserves. As I have explained…
Petrobras’ stock has been a disaster for investors for years. Even when virtually every other oil company on the planet was seeing their stock move higher,…
The prospect of producing oil from the U.S. Arctic looks increasingly remote as the oil industry walks away from drilling leases. After Royal Dutch Shell pulled…
Fifty-two years to the day after The Beach Boys released ‘I Get Around’, and the crude complex is sympatico with this notion. As the market tries…
Saudi Arabia appears committed to its recently-announced long-term economic plan, dubbed Vision 2030, which aims to remove the country’s economic dependence on oil exports within the…
It might not be a great time to start offshore drilling, with oil prices as depressed as they are, but it might just be a great…
Suncor: King of Canada’s Oil Sands Canada’s oil sands are the third largest oil deposit in the world behind Saudi Arabia and Venezuela. The largest oil…
The oil markets have suddenly been hit with a multitude of unexpected supply disruptions, the largest of which comes from the more than 1 million barrels…