Oil & Gas Venues 2015: The Good, Bad & Very Ugly As 2014 draws to a close and North American oil and gas producers are in trouble over falling oil…
Crude Oil Outlook February Crude Oil futures have been drifting sideways since reaching a new contract…
Brent crude and West Texas Intermediate (WTI) fell 2 and 3.3 percent respectively to start the week and Saudi Arabia is prepared to go much lower in a bid to…
Despite the decline in oil prices, the U.S. is expected to boost production by 300,000 barrels per day in 2015, up to a yearly average of about 9.3 million barrels…
The good news for Egypt: Inexpensive oil means the government needs to spend less on its fuel subsidies for its energy-hungry population of 86 million people, the third largest…
In a U-turn, the antitrust commissioner in Israel says he’ll recommend the breakup of a partnership between Noble Energy of the United States and the local company Delek Group, which…
In the last couple of months, the sharp reversion in oil prices has certainly caught the world’s attention. While the majority of economists and analysts continue to expect incorrectly that…
The oil price drop that has dominated the headlines in recent weeks has been framed almost exclusively in terms of oil market economics, with most media outlets blaming Saudi Arabia,…
Low oil prices are putting major oil producers in a squeeze. The Russian central bank has been forced to cough up foreign exchange in order to defend itself from a…
In a year of plummeting oil prices and the dismay it brings to producers and traders, two senior economists at the International Monetary Fund (IMF) haven’t taken their eyes off…
It is has now been confirmed. The first measured 24 hour production from Bakken wells is a very good predictor of the future production of that well. And it has…
The next several months may be pivotal for the future of oil development in the Arctic. While Russia has proceeded with oil drilling in its Arctic territory, the U.S. has…
A few commenters have mentioned peak oil recently. I am cautious about making forecasts and predictions and prefer instead to observe and document the data as the peak oil story…
For three weeks, OPEC’s richest and most influential countries were silent about the cartel’s decision on Nov. 27 to maintain production levels at a relatively high rate despite the oil…
The spectacular drop in oil prices means that inflation is going to fall even further below the Fed’s 2% target. Does that raise any new risks for the economy? I…
The United Kingdom’s oil industry is taking a beating from low oil prices, so much so that it is “close to collapse.” That comes from the head of the Association…
In what was perhaps the most anticipated edition of his annual press conference yet, Russian president Vladimir Putin certainly delivered. His increasingly colloquial speech brought several quotable moments…
The oil ministers of two powerful OPEC members, Saudi Arabia and the United Arab Emirates, say they had no choice but to avoid cutting production to shore up oil prices…
As 2014 draws to a close, energy developments in the Eurasian region have been gaining new prominence. Notably, on December 1, Russian President Vladimir Putin paid a state visit to…
The Texas Railroad Commission has updated their Oil & Gas Production Data Query to include the production numbers for October. The Texas data is always incomplete so the charts…