In more proof that U.S. oil production is continuing to alter global oil markets, Russia’s finance minister Anton Siluanov said on Saturday that Russia and OPEC might decide to…
Scientists from Ocean University in Qingdao, China and the University of East Anglia in Norwich, England have made an incredible discovery that could one day save the planet from the…
Under the next president, U.S. oil and gas companies could lose access to fracking on federal lands. Democratic presidential candidate Elizabeth Warren has proposed a ban on new drilling on…
Chevron put the Oilfield M&A game in motion on Friday, with their announcement of a cash and stock offer for Anadarko Petroleum. The oil industry is ripe for some M&A…
A great positive story coming from the Middle East and North Africa (MENA), countering much of the negative news these days, is one of energy. Here, in one…
Trader Alert: For the first time ever, Oilprice.com is making its annual Top 50 Oil & Gas Companies report available to members. Sign up to…
Energy consumption in the United States reached an all-time high last year, data from the Lawrence Livermore National Laboratory showed. According to the laboratory, the United States consumed 101.2…
Crude oil production from the seven key shale regions in the United States is expected to increase by 80,000 bpd from April to hit a record 8.46 million bpd in…
The United States nearly doubled its oil exports in 2018, the Energy Information Administration reporting on Monday, from 1.2 million barrels per day in 2017. The 2.0 million barrels…
The odds of an oil price spike this year are much higher than the prevailing consensus in the market, according to a new report from Bank of America Merrill Lynch.…
Late last week, Chevron announced its decision to takeover Anadarko Petroleum for $33 billion, a deal that could mark a watershed moment for the Permian basin and the U.S. shale…
Egyptian President Abdul Fatah al-Sisi’s visit to the White House on April 9, 2019, resulted in one of the worst setbacks for U.S. Middle Eastern policy under the Donald Trump…
The U.S. sanctions on Venezuela’s oil industry have tightened the global heavy to medium crude oil market, sending oil buyers scrambling for alternatives to the heavy Venezuelan oil. Refiners…
In what seemed like an episode of the Norwegian television drama Occupied, Norway's largest political party joined smaller ones in the nation's parliament to prevent oil exploration in the scenic
A Mexican think tank has declared that Pemex’s newest refinery is doomed in a grim analysis released this month. The Mexican Institute for Competitiveness (Instituto Mexicano para la Competitividad, or…
Crude oil prices are affecting demand for the commodity negatively, the International Energy Agency’s head Fatih Birol told S&P Global Platts in an interview. "The higher oil price environment…
Despite signs of continued tightness in supply, oil prices dropped early on Monday on some profit taking and a Russian minister suggesting that Russia and OPEC could abandon the production…
OPEC and heavyweight Russia may fight America for its share of the oil market, Russia’s Finance Minister Anton Siluanov told TASS on Saturday, even if it means quitting the OPEC…
Brent Crude and WTI Crude prices hit a five-month high this week amid signs of tightening market and clashes in wildcard OPEC producer Libya. Brent Crude topped $71 and…
Artificial intelligence has been making inroads into the oil and gas industry for a while now after the industry realized all the benefits it could reap from the deployment of…