Houston is emerging as one of the great oil hubs in the world, and pretty soon it will be outfitted with an oil futures contract, which could cement its position.…
The latest port blockade in Libya, which had sent the country’s oil production plunging and oil prices surging, was lifted last week with new promises of transparency and the…
Who would have thought wind’s transformation from subsidy-supported to self-financing power source would happen so quickly – not this publication, that’s for sure. Apart from diehard environmentalists, most consumers have…
The ‘mega-frac’ is turning the typically annoying sand of West Texas into the new gold, and the oil and gas land rush on the Permian Basin has now extended into…
Upon hearing Papua New Guinea, very few us associate it with LNG – some might recall that it is one of the most heterogenous nations of our planets with more…
Intercontinental Exchange plans to launch later this quarter a crude oil futures contract of physically delivered Permian West Texas Intermediate (WTI), deliverable in Houston, as the city has become…
Since President Trump announced the U.S. withdrawal from the JCPOA, Washington has been pressing allies to end all imports of Iranian oil by a November 4. deadline Moreover, in a…
The Energy Information Administration reported a surprise major build in crude oil inventories of 5.8 million barrels for the week to July 13, after a huge draw of
The world’s biggest oil trader, Vitol, is setting up in partnership with Low Carbon a renewables fund that will invest in renewable energy assets across Europe, the companies said…
OPEC will continue to play a key role in oil supply and prices in the global oil market through 2040, despite the relentless oil production in the Permian and expectations…
The Trump administration has been going back and forth over how hard it plans on pushing countries to cut their imports of Iranian oil to zero. After softening the tone…
At this week’s NATO meeting in Brussels, President Trump criticized Germany’s reliance on Russian natural gas: “Germany is totally controlled by Russia. They will be getting between 60 and 70…
More than a decade ago, China overtook the U.S. as the world's biggest carbon dioxide emitter. Today, it’s going for a complete 360 with a hungry drive to beat the…
Goldman Sachs—which has been bullish on oil for most of this year— continues to expect that Brent Crude prices could retest the $80 a barrel threshold this year, but…
Oil prices were mostly flat at the start of trading on Tuesday, after having posted two of the worst single-day declines over the past week.
In the past, oil has accounted for 96 percent of Venezuela's exports and over 40 percent of government revenues. Now, as the nation’s economy continues to crumble amid sanctions, political…
In the much-heralded meeting yesterday between President Donald Trump and Russian President Vladimir Putin in Helsinki, Trump said that the U.S. will “compete successfully” against Russia in Europe’s natural…
Russian President Vladimir Putin has assured U.S. President Donald Trump that Moscow will keep the transit route of natural gas to Europe via Ukraine, Russia’s president said at the…
President Trump is reportedly considering tapping the strategic petroleum reserve to lower gasoline prices in an effort to neuter a political threat ahead of key midterm elections in November. Sources…
There is only one sure thing when it comes to oil price forecasting—forecasts will inevitably prove to be wrong. If it’s not too high, it’s certainly too low—at any rate,…