Charles is a writer for Oilprice.com
China’s Beijing Gas Group Company has reportedly acquired a 20-percent stake in a subsidiary of Russian Rosneft, giving the Russians help in developing resources in…
The more than two-year oil bust has led to a shakeout in the oil industry, with high-cost and inefficient drillers forced out of the market.…
BP’s controversial plan to drill in one of Australia’s unique ecosystems hit another snag this week. BP is hoping to drill in the Great Australian…
The American Petroleum Institute (API) has reported what very well may be the fifth week in a row of a draw in U.S. oil inventories…
Mexico could auction off shale acreage as soon as the second quarter of next year. Mexico’s energy secretary said last week at Rice University that…
Iraq has succeeded in ramping up oil production by more than 1 million barrels per day over the past two years, a remarkable achievement for…
Libya has done the unthinkable: oil production in the war-torn country is actually up substantially in recent weeks, as some idled oil fields came back…
A few days before the highly anticipated OPEC meeting in Algeria, a top official from the group threw cold water on the possibility of a…
The Permian Basin has become so hot that some oil companies are starting to stay away, instead looking at frontiers that are less picked over.…
The oil bust has created the longest period of declining investment in the global energy industry in nearly half a century, according to a new…
The American Petroleum Institute (API) is reporting a 1.4-million-build in US crude oil inventory over last week—bursting the bubble created the week before when official…
The record-breaking installations of solar panels in the U.S. continues with an eye-popping 2 gigawatts installed in just the second quarter of this year, according…
Most top experts from the oil industry do not expect oil prices to trade beyond $60 per barrel in the next 12 months. According to…
At least one source of Nigerian oil exports is set to come back online after Royal Dutch Shell lifted its force majeure on Bonny Light…
Saudi Arabia and Russia said on Monday that they would cooperate to stabilize oil prices, a potential sign that the production freeze talks set to…
Expectations for the success of the upcoming OPEC meeting in Algeria continue to seesaw, with comments from top officials from member countries continuing to alter…
Iraq surprised the oil market this week by insisting that it would support an output freeze at the upcoming OPEC meeting in Algeria. The comments…
Iraqi Prime Minister Haider al-Abadi announced on Tuesday that the country would support a freeze in oil production during the next meeting of the Organization…
A campaign to restrict fracking in Colorado looks set to fall short, and the shale companies in the state are no doubt starting to breathe…
Layoffs in the oil industry are setting jewelry stores and many fast food restaurant chains back on their bottom lines, according to a new report…