Charles is a writer for Oilprice.com
Oil futures dipped back down to well below $50 on Tuesday after the American Petroleum Institute (API) reported a build on U.S. crude oil supplies…
OPEC sees the oil market balancing later this year, leaving its forecast largely unchanged. In its latest Oil Market Report, OPEC projects that the global…
Mexican Energy Secretary Pedro Joaquin Coldwell announced on the 8th of June that the next phase of auctions for offshore oil and natural gas blocks…
A new estimate from the U.S. Geological Survey finds that Colorado could actually hold 40 times more natural gas than previously expected. The so-called Mancos…
The Niger Delta Avengers (NDA) strike again. The Nigerian government said that it would scale back its military campaign against the Avengers and push for…
The OPEC Reference Basket (ORB) of 13 crude oils was up to US$46 per barrel on Monday, for a US$0.27 increase over last Friday’s price…
The Israeli Energy Ministry has said that the supergiant Leviathan offshore gas field may be 20 percent smaller than its developers, US-based Noble Energy and…
In a sign that demand continues to rise and oil markets are moving closer to balance, Saudi Arabia increased its prices for crude heading to…
In an attempt to boost its balance sheet amid depressed oil prices, U.S. oil and gas company Devon Energy will sell off over US$1 billion…
Having already invested $200 million in Argentina’s Vaca Muerta shale — the world’s second-largest shale gas deposit — supermajor ExxonMobil is now saying it may…
Oil prices dipped lower Friday afternoon on news that the U.S. oil rig count was up by nine this week, to a total of 325…
Niger Delta militants have launched multiple attacks on oil installations over the past 24 hours, reportedly targeting Shell’s Forcados terminal again and additional sections of…
U.S. regulators have approved a $306-million Kinder Morgan proposal to add liquefaction and export capability to its Elba Island LNG Terminal, also giving it the…
Venezuela’s financial problems have become so acute that it is having trouble paying for the crude oil imports that it needs. Reuters reports that four…
Oman media outlets have reported that the country will be handing out new production-sharing agreements (PSAs) for a potential five oil blocks this fall. Exact…
Far from the specific paranoia of the Cold War era, talk now is that Russia’s Rosatom nuclear fuel giant may soon end up supplying 10…
Ahead of official U.S. crude oil inventory data, which will be out on Thursday, a day late due to the Memorial Day holidays this week,…
The rally in oil prices over the past three months has been impressive, building confidence among market analysts that prices are heading in the right…
In an early Wednesday attack, Niger Delta militants have blown up two Chevron oil wells in Warri, leading a shut down in the wells and…
As Venezuela drowns in debt and takes its state-run oil company, PDVSA, down with it, Reuters is reporting that BP has over 2 million barrels…