Charles is a writer for Oilprice.com
WTI and Brent hit fresh lows on Friday over persistent fears of oversupply. The latest thing to drag down oil is the prospect of Iran…
Where is the cheapest crude oil in the world? And how low can you get that barrel of oil? WTI has declined to $30 per…
The international incident involving the capture of U.S. sailors by Iran was quickly put to rest. Ten U.S. serviceman were taking into custody by Iran’s…
Crude oil markets are suffering from too much supply and not enough demand, a combined effect that has pushed oil down into the low $30s…
ISIS militants in Libya continue to attack key oil infrastructure in the country. The two large oil export terminals at Es Sider and Ras Lanuf…
Heavy rains have brought historic floods to the St. Louis region on the eve of the New Year, causing the Mississippi and Missouri Rivers to…
While every shale driller is cutting spending and pulling back, one prominent company is looking to sell more stock in order to finance heavier drilling.…
Oil traders woke up on January 6 to the news that Brent crude traded below $35 per barrel for the first time in 11 years.…
A massive methane leak in Southern California continues to spew gas into the air, and a permanent solution could be months away. A well at…
The Norwegian oil company Statoil has decided to move forward with a major oil project in the North Sea, one of the few to get…
With oil prices dipping down to $35 per barrel, a growing number of oil and gas companies will struggle to stay afloat. On December 16,…
The state-owned Argentine oil company YPF issued a joint announcement with Dow Argentina – a subsidiary of Dow Chemical Co. – to invest $500 million…
In its latest monthly report, OPEC revised up its projection for global oil demand growth, jumping 30,000 barrels per day in October. That would put…
Inventory levels are at record highs across the globe, and the OPEC price war has killed off any notion that the oil cartel will act…
Russia is hoping to launch a futures market for its oil benchmark, the Urals blend. According to a Reuters report, Russia has for years wanted…
Iran is moving quickly to comply with all aspects of the nuclear deal reached with the P5+1 nations earlier this year, and that includes shipping…
Marathon Oil announced on December 2 its decision to abandon a key deep-water oil project in the Gulf of Mexico. The well that Marathon had…
The collapse in oil prices have led to severe cuts in spending and investment from oil producers, and a new report finds that the combined…
Mexico has given the go-ahead to Italian oil company Eni to drill offshore in the Gulf of Mexico. Eni won an auction in late September…
Chinese President Xi Jingping continues his efforts to reorient the Chinese economy on market principles, and a few recent developments highlight the tangible results. First,…