The US rig count may finally be bottoming out. Baker Hughes reported that the number of rigs pulled from the oil patch fell to just…
Petrobras has tried hard to put its massive scandal behind it. After a corruption scheme involving kickbacks was uncovered last year, the Brazilian oil giant…
The global oil industry will spend an estimated $129 billion less this year as a result of low oil prices, a new analysis from the…
Iran is not done sending a message to indebted tankers in the Persian Gulf. For a second time in three weeks, the Iranian Navy fired…
The U.S. government conditionally approved Royal Dutch Shell’s (NYSE: RDS.A) Arctic drilling plan, a major victory for the Anglo-Dutch company. Although Shell still needs to…
Oil prices have surged to their highest levels to date this year, with Brent trading above $65 per barrel, and WTI close to $60 per…
Oil prices are up, and could continue to see some strength coming from a very unlikely source: Eurozone growth. That’s not a typo. The European…
Tensions heated up in the Persian Gulf this week after Iran fired upon and seized a cargo ship near the Straits of Hormuz. Considered to…
Earnings season is upon us. The next week or so will provide a lot of insight into the extent of damage done to the bottom…
Oil prices continue to show some strength, closing out the week near their highest levels for 2015. The EIA reported another slight decline in oil…
Oil prices have rallied nearly 30% since March, demonstrating some resilience and strength amid all sorts of conflicting projections about oil production. But now the…
The oil price rally is finally underway. This week saw both WTI and Brent hit their highest levels in all of 2015 thus far. WTI…
The latest data from the U.S. Energy Information Administration predicts that shale output will decline by 57,000 barrels per day in May. It will be…
The major news of the week was the mega-merger between Royal Dutch Shell (NYSE: RDS.A) and BG Group (LON: BG). The $70 billion price tag…
Oil prices have ticked up a bit over the last week on several pieces of bullish news. Crude inventories in Cushing dipped a bit, as…
A group of exhausted diplomats did the unthinkable. The P5+1 countries and Iran came to a massive and historic framework agreement over Iran’s nuclear program,…
When it comes to geopolitical events affecting oil prices, there is no shortage of possibilities. Whether it is the outbreak of a war, a terrorist…
Oil prices nudged upwards slightly on March 23 and 24, ignoring several troubling signs for energy markets. WTI traded above $48 per barrel and Brent…
The double dip looks to be on. After nearly two months of moderate price gains for crude oil, by mid-March oil is swooning once again.…
Oil prices continue to fluctuate in a relatively narrow band around $50 for WTI and $60 for Brent. On March 6, Baker Hughes reported another…